太带劲了！抢先Claude 5，OpenAI深夜祭出了一个编码杀器——Codex。它可以让一人指挥多Agent并行协作，自带Skills，编码从此进入自动化时代。 Claude 5的脚步声越来越近，奥特曼终于坐不住了。 就在刚刚，OpenAI毫无预警地抛出「王炸」——Codex正式进化为独立的桌面App。 Codex的进化令人毛骨悚然，它不仅生成代码，还学会了利用代码作为「Skills」来操控电脑。 比如想要解决项目中的Comment，直接调用安装好的Skills，Codex立刻就把问题破解了。 这不仅仅是一个写代码的窗口，更是一个能同时指挥千军万马（多个Agent）的「全能指挥部」。 Codex定位非常明确：要做Agent的「指挥中心」 具体来说，Codex可以做到以下几点： 多任务并行切换，毫不费力：同时调用多个AI智能体开展工作，并通过「工作树」（worktrees）实现变更隔离，互不干扰； 创建并调用Skills：将工具和开发规范封装成可复用的能力； 设置自动化流程：通过后台定时工作流，把那些重复性的琐事统统交给Codex处理。 假设想要为相册里的照片添加「拖拽」功能，选择「工作树」，即可让AI在同一 ...

长途司机副驾上的标配、运动场边随手拧开的一口提神——那句"累了困了喝东鹏特饮"，早已融入无数消费者的日常。 2月3日，这瓶国民功能饮料背后的公司——东鹏饮料（集团）股份有限公司正式登陆港交所（简称东鹏饮料）登陆港交所，开盘平开每股为248港元，总 市值1392亿港元；截至发稿，每股跌0.08%至247.8港元，总市值1390亿。 最新业绩预告显示，公司2025年预计营业收入将达到207.6亿元至211.2亿元，较上年同期增长31.07%至33.34%，预计实现归母净利润43.4亿至45.9亿元， 同比增长30.46%至37.97%。 02 值得一提的是，东鹏饮料目前对核心产品东鹏特饮的依赖性较高。 | 今开 | 248.000 | | 最高 | 249.800 | | 成交量 | 285.71万股 | | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 248.000 | | 最低 | 246.800 | | 成交额 | 7.11亿 | | 换手率 | 6.99% | | 市盈(TTM) | 28.97 | | 总市值 | 1390亿 | | 分时 ...

Core Insights - The AI assistant OpenClaw has rapidly gained popularity but has also faced significant security issues, leading to a backlash from users and experts alike [1][3][15] - The emergence of OpenClaw has highlighted the potential risks associated with AI agents, particularly regarding user account security and data privacy [9][10][15] Industry Impact - The rise of OpenClaw has exposed vulnerabilities in account and asset security, as well as risks of data leaks and operational disruptions for businesses [3][10] - The incident has catalyzed the emergence of a new market focused on Agent-Security, with companies recognizing the need for robust security measures in AI applications [15][16] Market Trends - The global market for generative AI cybersecurity is projected to grow significantly, from $3.27 billion in 2024 to $14.88 billion by 2029, with a compound annual growth rate of 35.4% [16] - Major cybersecurity firms, including Microsoft and CrowdStrike, are quickly developing solutions to address the security challenges posed by AI agents [17][19] Business Models - Companies are likely to pay for "enterprise-level Agent runtime environments" to ensure liability coverage in case of security incidents [20] - The DIY market for self-built agents presents a long-tail opportunity, although monetization remains challenging due to the prevalence of free open-source solutions [21] Future Directions - The future of AI security will focus on nuanced authorization and zero-trust principles, allowing for dynamic privilege escalation based on specific tasks [25][26] - The integration of advanced security technologies, such as semantic auditing and micro-isolation, aims to enable businesses to confidently delegate core operations to AI [26][28]

超级活水开闸了。 投资界-解码LP获悉，粤港澳大湾区创业投资引导基金（简称"粤港澳基金"）正式公开遴选子基金管理 机构。 作为国家创业投资引导基金在粤港澳大湾区设立的区域母基金，粤港澳基金在2026年1月22日落地深 圳，不到半月便开启遴选。一股超级活水涌来。 基金坚持"投早、投小、投长期、投硬科技"，通过"子基金+直投"双轮驱动，主要投向战略性新兴产业 和未来产业领域的种子期、初创期科技企业，全力支持原创性、颠覆性技术创新和关键核心技术攻关， 推动重大科技成果向现实生产力转化，服务国家高水平科技自立自强。 500亿，开启公开遴选 深创投信息显示，粤港澳基金严格遵循国家战略目标和投资要求，按照市场化、专业化原则规范运作， 为有序开展子基金管理机构遴选工作，秉承"公平公开、优中择优"原则，现面向社会公开遴选子基金管 理机构。 具体来看，粤港澳基金目标规模504.5亿元，存续期最长可达20年，由深创投担任管理人，深创投和华 润资本共同作为基金普通合伙人。 犹记得2025年12月26日，国家创业投资引导基金正式启动，彼时粤港澳基金、京津冀创业投资引导基 金、长三角创业投资引导基金同日宣布设立运行。据悉，未来三大引导 ...

Core Insights - The Chinese dairy industry is facing growth challenges, with a slowdown in production and consumption rates, leading to a phase of stock competition [1][2] - Companies are diversifying into new markets such as pet food and nutritional products to seek new growth opportunities, leveraging their existing R&D capabilities and supply chain experience [1][6] - The industry is experiencing a dual pressure of supply-demand imbalance and intense competition, particularly in the liquid milk segment, which is leading to profit erosion [3][4] Industry Trends - The total milk production in China is projected to decline by 2.8% in 2024, marking the first negative growth since 2017, indicating the end of the era driven by population dividends and consumption expansion [2] - The traditional liquid milk market is facing shrinkage, with companies struggling to maintain profitability amid price wars and product homogenization [4][5] Competitive Landscape - The competition in the dairy sector is intensifying, with brands engaging in aggressive pricing strategies, leading to a "low-margin scale trap" where increased sales do not translate to higher profits [4][5] - Financial markets are shifting their valuation logic, now prioritizing companies that can demonstrate growth resilience during industry adjustments [6] Strategic Shifts - Dairy companies are not merely expanding blindly; they are strategically leveraging their established capabilities in quality control, R&D, and supply chain management to enter new markets [8][10] - The transition from being a "milk provider" to a "health solution provider" reflects a significant shift in the industry's value chain, as companies aim to meet specific health needs of consumers [19][20] Innovation and R&D - Companies are investing in R&D to develop high-value products and reduce reliance on imported ingredients, with examples including the development of HMO technology by Mengniu [21][24] - The focus on creating a comprehensive ecosystem around nutrition and health is evident, with companies aiming to provide solutions that span from infant nutrition to pet health [27][36] Market Dynamics - The future competition in the dairy sector will likely revolve around building a more open and innovative health ecosystem that can earn deep trust from consumers and partners [28] - Companies are expected to navigate a landscape where short-term performance fluctuations are inevitable, but the long-term goal is to establish a world-class nutrition and health service provider rooted in Chinese consumer markets [36]

Core Viewpoint - The decline of the beauty economy is a significant shift in societal values, indicating that reliance on physical appearance for income is becoming unsustainable, leading to a need for women to focus on skills and professional development instead of beauty-based monetization [3][18][19] Group 1: Decline of the Beauty Economy - The beauty economy is experiencing a near-collapse, with both online and offline sectors facing severe downturns, as evidenced by a 77% drop in nightclub traffic and a 60% decline in bar attendance in 2025 [4][5] - The medical aesthetics industry is also suffering, with nearly 40% of small clinics closing due to tightened credit for beauty loans, leading to a significant increase in overdue loans among women [5][6] - The willingness of men to spend on beauty-related services and products is rapidly decreasing, as shown by a 41% drop in online flower sales during the 2025 520 festival and a 40% decline in high-end dining orders [6][7] Group 2: Factors Contributing to the Collapse - The tightening of regulations against low-quality online content and the economic downturn are primary factors contributing to the decline of the beauty economy, as consumers cut back on non-essential spending [7][8] - Market saturation and aesthetic fatigue have accelerated the collapse, with an oversupply of similar beauty influencers leading to diminished consumer interest [8][9] - The awakening of women's self-awareness and independence is driving a shift away from valuing beauty as a primary asset, with many women now focusing on skill development and professional growth [9][11] Group 3: New Opportunities for Women - The collapse of the beauty economy presents an opportunity for women to redefine their career paths by combining beauty with professional skills, as evidenced by successful transitions of former beauty influencers into academic or specialized roles [11][12] - Women are increasingly entering traditionally male-dominated fields such as technology and construction, with a notable rise in the employment rate of skilled female workers compared to those relying solely on beauty [12][13] - Embracing entrepreneurship in niche markets, such as skincare or second-hand luxury goods, is becoming a viable option for women, with the second-hand luxury market projected to grow significantly [12][13] Group 4: Lessons for Men - The decline of the beauty economy serves as a warning for men to reassess their consumption habits and recognize the value of women beyond physical appearance [15][16] - Men are encouraged to focus on personal growth and responsible spending, moving away from emotional consumption patterns that have previously supported the beauty economy [16][17] - The importance of developing diverse skills and taking on responsibilities is emphasized, as reliance on a single advantage is no longer sufficient in a competitive environment [17][18]

最近有消息称OpenAI对英伟达的某些最新人工智能芯片表示不满，并且自去年以来就一直在寻求替代 方案，这可能会使这两家在人工智能热潮中最为知名的公司之间的关系变得有些复杂。 尽管英伟达CEO黄仁勋和OpenAI CEO阿尔特曼都隔空反驳了这一传言，不过这一传言凸显出，虽然英 伟达在用于训练大型人工智能模型的芯片方面仍占据主导地位，但AI推理可能已成为芯片竞争的新战 场。 英伟达芯片的推理短板？ 最近有消息称，由于OpenAI的策略转变，使得其越来越重视用于执行人工智能推理部分的芯片。AI 推 理是指 AI 模型（例如 ChatGPT 应用所使用的模型）响应用户查询和请求的过程。 毋庸置疑的是，英伟达的GPU非常适合用于处理大规模数据运算，这是训练像 ChatGPT 这样大型人工 智能模型所必需的。但如今，人工智能的进步越来越侧重于将训练好的模型用于推理和判断，这可能是 一个全新的、更大的的人工智能阶段。 推理所需的内存比训练更多，因为芯片需要花费相对更多的时间从内存中获取数据，而不是执行数学运 算。 然而，英伟达和AMD的GPU技术依赖于外部内存，这会增加处理时间，并减慢用户与聊天机器人互动 的速度。 相比之 ...

2月2日，热门产品国投白银LOF更新净值，不少投资者"炸锅"，国投白银LOF单日跌幅高达31.5%，这一跌幅更是创 下公募基金单日跌幅历史之最。 "活久见"的场面上演，到底发生了什么？国投白银LOF火速回应，是基金调整估值所致。 该基金公告称，决定参考白银期货国际主要市场的价格变动幅度，对基金资产进行合理重估。自2月2日起，本公司对 旗下证券投资基金持有的白银期货合约AG2604、AG2605、AG2606、AG2608、AG2610、AG2612，参考估值日北京 时间下午3点的白银期货国际主要市场价格相对前一交易日北京时间下午3点的波动幅度进行估值调整。 简单讲：基金直接手动抹掉了涨跌幅限制，突破了LOF场内10%的涨跌停限制、突破了国内白银期货合约当日的理论 最大跌幅17%，直接穿透至底层，以白银期货国际市场价格定价了。 对于未来是否会恢复到此前的通过合约结算价进行估值？公司将综合参考各项相关影响因素并与基金托管人协商，自 上述合约交易体现了活跃市场交易特征后，恢复按结算价估值方法进行估值。 国投白银LOF公布净值跌幅为何高达31.5%？ 依然有不少投资者懵圈，31.5%的单日跌幅，不仅远远高于此前基金公 ...

人工智能（AI）基础设施建设正助力掀起一轮存储"超级周期"，投资巨头和科技巨头正在争先布局这一赛道。软银集团周二表示，其子公司Saimemory已 与英特尔公司达成合作，共同开发一种新型存储芯片技术。 据悉，双方已于当地时间2月2日签署合作协议，共同将ZAM（Z-Angle Memory）商业化。ZAM是一种具有高容量、高带宽和低功耗特性的下一代内存 技术。 根据这项合作协议，Saimemory将借助英特尔的下一代DRAM（动态随机存取存储器）组装技术，并计划在至少2028年初之前完成原型产品的开发。更具 体地说，Saimemory的目标是在2027财年创建原型，并在2029财年实现商业化。 软银在一份声明中表示，该技术的开发旨在用于人工智能数据中心。鉴于运行生成式人工智能模型需要强大的计算能力，高速内存是人工智能数据中心的 关键组成部分。 当下，AI大模型训练算力需求正呈指数级增长，数据中心能耗问题已然成为行业痛点。传统HBM等高带宽内存虽可提升数据传输效率，但功耗问题始终 难以攻克。例如，有数据显示，在谷歌的AI数据中心里，HBM内存单元的功耗占比高达35%，散热成本更是逐年攀升。 而软银与英特尔此次联手 ...

Core Viewpoint - The long-standing urban renewal project in Beitou Village, Shenzhen, has reached a critical breakthrough after 18 years, entering the administrative mediation phase, which signifies a substantial step towards demolition and redevelopment [1][4]. Group 1: Project Background and Progress - Beitou Village has a history of over 500 years and is a key part of the urban renewal in the Nanshan central area, often referred to as one of the "F4" villages [1]. - The project was first included in Shenzhen's urban renewal plan in 2008, with special planning approved in 2011, but faced significant delays due to complex property rights and difficulties in demolition coordination [4]. - A turning point occurred in June 2024 when the revised special planning for Beitou Village was approved, clearing obstacles for the project's restart [4]. Group 2: Challenges Faced - The project has faced three main challenges: "difficulties in demolition," "balancing interests," and "financing difficulties." The market-driven negotiation model has made it hard to achieve 100% owner agreement, leading to high costs and project stagnation [5]. - The decline in property values has not aligned with villagers' compensation expectations, complicating negotiations further [5]. - Financial institutions have become increasingly cautious about funding complex urban renewal projects, leading to a lack of investment and delayed progress [5]. Group 3: Policy and Market Dynamics - Shenzhen's current policy emphasizes "controlling inventory," with a significant number of urban renewal projects awaiting activation, particularly in the Nanshan core area due to its advantageous market conditions [6]. - The government's intervention in the administrative mediation phase is expected to facilitate the resolution of final signing challenges, indicating a shift towards more proactive policy support for stalled projects [6][12]. Group 4: Developer Involvement - The actual developer for the Beitou Village project is Jinhui Rong Real Estate, a wholly-owned subsidiary of Dazhu Holdings Group, which is well-known for its leadership in the laser industry and has diversified into real estate since 2008 [9][10]. - Dazhu Holdings has successfully developed multiple residential and commercial projects in Shenzhen, with a total development area exceeding 5 million square meters [9]. Group 5: Market Implications - The breakthrough in Beitou Village is expected to influence the overall dynamics of the Nanshan central area's urban renewal, with other projects like Xiangnan Village also showing rapid progress [11]. - The surrounding property prices have significantly increased, with the average listing price for nearby properties reaching nearly 100,000 yuan per square meter, highlighting the potential value of urban renewal [12].