| 03:00 事件 | 美联储公布货币政策会议纪要 | | | --- | --- | --- | | 待定 | 美国劳工部统计局：11月20日发布9月非农就业报告 | | | 财报 | 网易、英伟达、沃尔玛 | | | 11月21日 周五 | | | | 17:00 数据 | 欧元区 11月制造业PMI初值 | 50 | | 22:45 | 美国 11月标普全球制造业PMI初值 | | | 待定 事件 | 美国劳工部统计局：发布9月实际薪资等数据 | | | 待定 | 美联储副主席杰斐逊等人发表讲话 | | | 11月22日 周六 | | | | 数据 | 元 | | | 事件 | 元 | | | 11月23日 周日 | | | | 数据 | 元 | | | 事件 | 元 | | | 制表: 华尔街见闻 | | | 11月17日 - 11月23日当周重磅财经事件一览，以下均为北京时间： 见闻财经日历 WSCN Economic Calendar v 华尔街见闻 | 时间 | | 内容 | 预期 | 前值 | | --- | --- | --- | --- | --- | | 11月17日 周一 | | | ...

百度李彦宏回应AI泡沫争议；Meta首席AI科学家杨立昆计划离职创业。 OpenAI推出GPT-5.1，更能提供"情绪价值" 当地时间11月12日，OpenAI更新了今年8月发布的GPT-5，推出了GPT-5.1。新模型包含GPT-5.1Instant和 GPT‑5.1Thinking。当用户说"压力很大，需要一些放松的建议"时，GPT-5会直接提供建议，GPT- 5.1Instant则会说"明白了，这很正常，尤其是最近发生了这么多事"，随后再提供建议。问"咖啡撒了一 身，大家会不会觉得我是个白痴"，GPT-5会说"很抱歉"，GPT-5.1Thinking则会说"他们不会这样觉得"。 点评:相比GPT-5，GPT-5.1的回答更有"人味"，更能提供"情绪价值"。OpenAI称，优秀的人工智能不仅 应该是聪明的，而且应该提供令人愉快的交谈。今年8月发布的GPT-5在部分基准测试中的得分与前代 模型的差距不是很大，但减少了对人类的"阿谀奉承"，此次更新的重点则是让人工智能说"人话"。目前 大模型大幅度提升智力水平仍有挑战，提升"情商"是另一个选择。 百度李彦宏回应AI泡沫争议 在11月13日的百度世界大会上，百度 ...

【环球网财经综合报道】随着美股机构投资者2025年第三季度持仓数据（13F）陆续披露，高瓴、景林、高毅、东方港湾等中资私募机构的海外投资动向浮 出水面。 高瓴旗下专注于二级市场投资的基金管理平台HHLR Advisors发布了截至2025年三季度末的美股持仓报告。数据显示，截至三季度末，HHLR Advisors共持 有33只美股，持仓总市值达41亿美元，较二季度增加9.9亿美元，增幅为32%。 | T Filter | Columns Export | a | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | Stock = | Company Name = | % of Portfolio ▼ | Shares Owned | Value Owned = Latest Activity = | | Ownership Hist Average Buy Price | Price I | | PDD | Pdd Holdings Inc | 27.76% | 8.59M | $ 1.14B | ↑ 23.16% (+1.62M) | ...

梦瑶 发自 凹非寺 量子位 | 公众号 QbitAI 百度这次又往AI眼镜里狠狠塞了一把"猛料"。 刚刚，百度官方发布了全新AI拍摄眼镜——小度AI眼镜Pro，2299元起。 这回不光把颜值搞上去了，还把全新发布的多模态AI智能助手「超能小度」塞进了这幅 39g 重的眼镜里： 能翻译 、 能识物 ，还能 自动拍照 、识别并 生成备忘录 。 颇有意思的是，小度AI眼镜Pro还梦幻联动网易云音乐搞了个「 氛围歌单 」。 据说能根据此情此景推荐应景音乐，属实是把「给生活加点bgm」的段子映进现实了： 产品具体如何，我们一起来看～ 超能小度上桌了 这回小度AI眼镜Pro最大的亮点，当属它用上了小度科技全新发布的 多模态AI智能助手 —— 超能小度 。 简单理解就是，它不仅能实现语言交互，甚至还具备了多模态感知交互的能力。 先来说说 AI识物 。 和过去的视觉智能识别能力不一样，小度AI眼镜Pro能够在准确识别物体信息的基础上，结合上下文提供智能回答建议。 此外还与视觉AI+百科数据库联动，覆盖植物、商品、艺术品等2000+类别，扫一下就能获取信息～ 比如戴上眼镜说一声：小度小度，这是啥猫？小度就会识别目标对象的信息并 ...

外资继续看好中国资产！ 11月14日消息，花旗将腾讯控股目标价上调至751港元/股，并重申"买入"评级；美银证券也维持腾讯控股"买入"评级，目标价780港元/股。 摩根士丹利（大摩）将哔哩哔哩美股目标价由23美元/股上调至25美元/股，花旗上调哔哩哔哩美股目标价至27美元/股；里昂上调哔哩哔哩目标价至29.1美元/股，并 维持"跑赢大市"评级；大和将哔哩哔哩港股目标价由220港元/股上调至245港元/股。 此外，摩根大通大幅上调小鹏汽车港股目标价至195港元/股，瑞银上调中国宏桥目标价至38.60港元/股。 近日，不少外资发表观点，表示看好中国股市。瑞银称，中国股市估值和资金流状况良好，维持对中国股票的"超配"评级。摩根资产管理、宏利资产管理、淡马锡 等多位全球领先资管机构和主权财富基金的高管表示，全球投资者对中国市场的长期配置价值愈发看好。 日前，花旗发布报告称，腾讯控股在推动营收与利润稳健、可持续增长的同时，积极在企业级及用户端人工智能应用领域保持前沿布局，体现出卓越的执行力。花 旗将腾讯控股目标价从735港元/股上调至751港元/股，并重申"买入"评级，继续视其为首选AI主题标的。 花旗表示，腾讯第三季 ...

Core Insights - A strategic cooperation agreement has been signed among Xingchen Intelligent, Baidu Intelligent Cloud, and Jishu Diedai at the 27th High-Tech Fair [1] Group 1 - The collaboration will leverage Baidu Intelligent Cloud's comprehensive AI cloud capabilities [1] - The three parties will engage in deep cooperation across multiple levels, including technology research and application implementation [1] - The initial phase will focus on creating a customizable AI robot platform, which will first be applied in an artificial intelligence training laboratory [1]

Core Insights - HHLR Advisors, a fund management platform under Hillhouse Capital, reported a total stock holding value of $4.1 billion as of the end of Q3 2025, marking an increase of $990 million (approximately 700 million RMB) or 32% from the previous quarter [1][3] Group 1: Investment Actions - HHLR's primary focus for Q3 was on increasing positions in Chinese concept stocks, notably initiating a position in Baidu and adding to existing holdings in Alibaba and Pinduoduo [1][10] - The top ten holdings of HHLR as of Q3 included Pinduoduo, Alibaba, Futu Holdings, Webull Corp, BeiGene, Baidu, Legend Biotech, NetEase, Arrivent Biopharma, and KE Holdings, with Pinduoduo being the largest holding [3][12] - Baidu entered HHLR's top ten holdings for the first time, with a total of 1.641 million shares acquired, reflecting a significant stock price increase of 54% in Q3 due to advancements in AI commercialization and self-developed chip breakthroughs [4][10] Group 2: Performance of Holdings - Several of HHLR's major holdings performed exceptionally well in 2025, with Pinduoduo's stock price increasing over 30%, Futu Holdings rising more than 120%, and Alibaba's stock price also exceeding 100% [3][4] - The investment trend towards technology stocks was echoed by other large asset management firms, indicating a broader consensus on the potential of the tech sector [6][7] Group 3: Market Trends - The overall sentiment among private equity professionals suggests optimism towards AI-driven sectors and innovative pharmaceuticals, which are seen as key to future growth and national competitiveness [8] - Berkshire Hathaway also entered the tech space by acquiring shares in Google-A for the first time, holding approximately 17.85 million shares valued at about $4.34 billion, indicating a growing interest in technology stocks [7]

Core Insights - The article highlights the significant evolution in the AI startup landscape, emphasizing the increasing participation of experienced entrepreneurs and established companies in the AI wave [3][4] - There is a shift from AI being viewed as a demonstration tool to becoming a genuine force driving industrial progress, with a focus on practical results and productivity enhancement [4][5] Group 1: AI Capability Internalization - The "Artificial Intelligence +" national action plan is becoming a core engine for industrial upgrading and economic transformation, with various sectors actively embracing AI [5][6] - Baidu's founder, Li Yanhong, emphasizes that internalizing AI capabilities transforms AI from a cost into a productivity driver, marking a cognitive revolution for enterprises [5][6] - Baidu serves as a model for AI capability internalization, having integrated AI across its services, thus enabling other companies to leverage advanced technologies at lower costs [5][7] Group 2: AI Ecosystem Development - Baidu is recognized for its ambitious AI ecosystem, continuously upgrading its Wenxin model and providing extensive support to startups through platforms like Qianfan [8][9] - The Wenxin Cup has attracted 3,200 entrepreneurial teams globally, with Baidu offering substantial financial and technical support to winners, fostering a symbiotic relationship with AI entrepreneurs [9][10] - The evolution of the Wenxin Cup reflects the growing sophistication of AI applications, moving from text generation to more complex, multi-modal applications [9][10] Group 3: Emergence of Effectiveness - The concept of "effectiveness emergence" is becoming a shared goal within the AI industry, moving beyond mere demonstrations to practical solutions [10][11] - Baidu's initiatives, such as autonomous driving services, exemplify the transition from experimental phases to large-scale applications, achieving significant operational milestones [11][12] - Successful projects from the Wenxin Cup demonstrate the potential for AI to drive substantial returns on investment and enhance user experiences in various sectors [12][13]

【导读】高瓴旗下HHLR Advisors三季度末美股持仓曝光 新进百度集团 三季度，HHLR Advisors大举加仓了拼多多、阿里巴巴等，新进百度集团、满帮集团等公司，但是减持了富途控股、网易、 逸仙电商等，清仓了京东、唯品会、理想汽车等。 今年三季度末，HHLR Advisors持有中概股的市值，占其持仓总市值的比例超过90%，继续成为核心配置，显示了其对中国 优质资产的长期看好。数据显示，三季度该公司新买进5只股票，增持4只股票；清仓8只股票，减持4只股票。 该公司的前十大重仓标的，包括拼多多、阿里巴巴、富途控股、微牛证券、百济神州、百度集团、传奇生物、网易、贝壳 等，前十大重仓股占总持仓的比例为93.46%。 | | | | 高瓴旗下HHLR今年三季度末美股前15大重仓 | | | | --- | --- | --- | --- | --- | --- | | 排名 | 证券代码 | 证券简称 | 持有市值 | 持有数量 | 较上季度变化情况 | | | | | (万美元) | (万股) | | | 1 | PDD | 拼多多 | 113568.39 | 859.26 | 增持161.58万股 | ...

【导读】高瓴旗下 HHLR Advisors 三季度末美股持仓曝光 中国基金报记者 吴君 北京时间 11 月 15 日，高瓴旗下专注二级市场投资的基金管理平台 HHLR Advisors 公布了 截至 2025 年三季度末的美股持仓报告。数据显示，三季度末 HHLR Advisors 总共持有 33 只股票，持仓总市值达到 41 亿美元，比二季度增加了 9.9 亿美元，增幅为 32% 。 三季度， HHLR Advisors 大举加仓了拼多多、阿里巴巴等，新进百度集团、满帮集团等公 司，但是减持了富途控股、网易、逸仙电商等，清仓了京东、唯品会、理想汽车等。 拼多多仍然是 HHLR Advisors 的第一大重仓股，三季度继续加仓了 161.58 万股，持有 859.26 万股，期末持有市值为 11.36 亿美元，占总持仓的 13.21% 。今年以来，拼多多股 价涨幅超过 35% 。 | Market Value | $4.09b, Prior: $3.10b | | --- | --- | | Inflows (Outflows) as % of Total MV | +5.0694% | | New Pur ...