2026年的春节，或许会被记录为中国互联网史上一个重要的分水岭。 2月12日，千问发布的"春节30亿大免单"第一波活动数据显示，过去6天，用户说了41亿次"千问帮我"， AI完成下单超1.2亿笔，涵盖了奶茶、外卖、日用百货、机酒等各类生活服务。 这组跳动的数字背后，折射出一个重要现象：中国互联网的交互逻辑正经历从"搜索获取信息"到"AI交 付服务"的代际迁徙。一个由AI驱动的、触手可及的生活新方式，已经先于预期到来。 "千问帮我"：三个月养成的新习惯 "千问帮我点两杯拿铁""千问帮我订明天去三亚的机票"——当用户自然说出这类指令时，千问App在识 别用户意图后，即可直接调用淘宝闪购、飞猪、大麦、支付宝等阿里生态服务能力，完成一个App内的 闭环交易，无需跳转页面。这种"对话即办事"的体验，正快速沉淀为用户习惯，让这个春节前夕，AI味 道十足。 随着春节人流的迁徙，新习惯正在县城中升温，让AI技术服务更多普通人。千问的数据显示，1.2亿笔 订单中有近半数AI订单来自县城。过去6天，因为AI一句话点单更便捷，156万60岁以上用户第一次体 验点外卖。 过去二十年，中国互联网的底座是"搜索+点击"。无论是PC时代的 ...

Core Insights - The "Spring Festival 3 Billion Free Order" campaign by Qianwen App has generated significant user engagement, with 4.1 billion requests for assistance and over 120 million orders completed by AI in just six days [1][5] - The campaign has notably increased consumption in county-level cities, with nearly half of the orders coming from these areas, and 1.56 million elderly users trying food delivery services for the first time [1][5] - The AI-driven shopping trend has led to a remarkable increase in retail orders, with some categories seeing growth exceeding tenfold since the campaign's launch [1][5] Group 1 - Qianwen App's campaign resulted in users ordering over 1,000 tons of eggs, more than 2,300 fitness equipment items, and over 1,500 books within six days [1] - The trend of using AI for purchasing traditional New Year goods has spurred rapid growth in instant retail orders on Taobao Flash Purchase [1][5] - Retail orders for hair dye products, gift flowers, fruit gift boxes, and emergency baby supplies have all increased by over ten times compared to the initial phase of the campaign [1][5] Group 2 - The AI technology has activated new consumption dynamics in county areas, with non-food categories like groceries and fruits seeing order growth exceeding eight times [5] - Cities such as Kunshan, Jinjiang, Nanchang, Puning, and Yiwu have emerged as hotspots for AI-driven consumption [5] - Approximately 10% of users in county areas using AI for shopping are aged 50 and above, highlighting the technology's accessibility for older demographics [5] Group 3 - The success of Qianwen App illustrates the transformative impact of AI on daily life, supported by Alibaba's comprehensive AI capabilities and ecosystem [5] - Alibaba's strategy emphasizes the integration of advanced technology with practical applications in e-commerce, instant retail, and other services [5] - The first year of AI shopping is marked by widespread consumer adoption across various age groups and regions [6]

此前的2月6日，千问"春节30亿大免单"火爆上线，连续6天霸榜苹果App Store免费榜第一名。目 前，在社交平台上，网友纷纷晒出自己用千问下单的"第一杯AI奶茶" ，人们还探索出更多千问的打开 方式：有人让千问写春联、写拜年祝福，有人让千问做PPT、写作业、翻译文件等。 2月12日上午，《国际金融报》记者获悉，当日，阿里旗下千问发布的"春节30亿大免单"第一波活 动数据显示，过去6天，用户说了41亿次"千问帮我"，AI完成下单超1.2亿笔。 淘宝闪购数据显示，在通过千问"一句话点外卖"的订单里，近半数来自县城。昆山、晋江、南昌、 普宁、义乌成为AI消费热门县。不仅如此，县城消费也正在积极拥抱"AI+即时零售"，超市百货、水果 等非餐品类订单均较活动上线初期增长超过8倍。营口盖州、丹东东港、宜春上高、运城稷山、长春榆 树等城市都有超市小店日均订单超过500单。 此外，因为AI一句话点单更便捷，数据显示，156万60岁以上用户第一次体验点外卖。全国用户通 过AI下单了1000多吨鸡蛋，还买了2300多件健身器材和1500多本图书。 根据业内人士的说法，千问爆火的背后，是阿里AI技术+生态的双轮驱动：一方面是阿 ...

上海证券指出，大模型持续升级，例如Anthropic推出Claude Opus4.6，具备"AI代理团队"功能并能 处理百万tokens上下文窗口，在金融分析等专项测试中行业领先；OpenAI发布最强编程模型GPT-5.3- Codex，在多项基准测试中表现优异。北美大厂业绩亮眼，资本开支持续加码，如Alphabet、Meta、亚 马逊和微软的营收与利润增长强劲，且均计划在2026年显著提升资本支出。国内大厂亦开启春节AI大 战，腾讯、阿里、字节和百度纷纷投入资源推广AI应用。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产 品要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 每日经济新闻 （责任编辑：张晓波 ） 创业板人工智能ETF国泰（159388）跟踪的是创业板人工智能指数（970070），单日涨跌幅限制达 20%，该指数聚焦于在创业板上市的人工智能相关企业 ...

Investment Rating - The report maintains a "Recommendation" rating for the industry, expecting the industry index to rise more than 5% over the next 3-6 months compared to the benchmark index [67]. Core Insights - The report highlights a significant transformation in the content creation paradigm due to advancements in multi-modal models, particularly with the release of new video generation models like Kuaishou's Keling 3.0 and ByteDance's Seedance 2.0, which enhance precision and controllability in video production [3][11]. - The supply-side revolution is expected to reshape the cost structure of content production, with a notable reduction in marginal costs due to improved capabilities in image and video generation [3][58]. - The report emphasizes the potential for AI video generation technology to catalyze downstream opportunities in content IP, content copyright, and AI application tools, as well as the demand for cloud services and computing power [3][58]. Summary by Sections Industry Basic Data - The industry comprises 138 listed companies with a total market value of approximately 22,562.85 billion and a circulating market value of about 20,757.76 billion [5]. Relative Index Performance - The absolute performance over 1 month, 6 months, and 12 months is 8.9%, 31.9%, and 42.7% respectively, while the relative performance is 9.6%, 16.8%, and 21.6% [6]. Model Updates - Keling 3.0 and Seedance 2.0 represent significant upgrades in video generation models, focusing on physical realism, narrative consistency, and enhanced understanding of complex text instructions [11][41]. - Keling 3.0 introduces integrated editing capabilities, allowing for controlled modifications to generated content without the need for complete regeneration [29][33]. - Seedance 2.0 enhances the precision of video production, addressing common issues such as consistency and complex action replication [41][50]. Investment Opportunities - The report identifies several investment opportunities in the content IP sector, including companies like Zhongwen Online, Yuedu Group, and Shanghai Film, as well as in content copyright and AI video production tools [58][59].

Investment Rating - The industry investment rating is "Positive" (maintained) [6] Core Insights - Domestic large models have been intensively released around the Spring Festival, initiating an AI arms race. Notable releases include DeepSeek's new model with a context processing capability of 1 million tokens, GLM-5 which ranks first globally in programming and agent testing, and ByteDance's Seedance 2.0 aimed at revolutionizing video creation [1][2] - The usability of agents is increasing, with large models transitioning from chat to collaboration. Claude Opus 4.5 can autonomously program for 5 hours, and AI coding agents are expected to double their task handling time every 4 months starting from 2024-2025, compared to a 7-month doubling period from 2019-2024 [2] - The demand for inference is expected to rise due to large-scale applications, with significant increases in token consumption for agent execution compared to dialogue scenarios. The cost of generating a 5-second 720P video is approximately 4 RMB, with Seedance costing about 2.3 RMB, indicating a substantial cost advantage over manual production [3] Summary by Sections Model Updates - MiniMax's M2.5 model is set to launch soon, currently in internal testing for the MiniMax Agent product. Other updates include GLM-5 from Zhizhu, which has achieved state-of-the-art capabilities in coding and agent functions, and DeepSeek's new model with a context window increased to 1 million tokens [7] Related Companies - Key companies mentioned include MiniMax, Zhizhu, Yunsai Zhilian, UCloud, Capital Online, Qingyun Technology, Wangsu Technology, and Nanxing Co. [4]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 此前，支付宝"碰一下"已实现日支付笔数破亿，支付宝官方表示，将持续优化产品服务，为大家带来更 顺、更稳的AI消费体验，助力AI产业 全球首个! 支付宝Al付笔数 超1.2亿 支付宝 支付宝 2026年2月12日 11:49 浙江 6 1人 跟大家分享一个好消息: 支付宝"Al付"一周累计支付超1.2 亿 笔,成为全球首个支付笔数破亿的 Al 原生支付产品。 作为支付宝面向 Al 时代推出的安全 便捷支付服务,"Al付"已在千问、 Rokid 、瑞幸等多个AI场景上线服 务。阿里千问App启动"春节30亿免 单活动"后,"Al付"加速进入普及快车 道。 a 3 6 L 支 支付宝 * 28 86 16 9 与新消费全面爆发。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 新浪科技讯 2月12日午间消息，今日，支付宝"AI付"一周累计支付超1.2 亿笔，成为全球首个支付笔数 破亿的 AI 原生支付产品。 作为支付宝面向 AI 时代推出的安全便捷支付服务，"AI付"已在千问、Rokid、瑞幸等多个AI场景上线服 务。阿里千问App启动"春 ...

中新网北京2月12日电(胡淑娟)2026年，互联网大厂人工智能(AI)春节红包"战事"变得更加焦灼。 百度文心助手、腾讯元宝、阿里千问、字节豆包等已经豪掷共超45亿元，尤其是千问上线的"春节30亿 免单"直接让奶茶店爆单。截至发稿时，千问APP已连续数天霸榜苹果App Store免费应用榜第一，位列 其后的是元宝、豆包。 "红包大战"背后的逻辑是抢流量、抢用户、抢入口，但真金白银的补贴能否留住用户仍有待观察。 烧钱换流量 对互联网大厂来说，春节是公认的全年流量、社交互动的峰值期。 如今，AI应用春节红包"战事"，四家互联网大厂已经砸下超45亿元，打法逻辑仍然是"烧钱换流量"， 如，2015年微信凭借春晚"摇一摇红包"5亿元活动改变移动支付格局。 争夺新一代"超级入口" 近年，平台流量入口的格局发生深刻变革，趋势从以往的"人找信息"变为"信息精准推送"，入口变得更 加智能化。 业界普遍认为，通用AI助手可能成为下一代互联网核心入口，将重塑流量和服务的分发权，大厂"撒 钱"意在争夺新一代"超级入口"。 今年春节，推广的主角变成了自家AI应用。大厂们不约而同选择了最朴素的传统营销方法——给用户 发春节红包。 其中， ...

优酷技术团队历时多年攻关，以14B大参数量模型为核心，依托亿级高质量影视训练数据与海量计算资源，推出专属生成式AI修复系统，具备强大的 语义理解与细节生成能力，实现了修复技术的代际跨越。此次集中上线四大名著AI修复版，是业内首次将生成式AI大模型应用于此类经典剧集的规模 化修复。 值得一提的是，为避免"修完不像"的问题，优酷针对《红楼梦》中林黛玉等重要角色，专门训练了专属人脸修复模型，确保演员面部特征在修复过程 中得以准确保留。此外，系统还支持人工调节"生成强度"，结合后期调色师的专业校正，在技术自动化的同时保持影视作品原有的艺术风格与镜头语 言。 在效率方面，优酷自研的这套生成式AI大模型展现出显著优势。以经典电影《少林寺》为例，传统人工修复需耗时8个月，而优酷自研AI系统可在2天 内完成全片修复，效率提升超过百倍。这不仅大幅降低了修复成本，也为规模化修复经典片库提供了可能。 北京商报讯（记者 程靓）2月12日，优酷正式上线"人间宝酷AI高清修复经典"专题页面，运用自研生成式AI大模型，完成对《红楼梦》《三国演义》 《水浒传》《西游记》央视版四大名著等十余部国民级经典影视剧的高清修复。 据悉，这是国内视频平 ...

年关将至，当各厂忙于分发AI红包之际，美团突然宣布收购叮咚买菜，引发市场关注。 美团的出手，击中了叮咚的战略焦虑。作为即时零售赛道巨头，美团的核心优势在于构建了强大的"连接效率体系"，通过超级 App连接数亿用户、数百万商户与庞大的骑手网络，长期在外卖、到店等高频业务中处于领先地位。 但当竞争延伸至需要深耕供应链的生鲜及高价值商品领域，美团的短板暴露无遗：它缺乏自营商品供应链，尤其在需要严控损 耗、建立品质信任的生鲜品类上，品牌心智远不及阿里旗下的盒马。 这正是美团收购叮咚的内在动因：等不及自建，必须通过收购，快速获取一套已验证的、能提升生鲜品类UE的精密系统。这 场收购本质上是一次精准的"能力输血"，美团看中的是叮咚将生鲜损耗控制到极致的能力，用以直接对抗盒马，完成在生鲜赛 道的关键布局。 从"长尾幻梦"到"货架经济学" 要洞见这场收购的行业深意，必须跳出一个常见误解：即时零售并非传统电商的简单升级或加速，其底层逻辑被"货架经济 学"牢牢主导，与传统电商的"长尾理论"形成本质区别。 传统电商信奉"长尾理论"，平台可近乎零成本地无限上架商品，满足海量小众需求，最终汇聚成巨大销量。但即时零售的场景 完全不同，每 ...