百度第三季度财报：总营收为312亿元，同比下滑7%。归属于百度的净亏损为112亿元，而上年同期 净利润为76亿元。归属于"百度核心"的净亏损为111亿元。不按美国通用会计准则，归属于百度的净 利润为38亿元，而上年同期净利润为59亿元。 归属于"百度核心"的净利润为38亿元，受财报影响， 周二百度股价逆市上涨2.66%！ 财报发布后，百度董事长兼CEO李彦宏，移动生态事业群总裁罗戎，智能云事业群总裁沈抖，CFO何 俊杰等高管出席随后召开的财报电话会议，解读财报要点并回答分析师提问。 以下是分析是问答环节主要内容： 花旗银行分析师Alicia Yap： 我的问题关于近期在百度世界大会上发布的文心大模型 5.0。请问这个 新模型会如何推动数字人等领域进入下一轮的应用发展阶段？文心大模型未来迭代的核心重点领域是什 么？具备哪些差异化优势？ 李彦宏： 我们反复强调的是，在文心大模型的迭代过程中，百度始终坚持以应用为驱动的发展理念。 几天前的百度世界大会上，我们正式发布了首款原生全模态基础大模型"文心大模型 5.0"。该模型在 全模态理解、创意写作以及指令遵循方面均达到顶尖水平，为我们当前及未来的产品矩阵提供了关键能 ...

15、A股投资避雷针︱中国一重：董事长陆文俊因涉嫌受贿罪被执行逮捕；ST纳川：子公司法定代表人 林惠霞被限制高消费。 1、工信部：目标到2027年建成200个左右高标准数字园区 算力基础设施实现有效部署和应用； 2、财政部：未发布过"推行'离岸钱包'及'香港汇丰银行'用于粤港澳大湾区政策红利发放"等相关政策文 件； 格隆汇11月19日｜国际要闻： 1、道指、纳指收跌逾1%，亚马逊、AMD跌超4%，中概指数涨0.42%； 2、WTI 12月原油期货收涨1.39%，报60.74美元/桶； 3、特朗普暗示美联储主席人选已定 抱怨解雇鲍威尔遭人阻拦； 4、特朗普支持率跌至低点 生活成本与爱泼斯坦案引发不满； 5、美国新一批数据发布时间敲定 涉CFTC周报、PPI等； 6、英伟达财报前AI估值担忧加剧； 7、又有大佬看空美股！"新债王"冈拉克：AI和数据中心出现明显投机迹象，建议手握20%现金过冬； 8、谷歌推出最新一代AI模型Gemini 3，强调立即投入盈利产品； 9、微软和亚马逊评级遭下调 Redburn分析师质疑生成式AI前景； 10、普京：中国公民赴俄免签政策将于近期生效； 11、知情人士：沙特获准采购大量美 ...

5.何小鹏：机器人市场潜力比汽车大，售价有望看齐 6.字节成立中国交易与广告部门，抖音生服技术负责人王奉坤负责 要闻提示 NEWS REMIND 1. 被Figure CEO质疑机器人量产视频造假！优必选：他们应多来中国看看 2.游玩南极遭员工吐槽后，俞敏洪回应：探讨自然教育前景！ 3.被顾客掌掴、辱骂，胖东来受委屈员工获补偿35.9万元！美团、西贝亦推进"委屈关怀" 4.侵权欢乐斗地主！腾讯把竞技世界和淘宝告了，竞技世界致歉并下架！ 7. 杭州连发两张王牌：阿里千问对标ChatGPT，蚂蚁灵光同频Gemini3.0 8.贝索斯重出江湖创办AI初创公司，马斯克回应："哈哈，跟屁虫" 今日头条 HEADLINE NEWS 被Figure CEO质疑机器人量产视频造假！优必选：他们应多来中国看看 11月18日消息，优必选于11月12日在社交平台发布了人形机器人Walker S2量产交付视频，视频中展示 了机器人方阵换电和列队行进等能力。对于该视频，Figure创始人逐帧分析后，在社交平台上 声称优必选 视频中" 前面的机器人是真的——它后面的一切都是假的，如果你看到主机反射出很多天花板灯光，那很 可能是电脑特效。 ...

Core Insights - Baidu's Q3 financial report highlights the significant growth of its AI business, with total AI revenue reaching 9.6 billion yuan, a year-on-year increase of over 50% [1][9] - The report marks the first disclosure of AI business revenue, showcasing the company's strategic pivot towards AI as a growth engine amid pressures on traditional business [1][9] AI Business Performance - AI cloud infrastructure revenue was 4.2 billion yuan, up 33% year-on-year, with high-performance computing subscription revenue increasing by 128% [9] - AI applications generated 2.6 billion yuan, reflecting a 6% year-on-year growth, while AI-native marketing services surged to 2.8 billion yuan, a remarkable 262% increase [9] - The overall AI business is positioned as a transformative force for Baidu, with expectations for continued revenue growth and improved profit margins [9][12] Autonomous Driving Developments - Baidu's autonomous driving service, "Luobo Kuaipao," reported 3.1 million global ride services in Q3, a 212% increase year-on-year, with total rides exceeding 17 million [1][3] - The company aims to expand its autonomous driving operations both domestically and internationally, with plans to increase vehicle deployment in existing cities and enter new markets [3][4] - Baidu's Robotaxi business is expected to focus on expanding order volume, city coverage, and global market penetration in 2026 [6][4] Financial Overview - Baidu's total revenue for Q3 was 31.2 billion yuan, a 7% decline year-on-year, with core revenue also down 7% to 24.7 billion yuan [12][14] - Online marketing revenue fell by 18% to 15.3 billion yuan, while non-online marketing revenue grew by 21% to 9.3 billion yuan, driven by the AI cloud business [12][14] - The company reported a net loss of 11.2 billion yuan for the quarter, compared to a profit of 7.6 billion yuan in the same period last year [14][16] Cost and Investment Strategy - Revenue costs increased by 12% to 18.3 billion yuan, primarily due to rising costs associated with AI cloud and content [13] - Baidu plans to maintain high investment levels in AI, having already invested over 100 billion yuan since the launch of its Wenxin large model [16] - The company anticipates that improvements in asset structure and capital efficiency will enhance profitability as AI business scales [16][17]

西贝回应门店一线全员涨薪 有媒体报 道称，受"西贝罗永浩风波"相关负面舆论影响，部分西贝门店一线员工遭遇"网暴"，一些门 店甚至每天接到十几通辱骂电话，西贝为员工设 立"委屈奖"以表安慰。对 此，西贝公关部回应称："风波发生后，西贝对一线伙伴从9月起平均涨薪500元/人/月，对风波期间遭受网暴 和极端辱骂的伙伴 给予委屈奖补贴，并邀请心理咨询师对部分门店伙伴进行辅导跟踪。（21财经） 西贝公关部回应称："风波发生后，西贝对一线伙伴从9月起平均涨薪500元/人/月。 整理 ｜晨曦 点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 谷歌发布Gemini 3，与OpenAI竞争持续升级 随着搜索引擎巨头谷歌加紧步伐以跟上ChatGPT开发商OpenAI的节奏，该公司正式推出了最新人工智能模型Gemini 3。谷歌母公司Alphabet首席执行官孙 达尔・皮查伊（Sundar Pichai）在谷歌周二发布的多篇博客文章中表示，这款新的人工智能模型能让用户在解答更复杂问题时获得更优答案，"无需过多 提示词，就能得到你需要的结果"。 谷歌表示，Gemini 3 Pro在推理与 ...

今日热点导览 雷军：将在广州车展上发布小米端到端辅助驾驶新版本 地产央企大悦城即将正式退市 宗馥莉缺席娃哈哈经销商大会 苹果明星设计师Abidur Chowdhury据悉离职，跳槽AI初创公司 税务部门打击"拆分收入"偷税 TOP3大新闻 西贝回应门店一线全员涨薪 有媒体报道称，受"西贝罗永浩风波"相关负面舆论影响，部分西贝门店一线员工遭遇"网暴"，一些门店 甚至每天接到十几通辱骂电话，西贝为员工设立"委屈奖"以表安慰。对此，西贝公关部回应称："风波 发生后，西贝对一线伙伴从9月起平均涨薪500元/人/月，对风波期间遭受网暴和极端辱骂的伙伴给予委 屈奖补贴，并邀请心理咨询师对部分门店伙伴进行辅导跟踪。（21财经） 谷歌发布Gemini 3，与OpenAI竞争持续升级 随着搜索引擎巨头谷歌加紧步伐以跟上ChatGPT开发商OpenAI的节奏，该公司正式推出了最新人工智能 模型Gemini 3。谷歌母公司Alphabet首席执行官孙达尔・皮查伊（Sundar Pichai）在谷歌周二发布的多篇 博客文章中表示，这款新的人工智能模型能让用户在解答更复杂问题时获得更优答案，"无需过多提示 词，就能得到你需要的结果"。 ...

Group 1: International Relations - China's Foreign Ministry spokesperson Mao Ning emphasized the country's unwavering stance on core interests and international justice in response to Japanese Prime Minister's remarks on Taiwan, indicating a potential decline in China-Japan relations [1] - The Ministry of Commerce criticized the U.S. for modifying patent invalidation rules, claiming it discriminates against Chinese enterprises and violates international obligations [2] Group 2: Financial Sector Developments - The Financial Regulatory Administration held a meeting to promote a market-oriented, legal, and international business environment, aiming to support the Hainan Free Trade Port as a key gateway for China's new era of opening up [3] Group 3: Technology and AI Sector - Xiaomi Group reported Q3 revenue of 113.12 billion RMB, a 22.3% year-on-year increase, with adjusted net profit reaching a record high of 11.3 billion RMB, up 80.9% [7] - Baidu's Q3 earnings showed total revenue of 31.2 billion RMB, with core revenue at 24.7 billion RMB, and AI business revenue growing over 50% [8] - Pinduoduo's Q3 revenue was 108.28 billion RMB, a 9% year-on-year increase, with adjusted net profit of 31.38 billion RMB, up 14% [8] - Xiaomi's president noted that the current rise in memory prices is driven by increased demand for HBM due to AI [5] Group 4: Mergers and Acquisitions - Saiwei Electronics announced plans to acquire a stake in Chip East, focusing on the lithography machine sector [9] - Aik Shares is planning to acquire Dongguan Silicon Holdings, with stock suspension in effect [9] - Tianyi Ma intends to purchase 98.56% of Xingyun Kaiwu for 1.189 billion RMB [9] - Shengbang Shares plans to acquire 60% of Wuxi Wokeke, which is expected to constitute a major asset restructuring [9] Group 5: Stock Market Updates - *ST Dongyi announced the end of stock suspension and resumption of trading [10] - Huayuan Communication reported that Dingyun Industry will become the controlling shareholder, with stock resuming trading [10] - *ST Zhengping announced a stock suspension for the third time in two months for verification [11] Group 6: Investment and Financial Products - Zhongwen Media announced plans to use 9.5 billion RMB of idle funds to purchase financial products [12] - Shengxin Lithium Energy plans to sign a framework agreement with Huayou Holding Group for the supply of 221,400 tons of lithium salt from 2026 to 2030 [12] - Xiamen Tungsten New Energy intends to invest 1.525 billion RMB to establish a wholly-owned subsidiary for a project producing 50,000 tons of high-performance low-cobalt battery materials [12] Group 7: Legal and Regulatory News - A U.S. federal judge ruled in favor of Meta in an antitrust lawsuit, allowing Instagram and WhatsApp to remain integrated [16] - The U.S. Congress passed a bill requiring the Department of Justice to release all documents related to the Epstein case [18]

【跟踪牛人动态】超3000名"专业选手"如何调仓？最牛选手单只标的浮盈超400% 【头条要闻】 全球市场恐慌发酵：美股科技股全线下挫，欧股跟跌，加密货币17万人爆仓，黄金拉升 这轮抛售反映出投资者对利率前景和科技股估值的持续担忧。英伟达将于周三公布财报，市场将借此检 验人工智能板块的高估值是否合理。随后周四公布的9月就业报告将为美联储政策走向提供重要线索。 全球市场周二遭遇广泛抛售，美股期货延续跌势，加密货币继续承压，投资者在英伟达财报和美国就业 数据等关键事件前大幅撤离风险资产，因持续担忧利率前景和科技股估值。在亚太市场中，日本遭遇股 债汇'三杀'，市场对政府支出忧虑加剧，且科技股抛售和地缘政治因素也拖累日本市场走势。 金融发力提振消费 北京出台重磅方案 百度首次披露！AI业务增长强劲 增速超50% 百度创始人李彦宏介绍称，第三季度，公司全方位展示了AI为业务带来的变革性价值。得益于越来越 多的企业采用百度的AI产品和解决方案，AI云保持了稳健的增长势头；萝卜快跑全无人运营规模加速 扩大，全球化脚步加快，已进入瑞士市场，同时保持了行业领先的安全标准；在移动生态中，智能体和 数字人等AI原生商业化产品带来收入 ...

完整早报音频，请点击标题下方小耳机收听 【 谷歌最强AI模型Gemini 3登场 】 北京时间11月19日凌晨，谷歌正式推出全新的Gemini 3系列模型，并将其定 位为迄今"最智能""事实最可靠"的AI系统。 谷歌所有用户均可在Gemini应用里直接使用新的旗舰模型Gemini 3 Pro，并同步将其引入搜索订阅服务。 Gemini 3 Pro的核心能力是"原 生多模态"，能 一次性处理文字、图片与音 频 。 在谷歌搜索的AI Mode中，Gemini 3 Pro也会以更直观的方式呈现结果，包括图片、表格、网格甚至模拟内 容。 Gemini 3 Pro的推理与智能体能力也显著增强，更能应对复杂任务，并具备 稳定的长期规划能力 。 目前， Gemini 3 Pro排在广泛使用的评测平台LMArena榜首。 Gemini 3 Pro已在Gemini应用内向所有用户开放，美国地 区的Google AI Pro和Ultra订阅用户也可在搜索的AI Mode中选择"Thinking"使用这一模型。 （IT之家） 【贝索斯创办人工智能初创公司，马斯克回应： "跟屁虫"】 据知情人士称，亚马逊创始人杰夫 ・ 贝索斯创办了 ...

Group 1 - The Ministry of Commerce criticized the recent changes by the U.S. regarding patent invalidation rules under the guise of "national security," stating it violates international intellectual property obligations and discriminates against Chinese enterprises [1][1] - The Industrial and Information Technology Ministry issued guidelines for high-standard digital park construction, aiming to establish around 200 digital parks by 2027, achieving full coverage of digital transformation for industrial enterprises [1][1] - The People's Bank of China and 12 departments released a plan to boost consumption in Beijing, emphasizing financial support for automobile purchases, especially for new energy vehicles, and encouraging tech companies to raise funds through the bond market [1][1] Group 2 - Hainan Free Trade Port is set to enter a 30-day countdown for full closure operations, with preparations nearly complete [1][1] - The China-Europe Railway Express development report indicated that by October 2025, the service will have operated 118,600 trains, transporting 11.7 million TEUs to 232 cities across 26 European countries [1][1] - The State Grid and Southern Power Grid announced the approval of three interconnection projects, which will enhance power transmission capacity to 9 million kilowatts by 2027 [1][1] Group 3 - Xiaomi Group reported third-quarter revenue of 113.12 billion yuan, a year-on-year increase of 22.3%, with adjusted net profit reaching a record high of 11.3 billion yuan, up 80.9% [1][1] - Baidu's third-quarter revenue reached 31.2 billion yuan, with core revenue at 24.7 billion yuan, and AI business revenue grew over 50% [2][2] - The China Construction Bank opened a RMB clearing bank in Turkey, marking the start of RMB clearing services and facilitating trade and investment between the two countries [2][2]