Group 1 - The core viewpoint of the news highlights the performance of the AI-themed index and ETF, with notable gains in specific stocks like iFlytek and Kunlun Wanwei, while the AI ETF shows significant trading volume and growth in assets [1][2] - As of January 28, the AI-themed ETF has a total asset size of 34.06 billion yuan, with a recent increase of 2.24 million shares over the past six months, indicating strong investor interest [1][2] - The AI-themed index consists of 50 companies involved in providing resources, technology, and application support for artificial intelligence, with the top ten stocks accounting for 58.08% of the index [2] Group 2 - The storage chip supply tightness and price increases driven by the AI infrastructure boom are expected to persist until 2027, potentially leading to a systematic upcycle in the chip industry [2] - Domestic chip manufacturers are expected to raise prices, reflecting enhanced pricing power and accelerated localization, which may improve gross margins and cash flow, supporting R&D and expansion [2] - The AI ETF closely tracks the performance of the AI-themed index, which is designed to reflect the overall performance of listed companies in the AI sector [2]

Core Viewpoint - The data indicates significant capital inflows into various stocks, highlighting investor interest in specific sectors and companies, with notable amounts flowing into BlueFocus and Kweichow Moutai among others [1][2][3] Group 1: Stock Performance and Capital Inflows - BlueFocus saw a capital inflow of 2.814 billion, with a price increase of 14.59% [2] - Kweichow Moutai experienced a capital inflow of 1.638 billion, with a price increase of 3.72% [2] - iFlytek had a capital inflow of 1.599 billion, with a price increase of 10% [2] - Northern Rare Earth attracted 1.397 billion in capital inflow, with a price increase of 8.34% [2] - Tianfu Communication received 1.090 billion, with a price increase of 5.09% [2] - Zhejiang Wenhu Interconnect had a capital inflow of 0.779 billion, with a price increase of 9.98% [2] - TCL Zhonghuan saw a capital inflow of 0.667 billion, with a price increase of 7.99% [2] - Baosteel received 0.608 billion, with a price increase of 4.23% [3] - Changxin Bochuang attracted 0.558 billion, with a price increase of 7.27% [3] - Jiejia Weichuang had a capital inflow of 0.553 billion, with a price increase of 11.6% [3] - Aerospace Science and Technology received 0.524 billion, with a price increase of 7.13% [3] - Yanshan Technology attracted 0.503 billion, with a price increase of 4.81% [3] - Shenghe Resources had a capital inflow of 0.486 billion, with a price increase of 10% [3] - Tianlong Group saw a capital inflow of 0.483 billion, with a price increase of 18.8% [3] - Kunlun Wanwei received 0.436 billion, with a price increase of 6.93% [3] - Junhai received 0.416 billion, with a price increase of 34.46% [3] - 360 had a capital inflow of 0.407 billion, with a price increase of 4.79% [3] - Xinke Mobile U attracted 0.400 billion, with a price increase of 5.92% [3] - Luzhou Laojiao received 0.395 billion, with a price increase of 5.54% [3]

一水 发自 凹非寺 量子位 | 公众号 QbitAI 把AI模型发布会开在Livehouse，昆仑天工你是懂氛围感的（doge）！ 虽然乍一听有点奇怪，但如果告诉你这里正在发布的是一款 音乐模型 ，估计你也就get到它的小巧思了。 先不说别的，咱这就火速品鉴一下这支由 新模型Mureka V8 提供BGM的MV： 在发布会现场，昆仑万维董事长兼CEO方汉表示： 为什么要把Mureka当品类来做？这其实和我们的使命有关——我们想让音乐变成每个人都拥有的表达方式，记录当下的心情、记忆、想 说的话等等。 而当好的AI音乐成为一种新品类，AI版"Spotify"（指旗下的Mureka）会成为行业的灯塔 ，能让创作者被看见，让作品被放大，让行 业形成新的共识。 而他所描绘的这一未来图景，也获得了高晓松及国内顶尖唱片公司负责人的认可。作为离产业一线最近的人，他们对好的AI音乐引发的变革浪 潮，感知也最为敏锐。 是不是很有韩国女团打歌的feeling了~不过从现场来看，这还只是Mureka V8实力的冰山一角—— 在各路音乐人实测中， 它一举打败硅谷顶尖音乐模型Suno V5，登顶垂类世界第一 。 而随着这一标志性节点的出 ...

据昆仑万维集团消息，1月28日下午，昆仑天工Mureka V8音乐大模型正式发布。据介绍，Mureka V8在 音乐性、编曲完成度、人声表达以及整体音质质感等多个关键维度实现同步提升，使AI音乐从"可生 成"进一步迈向"可发布"。昆仑万维透露，未来Mureka还将推出AI Studio，为进阶创作者提供更完整、 更可控的音乐创作环境，支持更深度的编辑、结构调整和创作管理，让AI真正融入专业创作流程。 (本文来自第一财经) ...

图源： B 站 UP 主「漫游会议室」 当然，AI 音乐并不是要取代人类创作者，反而更有可能帮助他们的作品出圈。这个月，FYI.AI 创始人、美国音乐团体 Black Eyed Peas 成员 Will.i.am 在接受采访时 表示，「AI 正在为创作者带来一场新的文艺复兴。」AI 的加入使得音乐创作变成了一种人机协作的融合形态。 1 月 28 日，国内 AI 音乐界扛把子昆仑天工，面向全球用户发布了 最新音乐大模型 Mureka V8 。 新模型在继续降低创作门槛、推动「人人都能成为创作者」的同时，旗帜鲜明地亮出了 AI 音乐进化为一种新音乐品类的概念。 今晚 8 点，由 Mureka 包揽词曲与编曲的 M:RA 女团主打歌曲《MCE》已经在 QQ 正式上线。同时与太和音乐联合发行了这首歌的 MV，气场十足，感觉一下子就 将我们拉进了打歌舞台现场： 机器之心编辑部 如今，AI 神曲传播的速度已经远远超出了我们的想象。 在 B 站，有这样一位音乐 UP 主「漫游会议室」，他将《西游记》中的经典人物「请进」录音棚，利用 AI 来填词、作曲。在三个多月时间里，创作出了 30 个作 品，大部分都是百万播放量，其中爆 ...

Core Insights - Kunlun Wanwei has launched the Mureka V8 music model, which surpasses the capabilities of the well-known AI music creation platform Suno in areas such as melody, vocal expressiveness, arrangement/structure, and emotional expression [2][6] Group 1: AI Music Model Development - The Mureka V8 model represents a significant advancement in AI music creation, with claims of a 10 to 100 times improvement in quality compared to earlier versions like V1.0 and V6.0 [3][7] - The chairman of Kunlun Wanwei, Zhou Yahui, expressed confidence that the music industry will undergo substantial changes due to the capabilities of the V8 model [3][7] Group 2: Industry Perspectives - Renowned musician Gao Xiaosong shared his views on AI's impact on the music industry, emphasizing that while he does not fear being surpassed by AI, he acknowledges the commercialization of music has led to a distortion of artistic values [2][6] - Gao Xiaosong highlighted the trend in the music industry where albums may contain a majority of mediocre tracks, with only a few standout songs, reflecting concerns over the commercialization of music [2][6]

Core Insights - Kunlun Wanwei has launched the Mureka V8 music model, which reportedly surpasses the capabilities of Suno in terms of melody, vocal expressiveness, arrangement/structure, and emotional expression and rendering [2][4] - The company has initiated the internal testing of the Mureka Studio tool, allowing musicians and music enthusiasts to create music using the AI model [2][4] - The Mureka Studio tool features capabilities such as single-track survival, local editing, and vocal accompaniment generation [2][4]

Investment Rating - The report maintains an "Outperform" rating for the media industry, indicating an expected increase of over 10% relative to the CSI 300 index in the next six months [1][37]. Core Insights - The report highlights a decrease in the allocation of public funds to media sector heavyweights, with a total market value of 40.569 billion yuan at the end of Q4 2025, down 31.70% from Q3 2025 [6][10]. - The gaming sector continues to see increased allocation, with a market value of 30.206 billion yuan, representing 74.46% of the total media sector allocation, marking a 1.14 percentage point increase [11][15]. - The report notes a concentration of investments in top gaming companies, with eight out of the top ten heavyweights being gaming firms, reflecting a strong institutional focus on this segment [20][21]. Summary by Sections Heavyweight Stock Allocation - The allocation of public funds to media heavyweight stocks has decreased, with a total market value of 40.569 billion yuan, down 18.825 billion yuan from Q3 2025, resulting in a 31.70% decline [6][10]. - The allocation ratio for media heavyweights is approximately 1.22%, down 0.56 percentage points from the previous quarter [10][11]. Gaming Sector Performance - The gaming sector's market value stands at 30.206 billion yuan, accounting for 74.46% of the total media sector allocation, with a 40.09% overweight ratio, the highest recorded [11][15]. - The top three sectors by market value are gaming, advertising, and film exhibition, with gaming showing the most significant allocation increase [11][15]. Individual Company Insights - The top ten media heavyweights include companies like Giant Network, Century Huatong, and Kaineng Network, with gaming companies dominating the list [20][23]. - Notable changes in the top ten include Mango Super Media dropping out and Kunlun Wanwei entering the list [20][21]. Hong Kong Stock Preferences - In the Hong Kong market, Tencent Holdings remains the largest heavyweight with a market value of 94.525 billion yuan, despite a decrease of 12.287 billion yuan [33][34]. - Meituan and Damai Entertainment have shown significant increases in both market value and the number of funds holding their stocks [33][34]. Investment Recommendations - The report suggests focusing on high-growth segments such as AI applications and gaming, which are expected to benefit from favorable policies and strong market demand [35][36]. - Recommended companies for investment include 37 Interactive Entertainment, Perfect World, Kaineng Network, and others [35][36].

Investment Rating - The report maintains a "Buy" rating for the industry, indicating a positive outlook for the sector's performance [5][29]. Core Insights - The report highlights the significant growth in AI applications, with OpenAI's annual recurring revenue (ARR) expected to exceed $20 billion by 2025, driven by advancements in computing power and product commercialization [3][26]. - The gaming sector shows strong performance, with top mobile games achieving high download numbers and revenue rankings, indicating robust consumer engagement [2][17]. - The film industry is experiencing a resurgence, with a total box office of 304 million yuan in the last week, and several films scheduled for release during the upcoming Spring Festival [22][24]. Market Performance - From January 19 to January 25, 2026, the media industry (Shenwan) increased by 1.98%, outperforming the Shanghai Composite Index, which rose by 0.84% [12]. - Within the media sector, advertising and marketing led the gains with a 6.05% increase, while digital media saw a decline of 3.96% [12][16]. Industry Key Data AI Applications - For the week of January 12 to January 18, 2026, the estimated iOS downloads for major AI applications were as follows: Deepseek at 238,700, Doubao at 2,100,900, Tencent Yuanbao at 807,000, and Qianwen Qimai at 1,233,700, with respective week-over-week changes of -14.52%, +0.87%, +2.27%, and +15.66% [2][17]. - The weekly token usage on the OpenRouter platform was 7.50 trillion, showing a slight decrease of 1.96% [2][17]. Gaming Data - The top five mobile games on iOS as of January 24, 2026, were "Honor of Kings," "Peacekeeper Elite," "Crossfire: Gunfight King," "Endless Winter," and "Arknights: End of the World," with "Arknights" achieving over 30 million downloads globally [2][19]. - Upcoming game releases include "Survival 33 Days" by 37 Interactive Entertainment, scheduled for February 15, and "EVE," an AI companion product by a company invested in by Kying Network, expected to launch on March 14 [21][26]. Film Data - The total box office for domestic films reached 304 million yuan, with "Return to Silent Hill" leading the weekly box office at 66.06 million yuan, accounting for 21.7% of the total [22][23]. - Four films have been scheduled for the Spring Festival, including "Fast Life 3" and "Silent Awakening" [24]. Investment Recommendations - The report recommends focusing on themes such as AI applications and cultural exports, with particular attention to sub-sectors like gaming, IP, short dramas, marketing, and publishing. Specific companies highlighted for investment include Giant Network, Kying Network, Perfect World, 37 Interactive Entertainment, Century Huatong, and others [3][27].

Investment Rating - The report maintains a "Buy" rating for the industry, indicating a positive outlook for the sector's performance [5][29]. Core Insights - The report highlights the significant growth in AI applications, with OpenAI's annual recurring revenue (ARR) expected to exceed $20 billion by 2025, driven by advancements in computing power and product commercialization [3][26]. - The gaming sector shows strong performance, with top mobile games achieving high download numbers and revenue rankings, indicating robust consumer engagement [2][17]. - The film industry is experiencing a resurgence, with a total box office of 304 million yuan in the week of January 19-25, 2026, and several films scheduled for release during the upcoming Spring Festival [22][23]. Summary by Sections Market Performance - From January 19 to January 25, 2026, the media industry (Shenwan) increased by 1.98%, outperforming the Shanghai Composite Index, which rose by 0.84% [12]. - The advertising and marketing sector led the gains with a 6.05% increase, while digital media saw a decline of 3.96% [12][16]. Key Industry Data AI Application Data - For the week of January 12-18, 2026, the estimated iOS downloads for major AI applications showed varied performance, with Deepseek down by 14.52% and Tencent's Yuanbao up by 2.27% [2][17]. - The weekly token usage on the OpenRouter platform was 7.50 trillion, reflecting a slight decrease of 1.96% [2][17]. Gaming Data - The top five mobile games on iOS as of January 24, 2026, included "Honor of Kings" and "Peacekeeper Elite," with "Tomorrow's Ark: The End of Days" entering the top five shortly after its release [2][19]. - Upcoming game releases include "Survival 33 Days" set for February 15 and "EVE," an AI companion app, expected to launch on March 14 [21][26]. Film Data - The total box office for domestic films reached 304 million yuan, with "Return to Silent Hill" leading the week with a box office of 66.06 million yuan [22][23]. - Four films have been scheduled for the Spring Festival, indicating a strong pipeline for theatrical releases [22][23]. Investment Recommendations - The report recommends focusing on themes such as AI applications and cultural exports, with specific attention to sub-sectors like gaming, IP, short dramas, marketing, and publishing [3][27]. - Notable companies to watch include Giant Network, Perfect World, and Kuaishou, among others [3][27].