上海国际能源交易中心：调整原油、低硫燃料油品种套保持仓额度自动转化标准 ★ 宏观动态 ★ 3月18日，上海国际能源交易中心发布关于调整原油、低硫燃料油品种套保持仓额度自动转化标准的通知。 经 研究决定，根据《上海国际能源交易中心交易细则》第四十六条，原油、低硫燃料油品种各合约自2026年3月 最后一个交易日起，未取得临近交割月份套期保值交易持仓额度的非期货公司会员、境外特殊非经纪参与者或 者客户，其一般月份套期保值交易持仓额度在进入临近交割月份（交割月前第二月和交割月前第一月）时，自 动转化的临近交割月份买入及卖出套期保值交易持仓额度均暂调整为0手。 乘联分会：3月1—15日全国乘用车新能源市场零售28.5万辆，同比下降28% 乘联分会公布数据显示，3月1—15日，全国乘用车新能源市场零售28.5万辆，比去年3月同期下降28%，较上 月同期增长36%，今年以来累计零售134.5万辆，同比下降26%；3月1—15日，全国乘用车厂商新能源批发32.5 万辆，比去年3月同期下降19%，较上月同期增长47%，今年以来累计批发191.4万辆，同比下降10%。 深圳市黄金珠宝首饰行业协会发布关于规范黄金行业经营行为的倡议 ...

日前，一张关于科大讯飞将对技术岗进行大幅裁员的截图流传。有媒体向科大讯飞公关副总裁韩煜尘进行求证，韩煜尘回应称：假的。 3月18日下午，据"合肥警方"微信公号消息，2026年3月17日23时许，公安机关接到合肥市高新区某科技公司报案，称有人在网上捏造散布该公司裁 员虚假信息，损害企业声誉。 经查，沙某（男，31岁）为博取关注，在网上杜撰该公司"向政府备案裁员30%"等不实信息，引发网民关注，造成恶劣社会影响。 目前，沙某已被公安机关依法处以行政拘留。请广大网民遵守法律法规，不造谣，不信谣，不传谣，共同维护清朗网络空间。 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 ...

2026.03. 18 本文字数：696，阅读时长大约1分钟 来源 | 国际金融报、合肥警方 据国际金融报，3月中旬，一场关于"裁员"的风波将人工智能公司科大讯飞推向舆论中心。 近期，在职场社区平台脉脉上，陆续出现有关科大讯飞裁员的内容。另外，记者注意到，在社交平台 小红书上，有多个IP显示位于安徽的用户表示，接到被裁通知。 3月17日，科大讯飞大规模裁员的相关截图和聊天记录在微信群内广泛流传，透露的信息包括"技术 岗裁员70%""正编裁30%，外包裁70%""赔偿只有0.6N"等。 当日晚间，针对科大讯飞将对技术岗进行大幅裁员一事，科大讯飞公关副总裁韩煜尘回应媒体表示， 消息为假。 3月18日下午， 合肥警方 通报： 3月17日23时许，公安机关接到合肥市高新区某科技公司报案， 称有人在网上捏造散布该公司裁员虚假信息，损害企业声誉。 经查，沙某（男，31岁）为博取关注，在网上杜撰该公司"向政府备案裁员30%"等不实信息，引发 网民关注，造成恶劣社会影响。目前，沙某已被公安机关依法处以行政拘留。 请广大网民遵守法律法规，不造谣，不信谣，不传谣，共同维护清朗网络空间。 爱企查App显示，科大讯飞股份有限公司成立 ...

完整早报音频，请点击标题下方小耳机收听 【马斯克点赞Kimi新架构，17岁高中生作者一战成名】 AI领域的创新先锋月之暗面（Kimi）团队近日发布了一项 突破性的研究，提出名为"Attention Residuals"的神经网络架构改进技术，成功将Transformer中的核心"注意力 机制"理念创新性地应用于网络深度维度，显著提升了大模型的训练效率。该研究引发了全球AI社区的高度关注，包 括埃隆·马斯克在内的多位科技领袖均在社交网络上表达了赞叹。 这项重磅研究由三位研究者共同担任第一作者，其中最引人注目的是年仅17岁的高中生研究员陈广宇。另外两位共 同一作分别是Kimi核心成员、著名旋转位置编码RoPE的提出者苏剑林，以及Kimi Linear架构的第一作者张宇。 （创业邦） 【蚂蚁集团董事长井贤栋向母校上海交大捐赠 1.3 亿】 3 月 17 日，上海交通大学建校 130 周年之际，井贤栋捐 赠签约暨校董聘任仪式在闵行校区文博楼举行。蚂蚁集团董事长、 1994 届本科校友井贤栋与同为 1994 届本科校 友的夫人，共同向母校捐赠价值 1.3 亿元的现金和蚂蚁集团股份，用于支持上海交大" AI 未来基石基金 ...

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 ...

以下文章来源于中国企业家杂志 ，作者郭立琦 中国企业家杂志 . 讲好企业家故事，弘扬企业家精神 来源|中国企业家杂志 作者|郭立琦 2003年，30岁的刘庆峰第一次当选全国人大代表。 彼时，他创立的科大讯飞刚成立4年，正要穿越初创公司所谓的"5年生死线"，人工智能对于大多数人来说还是一个陌生的概念。20多年后，人工智 能正在融入并改变日常生活，科大讯飞也从一家专攻语音技术的科技公司，成长为一家软硬件人工智能解决方案提供商。曾经的"创业青年"变成 了"创业中年"——他依旧在路上、在行业的最前端。 行业变化太快了，似乎每天都有让人或惊喜或焦虑的信息涌来，人类历史上第一次出现这样巨大而快速的浪潮将所有人席卷其中。 在刘庆峰眼里，这或许是自己二次创业的最佳契机。 2023年，科大讯飞搭建了首个全国产算力平台"飞星一号"，并发布全链条自主可控的"讯飞星火大模型"。 2025年，它发布了业内首个基于全国产算力训练的深度推理大模型"讯飞星火X1"。 与此同时，多年在产学研一体化上的探索，让刘庆峰对人工智能及其影响有着比常人更为客观、理性和乐观的认知。 因此，今年全国两会期间，刘庆峰将关注重点聚焦在系统应对AI时代就业变革、 ...

Investment Rating - The report maintains a "Buy" rating for the computer industry [2]. Core Insights - OpenClaw is an open-source AI Agent framework that enhances large language models (LLMs) from mere conversational tools to autonomous execution systems, enabling deep automation of tasks on personal devices [7][14]. - The report highlights that OpenClaw can significantly improve work efficiency, with a clear growth potential as performance and security measures continue to evolve [64]. - The industry is currently focused on enhancing product usability and strengthening security measures, leading to increased competition in standard-setting and ecosystem development [64]. Summary by Sections OpenClaw Features and Applications - OpenClaw integrates with multiple messaging platforms and supports over 600 practical skills across various scenarios, allowing users to automate tasks like file management and scheduling [14][21]. - It features a persistent memory system that retains knowledge and context, enhancing the agent's ability to perform tasks over time [25][26]. - The framework supports both full-access and sandbox modes for system operations, balancing functionality and security [30]. OpenClaw Capability Boundaries and Future Outlook - OpenClaw has room for improvement in security, cost management, and engineering optimization, but it is already positioned to significantly enhance work efficiency [64]. - The report identifies key investment opportunities in AI hardware, model development, software consulting, and data center operations, suggesting companies like Cambricon, Inspur, and Alibaba as potential investments [7][64]. Investment Recommendations - The report suggests focusing on companies in various sectors: - AI hardware: Cambricon, Inspur, Unisoc - Model development: Zhiyuan, MiniMax, Alibaba, Tencent - Software consulting: Hand Information - AI foundational software: Star Ring Technology, Zhuoyi Information, Paradigm Intelligence - Data center operations: Wangsu Technology, Baoxin Software, YunSai Zhilian [7][8].

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The "AI+" product trend is gaining momentum, driven by technological breakthroughs and consumer demand for smarter products and services [18][26] - The market for AI wearable devices is expected to grow rapidly, reaching 215 billion yuan by 2030, with a CAGR of 25.8% [50][51] - The AI toy market is projected to exceed 35 billion USD globally by 2030, with China being a key growth engine [81][85] Market Overview - The report highlights a multi-departmental push in 2025 to promote "AI+ consumption," aiming to accelerate the development and application of new technologies such as autonomous driving and smart home devices [15][17] - By 2027, the initiative aims to establish three trillion-level consumption fields and ten hundred-billion-level consumption hotspots [17] AI+ Product Trends - The report identifies a shift in consumer expectations towards personalized, customized, and experiential products, moving away from standardized offerings [26][28] - The rise of experience economy is changing product value from single functionality to comprehensive experiences [28] AI Technology Evolution - The report outlines the evolution of digital consumption in China, with online retail sales reaching 15.4 trillion yuan in 2023, accounting for approximately 27.6% of total retail sales [32] - The penetration of smart IoT devices in households is increasing, with over 16 billion active devices globally in 2023 [33] AI Applications Across Industries - AI technology is being integrated into various sectors, including beauty, retail, healthcare, and education, enhancing efficiency and user experience [37][40] - In retail, AI is used for personalized marketing, inventory management, and service upgrades [37] AI Hardware Trends - The report notes a significant shift towards AI hardware, with the demand for AI inference computing power expected to grow over 60% globally by 2026 [42] - The market for edge AI is projected to exceed 1.5 trillion USD, indicating a strong trend towards localized AI processing [42] AI Wearable Devices - The AI wearable device market is expected to see explosive growth, with smartwatches leading the way, and new forms like AI glasses and rings gaining traction [50][51] - Key features of AI wearables include health monitoring, multi-modal interaction, and personalized experiences [53] AI Toys Market Dynamics - The AI toy market is characterized by rapid growth, with educational robots and smart programming toys expected to dominate sales by 2025 [86] - The competition in the AI toy market is intensifying, with traditional manufacturers, IP operators, and tech companies vying for market share [89] Consumer Insights - The report emphasizes the importance of understanding consumer needs across different demographics, including students, parents, and elderly users, to tailor AI products effectively [100][102]

Investment Rating - The report assigns a "Buy" rating for the industry, predicting that the stock price will outperform the Shanghai Composite Index by 15% or more within the next six months [49]. Core Insights - OpenClaw is an open-source autonomous AI virtual assistant software project designed to perform complex tasks autonomously based on user instructions, marking a significant advancement from traditional chatbots [4][15]. - The demand for AI agents is expected to accelerate, with the number of agents in Chinese enterprises projected to exceed 350 million by 2031, achieving a compound annual growth rate of over 135% [5][24]. - The release of GPT-5.4 enhances the capabilities of AI agents, allowing them to perform complex workflows across software applications, which is crucial for the commercial viability of OpenClaw [5][28][31]. - OpenClaw's rise is anticipated to have three major impacts on the industry: it will likely become one of the first application scenarios for AI agents, increase token consumption significantly, and boost the demand for domestic large models [6][34]. Summary by Sections 01 OpenClaw: A New Era of AI Employees - OpenClaw is an open-source AI agent project developed by Peter Steinberger, initially released as Clawdbot in late 2025 and later renamed [11]. - It is designed to autonomously execute tasks for users, offering capabilities such as file operations, process orchestration, and multi-platform interactions [15][19]. 02 Demand Side: Expansion of Agent Demand - AI agents are seen as a feasible direction for application deployment, with their proactive capabilities distinguishing them from traditional AI assistants [21]. - The growth in agent numbers and token consumption in China is expected to accelerate, driven by advancements in local models and supportive industrial policies [24]. 03 Supply Side: Continuous Iteration of Large Models and Strengthening of Underlying Technologies - The release of GPT-5.4 marks a significant advancement in AI capabilities, particularly in enhancing agent functionalities [28]. - The ongoing improvements in large model technologies are crucial for the commercial success of AI agents like OpenClaw [31]. 04 Impact of OpenClaw's Emergence on the Industry - OpenClaw is gaining rapid popularity, surpassing many established projects on GitHub, indicating its potential as a leading application scenario for AI agents [34]. - The increase in token consumption associated with OpenClaw is expected to drive demand for computing power and cloud services [40]. - The demand for domestic large models is anticipated to rise, with OpenClaw primarily utilizing Chinese models, which may accelerate their international expansion [41]. 05 Investment Recommendations - Beneficial stocks include companies involved in large models and applications, as well as those providing computing infrastructure, indicating a broad investment opportunity in the AI sector [46].

Core Insights - The report identifies three main engines driving the transformation of the new consumption sector: AI + consumption, emotional economy, and new quality retail [2][3][4] AI + Consumption - AI technology is seen as a catalyst for consumption, with the potential to become a market hotspot. By the first half of 2025, the user base for generative AI products in China is expected to reach 515 million, a growth of 266 million from December 2024, with a penetration rate of 36.5% [2] - AI technologies such as large models, chips, embodied intelligence, and digital innovations are expected to comprehensively upgrade consumer goods across production, supply chain, and operational selection [2] Emotional Economy - Changes in economic demographics are giving rise to an emotional consumption market projected to reach 4.5 trillion yuan. The emotional consumption market in China is expected to grow from 1.63 trillion yuan in 2022 to 2.72 trillion yuan in 2025 and exceed 4.5 trillion yuan by 2029 [3] - Emotional consumption scenarios are rapidly expanding, with trends in collectibles, shopping, cultural tourism, pets, technology, and dining gaining traction among younger consumers [3] New Quality Retail - The shift from traditional retail to new quality retail focuses on enhancing consumer experience and value reconstruction. New quality retail includes aspects like quality-price ratio consumption and instant retail, optimizing supply-side offerings [4] - For instance, Sam's Club in China is projected to achieve sales of over 140 billion yuan by 2025, with online business accounting for about 50% of its sales [4] Investment Opportunities - Key companies to watch in the AI + consumption sector include Luxshare Precision, Goertek, DJI, and Xiaomi in various AI product categories [5] - In the emotional consumption space, companies like Laopuhuangjin and Chaohongji are highlighted, along with brands in outdoor sports and beauty sectors [5] Market Overview - The overall consumption industry in 2025 is expected to show structural changes, with a focus on upgrading consumption quality and enhancing consumer experiences [19][29] - The report emphasizes the importance of policies aimed at boosting domestic demand and consumption, which are expected to continue into 2026 [28][29] Economic Context - The contribution of final consumption expenditure to GDP growth in China is projected to remain significant, with a contribution rate of 53.5% in the first three quarters of 2025, reflecting a 9 percentage point increase from the previous year [18][36] - The report notes that the consumer market in China still has substantial growth potential, with the final consumption expenditure expected to rise from approximately 57% to 60% of GDP by the end of the 14th Five-Year Plan [28][36] Demographic Trends - The report highlights the aging population and declining birth rates in China, with the Z generation gradually becoming the main consumer force. This demographic shift is expected to drive new consumption patterns focused on emotional value and sustainability [40][41] Future Outlook - The report anticipates that 2026 will be a pivotal year for the integration of AI technology into the consumption sector, creating new market opportunities and innovative products [45][46] - The AI + consumption landscape is expected to evolve with advancements in AI-powered products, including smart home devices and wearables, which are projected to reshape consumer lifestyles [62][63]