Group 1 - The Chinese central bank announced a reverse repurchase operation of 800 billion yuan to maintain liquidity in the banking system, with a term of 3 months [2] - The Shanghai Stock Exchange reported a significant increase in new A-share accounts, with 4.9158 million new accounts opened in January 2026, a month-on-month increase of approximately 89% and a year-on-year increase of about 213% [2] - The Paris prosecutor's office conducted a search of the office of the social media platform X, owned by Elon Musk, as part of an investigation into cybercrime [3] Group 2 - Major U.S. stock indices experienced declines, with the Dow Jones down 0.34%, S&P 500 down 0.84%, and Nasdaq down 1.43%, nearly erasing gains made since the beginning of the year [3][4] - Large technology stocks faced pressure, with Nvidia down 2.84%, Microsoft down 2.87%, and Amazon down 1.79% [4] - The Nasdaq Golden Dragon China Index fell by 0.94%, with Alibaba down 2.81% and Tencent Holdings ADR down 3.33% [4] Group 3 - Commodity markets saw a rebound in gold and silver prices after two days of significant declines, with spot gold rising 5.2% to $4,906.82 per ounce [5] - Crude oil prices slightly rebounded, with WTI crude oil futures increasing by 1.72% to $63.21 per barrel [5] - Several companies announced significant developments, including a change in controlling shareholder for Jiatang and a fundraising plan for Xuguang Electronics [5]

小米集团-W、名创优品、金山软件……2月3日，港交所披露易网站被回购公告刷屏，逾30家港股公司 先后发布公告称，于当日入市回购了自家股。2026年以来，港股主要指数高位震荡，上市公司纷纷出手 回购，向市场传递积极信号。Wind数据显示，截至2月3日，今年以来已有超过120家港股公司实施回 购。其中，腾讯控股、小米集团-W及舜宇光学科技等公司回购金额超过10亿港元。天爱资本投资总监 杜先杰在接受记者采访时表示，当前股份回购力度较大的港股公司，多为业绩优良、现金流充裕、资本 市场形象良好的企业。这些企业领衔持续"大手笔"回购，既为港股市场走稳提供支撑，也印证了当前市 场整体仍稳中向好。（上证报） ...

腾讯官方数据显示，2025年，微信生态短剧主体增长超31%，收入破千万的公司超90家，真人短剧数量 近30万部，漫剧上架增长达惊人的3380%，成为增长最快的细分赛道。此外，2025年视频号上线原生短 剧后，一个季度的时间，日流水从0突破千万级，多部短剧收益突破百万，播放量破亿。 虽然与红果相比，微信生态短剧体量还很小。但它的想象空间在于，拥有互联网第一用户规模的微信， 如果按照抖音流量灌溉的方式发力短剧，很容易复制出另一个红果，它的业务上限会很高。 微信生态短剧未来能否颠覆行业格局，暂时先打个问号。眼下，微信短剧生态是否完善，谁在微信短剧 生态掘金？除了90多家收入破千万，其他玩家真实收益如何？ 自2024年红果跻身行业第一至今，短剧行业格局已经很长时间趋于稳定。 断层式领先的红果，几乎集行业所有高光于一身，爱奇艺、优酷、腾讯视频、B站、百度、小红书等其 他玩家，鲜少诞生破圈的爆款短剧，业务规模也常常比较隐秘。 进入2026年，拥有14.14亿月活跃用户的微信，似乎成了短剧行业的一个新变量。1月中旬的微信公开课 上，腾讯主动对外披露了一些数据，外界得以窥见微信短剧增长态势。 微信短剧大多为老剧，版方收入几十 ...

以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 2025 年 12 月 用心打造最有品质的实战研学。读万卷书，行万里路。把教室搬到世界上最优秀的企业， 请最优秀的企业家和科学家讲课。顺势而为，把握机遇。正心正念，坚持做长期正确的 事！ 我们期待与更多的企业家朋友们携手同行，共赴 2026 实战研学之旅！ 泽 ZEP 平 INGM 宏 ACR 观 O RE 商 SEAR 学 CH 1-6月日程安排 · 2月27日 北京 国内头部智驾科技企业 人形机器人 年研学安 型成 11月4日-11日 洛杉矶、拉斯维加斯、旧金山 CES、英伟达、特斯拉 谷歌、罗宾汉、playground 斯坦福大学、伯克利大学 3月27日-28日 苏州 追觅科技、魔法原子、灵猴机器人 闭门投研会-2026 Al 的中国力量(一) 3月29日 上海 长三角校友会 4月20日-21日 香港 2026 香港 Web3 嘉年华 复星财富、HashKey、港交所 5月22日-23日 1151 11:47:50 深圳 华为、新凯来、江波龙、莫界科技 闭门投研会—2026 Al 的中国力量(二) ...

Group 1 - OpenAI launched a macOS desktop version of Codex, designed as an "AI agent command center" that supports multi-agent parallel work through a "work tree" mode to isolate code changes for different tasks [1] - The application features asynchronous background operation, a skill system, and scheduled automation tasks, with a built-in sandbox for precise AI permission management; the CEO stated that a complete project was accomplished solely with Codex [1] - OpenAI temporarily doubled rate limits for all paid users for two months and opened Codex access to free users, directly competing with Anthropic and Cursor [1] Group 2 - Zhipu released and open-sourced the GLM-OCR model, achieving a state-of-the-art score of 94.6 on OmniDocBench V1.5 with only 0.9 billion parameters, closely rivaling Gemini-3-Pro [2] - The model specializes in challenging scenarios such as handwriting, complex tables, code documents, and seals, supporting deployment via vLLM, SGLang, and Ollama, with an API price of only 0.2 yuan per million tokens [2] - Technically, it employs a self-developed CogViT visual encoder and introduces multi-token prediction loss into OCR training, enabling batch processing and retrieval-augmented generation [2] Group 3 - Tencent's Hongyuan Technology blog launched, presenting research results from Yao Shunyu's team on CL-bench, revealing that current state-of-the-art models have significant deficiencies in learning from context [3] - Evaluation shows that the average of ten state-of-the-art models only solves 17.2% of tasks, with the best model, GPT-5.1, achieving only 23.7%, and 68.5% of candidate solutions contain fundamental errors [3] - The research indicates that the focus of AI competition will shift from model capability to "who can provide the richest context," with memory mechanisms potentially becoming a core research theme by 2026 [3] Group 4 - xAI officially released the Grok Imagine 1.0 video generation model, supporting text-to-video and image-to-video generation, capable of producing 10 seconds of 720P video per instance with significantly improved audio effects [4] - The model features cinematic-level camera understanding and natural interaction among multiple subjects, ranking first in the Artificial Analysis text-to-video category with optimal latency and cost metrics [4] - During the 30-day testing period, 1.245 billion videos were generated, and the API has been released with free access on the official website [4] Group 5 - Tencent's ima integrated the Hongyuan Image 3.0 model, enabling users to upload photos to generate creative content across multiple scenarios, such as travel images, home decoration effects, and four-panel comics [5][6] - The product can be utilized for entertainment, custom family photos, rapid design draft generation, and medical science popularization illustrations [5][6] Group 6 - Adobe announced the discontinuation of its 25-year-old Animate software, with enterprise customers receiving three years of support and other users only one year, after which access to any files will be lost [7] - Adobe did not provide a suitable replacement, merely suggesting After Effects and Adobe Express as partial alternatives, which has been criticized as inadequate [7] - This move is seen as a signal of Adobe's full pivot towards an AI strategy, raising concerns among users about being forced to use immature technology, reminiscent of Flash's historical impact on multimedia [7] Group 7 - Elon Musk announced that SpaceX has completed the acquisition of xAI, with a combined valuation of $1.25 trillion, making xAI a wholly-owned subsidiary of SpaceX [8] - SpaceX plans to advance the deployment of space data centers, with Musk stating that annual satellite launches could add 100GW of AI computing power, with a long-term goal of reaching 1TW [8] - The merger provides xAI with stable funding support, as it previously burned approximately $1 billion monthly, with SpaceX regarded as Musk's "most successful and stable" enterprise [8] Group 8 - Google utilized Gemini to tackle 700 unresolved mathematical problems, making progress on 13, with 5 being new solutions generated by the model and 8 derived from overlooked literature [9] - The research revealed that 68.5% of candidate solutions contained fundamental errors, with only 6.5% being meaningful correct answers, indicating significant time spent on verification, correction, and literature review [9] - Google acknowledged that these problems could be easily solved by experts in any field, highlighting the true costs of AI-assisted mathematical research and the risks of "subconscious plagiarism" from literature [9] Group 9 - a16z's AI applications team believes that the AI era represents a convergence of all technology cycles, with traditional software transitioning to AI-native, where greenfield opportunities outweigh brownfield ones [10] - Software is "eating" the labor market, but the real value lies not in cost savings but in revenue generation, as seen with Salient, which improved its collection rate by 50% through AI rather than merely reducing costs [10] - Companies with proprietary data are seeing their value multiply, making moats more important than ever in an era where software can be rapidly constructed [10]

随着春节假期临近，进入2月，各大游戏厂商新品竞争愈发激烈。据不完全统计，2月2日—16日（除夕 夜）将有23款新游戏陆续上线。 其中包括心火游戏的《小小梦魇》、莉莉丝的《帕萌战斗日记》、广州穗游网络的《千年寻仙》、心动 网络的《潜水员戴夫（国服）》、帕斯亚科技的《沙石镇时光》、三七互娱的《生存33天》等。 从品类看，23款新游戏覆盖多元赛道，包括角色扮演（RPG）、卡牌策略、开放世界、模拟经营等。例 如，在《沙石镇时光》游戏中，玩家作为一名工坊主，将在荒漠小镇沙石镇开启重建与冒险之旅。通过 探索、建造、种植、社交等多种方式，逐步振兴这片土地。此前，其PC版在Steam平台上累计销量已突 破170万份。 2026年春节档游戏流量争夺战悄然打响。据不完全统计，2月2日—16日（除夕夜）将有23款新游戏陆续 上线。与以往不同的是，包括腾讯游戏、网易游戏和米哈游在内的游戏大厂在上线新玩法、新福利的同 时，也在寻求由量变到质变的突破，今年各家还加大了与跨界品牌的联动，以激活更大范围的消费潜 力。从扎堆上新到福利升级，再到深度联动，在业内看来，游戏行业也正从"存量博弈"向"生态重构"转 变。 "规模化"上线 米哈游方面， ...

Core Insights - Tencent's first research outcome under Chief AI Scientist Yao Shunyu has been revealed, focusing on the challenges of learning from context in AI models [1][6] - The competitive landscape is shifting from improving model training to providing rich and relevant context for tasks [1][7] Group 1: Research Findings - The joint research by Tencent's Mixyuan team and Fudan University highlights that enabling large models to learn from context is more challenging than previously thought [6][7] - A benchmark called CL-bench was created to assess language models' ability to learn new knowledge from context, consisting of 500 complex contexts, 1,899 tasks, and 31,607 validation standards [7] - The top ten language models achieved an average task-solving rate of only 17.2% on CL-bench, indicating significant shortcomings in utilizing context effectively [7] Group 2: Future Directions - The research suggests that enhancing models' ability to learn from context could be a key direction for future iterations of large language models [7] - The role of humans in AI systems may evolve from being primary data providers to context providers as models improve their contextual learning capabilities [7] - Memory mechanisms in models are expected to become a core theme in the development of large models by 2026, potentially leading to autonomous learning capabilities [7]

【#腾讯辟谣多个涉元宝谣言##腾讯称给元宝编这么多谣言辛苦了#】2月3日，腾讯官方公众号"鹅厂黑 板报"发文为元宝辟谣，全文如下：元宝红包火了之后，什么飞天大谣言也变多了，想破脑袋都想不出 来。以下对这些谣言进行澄清。谣言1：抢元宝红包会导致微信闪退，余额清零。——元宝App与微信 是两个独立的应用，不存在直接导致微信闪退的技术关联。用户在元宝App内获得的任何现金红包或奖 励，均受到严格的金融安全保障，不影响账户安全。谣言2：元宝红包的链接有病毒，是木马。——"木 马链接"和"假冒病毒"的说法，通常是不法分子利用春节红包活动的热度，制作虚假链接进行诈骗。我 们提醒用户，务必通过元宝App官方页面或可信渠道参与红包活动，切勿点击不明来源的链接，谨防上 当受骗。如遇可疑链接可以通过右上角"更多"进行投诉。谣言3：使用元宝App会默认开启AI，会自动 举报。——元宝严格遵循相关法律法规，所有功能的开启和使用都遵循明确的用户授权原则，不存 在"静默监控"、"默认开启AI"、"自动举报"的情况。用户拥有完全的知情权和选择权，可以根据自身需 求主动决定是否使用相关功能。假！假！假！全是谣言。各位网友，您怎么看？@读秒财 ...

腾讯官方账号"鹅厂黑板报"发文，就涉元宝App相关谣言进行澄清。 谣言1： 抢元宝红包会导致微信闪退，余额清零。——元宝App与微信是两个独立的应用，不存在直 接导致微信闪退的技术关联。用户在元宝App内获得的任何现金红包或奖励，均受到严格的金融安全 保障，不影响账户安全。 谣言2： 元宝红包的链接有病毒，是木马。——"木马链接"和"假冒病毒"的说法，通常是不法分子 利用春节红包活动的热度，制作虚假链接进行诈骗。我们提醒用户，务必通过元宝App官方页面或可 信渠道参与红包活动，切勿点击不明来源的链接，谨防上当受骗。如遇可疑链接可以通过右上角"更 多"进行投诉。 谣言3： 使用元宝App会默认开启AI，会自动举报。——元宝严格遵循相关法律法规，所有功能的开 启和使用都遵循明确的用户授权原则，不存在"静默监控"、"默认开启AI"、"自动举报"的情况。用 户拥有完全的知情权和选择权，可以根据自身需求主动决定是否使用相关功能。 编辑：小羊 ...

Core Insights - The article discusses the challenges faced by current language models in learning from context, highlighting that even the strongest models struggle with this capability [1][2][3] Group 1: Research Findings - Tencent's research team, in collaboration with Fudan University, emphasizes that enabling large models to learn from context is more difficult than previously thought [2][3] - The team developed CL-bench, a benchmark designed to evaluate whether language models can learn new knowledge from context and apply it correctly, consisting of 500 complex contexts, 1,899 tasks, and 31,607 validation standards [3] - The top ten language models achieved an average task resolution rate of only 17.2% on CL-bench, indicating significant shortcomings in their ability to utilize context [3] Group 2: Future Implications - The research suggests that enhancing models' context learning capabilities could shift the role of humans from being primary data providers to context providers, changing the competitive landscape in AI [3][4] - The team also notes that memory management in models may become a core theme in the development of large models by 2026, potentially leading to autonomous learning capabilities [4]