AI的"iPhone时刻"会在眼镜上，还是一支笔里？ 作者 | 辰纹 当全球科技界还在为大模型的能力边界争论不休时，AI的下一个战场已从云端降至掌心、戴至眼前。 OpenAI不久前宣布将于2026年下半年，推出一款重约15克、无屏幕、形似豆荚的AI设备，外界普遍猜测可能是一支笔，也可能是一副耳机。 在OpenAI之外，Google已经在去年年底重启AI眼镜项目，Meta也在去年下半年集中更新了多款AI眼镜产品。 而在中国，字节跳动先手试水了AI耳机、AI手机、AI眼镜；阿里巴巴旗下的夸克、钉钉分别推出各自的AI眼镜、录音卡等AI硬件产品；百度的小度在AI 手机和AI眼镜等赛道的布局时间则更早一些。 随着生成式AI从云端走向终端，科技巨头们正以截然不同的路径，将AI大模型封装进眼镜、别针乃至一支笔里，试图定义人机交互的未来。然而，市场 反馈的冰火两重天，预示着这场竞赛远未到终局。 01 赛场竞速 2026年伊始，AI硬件市场，特别是智能眼镜品类，已从概念探索迈入规模化竞争的新阶段。 根据研究机构Omdia的预测，2026年全球人工智能眼镜市场出货量将突破1000万台，其中中国市场出货量预计达120万台，成为全球 ...

春节期间的流量高峰不仅带来了红包，更暴露了AI基础设施的脆弱性。当腾讯元宝在巨大用户访问量下出现服务不稳定时，算力租赁概念股却在资本市 场上表现抢眼。 这一现象背后，是市场对算力资源稀缺性的敏锐反应。 当前，从C端AI应用的爆发到B端企业的智能化转型，从国家政策的大力扶持到全球科技巨头的战略调整，算力租赁这一曾经相对专业的领域，正迅速演 变为数字经济时代的核心基础设施产业。随着工信部推进算力调度和互联互通的政策落地，算力租赁行业迎来了前所未有的发展机遇。 应用端暴露算力紧缺，市场反应迅速 腾讯元宝因春节红包活动流量激增而"崩溃"，同一时间，A股算力租赁概念股却应声飘红，这一看似矛盾的现象，却精准揭示了当今人工智能时代的核心 矛盾与机遇。 人工智能应用的爆发性增长正在对后端基础设施提出严峻考验。2026年春节前后，两大AI应用服务接连出现异常情况，直接反映了当前算力供需的矛 盾。 2月1日，腾讯元宝App在开启春节10亿元红包活动后，当用户尝试使用"春节模版做同款"等功能时，频繁出现"已暂停生成"的提示，服务出现短暂不稳 定。无独有偶，2月6日，阿里千问App的"春节30亿免单"活动也因巨大流量涌入，在下单过程 ...

"点得我手都快麻了。"陷在江苏家中的沙发里，大三学生钟襄身边散落着砂糖橘和瓜子壳，她的拇指在 手机屏幕上快速起落，眼神在几个亮着的屏幕间来回切换。这个寒假上午，她最主要的"工作"是在元 宝、千问和百度文心一言等AI应用间循环往复——抢红包。 马年前夕，春节前的互联网营销大战再次上演。和往年不同的是，冲锋在前的既不是传统电商、也非外 卖平台，而是各大科技公司旗下的AI（人工智能）大模型应用；和以往类似的是，这场看似崭新的技 术竞赛，用的却依旧是"发红包"抢客的传统路数。 新坛装旧酒，在AI时代，还能奏效？ "这轮AI红包营销是巨头在技术变革关键窗口期，以经典'烧钱'模式争夺下一代超级入口的卡位战。与 此前争夺支付、社交的红包大战有本质不同。"南开大学金融发展研究院院长田利辉告诉《金融时报》 记者，过去争的是"支付习惯"和"用户时长"，今日争的是"第一反应"与"服务调度权"。比如，用户遇到 问题时，是习惯性打开微信问"元宝"，还是去淘宝找"千问"。 进击的大厂 自1月底起，一场跨越年龄与圈层的全民AI应用"入口争夺战"，以熟悉的配方、升级的战场，引爆了整 个互联网。 1月25日，百度率先官宣马年春节红包活动，用5 ...

Market Overview - The Hang Seng Index rose by 0.58% to close at 27,183.15 points, while the Hang Seng Tech Index increased by 0.62% to 5,451.03 points, and the National Enterprises Index climbed by 0.81% to 9,242.75 points [1] - The index opened at 27,202.96 points, initially rising before retreating, and ultimately gained 155.99 points with a total turnover exceeding 234 billion HKD [1] - There were 1,344 advancing stocks, 923 declining stocks, and 896 stocks closing flat by midday [1] - The net inflow for the southbound trading (Hong Kong Stock Connect) was 84.7 million HKD [1] Sector Performance - Most sectors experienced gains, including chips, optical communications, biomedicine, new energy vehicles, oil and gas, banking, aviation, and port transportation [1] - Mixed performance was noted in new consumption, non-ferrous metals, and brokerage sectors, while gold, technology, real estate, and electricity sectors mostly declined [1] Individual Stock Movements - Notable stock movements included Pop Mart rising by 4.90%, Longi Green Energy increasing by 8.88%, Xiaomi Group up by 1.08%, and SMIC gaining 1.71% [1] - China Ping An rose by 0.62%, AIA fell by 0.52%, Zijin Mining increased by 2.52%, and Tianzuo Zhixin surged by 12.40% [1] - COSCO Shipping Energy rose by 5.49%, Zhihui gained 14.81%, and Rongchang Biotech increased by 3.64% [1] - HSBC Holdings rose by 0.72%, Industrial and Commercial Bank of China increased by 0.77%, and China Petroleum gained 1.64% [1] Top Traded Stocks - Tencent Holdings saw a decline of 1.61% with a turnover exceeding 16.1 billion HKD; Alibaba rose by 1.65% with a turnover over 9.3 billion HKD; Meituan fell by 2.47% with a turnover of 6.6 billion HKD [2]

Group 1 - The core point of the article highlights the intense competition in the AI sector, particularly during the Spring Festival, with Alibaba's Qianwen launching a significant promotional campaign involving free milk tea to attract users [1][29] - Qianwen's campaign offered a 25 yuan no-threshold coupon for milk tea, leading to a rapid surge in orders, exceeding 1 million within 3 hours and 10 million within 9 hours [3][8] - The promotional strategy resulted in a notable increase in stock prices for milk tea brands, with Cha Baidao rising by 6% and Gu Ming by over 3% [11] Group 2 - The overwhelming demand caused significant operational challenges for milk tea shop employees, who faced extreme workloads and supply shortages, leading to some stores temporarily closing for restocking [17][20] - The rapid influx of users overwhelmed Qianwen's servers, causing service disruptions and user frustrations, prompting the company to extend the validity of the coupons to February 23 [12][26] - The article discusses the broader context of AI applications competing for user acquisition during the Spring Festival, with major players like Baidu and Tencent also investing heavily in user engagement strategies [29][31] Group 3 - Despite the initial excitement, the article notes that users attracted by promotional offers may not remain engaged long-term, as many uninstall the app after redeeming their rewards [33] - The competition in the AI space is expected to focus on delivering real value and enhancing user experience, as transient user acquisition strategies may not sustain long-term growth [40]

梦瑶 发自 凹非寺 量子位 | 公众号 QbitAI 文本一长就糊、指令一杂就撂挑子、遇到中文更是一整个变形freestyle…… 「AI生图」的这点苦，到底有谁懂啊！！！ 停，不用拧巴了，因为现在的AI，已经能稳稳吃下 1K token 的超长文字指令了： 复杂指令 也不在怕的，最近OpenClaw贼火，我索性让AI直接帮roll出一个赛博信息图海报（你就说牛不牛吧）： 中文渲染 表现也不孬，《兰亭集序》这种公认的高难度文本，这AI居然能做到文字1:1还原，排版、笔锋都在线： 你以为到这儿就结束了，NONONO！因为它还能—— 多图编辑 。 随手丢给了它一张照片，人家直接给我甩出一组影棚级的9宫格写真！！（诶，突然感觉怒省一笔钱… 刚才帮我干活的这位，正是阿里刚刚发布的新一代图像生成及编辑模型—— Qwen-Image-2.0 。 1K token长文本、复杂指令、中文渲染、图片编辑、2K分辨率一次 性梭哈，连国际评测里的表现都已经冲到了仅次于Nano Banana Pro的 位置。 在AI生图界，最让人崩溃的倒不是写Prompt词，而是写了太多，AI根本不吃消，好的提示词真无！处！施！展！ 不知道千问团队 ...

Investment Rating - The report rates the investment in the industry as "Buy" [5] Core Insights - Alibaba's top-level strategy is shifting from "model competition" to "system integration," leveraging the "Tongyi Qianwen" and cloud platforms to create a closed-loop capability for the next generation of platform dominance [2][5] - The focus of Alibaba's AI strategy post-2025 will be on integrating "model + ecosystem + AI infrastructure" to enhance user experience and operational efficiency across various high-frequency scenarios [5] - Significant capital expenditure is directed towards cloud and AI infrastructure to support model and platform expansion, including data center upgrades and self-developed AI chips [5] Summary by Sections 1. Pre-2022: Foundation of "Cloud + Data Intelligence" - The strategic focus was on practical AI applications that enhance productivity in real-world scenarios, particularly in e-commerce, logistics, and fintech [8][9] - AI capabilities were productized and standardized through platforms like PAI and City Brain, transforming internal efficiencies into external commercial advantages [15][17] 2. 2023-2024: Entering the Era of Large Models - 2023 marks a pivotal point for Alibaba, with a restructured organization and strategy emphasizing AI as a core driver for business transformation [37][39] - The launch of the "Tongyi Qianwen" model aims to standardize AI capabilities across all business units, facilitating a unified approach to AI application [42][43] - A series of vertical applications based on the Tongyi Qianwen model were rapidly developed to create a comprehensive product matrix, enhancing user engagement and operational efficiency [44][46] 3. 2025 and Beyond: Transition to Entry-Level Products - The overall strategy will pivot towards using "model + ecosystem" to compete for the next generation of platforms, with a clear division of responsibilities between AI2C and AI2B [5][39] - Capital expenditures will support the expansion of AI infrastructure, focusing on integrated hardware and software solutions [5][64] - The competitive landscape is shifting towards AI computing and platform capabilities, with Alibaba Cloud maintaining a leading market share in IaaS and PaaS [67]

Core Insights - The article discusses the recent "red envelope war" among major tech companies in China, highlighting their strategies to attract users and establish AI as a key component in their ecosystems [3][10][12] Group 1: User Growth and Engagement - Tencent's Yuanshao saw a daily active user (DAU) of 23.99 million on the first day of its cash red envelope campaign, a 2.1 times increase from the previous day [1] - Baidu's Qianwen achieved a DAU of 58.48 million on the first day of its "30 billion free order" campaign, marking a 7.3 times increase from the prior day [2] - The rapid user growth indicates a significant impact of these promotional activities on user engagement [7] Group 2: Strategic Approaches - Tencent aims to leverage its WeChat ecosystem to quickly expand its user base and capture the AI application entry point [4][5] - Alibaba's Qianwen focuses on essential consumer scenarios, with its "one-sentence order" feature becoming a phenomenon, indicating high user interaction with AI [5] - Baidu adopts an "embedded AI" strategy, integrating its AI capabilities into the red envelope activities to enhance user experience [6] Group 3: Competitive Landscape - The competition is not merely about cash giveaways but reflects deeper strategic moves by each company to solidify their positions in the AI landscape [3][10] - The red envelope war is seen as a pivotal moment in the transition from technical validation of AI to large-scale user acquisition [10][11] - Companies are not limiting themselves to single AI assistants but are building comprehensive ecosystems to meet user needs [13] Group 4: Future Implications - The red envelope campaigns are viewed as tools to cultivate a mindset among users to seek AI assistance in various situations [14][15] - The outcomes of these campaigns could significantly influence the AI landscape over the next decade [15]

21世纪经济报道记者孔海丽 北京报道 豆包红包姗姗来迟，路透是10万份"科技好礼"。 各有看家本领 各家的打法，都是对自身生态基因的极致放大。 腾讯元宝试图复刻2014年微信红包通过社交裂变逆袭支付宝的成功路径。 腾讯的逻辑则是，利用微信生态的社交关系链实现快速破圈，抢占AI应用入口。 阿里千问的"请客计划"直接切入最刚需的生活消费场景，活动上线后，"一句话点奶茶"成为现象级活 动。 其实，过去10天，腾讯元宝、百度文心助手、阿里千问的红包，已经撒出了效果，撒出了互联网史上最 疯狂的用户增长。 QuestMobile数据显示，元宝启动新春现金红包活动首日， DAU为2399万，较前一日增长2.1倍，后几日 仍保持在高位。 千问"春节30亿免单"活动首日，DAU为5848万，较前一日增长7.3倍。 2月10日，豆包官宣2026年春晚将送出10万份"科技好礼"，除了机器人、机器狗，还有奥迪、奔驰电车 的使用权，这些科技实物全都接入了豆包大模型。 这场红包大战，根本不是简单的"撒钱"。 腾讯大方送现金，意在拉新；百度搞AI互动，想建立用户黏性；阿里打通AI购物链，豆包送AI实物， 最终全都指向"下一代AI入口"。 ...

Investment Rating - The industry investment rating is "Positive" and maintained [6] Core Insights - The "Spring Festival 30 Billion Free Order" event launched by Qianwen App led to a surge in orders, causing system crashes and highlighting the current shortage of computing power resources among major AI companies like Alibaba. This event indicates a growing demand for computing power, which is expected to increase as companies compete for AI application traffic during the Spring Festival [2][4][8] - Major companies, including Tencent, ByteDance, and Baidu, are expected to engage in a "traffic war" during the Spring Festival, collectively investing approximately 4.5 billion to secure AI entry points, further driving the demand for computing power [8] - The report suggests focusing on domestic computing power chip manufacturers, particularly industry leaders like Cambricon and Haiguang Information, as well as companies involved in computing power leasing and IDC [2][8] Summary by Sections Event Description - On February 6, Qianwen App launched a promotional event that resulted in a significant increase in orders, with over 1 million orders placed within 9 hours, setting a new record for the beverage industry. The system faced a peak request processing rate 30 times higher than normal, leading to a complete server crash [2][4][8] Market Dynamics - The report notes that the computing power demand is expected to continue to grow, especially with the increased capital expenditures (CapEx) from major overseas cloud service providers (CSPs) like Amazon, Google, Meta, and Microsoft, which are projected to exceed 600 billion USD in total for 2026 [8]