Group 1 - OpenAI is in preliminary discussions with investors to raise at least several billion dollars, with a potential maximum of $100 billion, aiming for a valuation of $750 billion, which represents a 50% increase from its October valuation of $500 billion [1] - The demand for computing power in the AI industry is continuously rising as companies compete to develop AI systems that match or exceed human capabilities, necessitating substantial financial investments [2] - OpenAI plans to invest trillions of dollars in infrastructure to support AI technology development, despite not yet being profitable [2] Group 2 - OpenAI's CEO, Sam Altman, projected that the company's annualized revenue will exceed $20 billion by the end of this year, potentially growing to hundreds of billions by 2030 [2] - HSBC forecasts that while OpenAI's user base may grow to 44% of the global adult population by the end of 2030, the company will still be far from profitability [2] - OpenAI is reportedly preparing for an initial public offering (IPO), which could value the company at up to $1 trillion, potentially making it the largest IPO in history [2] Group 3 - OpenAI faces significant competition from rivals like Google, which has released its Gemini 3 model that outperforms OpenAI's GPT-5.1 in several key benchmark tests [3] - In response to competitive pressures, OpenAI recently launched its latest model, the GPT-5.2 series, to solidify its position in the AI sector [3]

Core Insights - Alibaba's Taotian Group announced significant achievements in intellectual property protection at the 8th AACA conference, highlighting the platform's growth and effectiveness in combating counterfeiting [1] Group 1: Intellectual Property Protection Achievements - As of November 2025, the Taotian intellectual property protection platform has attracted over 820,000 rights holders and protected more than 1.51 million global intellectual property rights [1] - The original protection platform has safeguarded over 950 million images and more than 180 million short videos [1] Group 2: Brand Participation and Impact - The "Intellectual Property Support Plan" implemented by AACA has covered 42 categories and attracted over 300 new brands [1] - The integrity complaint approval rate for participating brands has increased to 97%, with related GMV growth reaching 1.5 billion [1] Group 3: Anti-Counterfeiting Efforts - The platform has utilized AI technology and industry collaboration to control the repeat infringement rate of the same product at 0.175%, with counterfeit complaints decreasing by 58.5% year-on-year [1] - Over the past year, the alliance has assisted law enforcement in cracking more than 1,600 counterfeit cases, dismantling 161 criminal dens, and arresting over 1,800 suspects [1] Group 4: Challenges from AI-Generated Content - In response to challenges posed by AI-generated content, Taotian Group introduced a "sandbox theory-based mechanism for certifying AI-generated synthetic materials" [1] - The company has intercepted nearly 500,000 low-quality AI-generated images and returned over 10,000 complaints that used AI-generated images for qualification filings [1]

12月18日，摩根士丹利发布最新研报称，在史无前例的人工智能（AI）基建热潮以及传统模拟芯 片/MCU（微控制器）强劲去库存步伐推动之下，芯片股的"长期牛市逻辑"仍然完好无损，明年芯片股 仍有可能是美股市场表现最亮眼板块之一。 "虽然杠杆作用有限，但我们仍然认为市场低估了英伟达的地位。"报告称。 此外，该行还对AMD和Marvell Technology给予了"与大盘一致"的谨慎看涨评级，因为这两家公司都 有"实质性上涨"的潜力，但也存在不确定性。而鉴于其对英特尔代工业务持怀疑态度，大摩对英特尔更 为谨慎。 Astera Labs是该公司在数据中心领域最喜欢的小盘股，尤其看好该公司通过收购的aiXscale 推进机架 级/scale-up光互连生态解决方案，强调该公司正在强势切入数据中心内部光互连/硅光子技术方向。 另一方面，摩根士丹利还指出，在内存和半导体设备领域，人工智能的增长可能会使内存和逻辑晶圆供 应紧张。因此，美光（Micron）是该公司在内存市场的首选，不过它对闪迪（Sandisk）的评级也为"增 持"。 在芯片设备领域，应用材料和台积电是摩根士丹利最看好的两只股票。 伴随牛市预测而来的，还有"2 ...

Core Viewpoint - GAC Group has officially launched a reform of its independent brand Business Units (BUs), aiming to drive high-quality development through strategic restructuring [1] Group 1: Business Unit Reform - The Haobo and Aion BUs have been established under the same management for integrated operations [1] - The GAC Group is preparing to launch the Trumpchi BU, alongside the independent operation of the Qijing brand in collaboration with Huawei [1] Group 2: Brand Positioning - The Haobo brand focuses on the "elite vehicle" segment, targeting the high-end market [1] - The Aion brand is positioned as the "people's good car," concentrating on the mass market [1] Group 3: Channel Integration - The integration of sales channels for Haobo and Aion will occur in phases, with the first phase set to announce the initial sales and service points by January 31, 2026, covering over 30 cities [1] - The second phase aims for complete channel integration by March 31, 2026, resulting in over 1,000 sales points and 100% coverage in cities above the fourth tier [2] Group 4: Service Network Expansion - The service network for Haobo is expected to grow from 200 to 1,000 locations, addressing service convenience issues for Haobo users [2] - Aion users will benefit from a wider range of product options, catering to their upgraded vehicle needs [2]

Core Viewpoint - BYD officially launched its brand in the Iraqi market and introduced the plug-in hybrid pickup truck BYD SHARK 6 during an event held in Baghdad on December 14 [1] Group 1: Product Launch - The BYD SHARK 6 has a comprehensive fuel consumption of 9.6 liters per 100 kilometers in electric depletion scenarios and a total range of 670 kilometers [1] - The vehicle is equipped with BYD's DMO (Dual-Mode Off-road) super hybrid power platform, featuring multiple terrain modes including mud, sand, and snow [1] - The interior includes a 10.25-inch LCD instrument panel and a HUD (Head-Up Display) [1] Group 2: Market Presence - BYD offers a total of 8 models in the Iraqi market, consisting of 4 plug-in hybrid vehicles and 4 pure electric vehicles [1] - The brand's after-sales service centers are set to open soon, providing maintenance, technical support, and customer service to users [1]

其中，云帆负责的部分命名为"Live"，直接向小红书COO柯南（薯名）汇报；新岛负责的部分命名 为"Village"，依然向社区业务负责人帕鲁汇报。"过去我们是垂类运营的逻辑，现在是变成依据不同业 务目标来划分"，前述知情人士表示。 摘要： 另一知情人士告诉凤凰网科技，Live或将对应一部分PGC内容，初步规划为做优质中长视频，时长或超 过2分钟，未来希望培养更多大V。 凤凰网科技独家获悉，小红书在几个月前对社区组织架构进行了深度调整，意在进行"产运研一体化融 合"，该知情人士告诉凤凰网科技，新划分的职责中，由云帆（薯名）和新岛（薯名）各自负责。 另据了解，除了社区部，小红书的另一个重要业务板块，是由商业部和交易部组建而来的大商业板块， 柯南担任总负责人，和小红书CMO之恒共同组成领导班子。彼时，商业部、交易部的一级部门设置不 变，组织结构将保持稳定。 社区部一直是小红书最为基础和核心的部门，其下包括社区产品、内容运营、市场等部门。 2025年中时，彭博社引用金沙江创投内部文件称，小红书最新估值已上涨至260亿美元（约1830亿元人 民币），较2025年初的200亿美元增长30%。该估值是根据该基金持股比例和 ...

凤凰网科技讯12月18日，小鹏汽车法务部发文称，近期，小鹏汽车发现存在不法分子通过非法盗电设备、注册虚假用户账号等手段，实施或参与"盗电"行 为。针对上述违法行为，小鹏汽车已向公安机关正式报案，目前部分案件已成功侦破，主要犯罪嫌疑人因涉嫌盗窃罪、诈骗罪已依法到案。 公布的案件文书显示：小鹏汽车充电站电被盗刷一案，符合刑事案件立案标准。经过侦查，该案嫌疑人已经到案，主要犯罪事实已经固定，案件已侦破。 ...

公告指出，近期，平台发现部分用户利用AI技术升级违规手段，侵害未成年人合法权益，具体表现 为：AI生成未成年人低俗擦边形象"养号涨粉"；AI生成虚假的未成年人"卖惨"内容，博取同情不当牟 利；AI恶意魔改经典动画、动漫和文学形象，炮制含有血腥、暴力、低俗等不良元素的"儿童邪典"内 容，危害未成年人身心健康。平台已下架相关违规内容，并对违规账号从严处置。 凤凰网科技讯 12月18日，抖音发布关于持续治理涉未成年人不良内容的公告并公布一批典型案例。公 告提到，近一个月，针对涉未成年人的违规场景，平台共清理相关违规内容20.2万条，对超8000个账号 处以清理违规增长粉丝、限制商业变现功能、禁言、封禁等不同梯度的处罚。 ...

iPhone Air 凤凰网科技讯 北京时间12月18日，天风国际证券知名苹果分析师郭明錤表示，苹果的AI危机意识催生 了创新动机，才有了iPhone Air的诞生。苹果会在2026年发布可折叠iPhone，但是该机型将缺货到明年 年底。 他指出，谷歌Gemini 3迅速成为市场焦点的主要原因是，用户在短期内就能感受到其显著提升的生图能 力，以及与Google Workspace的高度整合便利性。Gemini 3发布成功的更重要原因是谷歌的组织与策 略，难以被其他采用TPU的厂商轻易复制。 郭明錤认为，AI产业仍处于很早期阶段，论赢家与输家仍言之过早。 他指出，苹果的产品开发时间较竞争对手更长，iPhone Air已是在时间有限条件下在2025年所能做出的 最大改变，显著的iPhone用户体验改变需等到2026年。设备端AI是长期趋势，但短期内仍不影响既有消 费电子出货。苹果在今年的iPhone 17发布会上几乎未提AI，但销量仍优于预期即为证明。 苹果在2026年全球开发者大会(WWDC)上势必要显著改进Siri/Apple Intelligence，在时间压力下可能会 与谷歌的Gemini进行更深入的合作 ...

凤凰网科技讯 12月18日，小米集团合伙人卢伟冰今日通过微博宣布，小米与徕卡达成全球影像战略合 作升级。双方在原有联合研发基础上，新增"战略共创模式"，计划将徕卡的专业光学、设计美学及交互 理念融入小米产品。 小米同时调整了该产品的发布节奏，小米17 Ultra将提档至今年内上市。小米方面表示，此举意味着其 正代高端旗舰系列已全部实现当年发布。 根据公布的信息，此次合作下的首款产品为小米17 Ultra，将于下周正式发布。该手机将搭载双方联合 研发的新一代1英寸主摄传感器和徕卡APO长焦镜头。 ...