以下文章来源于AGI接口 ，作者宋思杭 AGI接口 . AI卷起的财富风暴。 智谱闯关 出品｜虎嗅科技组 作者｜宋思杭 编辑｜苗正卿 头图｜视觉中国 今天，再过一个半小时，即将迎来"全球大模型第一股"。 而这个"第一股"，诞生在中国。 根据公开信息，智谱将于 1 月 8 日正式在港交所主板挂牌上市，股票代码为 2513，由中金公司担任独家保 荐人。本次 IPO，智谱计划发行 3741.95 万股 H 股，发行价为每股 116.20 港元，对应募资总额约 43.48 亿港元，上市后市值预计超过 511 亿港元。另据市场消息，其公开发售部分获得约 1164 倍超额认购。 在 2022 年 ChatGPT 引爆全球大模型浪潮之后，智谱一度将自己标榜为"中国版 OpenAI"。但在今天这个 时间点，我们并不打算再去拆解智谱与 OpenAI 之间的相似或差异，而是试图回答另一个更宏观的问题： 在此时此刻，智谱上市，或者说港股迎来"全球大模型第一股"，究竟对 AI 行业与资本市场意味着什么？ 与其他几家在 2022 年之后集中成立的大模型独角兽不同，智谱进入这一赛道的时间要早得多。2019 年， 在大模型尚未成为行业共识 ...

Group 1 - The U.S. President Trump has directed the country to withdraw from 66 international organizations that are deemed "not in the interest of the U.S." [2][3] - The memo mandates all administrative departments and agencies to cease participation and funding for 35 non-UN organizations and 31 UN agencies [3]. Group 2 - The founder of Prince Group, Chen Zhi, has been arrested in Cambodia and sent back to China for investigation [4]. - U.S. stock indices closed mixed, with the Nasdaq up 0.16% while the S&P 500 and Dow Jones fell by 0.34% and 0.94%, respectively [5]. - Google’s market capitalization reached $3.89 trillion, surpassing Apple’s $3.85 trillion for the first time since 2019 [5]. Group 3 - OpenAI has launched a new ChatGPT Health mode aimed at providing a dedicated space for health-related conversations, expected to roll out to users in the coming weeks [7]. - AMD is preparing to revive its older AM4 platform products in response to soaring DDR5 memory prices and ongoing chip shortages [8]. Group 4 - IKEA China plans to close seven stores starting February 2, 2026, while planning to open over ten smaller stores within two years [12]. - The State Administration for Market Regulation and the National Internet Information Office have jointly issued regulations to prevent platforms from using big data to exploit consumers [13][14]. Group 5 - The major shareholder of Mao Geping Cosmetics plans to reduce holdings, potentially cashing out over 1 billion yuan [15][16]. - Sanya's market supervision bureau is investigating complaints about high-priced seafood restaurants and has promised strict action against any violations [17][18]. Group 6 - Nestlé has initiated a precautionary recall of certain infant formula products in China due to supplier issues in Europe, although no adverse reports have been received [24]. - ByteDance has denied rumors of collaborating with car manufacturers to produce vehicles, stating there are no such plans [28]. Group 7 - The People's Bank of China will conduct a 1.1 trillion yuan reverse repurchase operation on January 8 to maintain liquidity in the banking system [29]. - Alibaba Cloud is set to showcase AI-integrated smart hardware, indicating a shift of AI technology from cloud to end-user applications [30]. Group 8 - Xpeng Motors is set to launch the 2026 models of G6 and G9, which are expected to feature the self-developed Turing AI chip with 2250 TOPS of effective computing power [31][33]. - Lenovo's CEO has emphasized that hybrid AI will be the ultimate path to making AI more accessible, marking a significant advancement in AI deployment [34].

Core Viewpoint - The article discusses the underestimated potential of cultural export from China, using Japan's successful cultural export history as a reference point for future opportunities in the Chinese market [4][5]. Group 1: Cultural Export and Employment in Japan - Japan's cultural content industry achieved overseas sales exceeding 6 trillion yen in 2024, making it the second-largest export industry after automobiles [7]. - The cultural export sector has contributed over 15% to Japan's GDP, providing significant employment opportunities and alleviating job difficulties post-economic bubble [7][9]. - The rise of inbound tourism has seen a tenfold increase over 20 years, contributing over 4% to Japan's economy and creating nearly one million jobs [9][10]. Group 2: Stages of Japanese Cultural Export - Japan's cultural export success unfolded in three stages: the initial single product export phase, the cultural ecosystem export phase, and the global premium phase [10][18]. - The first stage involved single product exports, where anime and video games broke into global markets, exemplified by the success of "Dragon Ball" and Nintendo's gaming consoles [12][14]. - The second stage, initiated in 1996, focused on creating a cultural industry ecosystem, leading to the development of brands and sustainable IP strategies, as seen with the Pokémon franchise [19][21]. Group 3: Implications for China's Cultural Export - China is at a critical juncture for cultural export, with significant growth in single product exports but facing intense competition and market saturation [26][28]. - The article suggests that China can learn from Japan's experience, particularly in moving beyond single product exports to a more integrated cultural ecosystem that benefits a broader population [25][27]. - The potential for a long-term cultural export boom in China is emphasized, with expectations of a transformative impact on many lives over the next decade [28].

Core Insights - The article discusses a significant shift in consumer behavior from "material" to "human" and from "satisfying needs" to "creating meaning" as the market evolves towards 2026 [5][10] - The Z generation is redefining consumption by asserting their identity through purchasing decisions, moving from passive acceptance to active definition of their consumer behavior [8][10] Group 1: Key Consumer Trends - By the third quarter of 2025, service consumption accounted for 46.8% of total household consumption expenditure in China, with service retail growth outpacing goods retail [8] - The shift from "physical" to "service" consumption reflects a deeper change in consumer logic, focusing on experiences and relationships rather than just products [8] - The rise of "human touch" in marketing is favored over the overly polished "AI technology feel," as brands that connect emotionally with consumers are more successful [13] Group 2: New Symbols of Consumption - Traditional luxury brands are facing revenue declines, while emerging brands like "Shanxiaoyou Song" and "Pop Mart" are gaining popularity among younger consumers [17][18] - Young consumers are creating a new social currency through "new symbols," challenging the authority of previous generations' consumption symbols [18] Group 3: Search for Meaning - The previous generation's clear life path has become obsolete for younger consumers, who are now exploring personalized definitions of a meaningful life [20] - A significant portion of young people engage in "mystical consumption" as a way to cope with stress and anxiety, with 60% having tried AI fortune-telling [21][23] Group 4: Companionship and Connection - As loneliness becomes more common, consumption is increasingly seen as a way to alleviate this feeling, with AI companionship applications seeing a 64% increase in spending [27][29] - Young women are particularly drawn to gaming as a form of companionship, with female gamers now making up nearly half of the gaming population in China [28] Group 5: Positive Consumption - Consumers are increasingly seeking to celebrate small achievements and find joy in everyday life, with 79.2% believing that daily life needs a sense of ritual [31][34] - The trend indicates a shift in consumer motivation from "what do I need" to "what makes me happy," reflecting a deeper psychological need for affirmation [34][35] Conclusion - The consumer market in 2026 is transitioning from transactional to relational consumption, emphasizing connections and meaning over mere product functionality [43][44] - The evolving landscape suggests that future competition will focus on creating meaningful connections rather than just competing on product features [44][45]

Core Viewpoint - China Ping An's stock price has surged recently, reaching over 70 yuan, with a market capitalization exceeding 1.3 trillion yuan, marking a significant recovery from its low in 2022 and approaching its historical high from 2020 [2][3]. Group 1: Stock Performance and Market Sentiment - The stock price of China Ping An has shown a remarkable increase of 160% from its low of 28.54 yuan in October 2022, and it is now close to its historical high of 82.60 yuan [2]. - In 2025, China Ping An's stock performance was notably strong, particularly in the fourth quarter, with a 25% increase compared to the third quarter, outperforming the overall market [3]. - Morgan Stanley has included China Ping An in its core recommendation list, raising its target price for A-shares from 70 yuan to 85 yuan and for H-shares from 70 HKD to 89 HKD [3]. Group 2: Business Challenges and Risks - Despite the positive stock performance, China Ping An faces challenges, including ongoing disputes with Huaxia Happiness, where it is a significant shareholder and creditor, leading to legal actions due to unresolved debt restructuring issues [4][5]. - The market, however, seems to overlook these challenges, as evidenced by the substantial capital inflow into the stock, with nearly 100 billion yuan invested in the CSI A500 ETF, of which China Ping An is a major component [6]. Group 3: Fundamental Changes and Strategic Focus - China Ping An is undergoing significant changes in its business strategy, focusing on core financial services and healthcare, while scaling back on loss-making technology ventures [10][11]. - The company is enhancing its competitive edge in life insurance and healthcare by integrating services and optimizing its product offerings, particularly in the areas of medical care and elderly care [11][12]. - Organizational changes are being implemented to foster a younger and more professional workforce, with key leadership positions being filled by younger executives [11]. Group 4: Financial Performance and Investment Strategy - In terms of financial performance, China Ping An reported a net profit of 1,328.56 million yuan for the first three quarters of 2025, with an 11.47% growth rate, although this was the lowest among its peers [17]. - The company has adopted a conservative investment strategy, focusing on fixed-income assets while increasing its allocation to equities, particularly high-dividend stocks in the banking sector [22][27]. - The investment performance has improved, with a non-annualized comprehensive investment return rate of 5.4% for the first three quarters of 2025, reflecting a shift towards a more stable investment approach [22][23]. Group 5: Market Position and Competitive Landscape - China Ping An is recognized as one of the most competitive companies in the insurance sector, with strong capabilities in product development, distribution channels, and technology application [38]. - Despite its strengths, the company does not significantly outperform other leading firms in the industry, which limits its ability to capture additional market share [38]. - The insurance market is expected to continue growing, driven by long-term trends such as aging demographics and increasing demand for wealth management and healthcare solutions [36].

Core Viewpoint - The article emphasizes the urgency of the threat posed by the advancement of Physical AI, as represented by NVIDIA, which is pushing AI into real-world manufacturing, potentially reviving the U.S. manufacturing sector and diluting China's engineering and skilled labor advantages [7][20]. Group 1: NVIDIA's Strategy and Physical AI - NVIDIA's CEO Jensen Huang's keynote at CES focused on reducing the development costs of Physical AI, which is essential for AI factories [10][20]. - Physical AI enables autonomous systems to perceive, understand, reason, and perform complex actions in the physical world, contrasting with generative AI that primarily processes language [13][14]. - The training costs for Physical AI are significantly higher than for generative AI due to the complexity of understanding real-world physics [15][16]. Group 2: Technological Advancements and Implications - The introduction of the Vera Rubin platform by NVIDIA significantly enhances inference performance, reducing costs to one-tenth of the previous generation, which will decrease the demand for GPUs in AI enterprises [19][20]. - The Cosmos model allows for pre-trained multimodal models that facilitate the development of Physical AI, enabling virtual training for robots without the need for real-world trials [19][20]. Group 3: Competitive Landscape and Market Dynamics - NVIDIA's shift from a GPU supplier to a competitor in the autonomous driving market poses a significant threat to existing players, particularly in China's emerging electric vehicle sector [22][24]. - The collaboration between NVIDIA and companies like Mercedes for smart driving cars indicates a strategic move to integrate AI systems into manufacturing, potentially disrupting the industry [22][25]. Group 4: Future Directions and Recommendations - The article suggests that China must enhance its AI infrastructure investment to match the U.S. dominance in computational power and data centers, which currently sees the U.S. holding over 70% of global computing power [32][33]. - The need for a unified approach within China's AI industry is highlighted, emphasizing the importance of collaboration to develop competitive alternatives to NVIDIA's Physical AI [31][32].

Core Viewpoint - Intel is undergoing significant restructuring under CEO Pat Gelsinger, focusing on cost-cutting, strategic partnerships, and technological advancements to regain competitiveness in the semiconductor industry, particularly in the AI sector [5][6][7]. Group 1: Cost-Cutting and Restructuring - Since taking office, CEO Pat Gelsinger has implemented aggressive cost-cutting measures, including laying off approximately 20,000 employees, which is over 200 per day, to streamline operations and improve efficiency [10][11]. - By the end of September 2025, Intel's workforce was reduced to 88,400 from 124,100 in December 2024, reflecting a significant downsizing effort [10]. - The company recorded over $1 billion in restructuring and severance costs in Q2 2025, with ongoing costs impacting financials [11]. - Intel's operational expenses decreased to $4.4 billion in Q3 2025, down from $5.4 billion in the same period the previous year, indicating improved financial discipline [13]. Group 2: Strategic Partnerships and Investments - Intel secured $8.9 billion in government investment, becoming a strategic asset for the U.S., which enhances its market position and access to resources [16][17]. - Notable investments include $5 billion from NVIDIA for collaboration on integrated GPU technology and $2 billion from SoftBank, which may leverage Intel's foundry services for AI infrastructure [18][19]. - As of Q3 2025, Intel's cash and short-term investments totaled $30.9 billion, providing substantial operational flexibility [19]. Group 3: Technological Advancements - Intel is focusing on the 18A process technology, which is critical for its future competitiveness, marking a significant step towards closing the gap with competitors like TSMC and Samsung [27][30]. - The 18A process is expected to support two key products: Panther Lake for consumer PCs and Clearwater Forest for data centers, both aimed at enhancing AI capabilities [35][38]. - Initial production yields for the 18A process are estimated between 55% and 65%, which is sufficient for internal use but not competitive for external orders, highlighting a critical challenge for Intel's foundry business [32][34]. Group 4: Ongoing Challenges - Despite restructuring and investment, Intel's foundry services continue to face significant losses, with Q3 2025 revenues of $4.2 billion but operating losses of $2.3 billion, indicating ongoing operational difficulties [20][23]. - The company has yet to secure major external clients for its foundry services, which is essential for achieving profitability by 2027 [23][24]. - The dual role of CEO Gelsinger as an investor raises potential conflicts of interest, complicating governance and strategic decision-making [40][41].

Core Viewpoint - Gaode has evolved from a navigation tool to a life service hub, effectively answering the question of "where to go" rather than just "how to get there" [2][22] Group 1: Gaode's Transformation - The launch of the "Gaode Street Ranking 2026" marks a significant upgrade, introducing a dynamic ranking system based on user behavior and AI technology [2][19] - Within 100 days of its launch, the Gaode Street Ranking accumulated over 660 million users, with participating merchants seeing revenue growth of over 270% and order volume growth exceeding 330% [2][22] - The app's monthly active users increased by 46 million in a single month, reaching a total of 996 million [2] Group 2: User Engagement and Trust - The ranking system operates on a "real behavior" basis, where rankings are generated from actual user visits rather than paid promotions, enhancing its credibility [6][20] - The daily active users of the Street Ranking surpassed 70 million, indicating a shift in user habits towards relying on Gaode for real-time recommendations [6][20] - Users are now more inclined to explore local, authentic dining options rather than chasing trendy spots, reflecting a deeper trust in the platform [6][20] Group 3: Expanding Features and Personalization - The Street Ranking has expanded beyond dining to include various seasonal and regional activities, creating a dynamic ranking system that resonates with users' lifestyles [8][15] - The integration of social recommendations allows users to see ratings from friends and peers, enhancing the decision-making process [11][15] - The "My Ranking" feature enables users to create and share personalized lists, further enriching the platform's community aspect [15] Group 4: Bridging Online and Offline Experiences - The introduction of the "World Model" and "Flying Street View" aims to bridge the gap between online information and offline experiences, allowing users to visualize locations before visiting [17][19] - This immersive experience transforms decision-making from guesswork to informed choices, enhancing user confidence in their selections [19][20] - The combination of real behavior data and AI technology positions Gaode as a comprehensive life service platform, effectively connecting users with their real-world needs [23]

以下文章来源于差评X.PIN ，作者脖子哥 归根结底，车机屏幕和隐藏式门把手不一样，既没破圈的舆论与事故，也没法证明和驾驶安全强相 关。 Debug The World，关注科技、数码、汽车、产经、游戏，传播能改变世界的科技互联网信息。 本文来自微信公众号： 差评X.PIN ，编辑：脖子右拧&面线糊君，作者：脖子哥 不知道大伙觉得汽车上的实体按键应该存在吗？ 你可能会说："这不是废话吗，肯定要的呀"。 即便保留了实体按键，也就是个换挡拨杆或者是音量旋钮，连空调温度调节都没了。 差评X.PIN . 但是我们纵观现在发的新车，别说新能源车了，甚至是燃油车，BBA这些老家伙，都在尽力把功能 集成到屏幕里。 各车企就还是那副调调：你骂任你骂，我改我不改。 所以，车企们没啥动力去改这个。 但是，最近华盛顿大学的研究团队在UIST(用户界面软件与技术研讨会)上公布了一项研究。 他们量化了操作车机屏幕、驾驶员一心多用与安全的关系，并证明了操作车机屏幕确实会影响到行车 安全，一时间得到了不少关注。 这个UIST可不是什么野鸡论坛，是国际计算机协会旗下的会议，也是国内认证的A类会议，有着谷 歌、苹果、华为等多个知名企业赞助，产 ...

以下文章来源于波波夫同学 ，作者波波夫 波波夫同学 . 关注被技术异化的世界 本文来自微信公众号： 波波夫同学 ，作者：波波夫，题图来自：视觉中国 婚姻和商业一样，魔鬼总是在细节之中。 最初，有机敏的网友发现田朴珺的微博删除了大量与王石的合影。之后，在元旦祝福中，田朴珺发布 的是个人单人海报，且互动中未见王石身影，与往年两人高调秀恩爱的风格形成反差。 又有人发现2025年下半年两人出席活动时"坐位隔开、全程零交流"的视频。随着猜测升级，网上开 始出现各种真假难辨的消息：有传闻称两人已在商业领域完成资产清算和切割，仅剩极少数关联公 司。甚至流传出一份所谓的"离婚声明"。 2012年田朴珺在微博晒出一锅王石做的"笨笨红烧肉"，曝光了这段颇受争议的忘年恋情。2018年， 王石在颁奖典礼上以"谢谢我的妻子田朴珺"正式公开身份。2024年初，王石曾公开承认两人育有一 个女儿，2025年两人也曾合体发布带娃视频。 源于社交平台的种种细节猜测，最终由田朴珺本人以"假的"二字直接辟谣。 假作真时真亦假，无为有时有还无。在2026年的今天，中国社会对多元生活方式的包容度比十多年 前已经大幅提高，而且网络对于这段恋情、特别是对王 ...