【导读】腾讯混元推出首款开源混合推理模型，擅长Agent工具调用和长文理解 头部互联网公司旗下大模型加速开源。 6月27日，腾讯混元开源的首款混合推理MoE模型Hunyuan-A13B发布，该模型是业界首个13B级别的MoE开源混合推理 模型，其效果比肩同等架构领先开源模型。 开源模型灵活性、透明度和成本优势，为人工智能产业发展带来新机遇。今年年初DeepSeek出圈后，腾讯、阿里、字节 等头部互联网公司旗下大模型开源悄然加速。 腾讯混元开源首款混合推理MoE模型 *加粗为最高分，下划线表示第二名，数据来源于模型各个公开的测试数据集得分 在实际使用场景中，Hunyuan-A13B模型可以根据需要选择思考模式。快思考模式提供简洁、高效的输出；慢思考则涉 及更深、更全面的推理步骤，如反思和回溯。 Hunyuan-A13B模型对个人开发者较为友好，在严格条件下，只需要1张中低端GPU卡即可部署。目前，Hunyuan-A13B已 经融入开源主流推理框架生态，无损支持多种量化格式，在相同输入输出规模上，整体吞吐量是前沿开源模型的2倍以 上。 Hunyuan-A13B集合了腾讯混元在模型预训练、后训练等多个环节的创新技术 ...

业界首个13B级别的MoE（混合专家）开源混合推理模型，以小参数实现大智慧。 6月27日，腾讯混元宣布开源首个混合推理MoE模型Hunyuan-A13B。这一模型总参数为80B，但激活参数仅为13B，以小参数实现了比肩同等架构领先开源模型 的成绩，具有推理速度更快，性价比更高的优势。目前，该模型已经在Github和Huggingface等开源社区上线，同时模型API也在腾讯云官网正式上线，支持快速 接入部署。 开源业界首个13B级别的MoE混合推理模型 据腾讯介绍，Hunyuan-A13B是腾讯内部应用和调用量最大的大语言模型之一，有超过400个业务用于精调或者直接调用，日均请求超1.3亿。同时，这也是业界首 个13B级别的MoE开源混合推理模型，可以帮助开发者以用更低门槛的方式获得更好的模型能力。 在多个业内权威数据测试集上，Hunyuan-A13B与OpenAI的o1-1217、DeepSeek的R1-0120、Qwen3-A22B等模型的对比中表现出了不相上下的成绩。 | | | OpenAl-o1-1217 | Deepseek-R1-0120 | Qwen3-A22B | Hunyuan-A13B ...

Group 1 - Beijing Stone Century Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with joint sponsors being JPMorgan and CITIC Securities [2] - OmniVision Technologies, Inc. has also submitted a listing application to the Hong Kong Stock Exchange [3] - Shenzhen Dapu Microelectronics Co., Ltd. has become the first unprofitable company to have its IPO application accepted by the Shenzhen Stock Exchange [4] Group 2 - Xiaomi's founder Lei Jun stated that the orders for the Xiaomi YU7 exceeded their most optimistic expectations, but they will not disclose the 24-hour sales figures [6] - Xiaomi responded to rumors regarding a former director, clarifying that the individual was a kitchen worker and had never held a director position [6] - Dongfeng Nissan's executive apologized for inappropriate comments regarding Xiaomi YU7, stating he has reflected deeply and deleted the related content [6] Group 3 - Romoss and Anker have initiated recalls of certain batches of power banks, with Romoss recalling nearly 500,000 units and Anker recalling approximately 710,000 units [7] - Crocs faces a class-action lawsuit in the U.S. over its shoes' risk of shrinking and deforming under high temperatures, with claims that the company did not adequately disclose this defect [7] Group 4 - Intel's former CEO Pat Gelsinger discussed the difficulty of his resignation, indicating it was a decision made by a "third party" [8][9] - Ideal Automotive has restructured its sales system, with President Ma Donghui now fully responsible for R&D, supply chain, and sales [13] Group 5 - The new Anti-Unfair Competition Law will take effect on October 15, 2025, aiming to enhance market competition order and address new issues arising from rapid economic development [12] - Alibaba Group reported a revenue of 996.347 billion yuan and a net profit of 125.976 billion yuan for the fiscal year 2025, marking a 77% year-on-year increase [17]

开源模型灵活性、透明度和成本优势，为人工智能产业发展带来新机遇。今年年初 DeepSeek 出圈后，腾讯、阿里、字节等头部互联网公司旗下大模型开源悄然加速。 腾讯混元开源首款混合推理 MoE 模型 腾讯混元宣布开源首个混合推理 MoE 模型 Hunyuan-A13B ，总参数 80B ，激活参数仅 13B ，效果比肩同等架构领先开源模型，但是推理速度更快，性价比更高，这意味着，开发 者可以用更低门槛的方式获得更好的模型能力。 即日起，模型已经在 Github 和 Huggingface 等开源社区上线，同时模型 API 也在腾讯云官 网正式上线，支持快速接入部署。 【导读】腾讯混元推出首款开源混合推理模型，擅长 Agent 工具调用和长文理解 中国基金报记者 张燕北 头部互联网公司旗下大模型加速开源。 6 月 27 日，腾讯混元开源的首款混合推理 MoE 模型 Hunyuan-A13B 发布，该模型是业界 首个 13B 级别的 MoE 开源混合推理模型，其效果比肩同等架构领先开源模型。 据了解，这是业界首个 13B 级别的 MoE 开源混合推理模型，基于先进的模型架构， Hunyuan-A13B 表现出强大的 ...

Market Overview - On June 27, the Hang Seng Index fell by 0.17%, closing at 24,284.15 points, while southbound funds through the Stock Connect recorded a net purchase of HKD 30.37 billion [1][3]. Trading Activity - The total trading volume for the Stock Connect on June 27 was HKD 153.87 billion, with a net purchase of HKD 30.37 billion [1][3]. - The Shanghai Stock Connect had a trading volume of HKD 100.61 billion with a net purchase of HKD 2.93 billion, while the Shenzhen Stock Connect had a trading volume of HKD 53.26 billion with a net purchase of HKD 27.44 billion [1][3]. Active Stocks - In the Shanghai Stock Connect, Xiaomi Group-W had the highest trading volume at HKD 12.16 billion, followed by Guotai Junan International and Crown City Watch & Jewelry with trading volumes of HKD 5.72 billion and HKD 4.39 billion, respectively [1][2]. - In terms of net buying, China Construction Bank led with a net purchase of HKD 1.34 billion, despite its stock price declining by 1.11% [1][2]. - Xiaomi Group-W experienced the highest net selling amount of HKD 1.85 billion, while its stock price increased by 3.60% [1][2]. Shenzhen Stock Connect Highlights - In the Shenzhen Stock Connect, Xiaomi Group-W also topped the trading volume with HKD 6.61 billion, followed by Alibaba-W and Guotai Junan International with HKD 2.36 billion and HKD 2.04 billion, respectively [2]. - The highest net purchase was recorded for SMIC with HKD 473 million, and its stock price rose by 0.79% [2].

6月27日消息，今天上午举行的全球人工智能开发与应用大会上，腾讯云大数据基础产品中心总经理程 彬透露，腾讯云已经构建完善的"Data+AI"能力，今年下半年将发布数据智能体产品。 程彬表示，数据作为传统数据平台、AI大模型平台的共同"石油原料"，"Data+AI"不仅仅是数据的简单 叠加，更是深度融合与创新，实现从"让数据说话"到"与数据智能对话"的跃迁。 数据显示，2024年国内数据生产总量首次突破40ZB，达到41.06ZB，同比增长25%，增速较去年提高 2.56个百分点；人均数据生产量约为31.31太字节（TB），相当于1万多部高清电影，同比增长25.17%， 数据生产总量和人均产量实现同步跃升。 最新发布的《Data+AI下一代数智平台建设指南》报告显示，Gartner研究表明，非结构化数据占当今 组织数据的70%至90%。受生成式AI计划、多模态数据处理需求的爆炸式增长以及合规性压力的推 动，企业对非结构化数据管理的需求急剧增长。 因此，非结构化数据处理支出在数据管理总支出中所占的份额将越来越大。 随着AI大模型对于数据的需求增加，传统数据平台在应对生成式AI带来的新型数据需求时，正面临严 峻挑战 ...

Group 1: Market Activity - Significant net purchases were made in China Construction Bank (1.338 billion), SMIC (0.629 billion), BeiGene (0.209 billion), and others, while notable net sales were recorded for Xiaomi (3.252 billion), Alibaba (0.797 billion), and Tencent (0.770 billion) [1][4] - Southbound funds have continuously sold Tencent for 21 days, totaling 21.56904 billion HKD, while they have bought China Construction Bank for 13 consecutive days, totaling 9.35939 billion HKD [4] Group 2: Company Developments - Citigroup noted multiple catalysts that will accelerate investments from mutual funds and insurance companies into the stock market, benefiting large-cap ETFs and high-yield stocks, particularly Chinese financial institutions [5] - China National Medical Products Administration approved Innovent Biologics' application for the dual receptor agonist injection for long-term weight control in adults with obesity or overweight [5] - XPeng Motors is set to launch its new mid-size electric SUV, the XPeng G7, next week, with a pre-sale price starting at 235,800 CNY and over 10,000 orders within 46 minutes of pre-sale [5] - Xiaomi officially launched its high-performance SUV, the Xiaomi YU7, with three versions priced between 253,500 CNY and 329,900 CNY, achieving over 200,000 orders within three minutes of launch [5] - Alibaba reported a revenue of 996.347 billion CNY for the fiscal year 2025, with a net profit increase of 77% to 125.976 billion CNY, focusing on e-commerce and "AI + Cloud" as core growth areas [5]

| 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 小米集团-W(01810) | 66.11 亿元 | -14.02 亿元 | | 阿里巴巴-W(09988) | 23.56 亿元 | -5.19 亿元 | | 国泰君安国际(01788) | 20.42 亿元 | +6228.82 万元 | | 中芯国际(00981) | 14.82 亿元 | +4.73 亿元 | | 美团-W(03690) | 14.70 亿元 | -1.78 亿元 | | 冠城钟表珠宝(00256) | 12.06 亿元 | +1277.66 万元 | | 腾讯控股(00700) | 11.90 亿元 | -4977.11 万元 | | 信达生物(01801) | 9.75 亿元 | +1.42 亿元 | | 小鹏汽车-W(09868) | 9.61 亿元 | +1.02 亿元 | | 百济神州(06160) | 8.37 亿元 | +2.09 亿元 | | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 小米集团-W(01810) | 121.64 亿元 | ...

6月27日，腾讯混元宣布开源首个混合推理MoE模型 Hunyuan-A13B，总参数80B，激活参数仅13B，效 果比肩同等架构领先开源模型，但是推理速度更快，性价比更高。这意味着，开发者可以用更低门槛的 方式获得更好的模型能力。 这是业界首个13B级别的MoE开源混合推理模型，基于先进的模型架构，Hunyuan-A13B表现出强大的 通用能力，在多个业内权威数据测试集上获得好成绩，并且在Agent工具调用和长文能力上有突出表 现。 | | | OpenAl-o1-1217 | Deepseek-R1-0120 | Qwen3-A22B | Hunyuan-A13B | | --- | --- | --- | --- | --- | --- | | Mathematics | AIME2024 | 74.3 | 79.8 | 85.7 | 87.3 | | | AIME2025 | 79.2 | 70 | 81.5 | 76.8 | | | MATH | 96.4 | 94.2 | 94 | 94.3 | | Science | GPOA-Diamond | 78 | 71.5 | 71.1 | 71.2 | ...

智通财经APP获悉，6月27日港股市场，北水成交净买入30.37亿港元，其中港股通(沪)成交净买入2.93亿 港元，港股通(深)成交净买入27.44亿港元。 北水净买入最多的个股是建设银行(00939)、中芯国际(00981)、百济神州(06160)。北水净卖出最多的个 股是小米集团-W(01810)、阿里巴巴-W(09988)、腾讯(00700)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 小米集团-W HK 01810 | 51.57 乙 | 70.07 亿 | 121.64亿 -18.50亿 | | 国泰君安 ... | 27.59亿 | 29.64亿 | 57.24 乙 | | HK 01788 | | | -2.05 Z- | | 冠城钟表 ... | 22.75 乙 | 21.15 亿 | 43.90亿 | | HK 00256 | | | +1.60 亿 | | 阿里巴巴-W | 12.61 乙 | 15.39 亿 | 28.00亿 | | HK 09988 | | | -2.78 Z- | | 建 ...