Core Insights - The article discusses the significant trends in AI as of April 2025, emphasizing the importance of evaluation (Evals) in the development of AI models and products, marking a shift from merely training models to effectively assessing their capabilities [4][5][8]. Group 1: Evaluation and Model Development - "Evals" has become a key focus in AI model and product development, with a shift towards defining problems rather than just solving them [4][5]. - OpenAI's GPT-4o has been criticized for being overly flattering in its responses, raising concerns about the effectiveness of its evaluation methods [10][12]. - The relationship between user scale and model capability is expected to change, as user feedback is increasingly recognized as a crucial factor in enhancing model performance [12][13]. Group 2: Investment Trends - In April, there were eight publicly disclosed AI mergers and acquisitions exceeding $100 million, indicating a shift towards ecosystem integration rather than isolated technology competition [15][16]. - Companies focused on AI safety have gained significant attention, with 10 startups securing over $50 million in funding in April alone [15][18]. - The overall investment landscape shows a growing interest in AI applications across various sectors, including healthcare, law, and finance, with a notable increase in funding for companies developing AI solutions tailored to specific industries [18][19]. Group 3: Challenges for Major Players - Major companies like ByteDance and Baidu have launched their own AI agent products but have struggled to generate the same level of industry excitement as smaller startups [20][21]. - The innovation dilemma is evident as larger firms face challenges in rapidly developing and deploying competitive AI products compared to agile startups [25][26]. - The article highlights the need for established companies to adapt their strategies to remain competitive in the evolving AI landscape, particularly as open-source models allow startups to leverage similar capabilities at lower costs [25][26].

要持续做大电商盘子，提升物流时效是重要基础。 正是因此，Shopee 作为东南亚市占最高电商平 台，今年将本地化履约作为核心任务之一。 所有出海生意，都值得用本地化做一遍。 人均 GDP 5000 美元是消费升级的分水岭，一旦跨过，消费结构就开始从生存型向发展型升级。 中国在 2008 年人均 GDP 超过 3000 美元，一年后汽车销量突破 1364 万辆，首超美国成为全球最大 汽车市场； 2011 年，中国人均 GDP 超过 5000 美元，互联网黄金十年开启，新东方、学而思开始年 均 30% 以上的营收增长，三亚、丽江等目的地旅游收入十年间增长超 15 倍。 现在，东南亚六国也正站在消费升级的前夜。菲律宾、越南、印尼人均 GDP 已经超过 4000 美元、泰 国近 8000 美元、马来西亚过万美元，新加坡更是达到 8.4 万美元。这里年轻人占比位于全球前列， 也更敢花钱。据 Euromonitor 数据，除新加坡外的东南亚五国，2023 年人均消费支出占可支配收入比 例都超过 85%。 东南亚已经不再是几年前国内许多人印象中 9.9 元商品遍地的市场。这里的年轻人没怎么经历过 PC 时代，直接进入移动互 ...

Core Viewpoint - The automotive industry is shifting its focus from marketing hype to product technology and user value, marking a turning point for the Shanghai Auto Show [2][18]. Group 1: Event Overview - The 2025 Shanghai Auto Show experienced a decline in initial media day traffic compared to previous years, with the peak attendance occurring during the public days, attracting over one million visitors during the extended May Day holiday [2]. - Historical automotive exhibitions emphasize product display and technical exchange, as seen in events like the Munich and Paris auto shows, which cater to both industry professionals and the public [2]. Group 2: Industry Dynamics - The number of new automotive brands has significantly decreased, with only four original new car manufacturers remaining prominent: Li Auto, NIO, Xpeng, and Leap Motor, while traditional automakers have gained more visibility at the auto show [6]. - Traditional automakers are leveraging their advantages in large-scale manufacturing, supply chain stability, and cost control, which have become critical in a turbulent industry [8]. Group 3: Technological Advancements - The industry is moving towards a more realistic portrayal of technology, with companies focusing on demonstrating their core technologies rather than relying on marketing jargon [9][13]. - The introduction of stricter safety standards for electric vehicle batteries, such as the new national standard GB38031-2025, emphasizes the importance of battery safety and performance [10][11]. Group 4: User Experience and Innovation - Companies are increasingly prioritizing user experience and practical innovations, with several brands announcing plans for L3 conditional autonomous driving vehicles [15]. - The development of line-controlled chassis technology is set to enhance vehicle performance and safety, allowing for better maneuverability and response times [17].

极氪将回归吉利汽车。 吉利汽车今天公告称，计划完全收购并私有化极氪。吉利目前已拥有极氪约 65.7% 的股份，还想买 下剩余的所有股份。吉利愿意为此支付的价格是每股美国存托股票 25.66 美元，比极氪在纽交所昨 天收市时的股票价格高出约 13.6%，比极氪最近 30 个交易日的成交量加权平均价格高出 20%。如 果这项收购完成，极氪将成为吉利的全资附属公司，实现私有化并于纽交所退市。 吉利称，此举是进一步落实《台州宣言》，聚焦汽车主业，提升资源利用效率，深化品牌协同的重 要步骤。去年 9 月，吉利控股集团董事长李书福公布《台州宣言》，称吉利要从战略扩张转向战略 聚焦和战略整合，全面梳理吉利各业务板块，推进内部资源深度整合和高效融合，进一步明晰各品 牌定位，理顺股权关系，减少利益冲突和重复投资，提高资源利用效率。今年 2 月，极氪完成对于 吉利子品牌领克的收购及注资事项，领克成为极氪非全资附属公司。 李想称，理想以后要走人工智能的无人区。 理想汽车自制的 AI TALK（第二季）今天上线，这是继去年 12 月推出 AI TALK 后，理想汽车 CEO 李想再次系统性阐述他对 AI 研发及落地应用的最新看法。我 ...

Core Viewpoint - Xiaohongshu is shifting its focus from "grass planting" to "direct grass planting," aiming to enhance the conversion effectiveness for merchants and brands through strategic partnerships and a more integrated approach to e-commerce [1][2]. Group 1: Business Strategy and Partnerships - Xiaohongshu's new goal is to connect various merchants and brands with different characteristics to facilitate growth through the platform [1]. - The strategic cooperation with Taobao and Tmall aims to create a seamless link from "grass planting" to purchase, enhancing the overall conversion process [1][2]. - The "Xiaohongxing" program has shown a 20% increase in click-through rates and a 109% increase in interaction rates for Taobao and Tmall brands on Xiaohongshu [2]. Group 2: Market Trends and Consumer Behavior - The shift in consumer behavior towards online shopping has led to a focus on low-price strategies, resulting in increased pressure on brands to offer discounts [3]. - The oversupply and homogenization of products have made traffic on major platforms increasingly expensive, prompting merchants to seek alternative strategies [3][4]. - Xiaohongshu's approach emphasizes the importance of genuine user engagement and community-driven content, which has proven to be more effective than traditional advertising methods [4][5]. Group 3: Product Development and Innovation - Brands are increasingly focusing on niche markets and specific consumer needs, leading to the emergence of "lifestyle e-commerce" on Xiaohongshu [6][7]. - The platform allows brands to gather feedback directly from users, enabling them to refine their products based on real consumer demands [6][7]. - The case of HeYou Furniture illustrates how brands can successfully adapt their offerings based on community insights, leading to significant sales growth [7]. Group 4: Community Engagement and User-Generated Content - Xiaohongshu promotes a "flow equity" model, giving more exposure opportunities to smaller influencers, which reflects deeper emotional needs of users [8][11]. - The platform's design encourages user-generated content (UGC), allowing brands to connect with consumers in a more authentic manner [10][12]. - Xiaohongshu's commitment to maintaining a community-centric approach has resulted in a significant number of users expressing purchase intentions based on peer recommendations [12][13].

需求升级叠加技术下放，20 万级汽车市场再迎新变局。 "我们聚焦用户体验来定义产品，以 '体验至上、用户至上' 的精神，致力于为千家万户打造更高品质 的出行生活。"4 月 23 日，华为常务董事、终端 BG 董事长余承东在上汽集团上海车展战略发布会上 说。 这是华为和上汽首次联袂亮相上海车展，双方刚在不久前官宣重大合作项目——尚界。尚界是鸿蒙智 行的 "第五界"，也是首个定位 20 万元级主流市场、采用华为智选车合作模式的汽车品牌，今年 4 月 以来受到外界广泛关注。 余承东预测，尚界首款车上市后销量将 "大爆"，并要求上汽准备足够多的产能。上汽集团总裁贾健旭 则公开喊话 "All in 尚界"。他透露，上汽将拿出最好的资源支持尚界成功。目前，尚界已首期投入 60 亿元打造尚界超级工厂，组建超 5000 人尚界专属团队。 华为通过主导鸿蒙智行旗下各品牌的产品设计、定义，直接参与定价、营销及终端销售环节，已打造 出多款热销车型；上汽是中国连续 18 年新车销量排名第一的汽车集团，也曾长期位居中国车企出口 销量第一。伴随华为与上汽管理层在最近两周的频密互动，外界对于将在今年秋天上市的尚界首款车 型抱有期待，好奇此 ...

可灵的下一步：优先保证模型效果、聚焦专业生产者做渗透。 文 丨 高洪浩 《晚点 LatePost》独家了解到，快手在今日成立了可灵 AI 事业部。该事业部下设可灵 AI 产品 部、运营部和技术部，负责可灵、可图等系列大模型业务，快手高级副总裁盖坤担任可灵 AI 事业部负责人，继续兼任社区科学线负责人。 与此同时，社区科学线下成立基础大模型与应用部，负责 LLM 大模型、多模态理解大模型以 及应用技术研发。 调整后， 可灵 AI 将作为与主站、商业化、电商、国际化、本地生活并列的一级业务部门，向 快手董事长兼 CEO 程一笑汇报。这也是近 3 年时间里，快手唯一成立的独立事业部。 可灵与可图分别是快手自研的视频生成大模型与图片生成大模型。2025 年 3 月 25 日的快手财报电话 会上，快手 CEO 程一笑称，目前可灵 AI"图生视频" 功能的综合效果处于全球第一。 根据官方数据，自商业化以来至今年 2 月，可灵 AI 累计营业收入已超过 1 亿元。我们了解到，可灵 AI 今年前三个月的营收，已超过 2024 年下半年的总和。 一位快手人士称，AI 一直是快手的公司级战略，此次组织升级，意味着可灵 AI 在快 ...

晚点Auto . 从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 截至 4 月 29 日，赛力斯市值 2071 亿元，业内仅次于比亚迪和小米。 文 丨 曾兴 编辑 丨 龚方毅 以下文章来源于晚点Auto ，作者晚点团队 月初对外释放上市信号后，4 月 28 日，赛力斯申请港股主板上市，募资将用于技术研发、海外渠道扩 张及产能升级等。对于高速成长期的企业来说，港股二次上市是扩充融资渠道、增强抗风险能力的重 要途径。 当大多数同行还在亏损中，2024 年，赛力斯净利润 59 亿元，成为全球第四家年度盈利的新能源车 企。而赛力斯的崛起离不开华为——有时候，选择或许比努力更重要。 赛力斯成立近 40 年，2016 年全面转型新能源但未有起色，2021 年与华为以 "智选车" 模式推出问界 品牌后，才真正迎来爆发式增长。去年赛力斯销量 42.7 万辆，超过此前四年总和。其中，问界 M9 全 年累计交付超 15 万辆，在 50 万元以上的豪华市场中连续数月蝉联销冠。聚焦 25 万元级市场的问界 新 M7 全年交付 20 万辆。 高售价车型的畅销带动赛力斯毛利率同比提升 16.6 个百分点、至 23. ...

报道称微软再次放缓数据中心投资。 部分中国供应商按原价恢复向美国供货。 早前沃尔玛等美国大型零售商已经发出发货通知，愿意承担关税。据界面新闻报道，一些中国供应 商已经恢复向美国发货，仍按照加征关税之前的价格。但在竞争更激烈的服饰行业，有供应商收到 市场调研机构 Semianalysis 称，过去两个季度，微软放弃远超 2GW 的数据中心租赁合同。此外， 微软还在冻结 1.5GW 近期自建数据中心项目——这些项目原计划在 2025 年和 2026 年投入使用。 数据中心的功耗越大，算力越强。作为对比，马斯克旗下 xAI 建设的 20 万张 GPU 数据中心，功 耗大约 0.5 GW。该报告称，微软放缓数据中心投资与 OpenAI 转向与甲骨文合作、微软的 AI 服务 推广缓慢等因素有关。 保时捷称在华停售电动车是误读。 近日，有媒体报道称保时捷首席执行官奥博穆透露，"未来两到三年内，保时捷可能停止在中国市 场销售电动汽车。" 对此，保时捷 29 日在发给我们的回应中表示，"这是误读，保时捷在中国仍将 坚定不移地推进电动化进程，也将加快提供产品数智化本土解决方案。我们下一款纯电车型将是全 新的纯电动 Cayenn ...

京东、美团、阿里在新战场相聚。 文 丨 管艺雯 编辑 丨 黄俊杰 据我们了解，在 4 月的最后一天，阿里将淘天旗下即时零售业务淘宝 "小时达" 升级为淘宝 "闪 购"，先在 50 多个城市上线，并将在 5 月 6 日覆盖全国。 升级后，最重要的变化会集中在三个方面：消费者侧，淘宝闪购将联合饿了么共同补贴，规模 超过百亿元，提供免单、大额优惠券等；供给侧，饿了么的供给面向淘宝闪购全部开放，也包 括餐饮外卖，此外，结合淘天在品牌电商商家的优势，与它们的城市仓、线下门店合作设立品 牌即时零售旗舰店，目标是首先覆盖 200 家核心连锁品牌；组织侧，淘系内部所有和即时零售 相关的业务将由淘宝闪购全面负责，饿了么全力协同。 我们在去年底曾分析 ：做外卖的美团和阿里京东等电商公司，看似在不同赛道，但最终都会进入同一 个战场 —— 如今，这个战局已经到来。 美团从送外卖扩展到送酒送菜送衣服送电子产品，在全国招纳零售商家设置闪电仓。阿里和京东则试 图从远距离的全国电商配送拉近到一个城市内。现在即时零售一致变成了这三个零售平台的第二条增 长曲线，竞争变得直接、激烈。 据我们了解，淘宝闪购原计划 618 大促期间上线，五一假期开始 ...