Core Insights - Bing has achieved a significant milestone in the Chinese market, capturing a 40.23% market share in desktop search as of June 2025, marking its position as the leading search engine in China for 12 consecutive months [2][4] - Microsoft's investment of nearly $100 billion in Bing over the years has finally paid off, particularly benefiting from the digitalization and globalization trends among Chinese enterprises [3][6] - The rise of AI-driven search capabilities has transformed Bing from a mere alternative to a formidable competitor in the search engine landscape, with a notable increase in user engagement and interaction [12][15] Market Position and Growth - Bing's user base in China has surged by 12 times over the past five years, with China contributing 28.25% of Bing's global traffic, surpassing the United States [6][9] - Despite a temporary resurgence of Bing in the U.S. market in May 2025, the alternating leadership in both markets indicates a promising future for Bing in China [9][11] - The integration of Bing into Microsoft's ecosystem, particularly with the launch of Bing Chat Enterprise, has enhanced its presence in enterprise productivity scenarios [10][11] AI and Product Innovation - The introduction of the "New Bing" powered by AI models has redefined the search experience, allowing for more natural interactions and deeper understanding of user intent [15][16] - Bing's advertising model has evolved, with AI enabling more precise targeting and significantly reducing cost-per-click for advertisers, enhancing overall commercial viability [17][19] - The localized features and innovations, such as accurate weather forecasting and tailored marketing strategies, have further solidified Bing's appeal in the Chinese market [10][19] Competitive Landscape - The ongoing AI search battle is intensifying, with major players like Google and emerging startups vying for market share, indicating a long-term competitive environment [20][21] - Microsoft's strategy of integrating Bing into a broader ecosystem, including Windows 11 and Microsoft 365, enhances user engagement and retention [22] - Despite Bing's impressive growth, challenges remain, including reliance on desktop usage and the need to navigate local regulatory landscapes [23]

Core Insights - The company, Xiangjie, has achieved significant milestones in the high-end smart manufacturing sector, with its S9 model delivering 4,154 units in June, ranking first in the 300,000-level new energy sedan category [2] - A new logo was unveiled during the "2025 Xiangjie User Star Night," symbolizing a new phase in the brand's development and reflecting user feedback [2][3] - The brand's positioning has shifted from a focus on executive sedans to catering to family-oriented users, with 60% of S9 owners being young individuals [5][8] Group 1: Brand Development - The new logo design was inspired by celestial themes and incorporates a hexagonal design consistent with the Hongmeng Intelligent family, enhancing brand recognition [5] - The initial positioning of the S9 as a luxury executive sedan has evolved, with a significant portion of its user base now identified as family-oriented [5][8] - The event highlighted the importance of user feedback in shaping the brand's identity and product offerings [3][12] Group 2: Strategic Partnerships - The collaboration between BAIC Group and Huawei has entered a new phase, with Huawei granting greater operational autonomy to BAIC for the Xiangjie brand [9][11] - The sales strategy is shifting from centralized control by Huawei to independent channel development for each brand under the Hongmeng Intelligent umbrella [9][11] - BAIC has initiated a recruitment drive for Xiangjie dealerships, aiming to establish a robust sales network across multiple cities [9][12] Group 3: Future Product Plans - Xiangjie plans to launch its second model, a family-oriented travel vehicle, in the fall, further diversifying its product lineup [8] - The establishment of the Xiangjie Business Unit within BAIC New Energy indicates a prioritization of resources and development for the brand [12] - The commitment to user-centric design and product development is emphasized as a core strategy moving forward [12]

这是黄仁勋年内第三次到访中国，也是他首次脱下皮衣穿上唐装并且用部分中文发表演讲。而在此前一 天，英伟达获批向中国市场销售H20芯片，并即将发布RTX Pro GPU，而且公司股价也创下了历史新 高，市值也超过4.1万亿美元。 7月16日，英伟达创始人兼CEO黄仁勋在第三届中国供应链博览会开幕式上发表演讲。 7月16日下午举行的一场约90分钟的小规模交流会上，黄仁勋和三十多家媒体分享了他对目前中美AI算 力和大模型，H20进展细节，中国电动车发展，以及对于未来AI发展看法等。 黄仁勋表示，中国在计算机、AI大模型和应用方面正在加速发展，而DeepSeek是世界上第一个开源推 理模型，这是毋庸置疑的突破，因此在模型层，技术进步非常快，DeepSeek R1非常创新，他创造了一 个全新的深度思考AI模式。 黄仁勋坦言，中国市场至关重要，这里培养了全球50% 的AI人才。而且，DeepSeek和Kimi确实很优 秀，DeepSeek-R1既是一种革命性的模型，也是第一个开源的推理模型，而且非常创新。对于应用场景 而言，它们非常高效，因为它们是开放的，可以根据任何你想要的应用场景来调整它们，甚至可以在这 些开放模型基础 ...

【钛媒体综合】7月16日消息，英伟达创始人兼首席执行官黄仁勋出席第三届中国国际供应链促进博览 会开幕式并参加相关活动，这也是黄仁勋今年年内第三次来华。以下是黄仁勋发言速览： 1.中国有超过150万名开发者在NVIDIA平台上开发，将他们的创新变为现实。由中国孕育并开源共享的 DeepSeek、Alibaba、Tencent Hunyuan、MiniMax、Baidu Ernie Bot等世界级大模型，正在推动全球AI快 速发展。 2.中国的开源AI是推动全球进步的催化剂, 让各国和各行业都有机会参与这一AI革命。开源同样是保障 AI安全的关键，有助于推动国际社会在技术标准、性能基准和安全防护措施方面的协作。 3.今天AI也是我们的基础设施，就像电和过去的互联网一样，AI也在重塑供应链，彻底改变我们的生产 与物流方式。中国的供应链是个奇迹。 4.中国已有数百个项目运用NVIDIA Omniverse模拟数字孪生，用于设计和优化工厂和仓储。而机器人在 NVIDIA Omniverse虚拟世界中进行训练，以便能够在物理世界中与人类安全协作。 5.AI的下一波浪潮将是机器人系统，它具备推理与执行能力，并且能够理解物理 ...

Group 1 - The core viewpoint of the articles highlights a significant reduction in credit card benefits across various banks, driven by cost pressures and a shift in the banking industry's strategy towards high-value customers [1][3][4] - The changes in benefits have led to customer dissatisfaction, with many users expressing their frustration on social media and even canceling their cards [5][6] - The credit card market is entering a phase of stock competition, with many banks experiencing negative growth in card issuance and a decline in transaction volumes [4][6] Group 2 - Banks are facing cost pressures due to narrowing interest margins, declining transaction amounts, and rising customer acquisition costs, prompting a need for efficiency [3][4] - The reduction in benefits is seen as a short-term cost-cutting measure, but it risks losing high-net-worth customers who are sensitive to service quality [5][6] - To retain high-value clients, banks are encouraged to offer personalized services and higher-yield products, moving away from traditional benefits [6][7] Group 3 - The industry is transitioning towards "data-driven services and scenario-based benefits," with banks innovating through co-branded cards and tailored offerings to enhance customer loyalty [7][8] - By leveraging big data, banks can provide customized products and services, increasing credit card usage frequency and overall customer satisfaction [8]

此前，由于核心电芯供应商的原材料问题，包括安克创新、罗马仕、倍思等企业发起了面向全球用户的 充电宝召回行动。据作者不完全统计，此次充电宝召回规模超过了200万部。同时，包括罗马仕、安 克、小米、倍思、绿联等在内的移动电源产品的多个3C认证证书也被暂停。 7月15日，国家工业和信息化部的最新消息显示，目前正在公开征集对《移动电源安全技术规范》制修 订计划项目的意见，制定后的强制性国家标准将对包括充电宝在内的移动电源设置更严格的技术标准。 国产充电宝产品经历全球召回之后，事件又迎来了新的走向。 这意味着，整个移动电源行业即将迎来新的国家标准，产品工艺和电池技术都将受到更严格的监管。 3C认证是依据《中华人民共和国产品质量》、《强制性产品认证管理规定》等法规实施的产品合格评 定制度。列入目录的产品必须通过认证并加施标志，否则不得出厂、销售或进口。 不过，由于3C认证标准的落地时间滞后，市场上流通的充电宝中只有部分持有3C标志，大部分在2024 年8月生产的充电宝则无该标志。直到2025年6月底，随着充电宝行业大规模召回行动开始，无3C标志 的产品开始被市场关注。 随即，民航局发布紧急通知表示，禁止旅客携带没有3C标 ...

Core Viewpoint - Starbucks is facing significant challenges in the Chinese market, leading to speculation about its valuation and potential sale of equity, with a reported valuation of $9 billion, raising questions about its worth in the current competitive landscape [1][4][6] Group 1: Market Dynamics - Starbucks China is projected to generate $2.958 billion in revenue for the fiscal year 2024, reflecting a year-over-year decline of 1.4% [4] - In contrast, Luckin Coffee's revenue is expected to reach approximately $5 billion, with a significantly lower price-to-sales ratio of 1.89 compared to Starbucks' 3 [8] - The number of Starbucks locations in China is 7,758, while Luckin has surged to 24,097 locations, indicating a substantial competitive advantage for Luckin [6] Group 2: Consumer Behavior - Consumer sentiment towards Starbucks has shifted, with many expressing that they would rather choose cheaper options from competitors like Luckin, even when Starbucks offers discounts [6][19] - The perception of Starbucks as a premium brand is deteriorating, as evidenced by comments on social media indicating that consumers are now more price-sensitive and less loyal to the brand [6][21] Group 3: Strategic Moves - The potential sale of a stake in Starbucks China is seen as a strategic retreat, with the company looking to retain 30% ownership while seeking new capital partners [6][23] - The involvement of major investors like Dazhong Capital, which has a history of aggressive market strategies, suggests a shift in control and potential rebranding efforts for Starbucks [10][12] Group 4: Future Outlook - The coffee market in China is still growing, with per capita coffee consumption significantly lower than in countries like Japan and South Korea, indicating room for expansion [15] - The outcome of the potential equity sale and subsequent strategies will determine whether Starbucks can reclaim its premium status or if it will continue to struggle against lower-priced competitors [24][26]

吉利汽车集团高级副总裁、极氪科技副总裁林杰明确表示："浩瀚超级电混在充电速度、纯电续航、加 速能力这三项上，目前在行业内是没有朋友的。"他同时强调，这套系统的设计初衷并不是"中庸之 道"，而是要在油电之争之外，重建豪华电动出行的新标准。 2025年7月，极氪在乌镇正式发布了"浩瀚-S"豪华电混专属架构。 作为全球首个基于纯电架构打造的高端混动平台，它一反业界主流的插混和增程思路，从底层技术构型 入手，提出以900V高压平台、兆瓦级电驱系统、6C超快充与超长纯电续航的全新技术路线。 有人觉得这是在原有架构上的"混动补丁"，但实际上它更像一套自底向上的技术重构。这种技术路径并 不轻松。相比目前主流的低压混动系统，浩瀚-S所追求的性能指标与结构要求，对整车平台、电池系 统、热管理与智能化的融合能力提出了极高挑战。 按照常规商业逻辑，在当前市场高度内卷、纯电优先级被抬到前所未有高度的背景下，推出一个面向中 高端用户的混动平台，并非"稳赚"的选择。 事实上，极氪选择从混动切入豪华新能源市场，恰恰是对当下技术瓶颈与用户焦虑的一种回应。 在30万元以上价格带，纯电SUV虽多，但因续航、补能、场景适配等问题始终难以成为大尺寸 ...

文 | 追问nextquestion 当以ChatGPT为代表的许多大语言模型，能够实现相对准确地预测大脑对语言任务的反应时，是否可以 认为大语言模型捕捉到了大脑语言认知加工的一些深层机制？换言之，大脑也采用类似大语言模型的预 测编码机制——不断预测并修正错误？ 这种推论是否经得起科学的检验？GPT的预测与人脑语言反应的高度相关，究竟是"认知本质"，还是 只是"统计上的巧合"？ 01 预测编码理论 在20世纪，我们认为大脑从感官中提取知识。21世纪则见证了一场"奇怪的反转"，大脑被视为一个推理 的器官，会主动地为外部世界发生的事情构建解释[1]。在这场转变中，预测编码（Predictive coding） 理论扮演了重要角色。 20世纪90年代，心理学家Karl Friston提出了预测编码理论，提供了一个关于大脑如何加工的高层次描 述。该理论认为，大脑在未来事件发生之前就在不断地尝试对其进行预测，然后将预测与观测进行比 较，当预测与实际的感官输入不匹配时，大脑会对预测进行调整与更新以减少这种预测误差 （prediction error）。作为一种认知理论，预测编码理论为大脑信息加工提供了一种概念简洁、机制合 ...

Core Viewpoint - The U.S. government has relaxed export restrictions on AI chips, allowing NVIDIA and AMD to sell their respective H20 and MI308 AI chips in China, indicating a shift in U.S.-China trade relations and a strategic move to maintain U.S. technological dominance in the AI sector [2][3][11]. Group 1: Company Developments - AMD plans to resume shipments of its MI308 AI chip to China following the approval of its export license application by the U.S. government [2]. - NVIDIA has announced the resumption of H20 chip sales in China, with CEO Jensen Huang expressing optimism about the market potential [11]. - Both companies experienced significant stock price increases following the news, with AMD's stock rising by 8.5% and NVIDIA's by 5% on July 15, leading to a combined market value increase of over $170 billion [5]. Group 2: Market Dynamics - The decision to allow sales of these AI chips is linked to ongoing U.S.-China trade negotiations, particularly concerning rare earth materials [3]. - NVIDIA's H20 chip is a "special version" designed for the Chinese market, which, while lower in performance compared to the latest models, still outperforms most domestic AI chips [7][10]. - The Chinese market is crucial for NVIDIA, with revenue from the region reaching $17.11 billion in the fiscal year ending January 2024, a 66% increase from the previous year [10]. Group 3: Strategic Implications - U.S. officials believe that allowing Chinese companies access to NVIDIA's technology will create dependency on American tech, thereby maintaining U.S. market influence [3][4]. - The strategy involves selling "just adequate" products to ensure that Chinese developers remain reliant on U.S. technology ecosystems [4][13]. - NVIDIA is expected to introduce a new B30 chip in 2025, which will be a lower-performance version aimed at the Chinese market, further solidifying its presence despite the competitive landscape [15][16]. Group 4: Industry Outlook - The Chinese AI chip market is projected to grow significantly, with estimates suggesting it could reach $50 billion in the next few years [11]. - The domestic AI chip market is also expanding, with predictions indicating a compound annual growth rate of 53.7% from 2025 to 2029 [17]. - The GPU market in China is expected to grow from approximately 384.77 billion yuan in 2020 to 1,638.17 billion yuan by 2024, highlighting the increasing demand for AI computing solutions [18].