Core Viewpoint - Intel's new CEO, Chen Lifeng, emphasizes the necessity of retaining corporate venture capital (CVC) despite initial plans to divest it, indicating a strategic pivot towards leveraging existing investments for future growth [3][12]. Group 1: Strategic Changes - Intel has initiated a significant restructuring under the new leadership, focusing on divesting non-core businesses, including the sale of its programmable chip division Altera for $8.75 billion, significantly lower than the $16.7 billion acquisition price in 2015 [2][3]. - The company plans to eliminate long-term investments that yield minimal returns, including a rumored layoff of 20,000 employees and the postponement of new factory construction in the U.S. [3][9]. Group 2: Corporate Venture Capital History - Intel Capital was established in 1991 during a challenging period for the company, aimed at expanding its technological capabilities through strategic investments [4][6]. - Over the years, Intel Capital has invested in over 1,800 companies, totaling more than $20 billion, with significant successes including investments in VMware, Broadcom, and Citrix [7][9]. Group 3: Recent Developments - Despite earlier plans to spin off Intel Capital, the company has decided to maintain it as a strategic asset, with plans to collaborate closely with the investment team to optimize the existing portfolio and pursue new investments that align with corporate health [12][13]. - The decision to retain Intel Capital comes amid a backdrop of significant losses, with a record quarterly loss of $16.6 billion reported in 2024, highlighting the need for a more cautious investment approach [9][10].

以下文章来源于东四十条资本 ，作者蒲凡 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 将投中网设为"星标⭐"，第一时间收获最新推送 风险投资，可以成为一门课吗？ 作者丨蒲凡 来源丨东四十条资本 风险投资是一份理性主导的工作吗？理论上，答案显然是肯定的，毕竟本质上风险投资诞生于成熟的市场经济，建立在复杂的 交易上，拥有大量的数学模型做支撑。 咱再说的实际点，风险投资的社会分工就是帮助人们实现"财富增值"。因此无论是基于自身欲望也好，还是基于对LP义务也 罢，完成一次风险投资，就是要学会看三张表、学会CFA、学会精确地洞察到潜在的会计异常，必须要有坚实的理性判断打 底。 不过放在风险投资史的角度上，这个答案似乎就变得不置可否了。似乎很少有其他行业，会像风险投资这样，有大量"意外""失 误"促成的投资案例。也很少有其他行业会像风险投资这样，头部的标杆人物，鲜有所谓的"科班"出身，他们学天文、学物理、 做媒体、学音乐，谈论"看人"的哲学，这些似乎都不妨碍他们在商业上获得巨大成功。 这是我自从加入投中以来的最大疑惑，也是我决定和王京对谈的原因。 王京是 ...

将投中网设为"星标⭐"，第一时间收获最新推送 巴菲特的最后一舞。 来源丨华尔街见闻 投资圈的年度盛会——伯克希尔-哈撒韦股东大会在5月2日拉开帷幕，北京时间2日周六晚9点进入大 会股东问答环节。 "股神"巴菲特再次全程参与，携他的CEO接班人——伯克希尔非保险业务的负责人阿贝尔（Greg Abel）以及保险业务负责人贾因（Ajit Jain）共同回答股东提问。 华尔街见闻总结的巴菲特股东大会要点如下： 1）关于贸易 "贸易不应成为武器 "，美国应寻求与他国进行贸易，做各自擅长的事。保护主义政策是一个"严重的 错误"。 2）关于美国 "财政政策是我在美国最担心的问题"，当政府采取不负责任的行动，货币的价值可能会"令人恐 惧"。 巴菲特暗示全力押注美国、支持美国例外论，称他最幸运的日子是出生在美国那天，美国是资本主义 的典范。 3) 关于日本 我们不会轻易在海外投资，除非我认为那是一个真正具备巨大潜力的机会。 打算继续持有日本商社的股票五六十年 。就算日本央行加息，他也不考虑抛售。 伯克希尔目前在日本的投资已达200亿美元，我甚至希望当初我们投资的是1000亿美元而不是200 亿。 4）关于美股 近期美股经历的" ...

将投中网设为"星标⭐"，第一时间收获最新推送 尽管浪潮掀起，融资困局仍然明显。 作者丨黎曼 来源丨 投中网 90后已经进入AI和机器人领域的核心区，00后正登上时代舞台。 你看，DeepSeek团队平均年龄不足30岁；马斯克旗下xAI团队核心成员平均年龄22岁，最小仅19 岁。宇树科技王兴兴是90年的，智元机器人彭志辉是93年，月之暗面杨植麟93年，松延动力姜哲源 是98年，星动纪元陈建宇92年，云鲸智能张峻彬90年…… 自2022年ChatGPT横空出世，到2025年DeepSeek系列大模型引发全球关注，人工智能技术以"月迭 代"的速度重塑了商业生态。这场技术革命不仅带来算力与算法的突破，更催生了近两年中国AI与机 器人领域的创业小高峰。 这一轮创业潮的显著特征是：方向高度聚焦于AI应用与机器人，而90后与00后成为主力军。 "这是时代赋予的红利"，正如90后创业者Wels所言："我很幸运赶上了三次技术革命——单机到互联 网，桌面到移动，以及现在的AI。" "AI爆了，一切就像是为我们准备的" "AI爆了，一切就像是为我们准备的。"今年春天，98年的AI创业者王轶带着项目频繁约见投资人， 百忙之中与我约见 ...

以下文章来源于东四十条资本 ，作者鲁智高 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 估值已达到68亿元。 作者丨 鲁智高 来源丨东四十条资本 智谱启动上市辅导后，又一家北京 AI 明星公司踏上 IPO 之路。 近日，滴普科技申请在港上市。在有华为和阿里背景的赵杰辉带领下，这家大模型人工智能应用解决方案提供商，在为百丽等 企业提供服务的过程中，三年收入超过 4 亿元。 与此同时，在高瓴、 IDG 资本、初心资本、五源资本、 BAI 资本、光源资本、招商局创新投资基金、临港科创投、上海人工 智能产业投资基金、浦银国际、兴业国信资管、银盛泰资本、国泰君安国际、交银国际、中航信托等支持下，滴普科技的估值 不到 4 年便达到 68 亿元。 华为前员工创业，打造出一家北京明星公司 对于赵杰辉而言，创业是一件顺理成章的事情。 从天津大学本硕毕业后，主修电气工程及其自动化专业的赵杰辉，于 2004 年加入华为从事路由器相关领域的工作。同年，杨 磊也成为华为的员工，做起了产品相关的工作。这番巧合，或许也为他们日后一起创业埋下伏笔。 2015 年，赵杰辉已经 ...

将投中网设为"星标⭐"，第一时间收获最新推送 你爱吃的零食，又要上市了。 在冲刺港股的过程中，三只松鼠并不孤单。 仅在2025年4月，东鹏饮料、卡游、遇见小面、溜溜果园、鸣鸣很忙、伯希和等一大批消费公司也都 纷纷来到港交所门前。与此同时，通过港交所聆讯的沪上阿姨和绿茶集团，离正式登陆港股也不远 了。 安徽前首富，打造出一个超级品牌 作者丨鲁智高 来源丨 投中网 三只松鼠又要上市了。 2019年7月在A股IPO后，这个超级品牌在安徽前首富章燎原的带领下，又于近日踏上赴港上市之 路。 凭借"三只松鼠"和"小鹿蓝蓝"等品牌，这家公司通过卖坚果、烘焙食品、零食组合、肉制品及干果等 休闲零食，一年的收入超过百亿元。 截至2024年底，章燎原持股40.37%，IDG资本持股4.2%，今日资本持股2%。长期的陪伴，也已经为 IDG资本和今日资本带来丰厚的回报。解禁以来，这两位股东共套现数十亿元。 移动互联网的浪潮，最终成就了三只松鼠。 2012年，章燎原发现电子商务存在巨大的机会。于是，他选择从詹氏食品总经理的位置上离开，同 时以休闲食品为重点发力方向，在安徽芜湖踏上创业之路。 有IDG资本、今日资本、峰瑞资本等投资者支持 ...

Core Viewpoint - 2023 is potentially the true year of AI application, with a strong focus on application-oriented development in the AI sector [2][8]. Group 1: OpenAI's Acquisition Strategy - OpenAI is negotiating to acquire AI coding tool Windsurf for approximately $3 billion, marking its largest acquisition to date and its first since raising $40 billion [1][9]. - Windsurf, previously known as Codeium, has raised over $200 million in venture capital and achieved a valuation of $1.25 billion in its last funding round [1][14]. - The acquisition reflects OpenAI's need to strengthen its position in the AI coding space amid increasing competition from companies like Google and Anthropic [10][11]. Group 2: Windsurf's Growth and Market Position - Windsurf has experienced rapid growth, with its annual recurring revenue (ARR) increasing by over 500% to reach eight figures, processing over 1 trillion tokens daily [7][17]. - The company has attracted 700,000 active developers and over 1,000 enterprise clients, including notable names like Anduril and Dell [7][17]. - Windsurf's unique "agent programming" approach significantly enhances developer productivity, with 90% of code generation performed by its AI, compared to 20%-30% for traditional tools [7][11]. Group 3: Founders and Team Dynamics - Windsurf's founders, Varun Mohan and Douglas Chen, transitioned from a focus on GPU virtualization to AI coding tools, recognizing the potential for significant impact in the software development landscape [4][5]. - The technical team comprises around 40% MIT alumni, fostering a culture of innovation and efficiency [6][11]. - The company maintains a lean operational structure, emphasizing the recruitment of highly skilled individuals to maximize productivity [11][17]. Group 4: Investment Returns and Market Valuation - Early investors in Windsurf are projected to see substantial returns, with the lead seed investor potentially earning over 115 times their initial investment if the acquisition is completed [13][16]. - Windsurf's current ARR is approximately $100 million, with a valuation of 30 times its ARR, indicating strong market optimism regarding its growth potential [17].

将投中网设为"星标⭐"，第一时间收获最新推送 只要创业者和投资人相信AGI的未来，行业就一定能做出来。 整理丨 杨博宇 来源丨 投中网 DeepSeek如何改变中国AI投资？具身智能距离清晰商业化还要多久？关于人工智能与人形机器人的 热门话题，吸引了众多资深投资人热烈讨论。 在 "第19届中国投资年会·年度峰会"上，投中网主编曹玮钰、红杉中国合伙人公元、云启资本合伙 人陈昱举行了一场别开生面的对谈，就当下AI与具身智能两大赛道进行了分享。 在陈昱看来，DeepSeek打破了美国AI叙事，对投资也有很多益处，美国投资人会对华人科技创业者 高看一眼。而具身智能将给十年后的世界显著的改变。他举了一个例子，随着平均年龄越来越渐长， 劳动力短缺，人们希望具身能够帮助我们养老，这就是社会对于具身智能最简单的诉求之一。 公元则从商业化的角度分析，今天的创业模式与互联网时代很大的不同在于，明确的商业化路线的重 要性已经让位于技术的颠覆创新。因为一个新模型能力的突破，用户可以瞬间转移。AI时代已经不再 像互联网时代，DAU和MAU这些指标和数据对企业而言有那么明显的领先优势。 "DeepSeek只打开一扇窗，六小龙远没到终局" ...

Core Viewpoint - Liu Liu Mei, a leading brand in the Chinese fruit snack industry, is preparing for a secondary IPO with a pre-IPO valuation exceeding 2.2 billion yuan, driven by its strong market position and innovative product strategies [2][12]. Company Background - Founded by Yang Fan, Liu Liu Mei has evolved from a small workshop to a major player in the fruit snack market, achieving annual sales of 2 billion green plums [2][4]. - Yang Fan's entrepreneurial journey began at the age of 19, leading to the establishment of Liu Liu Mei in 2006 after identifying a gap in the domestic market for processed green plum products [5][6]. Product Development and Market Position - Liu Liu Mei has maintained its position as the top brand in the Chinese fruit snack sector, with a market share of 4.9% in fruit snacks, 45.7% in natural jelly, and 7% in plum products as of 2024 [6]. - The company has diversified its product line, introducing the "Mei Dong" sub-brand, which generated 410 million yuan in revenue in 2024, accounting for 25.4% of total revenue [5][8]. Financial Performance - Liu Liu Mei's revenue grew from 1.174 billion yuan in 2022 to 1.616 billion yuan in 2024, with a compound annual growth rate of 17.2%, while net profit increased by 117.6% during the same period [8]. - The core product, dried plums, continues to contribute over 60% of total revenue, with the "Mei Dong" product line showing significant growth potential [8][9]. Capital and Investment - Liu Liu Mei has completed four rounds of financing, with notable investments from Sequoia China, which initially invested 135 million yuan in 2015 [11][12]. - The latest round of financing in June 2024, prior to the IPO, involved investments from Huazhang Fund and Xingnong Fund, raising the company's valuation to approximately 2.2 billion yuan [12]. Competitive Landscape - The company faces intense competition from major players like Three Squirrels and Good Products, which are expanding their product lines to include plum snacks [13]. - Liu Liu Mei's strategy includes high-end branding and market penetration through collaborations with retailers like Sam's Club and Hema, as well as leveraging social media for direct consumer engagement [9][13]. Future Strategy - The company plans to invest 500 million yuan to expand its production capacity for "Mei Dong," 300 million yuan for product development, and 200 million yuan to enter Southeast Asian markets [13]. - Liu Liu Mei aims to achieve 100% traceability in its green plum sourcing by 2027 as part of its ESG strategy [13].

以下文章来源于东四十条资本 ，作者纪佳文 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 将投中网设为"星标⭐"，第一时间收获最新推送 一场旷日持久的拉锯战。 事件的起因是，听证会上，美国司法部认为谷歌的搜索垄断地位可能延伸到AI领域，提出要求谷歌出售其Chrome浏览器，并 采取其他措施，以终结法官认定的其在在线搜索领域的垄断地位。 OpenAI第一个跳出来要买，因为收购Chrome的好处显而易见。正如特利说的那样，此举将使OpenAI 能够"提供真正令人难 以置信的体验"并"向用户介绍人工智能优先的浏览器是什么样子" 。此前有消息称，OpenAI计划开发新的网络浏览器，就在 去年，其还聘请了两位前谷歌的开发人员。 当然，感兴趣的不只是OpenAI ，AI搜索领域的独角兽Perplexity随后也表达了积极的收购意向。考虑到 Chrome在全球拥有 约 34.5 亿用户，占据了近三分之二的浏览器市场份额，任何有财力且寻求流量和分发入口的科技公司都会对这笔收购兴致盎 然。 但谷歌当然不打算卖。Chrome浏览器为谷歌提供了大量用户数据和流量，这 ...