一水 发自 凹非寺 量子位 | 公众号 QbitAI 掌权苹果14年的库克，正在进入退休倒计时！ 金融时报最新爆料，这家公司正在加快其CEO换届步伐—— 现任CEO库克最早将于明年退休 ，而最有可能接棒的人是John Ternus （苹果现任硬件工程高级副总裁） 。 老实说，库克退位这事儿也不是第一天传出了。 上个月初，外媒就曝出苹果正筹划十多年来最大规模的领导层换届。而此前一度被公认为是库克继任者的COO威廉姆斯 （库克接棒乔布斯时 就是COO） ，当时就被爆料已于今年7月卸任，并将于年底离开苹果。 而随着威廉姆斯的正式"出局"，John Ternus的名字其实就已经开始被更频繁地提起。 所以说，如果这次"库克加快让位"的爆料属实 （截至目前苹果未回应相关置评请求） ，那只能说明一件事—— 苹果是真的急了 。 也正因如此，此轮关于"库克接班人"的讨论，看起来声势也似乎远超以往。 就连一个随机发起的投票 （你认为John Ternus能接棒乔布斯库克吗？） ，都瞬间引来大量围观和讨论。 所以，John Tenus到底是谁？他真的能接棒库克吗？ 头号种子选手：John Tenus John Tenus，苹果现任 ...

Investment Rating - The investment rating for the computer industry is "Positive" (maintained) [1] Core Views - The report highlights that domestic AI capabilities are continuously improving and gaining global recognition, with significant advancements in computing power, large models, and application sectors [6][12] - Baidu's new Kunlun chips M100 and M300 are set to launch in 2026 and 2027 respectively, indicating a strong push in domestic AI computing power [4][10] - Alibaba's "Qianwen" project aims to create a personal AI assistant to compete with ChatGPT, showcasing the rapid development of domestic AI models [5][11] Summary by Sections Market Review - During the week of November 10-14, 2025, the CSI 300 index fell by 1.08%, while the computer index dropped by 3.03% [3][13] Company Dynamics - Fourth Paradigm reported a total revenue of RMB 4.402 billion for Q3 2025, a year-on-year increase of 36.8% [14] - Digital政通's subsidiary won a significant project with a contract value of RMB 108.90 million [15] - Shenzhou Digital announced an employee stock ownership plan with a fundraising cap of RMB 360.22 million [16] Industry Dynamics - Baidu's Kunlun chip M100 is expected to launch in early 2026, while OpenAI has released the GPT-5.1 series [20][27] - The report notes that domestic AI computing power is reshaping the competitive landscape by reducing reliance on foreign manufacturers [4][10]

Group 1 - Douyin has removed low-priced links for Moutai products, indicating a commitment to regulate misleading sales practices [2] - The majority of Moutai sales links now feature official stores, with third-party low-priced listings taken down [2] - Merchants are awaiting platform assessments to determine if they can continue selling Moutai [2] Group 2 - Xiaomi plans to increase investment in 6G technology research and standardization, having showcased its AI wireless technology prototype at a recent forum [3] - The prototype supports various deployment configurations and aims to leverage AI for data transmission [3] - This move positions Xiaomi to gain a competitive edge in the emerging 6G market [3] Group 3 - Over 80% of winter wheat has been planted nationwide, with significant progress in key regions like Huang-Huai-Hai [4][5] - The recent favorable weather conditions have accelerated the planting process [5] Group 4 - Walmart's CEO Doug McMillon will step down at the end of January, amid challenges such as tariffs and changing consumer demands [6] - This unexpected leadership change comes as the retail giant faces significant industry transformations [6] Group 5 - Bilibili announced 40 new domestic animation projects, including adaptations of popular IPs [7] - The company is collaborating with Shenman Culture for the adaptation of a popular web novel [7] Group 6 - The openEuler community has released a new operating system version supporting super nodes, along with an AI solution [17] - This release marks a significant step in the community's development and collaboration with various enterprises [17] Group 7 - Tim Cook may step down as Apple's CEO as early as next year, with John Ternus seen as a potential successor [18] - The transition plan is reportedly unrelated to the company's current performance [18] Group 8 - Elon Musk stated that the perception of overpopulation is misleading, suggesting that the Earth's population could fit in a single building in New York [19] - He emphasized that much of the Earth remains sparsely populated [19] Group 9 - Shanghai police have cracked down on illegal drone activities, resulting in over 2,500 cases since the initiative began [20] - The crackdown has led to increased registration of drone operators and equipment [20] Group 10 - Musk's X platform has launched a new chat feature aimed at enhancing user communication experiences [21] - This feature integrates audio and video calling, as well as file sharing, into the platform [21]

伴随着电商激战，跳转广告问题愈演愈烈。今年双11淘宝闪购零售订单同比去年增长超2倍，天猫品牌 即时零售日均订单环比9月增长了198%。 双11大促战报，即时零售成关键 11月14日淘宝发布的战报显示，今年双11淘宝闪购零售订单同比去年增长超2倍，天猫品牌即时零售日 均订单环比9月增长了198%。 美团闪购数据显示，10月31日至11月11日，美团闪购平台成交额、下单用户数和人均消费金额创下新 高。 苹果官宣小游戏15%佣金率 有市场消息称苹果、腾讯就小游戏内购抽成15%佣金达成一致，北京时间11月14日，苹果在官网确认了 这一消息。"苹果App Store支持小程序（Mini Apps）和小游戏。"苹果表示，参与小程序合作伙伴计划 的成员可以获得符合条件的应用程序内购买销售额的85%。美股周四，苹果股价下跌0.19%。 京东数据显示，京东外卖入驻超200万家品质餐厅，双11期间合作的TOP300餐饮品牌日均订单量较外卖 上线首月增长13倍。 点评：天使投资人、网经社电子商务研究中心特约研究员郭涛对此表示，即时零售的爆发标志着电商竞 争进入"远场+近场"混合新阶段。传统电商以全国物流为核心的"远场"模式，正与本 ...

来源：环球网 【环球网科技综合报道】11月16日消息，据路透社报道，当地时间周五，美国加州联邦陪审团作出裁 定，认定苹果公司的Apple Watch在血氧检测相关技术上侵犯医疗监测技术企业Masimo的专利，涉及运 动模式与心率通知功能，苹果需向Masimo支付约6.34亿美元赔偿金。 苹果公司对该判决结果表示异议，明确将提起上诉。Masimo则在声明中强调，这一裁定是其保护自身 创新成果与知识产权的重要胜利。 此次判决是双方长期专利纠纷的最新进展。Masimo此前指控苹果挖走其核心员工，盗用脉搏血氧检测 技术并应用于Apple Watch产品。这一争端曾引发连锁反应，2023年美国国际贸易委员会（ITC）已认定 苹果侵权，下令禁止进口Apple Watch Series 9和Ultra 2两款产品。为规避进口禁令，苹果曾暂时移除产 品中的血氧检测功能，直至今年8月推出经美国海关与边境保护局批准的更新版本。 目前相关法律程序仍在推进。ITC于本周五宣布将启动新程序，核查苹果更新后的手表是否仍需受进口 禁令约束；Masimo针对海关批准决定的诉讼尚未审结，苹果也已就此前的进口禁令向联邦上诉法院提 起挑战。 双方 ...

以下文章来源于董车会 ，作者关注明日出行的 董车会 . 造车新时代，明日出行家 来源丨 董车会（ Time2Drive） 作者丨李华 图源丨Midjourney 特斯拉的 CarPlay，可能很快就来了。 根据彭博社援引知情人士的说法，特斯拉目前正在开发和测试对于 CarPlay 的支持，并计划在未来几个月内推出这一功能。 据报道，苹果当时从特斯拉挖走了不少工程师，其中不乏一些高级别的工程管理人员。比如前特斯拉首席车辆工程师、负责 Model 3 生产的 Doug Field，他就在 2018 年重回苹果执掌泰坦计划，此外还有前特斯拉驱动系统副总裁 Michael Schwekutsch 等人。 马斯克的反应非常直接。他在 2015 年接受德国《商报》采访时说： 他们（苹果）雇了我们解雇的人，所以平时我们都把苹果叫做「坟场」。如果你在特斯拉干不下去，你就去苹果上班。我不是在开玩笑。 当然，拒绝 CarPlay 也不全是马斯克的个人情绪。 外媒 Electrek 在报道中提到，马斯克其实在十年前也暗示过会研究类似的手机映射功能，但这个想法貌似很快就消失了，特斯拉转而全力投入自研系 统。这种坚持，更多是出于特斯拉 ...

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, continues to sell off Apple shares while investing $4.3 billion in Alphabet, reflecting a strategic shift in its investment approach [1][4][7]. Group 1: Stock Transactions - In Q3, Berkshire Hathaway reduced its Apple holdings from 280 million shares to 238.2 million shares, selling nearly three-quarters of its original 905 million shares [5][6]. - The total market value of Berkshire's stock portfolio increased to $267 billion, up 3.4% from the previous quarter [4]. - Berkshire also sold shares in American Bank, Verizon, and DaVita, while increasing its stake in Chubb by 429,000 shares [4][6]. Group 2: Investment in Alphabet - Berkshire established a new position in Alphabet by purchasing 17.84 million shares, making it the company's tenth-largest holding [7]. - Alphabet's stock has surged 46% this year, driven by strong growth in its cloud business amid the AI boom [7]. - Alphabet reported Q3 revenue of $102.35 billion, a 16% year-over-year increase, exceeding Wall Street expectations [7]. Group 3: Leadership Transition - Warren Buffett will hand over the CEO position to Greg Abel by the end of the year, expressing confidence in Abel's leadership [2][10]. - Buffett acknowledged his regret for not investing in Google earlier, despite recognizing its advertising potential [9]. Group 4: Market Outlook - Buffett has expressed concerns about the high valuations in the stock market, noting that the total market capitalization of publicly traded stocks relative to the GNP has reached historical highs [5]. - Berkshire holds a record cash reserve of $381.6 billion, indicating a cautious approach to current market conditions [11].

Group 1: AI Bubble Concerns - Investor anxiety regarding a potential "AI bubble" has reached unprecedented levels, with Google searches for the term skyrocketing to a new all-time high, peaking at 100 on October 2, indicating widespread public and investor interest [3] - The "Magnificent 7" technology companies—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—now account for a record 37% of the S&P 500's total market capitalization, raising concerns about market concentration risk [4] - AI-related capital expenditures have surpassed U.S. consumer spending as the primary driver of economic growth in the first half of 2025, contributing 1.1% to GDP growth [4] Group 2: Economic Approval Ratings - Public confidence in former President Donald Trump's handling of the economy has significantly eroded, with only 33% of U.S. adults approving of his management, a drop from 43% in March [5] - A CNN/SSRS poll shows Trump's overall approval rating at 37% and his disapproval rating at a high of 63%, with 61% of respondents believing his policies have worsened the economy [6] Group 3: US-China-EU Trade Tensions - Global trade tensions between China, the U.S., and the EU are expanding beyond traditional sectors, now encompassing critical goods such as soybeans, electric vehicles, batteries, and semiconductor chips [7] - Tariffs on semiconductors imported from China are set to double from 25% to 50% starting in 2025, while tariffs on electric vehicles will surge from 50% to 100% later this year [8] - A recent "one-year trade truce" between China and the U.S. addresses critical issues in rare earth exports and agricultural purchases, with China committing to significant agricultural purchases, including 12 million metric tons of soybeans this season [10]

Core Viewpoint - Tim Cook may step down as Apple's CEO next year after 14 years, with John Ternus, the current Senior Vice President of Hardware Engineering, being the likely successor [2][7]. Group 1: Leadership Transition - John Ternus has been with Apple since 2001 and has played a significant role in the engineering design of major hardware products [2]. - The announcement of a new CEO is expected to follow the company's earnings report in January, allowing the new management to acclimate before key events like WWDC and the iPhone launch [2]. - The succession plan has been in place for some time and is not related to Apple's current performance [2]. Group 2: AI Strategy and Competition - Apple has been criticized for its low investment in AI compared to competitors like Meta, Amazon, Alphabet, and Microsoft, and lacks a clear AI strategy [3]. - Despite this, Apple's stock has become a "safe haven" for investors amid concerns over the high spending of other tech companies on AI [4]. - Apple has allocated "billions" for the development of its own cloud-based large model by 2026, but is still evaluating whether to use existing models from OpenAI or Anthropic for the new Siri [4][5]. Group 3: Talent Retention and Market Position - Since January, several key AI executives have left Apple, with many joining Meta, including Ruoming Pang, who led Apple's foundational model and core generative AI team [6]. - Apple faces competition from former executives, such as Jony Ive, who joined OpenAI after its acquisition of a startup for approximately $6.5 billion [6]. - Under Cook's leadership, Apple's market value has grown from $350 billion to $4 trillion, with the company becoming the first to surpass a $1 trillion market cap in 2018 and $3 trillion in 2022 [6][7].

北京时间11月15日，巴菲特旗下伯克希尔·哈撒韦公司披露2025年第三季度持股报告（13F）。在巴菲特 宣布将于今年底正式交班后，伯克希尔在第三季度出手买入美国大型科技股——谷歌-A。与此同时， 伯克希尔继续减持苹果股票，且第三季度总体为股票净卖出。截至今年三季度末，伯克希尔的持仓市值 为2673亿美元，公司在二季度末的持仓市值为2575亿美元。据第三方网站WhaleWisdom统计，在资金流 动上，伯克希尔第三季度为股票净卖出。 调仓换股方面，伯克希尔三季度新买进Alphabet约1785万股，这是伯克希尔首次建仓谷歌母公司，这些 Alphabet股份市值约为43.4亿美元，在整体持仓中占比为1.62%，持仓排名位列第十。无论是从持仓市值 变化还是从持仓占比的变化来看，Alphabet都是伯克希尔三季度买入最多的个股。有分析认为，建仓 Alphabet可能是由伯克希尔的投资经理Todd Combs或Ted Weschler进行的，这两人此前在科技股领域更 为活跃。伯克希尔在三季度进一步抛售苹果。报告显示，伯克希尔三季度减持苹果约4179万股，持股数 较二季度末环比减少逾14.92%。 ...