Core Insights - iFLYTEK is showcasing its All-In-One AI Solutions at MWC26, which integrates hardware and software for private AI computing and model deployment, aimed at helping governments and enterprises build their own AI capabilities [1][2] Group 1: Product Features - The All-In-One AI Solutions provide a fully integrated system that optimizes and automates core business processes through AI, specifically designed for industries with strict security needs such as media, telecommunications, government, and finance [2] - The system operates on local computing and dual large-model engines, ensuring stable performance and compliance with high security standards by running fully offline [3] - The solution has demonstrated significant improvements in practical applications, such as an 85% increase in accuracy and a tripling of transcription efficiency for media teams, while also reducing costs and ensuring data security [4] Group 2: Agent Platform - iFLYTEK's Agent Platform allows organizations to quickly convert existing workflows into AI-powered applications, enabling teams to build on current processes rather than starting from scratch [7] - The platform features no-code and low-code tools, facilitating rapid development and deployment of AI applications without complex programming, and supports multimodal interaction for more natural communication [8] Group 3: Proven Applications - At MWC26, iFLYTEK is presenting over 30 curated Super Agents, with the platform ecosystem now encompassing more than 1.3 million intelligent agents, indicating significant real-world adoption [9] - Two flagship applications include OceanDoc, which generates structured professional reports in seconds and is used by over 8 million users globally, and OmniAvatar, which enables low-cost multilingual marketing video creation for organizations [9] Group 4: Strategic Vision - iFLYTEK emphasizes that AI creates value when it can be deployed, trusted, and used at scale, combining local AI infrastructure, intelligent agents, and proven applications to enhance enterprise productivity [11]

Core Insights - iFLYTEK showcased a comprehensive lineup of virtual human technologies at MWC26, generating significant interest and demonstrating capabilities in real-world applications [1][12] Group 1: GuideX and Service Integration - GuideX is iFLYTEK's intelligent virtual human solution designed for high-traffic public environments, managing the full passenger service flow in settings like airports [3][4] - The system integrates multiple functions such as greeting, answering questions, check-in assistance, and gate guidance into a single interface, enhancing operational efficiency [4] - GuideX supports multimodal interaction, including voice, touch, gesture, and visual recognition, functioning as an intelligent service hub [5] Group 2: Mobile Digital Human and Dynamic Services - iFLYTEK introduced the Mobile Digital Human, which combines multimodal interaction with autonomous navigation, suitable for dynamic environments like exhibition halls and museums [7] - This system extends virtual human services beyond stationary touchpoints, providing contextual explanations in real time as it moves alongside visitors [7] Group 3: OmniAvatar and Personalization - OmniAvatar is a virtual human creation platform that allows for rapid cloning of voice and appearance, enabling customized service avatars [8] - In collaboration with the China Disabled Persons' Federation, it assists individuals in creating personalized avatars and synthetic voices, as well as digital twins for media professionals [9] Group 4: Embodied AI and Real-World Presence - iFLYTEK Guide01 is an embodied AI service robot that showcases lively demonstrations, providing a tangible physical presence in real-world environments [10] - The integration of flexible mobility and AI perception capabilities enhances the interaction between humans and AI [10] Group 5: Strategic Vision - iFLYTEK aims to integrate its virtual human technologies into real service scenarios across various industries, promoting efficient service delivery and natural human-AI interaction [12]

Core Insights - iFLYTEK launched AINOTE 2, an AI-powered e-ink tablet aimed at enhancing professional productivity through focused thinking, secure communication, and smarter workflows [1] Product Features - AINOTE 2 is recognized as the world's thinnest e-ink tablet, combining a paper-like writing experience with an ultra-thin design [3] - The device offers a distraction-free workspace, enabling professionals to maintain focus and efficiency in demanding environments [3] - It features one-click recording and real-time transcription in 16 languages, capturing conversations to allow users to stay engaged [4] - Real-time translation in 11 languages and speaker identification facilitate seamless cross-border collaboration [4] - Handwritten notes can be converted into searchable text in 133 languages, ensuring easy retrieval of insights [5] AI Capabilities - iFLYTEK announced expanded AI capabilities, including enhanced large-model support such as Gemini 3 and offline transcription [6] Privacy and Trust - AINOTE 2 supports offline transcription, allowing sensitive conversations to be recorded without an internet connection, addressing data privacy concerns [8] Target Audience - The device is designed for various professionals, including executives, sales teams, students, and researchers, providing a full 10.65-inch e-ink workspace for focused reading and note-taking [9] Sustainability Commitment - iFLYTEK emphasizes sustainable product design by incorporating eco-conscious materials into AINOTE 2, supporting long-term environmental responsibility [11]

Core Viewpoint - The government work report emphasizes the development of a "new intelligent economy" and the integration of technology and industry, highlighting the importance of artificial intelligence (AI) and its application across various sectors [4][5][6]. Group 1: Intelligent Economy - The report introduces the concept of "new intelligent economy," calling for the promotion of new intelligent terminals and AI applications in key industries [4][5]. - Industry leaders express strong support for the government's focus on AI, indicating a shift from AI as a mere technology to a driver of value creation across sectors [5][6]. - The report outlines the need for deep integration of technology innovation and industrial innovation, marking a significant trend in the economy [6]. Group 2: Technological Infrastructure - The report mentions the implementation of large-scale intelligent computing clusters and the need for coordinated power supply, suggesting a focus on enhancing the efficiency of energy and computing resources [7]. - Recommendations include establishing a unified national electricity market to support intelligent computing centers and reduce energy costs for AI development [7]. Group 3: Future Industries - The report emphasizes the cultivation of future industries such as quantum technology, embodied intelligence, and 6G, indicating a strategic focus on advancing new productive forces [12][15]. - Industry representatives highlight the importance of developing quantum communication and embodied intelligence, with a call for government support in overcoming common challenges in these fields [12][15]. Group 4: International Logistics and Trade - The report stresses the need to strengthen international logistics systems and expand digital trade, which is seen as beneficial for companies engaged in global supply chain services [16][17]. - Companies are adapting to a shift from "stocking mode" to "branding mode" in cross-border logistics, necessitating higher standards for logistics stability and compliance [16]. Group 5: AI and Data Security - The report raises concerns about data security and user authorization in AI applications, highlighting the need for regulatory frameworks to address potential issues arising from data usage [9][10]. - Experts emphasize the importance of user rights and data protection in the deployment of AI agents, advocating for clear guidelines on data handling and user consent [10].

与此同时，X2也被归纳为一次面向可用性的升级：数学、语言理解、推理、翻译等能力继续加强， 同时更强调智能体能力与工程化部署效率——这些听起来"偏底层"的变化，恰恰决定了终端产品在 真实场景里能否跑得稳、跟得上、扛得住。 MWC展台上那副40克的眼镜，其实把底座能力的难点展示得很具体：同传不是简单的"翻译"，它要 在嘈杂环境里先把声音听清、把人声分离、把语义理解连贯起来，再把译文以低时延输出。展会现场 的噪声、混响、多人叠话、口音差异、临场表达，是对识别和翻译最不友好的变量。眼镜提出的唇动 识别多模态降噪思路，像是把问题拆开重做：让摄像头提供额外信号，让骨传导麦克风提供更干净的 声源线索，再把音视频信息融合，去锁定目标讲话人。 3月2日至3月5日，MWC 2026的巴塞罗那展馆里，AI眼镜几乎成了每个展台都想抓住的"下一代入 口"。 科大讯飞把这股风潮具象化成一副更有刚需场景的产品：讯飞AI眼镜首次亮相，主打把多模态同声传 译集成进日常佩戴的眼镜形态里，语音翻译与视觉翻译同时工作，面向跨国会议、商务洽谈、海外展 会等跨语言沟通场景；在展会、酒会这类高噪环境中，它用摄像头捕捉讲话人的唇部运动，再结合骨 传导麦克风 ...

Core Insights - The article discusses the competitive landscape of AI products following the 2026 Spring Festival, highlighting significant user growth and market shifts among leading AI applications [4][20]. Global Rankings - ChatGPT remains the top AI application globally with 955.6 million Monthly Active Users (MAU), showing a growth rate of 2.69% [34]. - Domestic AI application Doubao surged to second place with 315.31 million MAU, experiencing an impressive growth of 87.38% [34]. - Qianwen, another domestic AI product, climbed to third place with 202.69 million MAU, marking a staggering growth of 552.83% [34]. Domestic Rankings - The domestic AI landscape has been reshaped, with Doubao and Qianwen dominating the top two spots, followed by Quark, DeepSeek, and Tencent Yuanbao [12][13]. - Doubao's MAU growth is attributed to its integration into various Spring Festival activities, while Qianwen's growth is linked to substantial subsidies from Alibaba [13][20]. Overseas Rankings - DeepSeek leads the overseas market with 132.57 million MAU, showing stable growth of 2.26% [16]. - Dola, the overseas version of Doubao, ranks second with 59.98 million MAU, growing by 12.61% [17]. - Talkie AI has emerged as the fastest-growing overseas product with a 13.45% increase, reaching 26.27 million MAU [30]. Subscription Revenue Rankings - Gemini leads in subscription revenue with $17.87 million, followed by Claude with $43.41 million [33]. - The subscription revenue growth rates for these products indicate a strong market demand for premium AI services [33]. User Retention Concerns - The article raises questions about whether the user growth observed during the Spring Festival can be sustained in the long term, emphasizing the need for ongoing engagement strategies [20].

Core Insights - iFLYTEK showcased its end-to-end AI ecosystem at MWC Barcelona 2026, emphasizing the theme "AI CONNECTING IDEAS" and demonstrating secure, locally adapted AI deployment across public services and enterprises [1][3] Group 1: AI Ecosystem Overview - The exhibition features three zones: AI Engine Plaza, Smart Solution Zone, and AI Translation Hub, presenting a comprehensive AI ecosystem from foundational infrastructure to industry applications and user-facing devices [3] - AI Engine Plaza focuses on secure, private, and customizable AI infrastructure for enterprise and government deployment, integrating computing power and dual large-model engines into an on-premises system [5][6] Group 2: AI Solutions and Applications - The All-In-One AI Solutions enable customized, private deployment for governments and enterprises, ensuring compliance with data sovereignty [5] - The Agent Platform allows rapid development and deployment of AI applications tailored to specific business workflows, enhancing operational efficiency [6] Group 3: Smart Solutions for Services - The Smart Solution Zone highlights virtual human technologies that enhance public and commercial services, exemplified by Spark GuideX, an AI-powered virtual human that integrates multiple services into a single interface [7][8] Group 4: Multilingual Communication Technologies - The AI Translation Hub features multilingual AI solutions, including AINOTE 2, which integrates real-time transcription, multilingual translation, and intelligent summarization for effective communication [10] - New products such as iFLYTEK AI Glasses and AI Interpret Mic were also introduced, addressing AI translation needs across various settings [11]

GenAI+教育行业 丨发展报告 摘要： 2025 年是中国智慧教育的元年，随着 DeepSeek 等国产大模型在推理效率与开源生态上的跨越式发展， GenAI 技术逐渐成为重构教育生产力的逻辑底座。模 型能力的爆发式增长，使得实时、交互、个性化的知识生成与情感陪伴成为可能。国家高度重视人工智能对教育的深刻影响，并将教育数字化确立为建设教育强国的 核心突破口。教育部等九部门联合印发 《 关于加快推进教育数字化的意见 》 作 为 教育数字化转型的纲领性文件，将 GenAI 视为深度赋能教学模式变革、科研范 式转型与实现因材施教的核心路径。 本 报告采用了 定量分析与定性调研相结合的混合研究方法，旨在通过对校端采购、 C 端用户行为以及供给端企业策略的深度拆解，构建一套 2025 年以来 GenAI+ 教育行业的航海图，挖掘技术商业逻辑，识别痛点场景，并为从业者提供实操性决策参考。 在本报告的撰写过程中，我们始终贯穿着一个核心思考： 教育的技术边界在哪里？ 我们基于研究提出了 40/60 分割 ，即教育过程中约 40% 的部分属于技术工具 化范畴，而剩下的 60% 则是人类的主场服务，涉及情感唤醒、价值塑造、悟性 ...

研 究 专 题 新 股 发 行 相关研究 证券分析师 彭文玉 A0230517080001 pengwy@swsresearch.com 朱敏 A0230524050004 zhumin@swsresearch.com 任奕璇 A0230525050002 renyx2@swsresearch.com 联系人 朱敏 A0230524050004 zhumin@swsresearch.com 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 ______________________________________________________________________________________________________________________________________ 2026 年 03 月 02 日 参与热度创新高，行业β加剧分化 - 证 券 研 究 报 告 ——定增市场双周报 2026.02.09-2026.03.01 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 定增双周报 ⚫ 过 ...

Current Strategy Viewpoints - The capital market experienced fluctuations in early February but rebounded later in the month, primarily due to reduced trading activity before the Spring Festival and short-term policy guidance [1] - The market is expected to enter a phase of economic data and policy verification, with a seasonal increase in trading activity post-Spring Festival, laying a foundation for future market performance [1] - Upcoming economic and corporate profit data, along with the National People's Congress in March, will be crucial for setting the annual policy tone and economic targets, which are significant for the capital market [1] Sector Focus - Short-term focus on safe-haven assets and resource products due to tensions in the Middle East, including precious metals and oil sectors [2] - Long-term focus on growth and cyclical sectors, with particular attention to small-cap stocks that typically perform well in spring [2] - Key sectors to watch include humanoid robots, computing, and AI, benefiting from sustained industry enthusiasm and increased risk appetite among investors [2] Macro Overview - The upcoming National People's Congress will set the tone for the annual economy, with GDP growth targets expected to be set between 4.5% and 5% [8] - Fiscal policy is anticipated to include a deficit rate of 4.0% and new special bonds totaling 5 trillion yuan, indicating a significant increase in fiscal deficit compared to last year [8] Financial Engineering - The A-share market has seen a rise in industry crowding, particularly in media and resource sectors, with the media sector showing a crowding degree of 98.25% [12][14] - The resource sector continues to perform well, with price fluctuations leading to a decrease in crowding indicators, suggesting a potential for continued upward movement [13] Electronic Communication Industry - The upcoming GTC conference is expected to showcase new chip developments from NVIDIA, reinforcing AI as a core investment theme [24] - The demand for storage products is projected to rise significantly, driven by strong AI customer needs and price increases in the DRAM market [25] Computer Industry - The rapid iteration of domestic AI large models is expected to drive significant growth in computing power investments, with a focus on world model technology advancements [28] - The demand for AI-driven applications is anticipated to increase, leading to a surge in computing needs and infrastructure investments [29] New Energy Industry - Focus on hydrogen and ammonia projects, with government support for integrated energy bases expected to drive growth in this sector [32] - The electric power equipment sector is poised for growth due to ongoing global energy demands and potential easing of import restrictions in India [32] High-end Manufacturing Industry - The humanoid robot sector is entering a phase of mass production, with significant advancements showcased during the Spring Festival [35] - The North American AI supply chain remains robust, with ongoing demand for advanced equipment and materials expected to drive growth [36]