国泰君安证券指出，大模型产业正从"技术探索"迈入"商业化验证"新阶段。其核心观点认为，行业竞争 焦点已从参数规模转向真实场景的任务执行效率和商业闭环能力。模型能力的持续提升与推理成本的显 著下降，正推动AI应用从"工具可用"加速迈向"价值可兑付"，2026年有望成为智能体（Agent）在金 融、工业等高价值领域规模化落地的关键拐点。 相关产品：创业板软件ETF华夏（159256）、创业板200ETF华夏（159573）、人工智能AIETF （515070）。 （文章来源：每日经济新闻） 消息方面，1月12日，苹果与谷歌联合宣布，双方已达成一项多年合作协议。根据协议，下一代苹果基 础模型将基于谷歌的Gemini模型及其云技术构建。这些模型将助力驱动未来的"苹果智能"功能，其中便 包括将于今年晚些时候推出的、更具个性化的Siri。这一合作标志着苹果在AI领域的重大战略调整。 在AI产业链中，软件行业主要处于中游技术层和下游应用层，扮演着核心技术支撑和应用落地的关键 角色。具体来看，软件行业在中游技术层主要提供AI框架、开发平台和算法模型，这些技术是AI应用 开发的基础。在下游应用层，软件行业通过将AI技术与各行业 ...

Group 1 - The 2026 International Consumer Electronics Show (CES 2026) has opened in Las Vegas, featuring over 4,100 exhibitors and an expected attendance of over 150,000, highlighting the latest innovations and trends in technology [2] - The event showcases a significant shift from "digital intelligence" to "embodied intelligence," with a rapid integration of artificial intelligence (AI) into physical hardware, drawing global attention [2] - Major chip companies like NVIDIA and AMD are presenting advanced AI computing infrastructure, with NVIDIA unveiling its next-generation AI chip platform "Rubin," which boasts a 3.5 times improvement in training performance and a 5 times improvement in inference performance compared to previous generations [4] Group 2 - AI applications are rapidly integrating into various sectors, with active users of AI increasing from 1 million to 1 billion since the launch of ChatGPT, and projections suggest that this number could reach 5 billion by 2030 [4] - Wondershare Technology (万兴科技) has released its multimedia large model 2.0, which shows a 90% performance improvement over version 1.0, excelling in professional camera movement and audio generation [5] - The company is enhancing its suite of creative software products, including the launch of Wondershare Filmora 2026, which offers a one-stop experience for video creation, significantly lowering the barriers for professional video production [5][7] Group 3 - In the document and drawing software sectors, Wondershare has introduced new AI features in its PDF and mind mapping software, significantly improving document processing efficiency and knowledge management [7] - The company is actively recruiting AI talent, with a "million salary plan" for campus recruits, offering competitive salaries that can reach up to 1 million for exceptional candidates, reflecting its commitment to building a strong AI workforce [7] - Wondershare is recognized as a leading player in the digital creative software market in China, with a global presence in over 200 countries and regions, and a cumulative active user base exceeding 2 billion, earning it the title of "China's version of Adobe" [7]

Group 1 - The A-share market's AI application sector continues to perform strongly, with companies like Di'an Diagnostics, Yidian Tianxia, and Tianlong Group hitting the 20% daily limit up, marking a three-day consecutive rise [1] - The AGI-Next summit initiated by Tsinghua University's key laboratory highlights a shift in large model competition from "Chat" to "Agent," focusing on executing complex tasks in real environments [1] - The acceleration of AI applications in the healthcare sector is notable, with Ant Group's "Antifufu" transforming into an AI health partner and quickly entering the top 3 of the Apple App Store, indicating strong consumer demand for integrated healthcare services [1] Group 2 - Citic Construction Investment Securities emphasizes that as model capabilities improve and costs for reasoning and long-window tasks decrease, AI downstream application scenarios are rapidly entering the commercialization verification phase, particularly in search & marketing, coding, multimodal, Agent, and AI for Science fields [2] - The stock performance of key companies in the AI sector shows significant year-to-date gains, with Yidian Tianxia up 87.36%, Di'an Diagnostics up 97.29%, and Tianlong Group up 82.26% [3]

每经AI快讯，1月13日，AIGC指数表现活跃，成分股中，易点天下触及涨停，值得买上涨13.35%，中 文在线上涨10.61%，海天瑞声上涨10.16%，万兴科技上涨10.03%。 （文章来源：每日经济新闻） ...

Core Insights - The 2026 International Consumer Electronics Show (CES) has opened in Las Vegas, showcasing over 4,100 exhibitors and expecting more than 150,000 attendees, highlighting the event's significance in the tech industry [1] - The event marks a shift from "digital intelligence" to "embodied intelligence," with AI increasingly integrated into physical hardware, drawing global attention [1] AI Hardware Developments - NVIDIA unveiled its next-generation AI chip platform "Rubin," which boasts a 3.5 times improvement in training performance and a 5 times enhancement in inference performance compared to its predecessor [2] - AMD introduced the MI440X AI chip designed for enterprise use, compatible with non-AI-specific infrastructure, facilitating scalable training and inference tasks [2] - Intel launched its third-generation Intel Core Ultra processor, the first built on the Intel 18A (1.8nm) process node, aiming to establish a broad AI PC core platform [2] AI Application Growth - Since the launch of ChatGPT, active users of AI have surged from 1 million to 1 billion, with projections indicating that this number could reach 5 billion by 2030 [2] - AI application companies are rapidly converting AI capabilities into practical productivity, with companies like Wondershare (万兴科技) leading the way through technological innovation and product application [2] Technological Innovations by Wondershare - Wondershare released its multimedia large model 2.0, which shows an average performance improvement of about 90% over version 1.0, excelling in professional camera movement and audio generation [3] - The company has enhanced its video, document, and drawing software products with AI capabilities, significantly lowering the barriers for professional video creation [3][6] - Wondershare's new video creative product, "Wondershare Filmora 2026," offers a one-stop experience from AI material generation to detailed editing [3] Document and Drawing Software Enhancements - Wondershare launched the updated document creative software "Wondershare PDF 2025," introducing new AI features that greatly enhance document processing efficiency [7] - The drawing software "Wondershare MindMaster V13" has upgraded its knowledge management capabilities through enhanced AI features [7] - The new "Wondershare Diagram V15" focuses on AI drawing and intelligent interaction, providing users with a more convenient chart creation experience [7] Talent Acquisition Strategy - Wondershare is intensifying its AI talent acquisition, launching a "Million Annual Salary Plan" for campus recruitment, attracting significant attention [7] - The company plans to issue over 500 high-value job offers, with average annual salaries for fresh graduates reaching 500,000 yuan and up to 1 million yuan for R&D talents [7] Market Position - Wondershare is recognized as a leading player in China's digital creative software sector, with a broad product coverage, substantial revenue, and a global presence in over 200 countries, boasting over 2 billion active users [7]

Group 1 - The Ministry of Industry and Information Technology, along with seven other departments, has issued the "Implementation Opinions on the Special Action of 'Artificial Intelligence + Manufacturing'," providing a clear roadmap for the development and application of the AI industry in China [1] - Domestic technology companies, including Wanxing Technology Group Co., Ltd., are actively engaging in AI technology innovation and application, driven by favorable policies and market trends [1] - Wanxing Technology has been deepening its AI layout in recent years, empowering global creators and facilitating the digital transformation of manufacturing and other sectors from the perspective of "creative productivity" [1] Group 2 - Wanxing Technology has developed a four-in-one AI creative software and office efficiency solution targeting the productivity pain points in knowledge-intensive industries like semiconductors [1] - The company's products, such as Wanxing Brain Map, Wanxing Diagram, Wanxing Project Management, and Wanxing PDF, provide various tools for knowledge management, project management, and PDF solutions, significantly reducing costs and improving efficiency [1] - Wanxing Technology's multimedia model 2.0 and Wanxing Meow Shadow 2026 offer cutting-edge AI solutions for content creation and distribution, with the average cost of generating a 5-second 1080P video segment being one of the lowest in the industry [2] - The company has become a key software supplier for several state-owned enterprises, serving clients in various sectors including electronic manufacturing, new energy, automotive manufacturing, finance, and education [2]

Core Viewpoint - The AI application sector is experiencing a significant surge, with many stocks in the ChiNext AI index hitting the 20% daily limit up, indicating strong market enthusiasm and potential for further growth [1][7]. Group 1: Market Performance - The ChiNext AI index has seen a cumulative increase of over 12% since the beginning of the year, outperforming the communication equipment index [10]. - Eight stocks, including BlueFocus, Toprays, and Han's Information, achieved the 20% limit up, with Epoint and Kunlun Wanwei showing particularly strong performance [1][7]. - The ChiNext AI ETF (159363) experienced a price increase of 7.85%, reaching a new high, with a trading volume exceeding 1 billion yuan and a net subscription of 352 million units [1][7]. Group 2: Industry Catalysts - Recent developments in AI, such as the rise of "Generative Engine Optimization" (GEO) and Elon Musk's announcement to open-source the latest content recommendation algorithm, are seen as catalysts for the AI application market [3][9]. - A report from招商证券 highlights the rapid improvement in LLM reasoning and multimodal capabilities, along with reduced training costs, accelerating the commercialization of AI applications [10]. Group 3: Investment Strategy - The current market is transitioning to a new phase where application-driven investments are prioritized, moving from infrastructure to practical applications of AI technology [5][12]. - The ChiNext AI ETF is positioned to benefit directly from the commercialization of AI technology, making it an attractive investment option for capturing growth in this sector [12].

Core Insights - The AI application sector is experiencing a significant surge, with multiple stocks in the ChiNext index hitting the 20% daily limit up, indicating strong market enthusiasm for AI-related investments [1] - The ChiNext AI ETF (159363) has seen a substantial price increase of 7.85%, reflecting a robust inflow of capital, with a net subscription of 352 million units [1][3] - The overall performance of the ChiNext AI index has outpaced the communication equipment index, with a cumulative increase of over 12% since the beginning of the year [3] Group 1: Market Performance - Eight stocks, including BlueFocus, Toprays, and Han's Information, achieved the 20% limit up, showcasing the bullish sentiment in the AI sector [1] - The ChiNext AI ETF has recorded a trading volume exceeding 1 billion yuan in a single day, indicating strong investor interest [1] - The current price of the ChiNext AI ETF is approaching its pre-dividend closing price, suggesting a potential "fill the gap" scenario, which reflects high industry optimism [1] Group 2: Industry Developments - New catalysts for AI applications have emerged, particularly the growing interest in "Generative Engine Optimization" (GEO) as a new AI sector [3] - Elon Musk announced the upcoming open-source release of the latest content recommendation algorithm for the X platform, which is expected to enhance AI capabilities [3] - A report from China Merchants Securities highlights the rapid advancement in AI applications, driven by improved reasoning capabilities and reduced training costs, with expectations for better revenue realization by 2026 [3] Group 3: Investment Strategy - The ChiNext AI index is structured to cover a wide range of assets from computing infrastructure to deep integration of AI technologies across various industries, indicating a strategic shift towards application-driven investments [4] - The market is perceived to have entered a new phase of AI investment, where applications are prioritized over mere computational power, emphasizing the importance of a dual strategy in "computing power + AI applications" [4]

12日，A股全线飙升，沪指午后涨超1%，创业板指涨近2%，北证50指数大涨超5%；港股亦走高，恒生 指数涨超1%，恒生科技指数涨超3%。 具体来看，两市股指早盘震荡上扬，午后再度攀升，沪指涨超1%，续创逾10年新高；创业板指逼近 3400点，创4年新高。截至收盘，沪指涨1.09%报4165.29点，续创逾10年新高；深证成指、创业板指涨 近2%，北证50指数涨5.35%，沪深北三市合计成交约3.64万亿元，突破前期高点，创历史新纪录。 全A超4100股飘红，逾200股涨停。AI应用概念集体爆发，万兴科技（300624）、海天瑞声、昆仑万维 （300418）等涨停，星环科技尾盘亦涨停续创新高；商业航天概念热度不减，邵阳液压（301079）4日 大涨超100%，创历史新高；天力复合、铂力特、理工导航等均创新高；脑机接口概念午后拉升，道氏 技术（300409）20%涨停，倍益康、爱朋医疗（300753）等涨超10%。此外，16倍大牛股天普股份 （605255）复牌跌停。 脑机接口概念活跃 脑机接口概念盘中强势拉升，截至收盘，道氏技术20%涨停，创历史新高，熵基科技（301330）涨超 17%亦创新高，倍益康、爱朋医 ...

Group 1 - The market experienced a significant rally on January 12, with all three major indices rising over 1%, and the total trading volume in the Shanghai and Shenzhen markets reaching 3.6 trillion yuan [1] - The Software ETF fund (561010) hit the daily limit, increasing by 9.97%, with a turnover rate of 30.33% and a transaction volume of 49.55 million yuan, indicating active market trading [1] - Key stocks in the software sector, including Torus, New Point Software, and Keda Guokuan, among others, also reached the daily limit [1] Group 2 - According to Dongfang Securities, the upcoming release of the DeepSeek V4 model in mid-February is expected to surpass mainstream models in programming tasks and has made significant improvements in handling long code prompts [2] - Major internet companies are accelerating their AI application strategies, with Alibaba launching the "Qianwen" app for personal AI assistance and Ant Group releasing a multimodal assistant named "Lingguang" [2] - The Software ETF fund closely tracks the CSI All-Share Software Development Index, providing investors with analytical tools to assess the performance of various industry companies [2]