（原标题：麦格理：对百度集团-SW(09988)评级升至"跑赢大市" 目标价大幅上调至171港元） 智通财经APP获悉，麦格理发布研报称，百度集团-SW(09888)正转向更多元化收入来源，人工智能云和 自动驾驶的士带来正面期权价值。该行将百度投资评级由"中性"上调至"跑赢大市"。目标价由96港元大 幅上调至171港元，芯片设计部门或贡献百度估值三分一(按20倍市销率计估算)。 ...

麦格理又认为，与被广泛认为占亚马逊股权价值50%以上的亚马逊云服务(AWS)相比，市场目前对阿里 云估值贡献约15%至20%的假设过于保守，显示出与美国同业进一步缩小估值差距空间。 该行下调阿里今明财年经调整EBITA预测24%及10%，反映公司在快速电商及人工智能训练与推理方面 的支出。但该行指，随着中国企业对人工智能采用激增，云需求将得到提振，为阿里云未来数年带来 30%至35%收入年复合增长率。 麦格理发布研报称，预期阿里巴巴-W(09988)现财年云业务持续加速增长，更多元化的变现机会为长期 利润率扩张提供可能性。快速电商夏季活动或导致更大亏损，但用户流量和交易量趋势依然稳健。该行 重申对阿里跑赢大市评级。基于公司作为从基础设施到应用层代理的最佳全面技术巨头，目标价则由 229.1港元下调至228.2港元。 ...

智通财经APP获悉，麦格理发布研报称，预期阿里巴巴-W(09988)现财年云业务持续加速增长，更多元 化的变现机会为长期利润率扩张提供可能性。快速电商夏季活动或导致更大亏损，但用户流量和交易量 趋势依然稳健。该行重申对阿里跑赢大市评级。基于公司作为从基础设施到应用层代理的最佳全面技术 巨头，目标价则由229.1港元下调至228.2港元。 麦格理又认为，与被广泛认为占亚马逊股权价值50%以上的亚马逊云服务(AWS)相比，市场目前对阿里 云估值贡献约15%至20%的假设过于保守，显示出与美国同业进一步缩小估值差距空间。 该行下调阿里今明财年经调整EBITA预测24%及10%，反映公司在快速电商及人工智能训练与推理方面 的支出。但该行指，随着中国企业对人工智能采用激增，云需求将得到提振，为阿里云未来数年带来 30%至35%收入年复合增长率。 ...

Core Insights - Haier Group and Alibaba have signed a comprehensive strategic cooperation agreement focusing on AI collaboration to accelerate industrial AI innovation and development [1][2] Group 1: AI and Cloud Collaboration - The partnership will leverage Haier's ecosystem and Alibaba's full-stack AI capabilities, exploring new paths for industrial AI transformation [1] - In the AI and cloud sector, both companies will engage in a full-stack AI collaboration, developing industry-level models for smart homes and intelligent manufacturing [1] - The collaboration aims to deepen AI applications and create industry-specific models based on Tongyi Qianwen [1] Group 2: Advanced Manufacturing - Haier and Alibaba will jointly build a comprehensive AI service system, integrating Haier's industrial internet platform with Alibaba's computing power capabilities [1] - The focus will be on technological breakthroughs and innovative applications of AI in manufacturing and service sectors [1] - The partnership aims to accelerate the large-scale application of new technologies, products, and scenarios in the industry [1] Group 3: E-commerce and Globalization - The collaboration will enhance cooperation in domestic and overseas consumer sectors, utilizing Haier's industrial strengths and Alibaba's overseas e-commerce system [1] - A resilient heterogeneous computing power platform and a high-availability architecture will be established globally to provide stable cloud services [2] - The partnership will support Haier's development in key overseas markets, particularly in Southeast Asia, through AI and big data [2] Group 4: Leadership Perspectives - Haier's CEO, Zhou Yunjie, emphasized the synergy between Alibaba's digital technology advantages and Haier's focus on smart living, health, and digital economy [2] - Alibaba's CEO, Wu Yongming, expressed the intention to leverage Alibaba's strengths in AI and cloud computing to promote deep applications and innovations in the industry [2]

Core Insights - Haier Group and Alibaba have signed a comprehensive strategic cooperation agreement to enhance AI collaboration, aiming to build a new digital industry ecosystem and accelerate AI innovation in the industry [1][3]. Group 1: AI and Cloud Collaboration - The partnership will focus on AI + Cloud, e-commerce, and globalization, exploring new paths for industrial AI transformation [1][3]. - In the AI + Cloud sector, the collaboration will involve a full-stack AI approach, integrating "scenarios + platforms + models + computing power" to develop industry-level models for smart homes and intelligent manufacturing [3]. - The companies will create an overall AI service system, leveraging Haier's industrial internet platform and Alibaba's computing power capabilities to drive technological breakthroughs and application innovations in key areas [3][4]. Group 2: E-commerce and Globalization - The partnership aims to deepen cooperation in domestic and overseas consumer sectors, utilizing Haier's industrial strengths and Alibaba's overseas e-commerce framework to build a cross-industry and cross-regional digital ecosystem [3]. - Haier and Alibaba will establish a resilient heterogeneous computing power platform and a highly available architecture globally, supporting Haier's development in key overseas markets like Southeast Asia [3]. Group 3: Broader AI Applications - Alibaba has been actively signing strategic cooperation agreements with leading companies across various industries, including telecommunications, consumer electronics, and automotive, to promote deep applications of AI in key scenarios [5]. - The rapid growth of AI, particularly large model applications, is evident across various sectors, with significant usage in internet and consumer electronics companies, as well as traditional industries and government [5][6]. - AI's utility in specific scenarios is highlighted by four main aspects: enhanced experience, new product creation, efficiency improvement, and "AI for Science" [6].

Core Insights - NIO Inc. has partnered with Gaode Enterprise Transportation to reduce transportation costs by 15% through advanced AI technologies [1] - Gaode Enterprise Transportation integrates over 80 major ride-hailing brands and taxi resources, allowing for efficient cost-saving measures for enterprises [1] - The collaboration aims to enhance employee experience while optimizing travel efficiency and cost management [1][2] Group 1: Cost Reduction and Efficiency - Gaode's AI capabilities include AI capacity recommendation, AI time prediction, and AI route planning, which collectively help lower transportation costs [1] - The platform allows employees to easily book rides for various scenarios, such as overtime and business trips, with centralized payment by the company [1] - The AI capacity recommendation feature suggests optimal vehicles based on real-time supply and demand, focusing on quick response and low pricing [1] Group 2: Employee Experience Enhancement - The AI time prediction function estimates mileage and required time, accommodating multiple waypoints for convenience [1] - The AI route planning feature recommends the most time-efficient routes based on user preferences and historical data [1] - Safety features include a "trip guardian" that helps find nearby drivers and a "safety guardian" that monitors the trip for any anomalies [1] Group 3: Risk Management - Gaode Enterprise Transportation has upgraded its intelligent risk control system using AI algorithms to identify high-risk and non-compliant orders [2] - The system analyzes the logic of order intervals and distances to prevent resource misuse and financial vulnerabilities [2]

每经AI快讯，10月13日，美股盘前热门中概股普涨，金山云涨超6%，阿里巴巴涨超5%，蔚来汽车、台 积电涨近5%，百度、哔哩哔哩涨超4%。 ...

Core Insights - Haier Group and Alibaba Group have signed a comprehensive strategic cooperation agreement to achieve full-scale AI collaboration [1][3] - The partnership aims to leverage Haier's ecosystem and Alibaba's AI capabilities to accelerate innovation in the digital industry [1][3] Group 1: AI and Cloud Collaboration - The collaboration will focus on a full-stack AI partnership in the AI + Cloud sector, developing industry-level models for smart homes and intelligent manufacturing [3] - The partnership will integrate Haier's industrial internet platform capabilities with Alibaba's computing power to drive breakthroughs in AI technology and application innovation in manufacturing [3] Group 2: E-commerce and Globalization - In the e-commerce sector, the two companies will enhance cooperation in domestic and overseas consumer markets, creating a cross-industry and cross-regional digital ecosystem [3] - Haier and Alibaba will build a resilient heterogeneous computing power platform and a highly available architecture for global cloud services, supporting Haier's expansion in key overseas markets like Southeast Asia [3] Group 3: Leadership Statements - Haier's CEO emphasized the synergy between Alibaba's digital technology and Haier's focus on smart living, health, and digital economy, marking a significant exploration of the integration between the real and digital economies [3] - Alibaba's CEO expressed the intention to leverage its strengths in AI and cloud computing to promote deep applications and innovations in the industry alongside Haier's extensive industrial practices [4]

Group 1: AI Models and Technologies - Tencent's Hunyuan-Vision-1.5-Thinking ranks third globally and first in China in the latest LMArena visual model rankings, showcasing advanced multi-language and multi-modal understanding capabilities [2] - Alibaba's Lin Junyang announces the establishment of a small team focused on robotics and embodied intelligence, indicating a shift towards foundational intelligent agents capable of long-horizon reasoning [2] - Xiaopeng Motors announces significant breakthroughs in "physical AI," with a new model aimed at enhancing L4 autonomous driving capabilities [5] Group 2: Strategic Partnerships and Collaborations - Silicon-based Flow and China Mobile's Guizhou branch sign a strategic cooperation agreement focusing on collaborative operations and AI infrastructure development [3] - Sairus's subsidiary signs a framework agreement with Volcano Engine to collaborate on embodied intelligence technologies [3] - Worth Buying Technology and Weimeng establish a strategic partnership to develop integrated AI e-commerce services [4] Group 3: Investments and Financial Developments - AMD's CFO states that the partnership with OpenAI is expected to generate hundreds of billions in revenue, with a significant investment in AI infrastructure [12] - Didi Autonomous Driving secures 2 billion yuan in D-round financing to enhance AI research and L4 autonomous driving applications [24] - SoftBank's Graphcore plans to invest 1 billion pounds in India over the next decade to establish an AI engineering park [18] Group 4: Industry Trends and Market Insights - Morgan Stanley reports that AI-related bonds have reached $1.2 trillion, becoming the largest segment in the investment-grade market [26] - The Chinese government aims to establish over 30 new national and industry standards for cloud computing by 2027 [27] - The Ministry of Industry and Information Technology emphasizes the need for enhanced new-type information infrastructure and AI integration in manufacturing [30]

Core Insights - The future of AI in China is promising, driven by rapid consumer adoption and a strong manufacturing base that provides valuable data for AI development [1][2][3] - The manufacturing sector in China is expected to significantly benefit from AI adoption, with a focus on large-scale implementation being crucial for success [3] - Alibaba plans to invest $53 billion in capital expenditures over the next few years to enhance its AI infrastructure, anticipating a tenfold increase in computing capacity by 2032 [5] - Alibaba facilitates cross-border e-commerce, selling approximately $50 billion worth of American products to Chinese consumers annually, while also helping Chinese small businesses access global markets [6][7] - The relationship between the US and China is viewed as symbiotic, with optimism for continued dialogue between the two governments to support business growth [7]