Core Insights - The global stock market has shown strong performance in 2025, driven by the AI investment boom and loose monetary policies, with many indices, including the US stock market, reaching historical highs [1] Group 1: Investment Sentiment - Billionaires are increasingly optimistic about investment opportunities in China and Western Europe, with 40% of respondents favoring Western Europe for the next 12 months, up from 18% in 2024 [1] - Similarly, 34% of billionaires see potential in the Greater China market for the next 12 months, a significant increase from 11% in the previous year [1] - Over a five-year horizon, the outlook for Greater China has also improved, with the percentage of respondents optimistic rising from 31% in 2024 to 48% in 2025 [1] Group 2: North America Market Sentiment - In contrast, optimism towards the North American market has sharply declined, with only 63% of billionaires favoring it in 2025, down from 80% in 2024 [4] - Concerns over multiple risk factors, particularly tariffs, are driving this shift, with 66% of respondents identifying tariffs as a major potential negative impact on the market environment [4] - Other significant concerns include geopolitical conflicts (63%), policy uncertainty (59%), and higher inflation (44%) [4] Group 3: Investment Areas - Billionaires plan to increase their exposure to private equity, with 49% indicating plans to invest more in this area over the next 12 months [5] - Other areas of interest include hedge funds (43%), developed market equities (43%), and emerging market equities (42%) [5] - The survey indicates a strong preference for public and private equity investments among billionaires, reflecting a strategic shift in their investment focus [6]

知情人士称，今年夏末，OpenAI对手、埃隆.马斯克(Elon Musk)旗下xAI已做出了类似的调整。 人才争夺战 OpenAI CEO奥特曼 凤凰网科技讯北京时间12月14日，据《华尔街日报》报道，OpenAI在刚刚过去的一周告诉员工，该公 司将取消一项薪酬政策。该政策规定员工在公司工作至少六个月后才能获得股权归属。 这六个月就是所谓的"归属悬崖"。如果OpenAI员工在六个月内离职，任何股票都拿不到。 据知情人士透露，OpenAI应用主管菲吉.西莫(Fidji Simo)宣布了对于"归属悬崖"的调整，旨在鼓励新员 工大胆冒险，而不必担心在获得第一批股权之前被解雇。今年4月，OpenAI将新员工的股权归属期限从 行业标准的一年缩短至六个月。 一些科技投资者私下对高速增长的AI创业公司不断膨胀的股权激励成本表示不满，认为这正在侵蚀股 东回报。 AI头部公司决定放宽或取消旨在确保新员工长期留任的种种限制，反映出AI行业对顶级技术人才的激 烈争夺。科技公司通常对新员工设有一年的"归属悬崖"，以防止将股权授予那些迅速离职或未能通过试 用期的员工。 然而，随着Meta、谷歌及Anthropic等AI公司以高达1亿美 ...

Group 1 - Shanghai Jiao Tong University and Guoxing Aerospace signed an agreement to establish China's first Space Computing Joint Laboratory, focusing on research in autonomous space computing chips, robotic satellites, and in-orbit additive manufacturing [1] - The collaboration aims to leverage Shanghai Jiao Tong University's strengths in artificial intelligence and Guoxing Aerospace's advancements in AI intelligent constellation networking to create a "technologically advanced and independently controllable space computing network" [1] - The initiative is expected to contribute to the formation of a globally influential space computing industry cluster [1] Group 2 - The signing ceremony also marked the establishment of Dongfang Tiancan Technology Co., Ltd. as an industrialization platform for the Space Computing Joint Laboratory, aimed at exploring new models for industry-academia-research integration and accelerating the industrialization of the space computing network [3] - Beijing is also working on building a "Space Data Center," with the first computing constellation supported by the city set to launch its first experimental satellite, "Chenguang-1," which has completed product development and is undergoing assembly tests [3] - Starcloud, a startup supported by NVIDIA, successfully trained and operated an AI model in space for the first time, launching the "Starcloud-1" satellite on November 2, 2025, equipped with NVIDIA's H100 GPU [3]

Core Viewpoint - A recent court ruling has significant implications for the investment banking sector, marking a shift in how violations by key personnel in state-owned securities firms are prosecuted, particularly regarding the classification of such individuals as "state workers" under criminal law [1][9]. Group 1: Case Overview - Du Pengfei, former executive general manager of CITIC Securities' investment banking division, was sentenced to 10 years and 2 months in prison for bribery, with a fine of 600,000 yuan and the confiscation of illegal gains totaling 4.1064 million yuan [1][9]. - The case centers around Du's involvement in the IPO of Zhenhua New Materials, where he engaged in illegal stockholding practices through a third party, leading to substantial profits after the stock's lock-up period ended [1][2]. Group 2: Regulatory Implications - The court's ruling establishes that key personnel in state-owned securities firms can be classified as "state workers," which alters the legal landscape for similar cases, previously often resulting in lighter penalties [1][9]. - This case sends a strong signal regarding increased regulatory scrutiny and stricter legal boundaries for investment banking professionals, redefining the risks associated with their roles [1][9]. Group 3: Details of the Violation - Du Pengfei was involved in a scheme where he used a third party to hold shares in Zhenhua New Materials, despite clear prohibitions in the Securities Law against such actions by securities professionals [3][8]. - The IPO of Zhenhua New Materials was initially under financial pressure, prompting the company to allow Du to participate in a private placement through a third party, which ultimately led to his illegal gains [3][4]. Group 4: Legal Proceedings - The case was uncovered during a routine audit by the National Audit Office, which identified irregularities in Du's stock transactions, leading to an investigation by the local supervisory committee [5][6]. - The court's decision emphasized the importance of Du's role in managing state assets, thus justifying the classification of his actions as a serious criminal offense [7][8].

交付：应对特殊状况能力差 天津的张先生（化名，下同）因订金与尾款支付账户不一致需变更购车人，却在车辆下线后遭遇十 天"失联"。 起因是张先生需要为自己的公司购买一台小米SU7，并且需要公户付款，但由于发布会当晚急于交纳订 金，便以个人账户进行了交纳，随后要求提车时再用公户交纳尾款。对于张先生的情况，小米汽车工作 人员表示，当时车辆是以个人名义购购买，如果需要公户付款，则需要进行购车人的变更。 在漫长等待中，人在国外的张先生接到车辆下线通知。但在随后的10天里，没有交付人员通知其提车， 也没有人通知其变更手续。 "经过我主动沟通后，有交付人员说暂定9月2日提车，但是实际上5日才能完成变更。我本来以为完成变 更两三天后就可以提车，结果还是没有人联系我。"张先生告诉记者。 按照小米汽车销售人员的说法，如果用户购买了小米汽车，会建立一个沟通群，包括销售人员、一位关 注制造端流程的工作人员、一位交付人员和车主本人。然而，在面对一些用户的特殊状况，沟通群工作 效率低、"已读不回"、"已读乱回"成为不少用户吐槽的点。 上海的辛女士也在交付环节遇到了状况。辛女士称，在车辆完成下线后，有交付人员告知其尽快结清尾 款，并约定12 ...

凤凰网科技讯 12月12日，北京市网信办"网信北京"公众号发文通报：抖音账号"雨（记录生活）"（粉 丝数 7.2 万）、"大东北（记录生活）"（粉丝数 28.9 万），经核实为劣迹网红"东北雨姐"转世账号；账 号"碎嘴撸米"（粉丝数 72.3 万）经核实为劣迹网红"猫一杯"转世账号，劣迹网红"秀才"借抖音账号"王 老四"（粉丝数 2.7 万）变相复出，相关账号已被依法依约予以关闭。 北京市网信办称，下一步将坚持依法从严治理，对相关问题乱象保持高压严管态势。依据《网络安全 法》《网络信息内容生态治理规定》等法律法规，综合运用约谈提醒、限期整改、行政处罚、通报曝光 等管理手段，压实平台主体责任，规范账号运营行为，推动网络名人账号发挥正向引领作用，共建积极 正向网络环境。 据了解，为进一步规范网络名人账号信息传播秩序，近期，北京市网信办启动"清朗京华 网络名人账号 乱象整治"专项行动，指导网站平台重点整治煽动群体对立、宣扬不良价值观、扰乱网络生态、违规账 号变相复出、逃避税收监管等突出问题。 ...

Core Points - Vivo officially announced that the S50 series launch event will be invitation-only, with no tickets available for purchase, and warned against fraudulent ticket sales [1] - The Vivo S50 series is set to be launched on December 15 at 19:00, featuring two models: S50 Pro mini and S50 [1] - The S50 Pro mini will be equipped with Qualcomm's fifth-generation Snapdragon 8 chip, while the standard S50 will use the third-generation Snapdragon 8s [1] - Both models will feature a Sony IMX882 large sensor periscope camera with a size of 1/1.95 inches [1] - The design of the S50 Pro mini includes a horizontal rear camera module, while the standard S50 has a rectangular camera module design [1]

Core Viewpoint - Honor's brand marketing president, Guo Rui, has recently left the company, indicating a potential shift towards entrepreneurship, as suggested by his social media posts [1] Group 1: Departure of Guo Rui - Guo Rui's departure from Honor is confirmed, and he expressed confidence in the company's future in his farewell message [1] - Insiders suggest that Guo Rui may pursue entrepreneurial ventures, aligning with his social media references to "next station technology" [1] Group 2: Guo Rui's Contributions - Guo Rui has a notable background, having served as CMO for Huawei's terminal division in Greater China from 2017 to 2021 before joining Honor's founding team [1] - During his tenure at Honor, he led the brand marketing department, overseeing brand and marketing strategies [1] - Guo Rui played a significant role in driving Honor's AI technology into a billion-level consumer market and helped the brand achieve a top-five position globally in several regions, particularly in the high-end smartphone segment priced above $600 [1]

凤凰网科技讯 12月12日，国家市场监督管理总局发布《汽车行业价格行为合规指南（征求意见稿）》 （以下简称《指南》）公开征求意见。《指南》从汽车生产企业价格行为、销售企业价格行为、制度建 设等方面，为维护汽车行业公平竞争秩序，保障消费者合法权益，促进产业链供应链健康可持续发展提 供了明晰指引。 比亚迪（002594）表示，将以《指南》为指引，持续优化自身的价格管理和合规体系建设。我们承诺将 严格落实规范价格竞争行为的要求，保障消费者的利益，坚决杜绝任何形式的价格欺诈和不正当竞争行 为。 ...

该公司公布的数据显示，目前激光雷达在中国新能源乘用车中的渗透率已达25%。禾赛已获得全球24家 主机厂超过120款车型的量产定点，计划在2026至2030年间交付。其中，ATX焕新版在手订单规模已超 过400万台，预计2026年4月开始量产交付。 在机器人领域，禾赛的激光雷达产品已被应用于割草机器人、智能伴随机器人及3D空间扫描设备。今 年11月，禾赛成为全球首家累计交付量突破200万台的激光雷达制造商。 凤凰网科技讯12月12日，禾赛科技官方宣布，将于2026年1月6日至9日参加在美国拉斯维加斯举办的国 际消费电子展(CES2026)。这将是该公司连续第八次参展。 据悉，禾赛将在展会上展示搭载新一代费米C500芯片的ATX激光雷达焕新版、面向L3级别的ET系列远 距激光雷达与FT系列短距补盲激光雷达，以及应用于机器人领域的JT系列迷你型3D激光雷达等产品。 ...