岁末年初，上海人工智能领域的企业上市潮持续翻腾。 1月9日，MiniMax（稀宇科技）正式登陆港股资本市场。早盘高开一度涨超50%，市值破763亿港元， 成史上IPO规模最大的AI大模型公司。一天前，天数智芯正式登陆香港联交所主板，上市首日股价高开 31.54%。一周前，壁仞科技在港交所上市，成为港股"国产GPU第一股"。算上2025年12月中下旬先后上 市的沐曦股份和英矽智能，近一个月内上海五家AI企业接连上市。 而面对如此浪潮，要找寻牵动它的引力所在，目光或许可以投向一年前。 2024年末，上海正式发布《关于人工智能"模塑申城"的实施方案》。这一方案提出了关于世界级人工智 能产业生态的构想，并从基础底座、关键生产力工具、重点垂直领域、创新应用生态等方面全方位地进 行了布局。 在人工智能的产业赛道上，"模塑申城"正如其名，是一个面向全城的智能生态布局。企业在新兴赛道上 快速起跑、飞跃，背后有政策的托举，这是上海的"战略敏捷"。在研发难度大、周期长、投入高的领域 上，上海的"战略定力"也给予足够的支撑，等一朵花开。 这是上海长期以来在人工智能产业的落子，如今正凝聚为一副覆盖全域且支撑AI的"钢筋铁骨"。 视觉 ...

去年年初国产大模型深度求索（DeepSeek）的横空出世，让资本市场掀起了人工智能（AI）投资 热潮。 银河证券认为，当前AI市场呈现出复杂特征。一方面，以"AI+"为核心的科技革命是确定性产业趋 势，巨额资本的持续注入既反映了全球对技术突破与未来价值的共识，也反映出技术迭代真实发生、应 用需求切实存在、产业逻辑清晰可循；另一方面，AI龙头公司估值屡创新高，产业链各环节资本开支 也空前高涨。但整体来看，当前AI资本市场相较于2000年互联网泡沫时期，更偏向于产业革命的早 期。 展望AI投资机会 展望未来，中国经济格局正在迅速转变。2025年10月发布的"十五五"规划建议强调发展新质生产 力，加快先进制造、AI、航空航天、可再生能源和量子科技等领域的发展。 具体投资方面，平安基金研究总监兼基金经理张晓泉表示，预计今年AI的硬件端表现将优于应用 端。他认为，虽然AI取得了重大进展，但是目前全球最领先的模型仍未能达到AGI程度，因此，AI应用 落地仍存在不确定性。反观模型优化与迭代依然是相对确定趋势，而模型能力的持续提升本质上仍依赖 于底层AI硬件的持续投入与升级。 随着2025年国家出台一系列支持人工智能发展的政 ...

Core Insights - The International Experience Design Conference (IXDC) reflects on the successful 2025 event focused on "Human-Machine Symbiosis," highlighting the participation of global designers and technology experts [3][4] - IXDC aims to continue exploring the theme of "Human-Machine Symbiosis: Creating Warm Intelligent Experiences" in 2026, addressing eight key topics including industry empowerment, product strategy, and ethical governance [4][5] Group 1 - The 2025 IXDC conference was marked by deep dialogues among participants from various countries, emphasizing the importance of human warmth in technology [3][4] - Feedback from attendees indicated high satisfaction with the conference's theme and guest speakers, showcasing the evolving nature of the experience design industry [3][4] - The conference featured discussions on how AI can empower experience transformation while maintaining a human-centric approach [4] Group 2 - IXDC's 2026 agenda will focus on creating intelligent experiences that understand human needs, promoting empathy in algorithms and respectful interactions [4][5] - The conference aims to build an open platform for cross-disciplinary collaboration, inviting contributions from various sectors including business, academia, and independent teams [4][5] - The organization encourages ongoing exploration of AI and human collaboration, aiming to drive social and commercial progress through design thinking [5]

| 代码 | 名称 | 最新价 | 涨跌幅 √ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | IZM | 拍明芯城 | 2.280 | 26.67% | +0.480 | 188.2万 | | ELOG | 东源全球股份 | 1.650 | 16.20% | +0.230 | 8420.39万 | | UPC | 大自然药业 | 4.285 | 14.88% | +0.555 | 46.74万 | | AIFU | 智能未来 | 2.900 | 14.85% | +0.375 | 22.31万 | | YOUL | 优蓝国际 | 1.620 | 14.08% | +0.200 | 27.7万 | 格隆汇12月25日｜中概股收盘涨幅居前的个股为：拍明芯城涨26.67%，东源全球股份涨16.2%，大自然 药业涨14.88%，智能未来涨14.85%，优蓝国际涨14.08%。(格隆汇) ...

Core Viewpoint - The article discusses the potential emergence of four new job roles in the age of artificial intelligence (AI), highlighting the opportunities that AI technology may create despite concerns about job displacement. Group 1: New Job Roles - The first potential job is "AI Interpreter," responsible for explaining complex AI algorithms to non-experts, such as managers and legal authorities, especially in critical situations like liability assessments in autonomous vehicle accidents [1]. - The second role is "AI Selection Consultant," who assists businesses in choosing the appropriate AI systems by evaluating different AI technologies and their applications, which is crucial for the success of AI implementation [2]. - The third emerging role is "AI Auditor" and "Cleaner," tasked with identifying and correcting misinformation generated by AI systems, ensuring fairness in outputs, particularly in sensitive areas like hiring and lending [3]. - The fourth potential job is "AI Trainer," who customizes training programs for employees based on their learning styles and paces, addressing the growing demand for AI education across various industries [4]. Group 2: Future Implications - The article suggests that these four roles may only be the beginning, as the integration of AI into society is likely to create even more job opportunities in fields that do not currently exist [4].

编辑丨刘雪莹 美东时间周四，美股三大指数集体高开，科技股普涨，美光科技股价狂飙，热门中概股多数上涨，黄金 白银短线走低。消息面上，美国11月CPI数据爆冷。 记者丨曾静娇 截至北京时间23:14，道琼斯指数涨0.51%，标普500指数涨0.78%，纳斯达克综合指数涨1.07%。 科技股普涨，美光科技狂飙，盘前涨幅最高达16%；闪迪大涨近7%，特斯拉涨超2%，英伟达、谷歌涨 超1%。 消息面上，据智通财经报道，美光科技第二财季营收展望为183亿至191亿美元，公司的最新业绩及业绩 指引均大幅超出分析师预期。今年以来，存储芯片需求居高不下推动美光股价一路走高，年内涨幅已高 达约160%。 | W | | | 美光科技(MICRON TECHNOLOG | | | | --- | --- | --- | --- | --- | --- | | | | | MU.O | | | | 249.180 | 量 2680.6万 | | 股本 | 11.24亿 市盈 " | 32.8 万得 | | 23.660 10.49% | 换 2.38% | | 市值 | 2801亿 市净 | 第二 4.76 | | A TERRY ...

Core Viewpoint - Smart Future (AIFU) experienced a stock price increase of 4.32% on December 15, closing at $3.14 per share, with a total market capitalization of $49.83 million [1] Financial Performance - As of June 30, 2025, Smart Future reported total revenue of 297 million RMB, representing a year-on-year decrease of 66.99% [1] - The company recorded a net profit attributable to shareholders of -466 million RMB, reflecting a staggering year-on-year decline of 7197.06% [1] Company Background - Smart Future Limited was founded in 1998 in Guangzhou and has developed into a leading independent third-party comprehensive financial services company in China [1] - The company offers a diverse range of financial and value-added services to both individual and corporate clients through its extensive business segments [1]

Core Insights - The MEET2026 Smart Future Conference held on December 10 in Beijing focused on the theme "Symbiosis Without Boundaries, Smart Future" and gathered nearly 30 industry leaders to discuss the latest advancements and future trends in AI technology [1] Academic and Research Frontiers - Keynote speakers from academia included Zhang Yaqin, who discussed the integration of information, physical, and biological intelligence as the essence of the new wave of AI [3] - Wang Zhongyuan emphasized the transition from the digital world to the physical world in AI applications [3] - Sun Maosong provided insights on generative AI and large models, addressing development trends and core challenges [3][4] Industry Technology Ecosystem - The conference showcased a complete chain from computing power to industry applications, highlighting practical advancements in AI [5] - Baidu's VP Wang Ying presented breakthroughs in large model technology and applications in content production and organizational intelligence [5] - Google Cloud's Dennis Yue discussed empowering startups for efficient global expansion through AI [5] - Ant Group's Zhao Junbo focused on innovations in large models and synthetic data technology [5] - Xiaomi's Daniel Povey compared AI development to biological evolution, sharing insights on future AI research [5] Emerging Innovative Forces - New startups presented innovative perspectives on AI hardware, embodied intelligence, and enterprise AI [8] - Zhaocai from Zhuoshijia Technology discussed the commercialization of industry models and applications [8] - Qiao Liang from Taichu Yuqi elaborated on the evolution of high-performance computing systems in the AI era [8] Additional Insights - The conference also featured a report on the "Top 10 AI Trends for 2025," providing industry insights and value references [10]

Core Insights - The conference "Horizon Together 2025" focuses on the transition of smart driving from commercialization to widespread adoption, emphasizing collaboration among industry leaders [1][3] - Dr. Yu Kai, CEO of Horizon, highlighted the company's journey from "high aspirations" to "collaborative growth," aiming to democratize advanced technology for a broader audience [3][5] Group 1: Technological Advancements - Horizon has introduced three technological pillars: BPU®, compilers, and algorithms, which are essential for driving advancements in smart driving and robotics [3][10] - The newly released fourth-generation BPU architecture, named Riemann, boasts a tenfold increase in key operator computing power and supports full floating-point calculations, enhancing efficiency for large language models [14][16] - The compiler technology has evolved into an "AI-driven compilation" era, significantly improving compilation speed and model performance [14][16] Group 2: Market Strategy and Collaboration - Horizon is transitioning from a traditional model to an "HSD Together" algorithm service model, allowing partners to focus on their strengths while Horizon provides comprehensive algorithm services [20][21] - The company aims to reduce the time and costs associated with product development by 90% through this collaborative approach, enabling more companies to leverage advanced smart driving capabilities [20][21] - Horizon's products have achieved significant market penetration, with the latest series reaching over one million units shipped in just 12 months [20][29] Group 3: Industry Impact and Vision - Horizon positions itself as a foundational player in the robotics era, aspiring to be the "Wintel of the robotics age," focusing on ecosystem collaboration rather than competing as a vehicle or robot manufacturer [9][24] - The company has expanded its influence beyond automotive applications, becoming a leading platform for consumer robotics with over 100 products and extensive partnerships [24][25] - Horizon emphasizes the importance of making advanced technology accessible to the masses, aiming to transform high-end innovations into everyday solutions for consumers [28][29]

中经记者索寒雪北京报道 在广东南沙明珠湾的"海陆空全空间无人体系示范点"，无人驾驶的游船在海面航行，送餐机器人穿梭于 步道，无人驾驶出租车有序接驳……这些曾经存在于科幻构想中的画面，或许会成为我们未来随时可见 的生活场景。 这一变化的背后，是场景培育与开放进程的全面提速。11月初，国务院办公厅印发的《关于加快场景培 育和开放推动新场景大规模应用的实施意见》明确提出"打造一批新领域新赛道应用场景"，数字经济领 域被列为关键方向之一。在国家发展改革委、工业和信息化部的推动下，地方政府与国有企业正加速开 放场景资源，推动数字新基建从"规划蓝图"迈向"现实应用"。 广东经验：地方构建数字经济场景生态 广东省出台全省行动方案，在先进制造、海洋经济、低空经济等20个重点领域实施全流程场景创新。 在央地协同的框架下，广东省以其活跃的经济生态与前瞻的布局意识，正走在全国场景开放与创新的前 沿，成为将国家战略转化为地方实践的生动样本。 近日，在国新办新闻发布会现场，广东省发展改革委主任艾学峰介绍，广东省持续深化应用场景培育与 开放。 广州数字科技集团有限公司多次参与广东省城市运营场景建设。近日，在国务院国资委的内部会议上， 广 ...