从"屏幕幻象"到"物理实体"，智能体正在重塑生产力的边界！ 当大模型的叙事逻辑从"参数竞赛"转向"应用落地"，智能体从只会纸上谈兵的"赛博玩具"，进化为真正下地干活的"生产工具"。感知、声音、图像、动作 ——这些被视为"辅助功能"的维度，成为智能体深入业务流程、实现规模化落地的"入场券"。 1月26日，星辰智能体平台升级发布，让智能体跨出屏幕，拥有"感知物理世界、理解复杂上下文、甚至像真人一样多模态沟通"的能力。整合"语音、视觉、 运动与执行"的多模交互全栈方案，让智能体从"单点工具"，正式升级为具备"五官、手脚与个性"的「数字合伙人」。 · 场景打通：智能体能够极速接入机器人、智能穿戴与各类智能硬件，实现工业、家庭与消费等场景落地。 · 降本增效：通过更低的人力与时间成本，实现交互效率和效果的双重提升。 从智能音箱到企业客服，语音无疑是AI进入真实世界的关键入口。然而，将复杂的 Agent 接入语音链路并非易事——响应延迟、语义割裂、系统状态不同 步，已是行业普遍痛点。涉及硬件运动控制时，往往还需并行对接多套接口，研发周期动辄以月为单位。 本次发布会上，星辰智能体平台和AIUI平台实现完全打通，让Agent ...

中新网海口1月26日电 (记者 王子谦)当前，人工智能已成为全球经济发展与产业变革的核心驱动力。海 南自贸港封关后，如何凭借独特的政策红利、区位优势和生态禀赋，吸引AI产业布局？海南省政协委 员，科大讯飞海南声谷科技有限公司董事长张树彬26日给出自己的思考：以商招商、聚链成群、"链 主"赋能、政企协同。 "作为链主，必须开放核心算法平台、技术平台及开放框架赋能中小企业。"张树彬特别提到，对入驻科 大讯飞海南自贸港总部的生态企业将减免相关技术使用费用，以此增强链主黏性，推动发展逻辑从税收 政策比拼转向链主赋能，真正实现"以链聚新，向新而生"，促进产业发展与生态更新。 张树彬特别提到政企协同的重要性。他认为，政府与链主企业应共同制定整体的"以商招商"发展规划， 并深化行业数据开放与场景开放清单。通过这样的协同，将政府的"有形之手"与市场的"无形之手"相结 合，形成"以场景育企业、以市场带产业"的发展机制，唯有开放才能让生态繁荣，唯有创新才能让生态 生生不息。(完) 政协第八届海南省委员会第四次会议第一场"委员通道"26日上午举行，张树彬在被问及海南自贸港如何 全面激活AI产业生态，实现高质量、跨越式发展时说，海南 ...

内容概要：无障碍产业是指为残疾人、老年人、伤病员、孕妇等群体提供人体功能改善、补偿、替代或 实施辅助性治疗的新兴业态。它涵盖了出行设备、康复辅具、智能穿戴、智能看护、无障碍旅游、无障 碍电影等软硬件产品的研发、设计、生产、流通与服务的完整产业链条，对推动社会无障碍环境建设、 促进特殊群体社会融入具有重要意义。随着人口老龄化加速和残障群体需求升级，无障碍产业已从单纯 的福利事业转变为具有巨大市场的经济增长点。2025年，我国无障碍产业市场规模从2020年的780亿元 增长至1400亿元，预计2026年我国无障碍产业市场规模有望增长至1630亿元。 上市企业：英科医疗(002367.SZ)、瑞尔特(002790.SZ)、伟思医疗(688580.SH)、翔宇医疗(688626.SH)、 康力电梯(002367.SZ)、信隆健康(002105.SZ)、科大讯飞（002230）、商汤-W（00020）、云知声 （09678.HK）、鱼跃医疗（002223）、可孚医疗（301087）、美好医疗（301363）、上海建工 （600170）、中国铁建（601186）、万 科Ａ（000002）、亚厦股份（002375） 相关企 ...

新华社北京1月25日电 题：AI时代，职业生态如何变化？ 新华社记者温竞华 从AI训练师、AI产品经理、AI伦理审核员等新职业涌现，到"一人公司"等创业新范式兴起，人工智能正在加速重塑职业图景，也对劳动者的从业 素质提出了新要求。 AI赋能下，技术范式的变革将创造哪些新就业新机遇？什么样的人才能够更好适应AI时代？ 随着人工智能加速融入千行百业，从事数据标注的AI训练师、借助AI生成内容的动画师、统筹AI产品全流程的产品经理等新岗位持续出现，对复 合型、应用型人才的需求不断扩大。 普华永道2025年全球AI就业晴雨表显示，全球几乎所有涉及AI应用的岗位数量都在增加；拥有AI技能的从业人员平均工资溢价达56%，是上年的 两倍。58同城近期发布的报告也指出，平台已涌现近50类"人机协作"新岗位与40种智能新服务。 "人工智能技术正在深刻重构就业生态与职业图景，推动劳动者技能结构升级，向更高附加值方向演进，形成以人机协同、智能赋能为特征的就业 新范式。"科大讯飞研究院院长刘聪说。 当前，具身智能、世界模型等技术方向加快突破，人工智能正从语言处理走向对物理世界的理解与建模。北京智源人工智能研究院发布的《2026 十大 ...

随着人工智能加速融入千行百业，从事数据标注的AI训练师、借助AI生成内容的动画师、统筹AI产品 全流程的产品经理等新岗位持续出现，对复合型、应用型人才的需求不断扩大。 普华永道2025年全球AI就业晴雨表显示，全球几乎所有涉及AI应用的岗位数量都在增加；拥有AI技能 的从业人员平均工资溢价达56%，是上年的两倍。58同城近期发布的报告也指出，平台已涌现近50 类"人机协作"新岗位与40种智能新服务。 "人工智能技术正在深刻重构就业生态与职业图景，推动劳动者技能结构升级，向更高附加值方向演 进，形成以人机协同、智能赋能为特征的就业新范式。"科大讯飞研究院院长刘聪说。 新华社北京1月25日电 题：AI时代，职业生态如何变化？ 新华社记者温竞华 从AI训练师、AI产品经理、AI伦理审核员等新职业涌现，到"一人公司"等创业新范式兴起，人工智能 正在加速重塑职业图景，也对劳动者的从业素质提出了新要求。 AI赋能下，技术范式的变革将创造哪些新就业新机遇？什么样的人才能够更好适应AI时代？ 讯飞医疗科技股份有限公司内，AI医学研究员胡萍萍正在评估医疗大模型在复杂病例诊治中的表现， 尝试发现模型在回应患者时缺乏"同理心"的细 ...

1月25日下午，由广东省工业和信息化厅与深圳市人民政府联合主办的"广货行天下"春季行动消费电子 专场在华强北正式启幕。 作为2026年广东工业消费品促消费活动的重要一站，本次活动汇聚华为、荣耀、影石、OPPO、vivo、 小天才、科大讯飞等 50家省内消费电子领军企业，依托华强北成熟完备的电子产业生态，将展销场景 直接嵌入最具活力的市场一线，集中展示"广东智造""深圳创造"在AI科技浪潮中的创新成果。全方位满 足消费者多样化、高品质的消费需求。 本次活动还特别设置华强北创业创新历史及成果展，全方位展示华强北独特的创业基因与产业硬实力。 如今在华强北，前沿技术正快速融入电子产品、穿戴设备、家居产品中，化身有温度、有情感的"新春 好礼"。 "现场新春氛围浓厚，也特别应景华为科技产品作为新年货。"华为授权体验店(华强北电子广场) 店员告 诉记者，有很多海外用户来体验咨询折叠电脑，，也有带小朋友的家长来现场体验，大家对新形态的二 合一的平板兴趣很高。 （作者：深圳特区报&读特记者 周雨萌） 一位乌兹别克斯坦游客在荣耀展台正在咨询荣耀majic8pro，因为英文不是特别好，所以荣耀工作人员 正在用荣耀手机的面对面翻译功 ...

Investment Rating - The report indicates a positive investment outlook for the industry, highlighting a "golden window period" for the short drama sector, with expectations for significant growth in the coming years [2][11]. Core Insights - The short drama industry has reached a scale of nearly 1 trillion yuan, surpassing both the film and long video sectors, with a projected compound annual growth rate (CAGR) of over 50% from 2023 to 2026 [11]. - The market for animated dramas is expected to exceed 22 billion yuan by 2026, contributing 50% of the incremental growth in the short drama industry [11]. - ByteDance is positioned as the absolute leader in the animated drama sector, leveraging its "traffic + IP + AI" integrated strategy to dominate the market [2][17]. - The application of AI technology is transforming the production paradigm of animated dramas, reducing production cycles from over 50 days to under 30 days and significantly lowering costs [3][21]. Summary by Sections Section 1: The Golden Window for Short Dramas - The short drama market has surpassed 1 trillion yuan, with user engagement increasing, and the average daily viewing time expected to exceed 100 minutes by 2025 [11]. - The market has entered a phase of rapid growth and commercialization, with significant increases in both supply and demand for animated dramas [11][12]. Section 2: AI Reshaping Production Paradigms - AI technologies are enabling a shift from manual production to industrialized generation, with production costs dropping to the thousand-yuan level [3][21]. - The integration of AI in production processes is expected to streamline workflows, reducing the number of steps from 11 to 5 and cutting costs by 60% [3][24]. Section 3: Trends in AI Applications - The report anticipates a significant uptick in AI applications by 2026, driven by the need for software to leverage substantial computational investments [4][31]. - Companies are increasingly integrating AI into their business models, with some reporting that AI-related revenues account for over 10% of total income [4][31]. Section 4: Related Investment Targets - Key investment targets include companies such as DeCai Co., Zhaochi Co., and Wanxing Technology, among others, which are positioned to benefit from the growth in the animated drama and AI sectors [5][40].

Investment Rating - The report assigns an "Overweight" rating to the computer industry [5][13]. Core Insights - As of Q4 2025, institutional holdings in the computer sector have decreased to 2.1%, down 1.1 percentage points from Q3, marking a historical low. This level is only slightly above the 2.0% recorded in Q2 2022. There is significant potential for increase as the current holdings are far below the highs of over 6% seen in 2020 and 2023, and well below the 12% level in 2015 [3][5][7]. - The report highlights that institutions are increasing their positions in sub-sectors such as AI applications and commercial aerospace, while still heavily invested in large models, intelligent computing, and domestic innovation [5][7]. - The top ten companies by number of institutional holders in Q4 2025 include Kingsoft Office, Southern Power Digital, iFlytek, Inspur Information, and others. In terms of market value, Kingsoft Office leads with 139 billion, followed by iFlytek with 108 billion [7][8]. Summary by Sections - **Institutional Holdings Analysis**: The report details that institutional holdings in the computer industry have fluctuated significantly over the past five years, with a notable rise to 6.2% in late 2022, followed by a decline to 2.1% in Q4 2024. The report emphasizes the potential for recovery given the historical context [5][6][7]. - **Sector Performance**: The report indicates that the computer sector is currently underweight, with a significant gap from previous highs, suggesting a favorable environment for future investment [5][6]. - **Key Companies**: The report lists the top ten companies by institutional holdings, noting changes in the composition of these holdings compared to Q3 2025, with new entries and exits among the top firms [7][8].

点击上方"公众号"可订阅哦！ 兴业证券计算机小组 蒋佳霖/孙乾/杨本鸿/ 陈鑫/ 张旭光/杨海盟/桂杨/罗池婧 图1、公募基金的计算机行业绝对配置比例(前十大持仓数: 图2、计算机行业的标准配置比例 ୧% 4. 73% 4. 92% 4 406% 4. 37% 39% 4. 39% 5% 44 354 4. 54% 4. 50% 4. 05 4. 3. 4. 30% 4. 249 4. 0 3. 68% 3.86% 3. 47 3. 74% 4% 3.62% 3. 2.3,75% ONG 2. 99% 2. 41% 3% 1. 89 74% 1. 77% 93% 2. 07% 1. 73% 数据来源:Wind,兴业证券经济与金融研究院整理 图3、公募基金的计算机行业相对配置比例(前十大持仓数: 12% 持有基金数最多的前二十名个股为:金山办公、海康威视、 潮信息、中科曙光、深信服、恒生电子、中科星图、合合作 、大华股份、润和软件、虹软科技、税友股份、拓维信息、 信息。 基金持有市值最多的前二十名个股为: 金山办公、科大讯ˉ 、同花顺、中科曙光、深信服、大华股份、恒生电子、中利 10. 709 PD PDJ P ...

Investment Rating - The report indicates a positive outlook for the computer industry, suggesting that it has fundamental support for investment and potential for future growth [1][2]. Core Insights - The computer sector is expected to experience a rebound in performance due to the recovery of the macro economy and advancements in AI technology, which are anticipated to enhance profitability [1][10]. - The report highlights a significant increase in demand for CPUs, driven by the rise of AI applications and the need for high-performance computing [16][19]. - The introduction of sandbox environments for AI agents is seen as a critical development, enhancing system security and performance in high-concurrency scenarios [22][29]. Summary by Sections Investment Allocation - In Q4 2025, the public fund allocation for the computer industry was 1.6%, a decrease of 0.8 percentage points from the previous quarter, ranking it 14th among 30 sectors [2][3]. - The top ten holdings in the computer sector included Inspur Information, Kingsoft Office, and Sangfor Technologies, with notable changes in the composition of these holdings [4][5]. Valuation Metrics - As of January 23, 2026, the PE (TTM) for the computer industry was 94.6x, placing it in the 94.80th percentile historically, while the PS (TTM) was 4.0x, in the 71.40th percentile [10][11]. - The report suggests that despite high PE levels, there is still room for growth in PS and PCF valuations as the market sentiment improves [10][11]. CPU Price Expectations - Intel and AMD are expected to raise server CPU prices by 10% to 15% in Q1 2026 due to supply constraints and increased demand from AI applications [16][21]. - The report emphasizes the growing importance of CPUs in AI workloads, particularly in managing complex tasks and ensuring system stability [19][40]. Key Investment Themes - The report identifies several key investment themes, including leadership in the digital economy, AIGC applications, and the importance of data elements and new industrialization [41][42]. - Specific companies recommended for investment include Inspur Information, Kingsoft Office, and various firms involved in AI and data solutions [41][42].