继巴菲特旗下伯克希尔买入谷歌股票、千问App公测版正式上线、谷歌即将发布Gemini 3.0人工智 能模型之后，AI应用领域再度出现三个事件。 首先，马斯克旗下xAI正式发布聊天机器人(300024)Grok 4.1最新版本。马斯克表示，用户应能"注 意到相较前代产品在速度和品质上的显著提升"。该版本支持两种模式：思考模式可进行深度推理，非 推理模式则无需消耗token即可实现即时响应。 Grok聊天机器人还在特斯拉车辆中充当语音助手，与OpenAI的ChatGPT、Google Gemini及微软 Copilot等主流AI助手展开竞争。 其次，蚂蚁集团发布全模态通用AI助手"灵光"，支持"自然语言30秒生成小应用"，同时它也是业内 首个全代码生成多模态内容的AI助手，支持3D数字模型、音频、图标、动画、地图等全模态的信息输 出，对话更生动，交流更高效。 从功能来看，"灵光"已经成为一个应用生成平台，表明阿里系正全面押注AI应用入口争夺。 最后，百度发布2025年第三季度财报。三季度，百度首次披露AI业务收入，显示同比增长超50%。 其中，AI云收入同比增长33%；AI应用收入达26亿元；AI原生营销服务收入 ...

| 69.8万 | | 买5 114.300 | | 4.37 | | --- | --- | --- | --- | --- | | | | 买6 114.200 | | 1.37 | | | | 27 | 114.100 | 1.8 7 | | | | 买8 114.000 | | 3.37 | | MACD > | DIF :- 0.009 ↓ DEA: 0.096 ↓ M :- 0.211 ↓ | ¥9 113.900 | | 1.17 | | 0,263 | | 分时成交 · | | | | | | 10:10 114.700 | | 2 | | | | 10:10 114.700 | | | | -0.211 | | 10:10 114.700 | | | | 09:30 | | 16:00 10:10 114.700 | | | 消息面上，百度昨晚公布业绩，第三季度公司实现总营收312亿元，核心收入247亿元，均超市场预期。百度此次的业绩亮点还在于，首次披露的AI业务收 入约100亿元，同比增长超50%，超市场预期。 11月19日，百度集团-SW高开2.24%，报113.9港元/股。截至10时1 ...

Group 1 - The Hong Kong stock market opened higher on November 19, with the Hang Seng Index rising by 0.09% to 25,954.23 points, and the Hang Seng Tech Index increasing by 0.37% [1] - Baidu Group's stock rose over 3% after the release of its Q3 2025 financial report, which showed total revenue of 31.2 billion yuan, a year-on-year decline of 7% [1] - Baidu disclosed three new AI business lines in its report, collectively generating approximately 10 billion yuan, accounting for about 40% of its core revenue, with a strong year-on-year growth exceeding 50% [1] Group 2 - AI cloud revenue grew by 33% year-on-year, while AI application revenue reached 2.6 billion yuan, and AI native marketing services saw a significant increase of 262% year-on-year, generating 2.8 billion yuan [1] - In the autonomous driving sector, Baidu's "Luobo Kuaipao" service recorded 3.1 million global ride-hailing services in Q3, marking a year-on-year increase of 212%, with a total of over 17 million services provided globally [1] - Huatai Securities forecasts that Baidu's core revenue and non-GAAP operating profit are expected to improve quarter-on-quarter in Q4 2025, driven by AI's transformation of its advertising system [2] Group 3 - The latest valuation of the Hang Seng Tech Index ETF (513180) is 21.84 times, lower than other major global tech indices, indicating that it is in a historically undervalued range [2] - The index's valuation is at the 22.19% percentile since its inception, meaning it is lower than 77% of the historical time frame [2] - The Hang Seng Tech Index is characterized by high elasticity and growth potential, suggesting greater upward momentum for investors [2]

一生坚守价值投资的巴菲特，在退休前夕做出重磅决策：首次建仓谷歌，并将其纳入伯克希尔·哈撒韦 前十大重仓股。这一举动在投资界引发巨大反响，被视为价值投资范式演变的重要信号——即便最为保 守的价值派，也已开始正视并认可AI的长期价值。 在这一决策的背后，是巴菲特投资哲学在AI时代的延续。谷歌凭借自研TPU芯片、Gemini大模型，以及 搜索、YouTube、云服务等海量应用场景，构建了全栈AI生态。这条又宽又深的"护城河"，正是巴菲特 价值投资体系中最看重的核心要素。 而除谷歌外，百度-SW(09888)是中国乃至全球范围内，在全栈AI技术布局上最为完整、协同效应最为 显著的公司，其在芯片、框架、模型、应用四个关键层级上均拥有自主核心技术并已实现大规模产业化 落地，"护城河"同样宽广。 而第三季度财报，便是百度于AI产业中具备强大竞争力以及领先的商业化实力的真实写照。11月18 日，百度发布了2025年第三季度财报。公司于此份财报中首次披露了其AI战略布局的两个关键性成 绩。其一是AI业务收入同比大增50%，其中，AI云收入同比增长33%;AI应用收入达26亿元;AI原生营销 服务收入同比增长262%达28亿元。 ...

一生坚守价值投资的巴菲特，在退休前夕做出重磅决策：首次建仓谷歌，并将其纳入伯克希尔·哈撒韦 前十大重仓股。这一举动在投资界引发巨大反响，被视为价值投资范式演变的重要信号——即便最为保 守的价值派，也已开始正视并认可AI的长期价值。 在这一决策的背后，是巴菲特投资哲学在AI时代的延续。谷歌凭借自研TPU芯片、Gemini大模型，以及 搜索、YouTube、云服务等海量应用场景，构建了全栈AI生态。这条又宽又深的"护城河"，正是巴菲特 价值投资体系中最看重的核心要素。 而除谷歌外，百度-SW(09888)是中国乃至全球范围内，在全栈AI技术布局上最为完整、协同效应最为 显著的公司，其在芯片、框架、模型、应用四个关键层级上均拥有自主核心技术并已实现大规模产业化 落地，"护城河"同样宽广。 而第三季度财报，便是百度于AI产业中具备强大竞争力以及领先的商业化实力的真实写照。11月18 日，百度发布了2025年第三季度财报。公司于此份财报中首次披露了其AI战略布局的两个关键性成 绩。其一是AI业务收入同比大增50%，其中，AI云收入同比增长33%;AI应用收入达26亿元;AI原生营销 服务收入同比增长262%达28亿元。 ...

人民财讯11月19日电，港股开盘，恒生指数涨0.09%，恒生科技指数涨0.37%，小米集团跌近2%，百度 涨超2%。 ...

每经AI快讯，百度集团-SW(09888.HK)绩后高开逾2%，截至发稿，涨2.24%，报113.9港元，成交额 4894.38万港元。 ...

Core Viewpoint - Baidu Group's Q3 2025 financial report shows strong growth in AI-related revenues and autonomous driving services, indicating a positive outlook for the company's future performance [1] Financial Performance - Total revenue for Q3 2025 reached 31.2 billion yuan, with core revenue at 24.7 billion yuan [1] - AI business revenue was disclosed for the first time, showing a year-on-year growth of over 50% [1] AI Business Growth - AI cloud revenue increased by 33% year-on-year [1] - AI application revenue reached 2.6 billion yuan [1] - AI native marketing service revenue surged by 262% to 2.8 billion yuan [1] Autonomous Driving Services - The number of fully autonomous driving orders from Baidu's service "Luobo Kuaipao" reached 3.1 million, accelerating from a 148% growth in the previous quarter to 212% [1] - As of October 2025, Luobo Kuaipao averaged over 250,000 fully autonomous driving orders per week [1] - Cumulatively, Luobo Kuaipao has provided over 17 million autonomous driving service orders to the public as of November 2025 [1]

每经AI快讯，恒指涨0.09%，恒生科技指数涨0.37%。百度涨超2%，小鹏汽车涨近2%，小米集团跌近 2%。 ...

Core Insights - Baidu's stock opened over 2% higher following the release of its Q3 2025 financial results, with a current price of HKD 113.9 and a trading volume of HKD 48.94 million [1] Financial Performance - Total revenue for Q3 2025 reached CNY 31.2 billion, with core revenue at CNY 24.7 billion [1] - AI business revenue was disclosed for the first time, showing a year-on-year growth of over 50% [1] AI Business Highlights - AI cloud revenue increased by 33% year-on-year [1] - AI application revenue reached CNY 2.6 billion [1] - AI native marketing service revenue surged by 262% to CNY 2.8 billion [1] Autonomous Driving Services - The number of fully autonomous driving orders from Baidu's "Luobo Kuaipao" service reached 3.1 million, accelerating from a year-on-year growth rate of 148% to 212% [1] - In October 2025, the average weekly fully autonomous driving orders exceeded 250,000 [1] - As of November 2025, the cumulative number of autonomous driving service orders provided to the public surpassed 17 million [1]