2025年，AI浏览器业界每次出新品，谷歌的Chrome浏览器就要被杀一次。 01 当下的AI浏览器热潮里，谷歌、微软等同时拥有自研大模型基座和浏览器产品的巨型企业，习惯将大模型功能渐进地 引入既有的浏览器中。 这种路径依赖的好处是整合资源的成本低、产品有可以预期的较强稳健性。弊端则是没法像OpenAI和其他AI创业公司 一样，推出与Gemini in Chrome功能相近的新品就能成为市场营销攻势的爆点。 现在AI浏览器的入场玩家增多，但各家产品的功能在逐渐趋同。因为基座大模型的功能逐渐脱离"革命"（revolution） 阶段、迈入"进化"（evolution）阶段，各种基准竞赛的大模型跑分无法直接给用户带来ChatGPT奇迹的直观冲击，建 基于其上的AI浏览器，也会让用户觉得大同小异。 是的，OpenAI的Atlas浏览器各种惊艳功能，在谷歌5月底宣布的Project Mariner项目、9月中交付的成品Gemini in Chrome能看到大半。 最近一次，当然是OpenAI新发布的Atlas，快讯标题里常现"谷歌最怕"、"Chrome刺客"，结合谷歌股价应时波动、盘中 最大跌幅5%的消息，Chrom ...

Core Insights - Google has made a significant move by entering into its first corporate agreement to purchase electricity from a U.S. power plant that utilizes carbon capture and storage technology, aimed at powering its data centers in the Midwest region of the country [1] Company Summary - The agreement marks a strategic initiative for Google to enhance its sustainability efforts and reduce carbon emissions associated with its energy consumption [1] - This deal is part of a broader trend among tech companies to invest in renewable energy sources and innovative technologies to meet their energy needs while addressing environmental concerns [1] Industry Summary - The power plant involved in this agreement represents a growing sector focused on carbon capture and storage, which is gaining traction as a viable solution for reducing greenhouse gas emissions in energy production [1] - The collaboration between tech companies and energy producers highlights the increasing importance of sustainable practices in the energy industry, as corporate demand for cleaner energy sources continues to rise [1]

Group 1 - Applied Digital signed a $5 billion AI factory lease agreement with a cloud computing service provider for a duration of 15 years, which will enhance its computing power to 600 MW across two sites in North Dakota [5][6] - General Motors (GM) introduced new technologies including "eyes-off" autonomous driving and a conversational AI system developed with Google, aiming to enhance convenience and safety for consumers [8][10] - Morgan Stanley estimates that Amazon could save up to $4 billion annually by automating its warehouses, with a projected savings of $2 billion to $4 billion by 2027 due to a 20% to 40% reduction in order fulfillment costs [15] Group 2 - Google announced a breakthrough in quantum computing with its Willow chip, which reportedly runs algorithms 13,000 times faster than the best supercomputers, indicating potential applications in medicine and materials science [16][17] - Microsoft is pushing for further integration of Windows and Xbox, launching the ROG Xbox Ally series handheld gaming consoles, which can run PC games natively and stream games from Xbox consoles, marking a strategic shift in its gaming business [18]

blockchain 2025, jpmorgan, visa, google blockchain,. Photo by BeInCrypto Blockchain isn’t a proof of concept anymore — it’s becoming financial infrastructure in 2025. In Q3, legacy institutions quietly crossed the line from testing to building.  A new report shows that banks, payment networks, and cloud providers — from SWIFT and to Google Cloud and Visa —are now leveraging blockchain at scale — reshaping how global finance moves, settles, and stores value. Q3 2025 Becomes a Turning Point for Global Bloc ...

Core Insights - The article discusses the transformation of the global gaming industry, particularly focusing on the challenges and opportunities for Chinese gaming companies in the international market. It emphasizes the need for long-term operational capabilities and innovative marketing strategies to succeed in a competitive landscape [3][4][5]. Industry Overview - The global gaming industry experienced rapid growth from 2011 to 2021, with a compound annual growth rate (CAGR) exceeding 9.7%, and the mobile gaming market in China growing nearly 145% during the same period [5][6]. - However, post-pandemic, the industry has entered a downturn, with global market growth projected to drop to 2% in 2024 and 3% in 2025 [6][9]. Market Dynamics - The competition in the gaming market has intensified, with players increasingly gravitating towards established service-based games, which accounted for over 60% of user engagement time in 2022 [7]. - Emerging markets, particularly in the Middle East, Africa, and Latin America, are showing significant growth potential, with mobile gaming revenue in Latin America reaching 48% of total gaming revenue [9][10]. Successful Strategies - Successful examples include Supercell's Brawl Stars, which achieved over $400 million in monthly revenue five years post-launch through effective long-term operations [3]. - Chinese gaming companies are adapting by utilizing advanced marketing tools, such as Google Ads and YouTube, to enhance user acquisition and retention [4][11]. Marketing Evolution - The traditional approach to user acquisition through low-cost downloads is becoming less effective, with a shift towards more sophisticated marketing strategies that focus on user value and engagement [13][14]. - Companies are increasingly integrating brand advertising into their marketing strategies to reach broader audiences and enhance user recognition [15][16]. Technological Advancements - The article highlights the role of AI and advanced advertising platforms, such as Google's Gemini, in reshaping the gaming landscape, enabling companies to better understand and target their audiences [17][18]. - The integration of AI in game development is expected to democratize the creation process, allowing more individuals to participate in game design [18]. Conclusion - The future of gaming globalization for Chinese companies lies in leveraging new marketing capabilities and technological advancements to create and sustain high-quality gaming experiences in emerging markets [10][18].

This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: What we're watching What we're reading Economic data releases and earnings The US economy has defied calls for a slowdown for two years — dodging a recession despite various tariff shocks, higher borrowing costs, and geopolitical turmoil. The reason why? Artificial intelligence. BNP Paribas chief US economist James Egelhof put it bluntly in a roundtable with reporters this week: “ ...

近日，但斌执掌的东方港湾海外基金向美国证监会提交 2025年三季度 13F报告，12.92亿美元的持仓版 图与调仓路径随之曝光，持仓标的首次增至17只。三季度，但斌大举买入阿里巴巴，新进Astera Labs、 博通等AI产业链标的。 近期，私募大佬但斌的三季度一系列动作引发市场高度关注：约两个月前，他卸任东方港湾总经理职 务，仅保留经理头衔，同时身份信息由 "中国"变更为"中国香港"。结合其长期对美股的投资偏好，市 场猜测这一身份调整或为海外资产配置与资金募集提供便利。 东方港湾三季度末美股持仓规模达12.92亿美元 三季度科技股的强势，在A股及美股市场同步体现，纳斯达克指数单季累计上涨11.24%， 主要受益于 科技板块的强劲表现，尤其是英伟达、谷歌等权重股均在三季度创出历史新高。 大举买入阿里巴巴，新进博通等AI产业链标的 值得注意的是，阿里巴巴成为但斌的新宠。数据显示，三季度东方港湾新进持有阿里巴巴22.1万股，持 有市值3949万美元。从股价表现来看，阿里巴巴三季度涨幅达到57.6%，截至10月21日，年内涨幅超 100%。 今年9月17日，但斌曾公开发文指出，阿里巴巴市值仅为亚马逊的15.25%。 ...

Core Viewpoint - The optimism surrounding artificial intelligence (AI) has propelled the S&P 500 and NASDAQ indexes to all-time highs, yet there remain US-listed stocks that present compelling long-term value despite elevated valuations [1] Group 1: TSMC (Taiwan Semiconductor Manufacturing Company) - TSMC is the leading semiconductor foundry, crucial for manufacturing chips for AI-related companies like AMD and NVIDIA [3] - In 2024, TSMC reported revenues of US$90.1 billion and net income of US$35.5 billion, allowing for significant investments in manufacturing capabilities [3] - The company's capital expenditures (CapEx) are projected to rise from nearly US$30 billion in 2024 to US$40 to 42 billion in 2025, representing nearly 34% of its expected 2025 revenue [4][6] - TSMC's 2nm process, set for volume production in 2025, offers the highest transistor density and power efficiency in the industry, positioning it ahead of competitors [5] - The company faces geopolitical pressures to establish facilities in higher-cost regions, which may impact margins [6] Group 2: Alphabet (Google) - Alphabet is both challenged and presented with opportunities by AI, as evidenced by a decline in Google searches on Safari due to users shifting towards AI [8] - The company is actively adopting AI technology, with YouTube launching over 30 AI tools to enhance content creation and video production [9] - Google Cloud sales are expected to grow at an average annual rate of 26% over the next five years, driven by increased AI demand [10] - Alphabet had a net income of over US$100 billion in 2024 and plans to increase CapEx to approximately US$85 billion in 2025 [11] - The company is under significant regulatory scrutiny, facing ongoing antitrust proceedings and potential fines [12] Group 3: Meta Platforms - Meta is leveraging AI tools to enhance user engagement and monetization across its platforms, including Instagram and WhatsApp [13] - The company reported US$165 billion in sales and US$62 billion in net income for 2024, with CapEx for 2025 estimated between US$66 to 72 billion [14] - Meta's AI initiatives include an AI-powered recommendation model that has improved ad conversions on its platforms [15] - Unlike Google, Meta lacks a presence in the public cloud market, limiting its avenues for returns on AI investments [16] Group 4: Investment Outlook - Despite high market valuations, long-term investors can benefit from companies like TSMC, Alphabet, and Meta, which exhibit strong growth potential driven by AI [17] - The combined CapEx for these three companies in 2025 is expected to exceed US$180 billion, which may pressure near-term profitability but positions them for long-term competitive advantages [18]

Core Insights - Google has launched the "Grounding with Google Maps" feature, integrating Google Maps with its Gemini AI, enabling it to access real-time geographic data from 250 million locations, enhancing its reasoning capabilities and providing more accurate answers for travel planning and local services [1][2][5]. Group 1: Feature Overview - The new feature allows Gemini to understand "geospatial" information, combining maps and AI to unlock location intelligence [1][4]. - Gemini can now automatically call Maps data when questions involve geographic, location, route, merchant, or area information, significantly expanding AI capabilities [7][9]. - The integration is particularly beneficial for local searches, delivery services, real estate, and travel planning, where geographic context is crucial [9][11]. Group 2: Applications and Use Cases - Typical applications include intelligent geographic Q&A, route planning, personalized map recommendations, and location-based services [11][13]. - Businesses can utilize this feature for commercial site selection, dynamic logistics optimization, real estate market analysis, and hyper-local marketing [13][11]. - Developers can enhance user experience by combining Google Maps data with Gemini's reasoning capabilities to generate more relevant and accurate responses [7][11]. Group 3: Technical Details - The pricing for the API is set at $25 per 1,000 requests, which may be considered expensive for high-frequency applications [10]. - Specific Gemini models support the Google Maps grounding feature, including Gemini 2.5 Flash-Lite, Gemini 2.5 Pro, and others [17]. - Developers can easily implement the feature using the Gemini API, enabling context-aware responses based on geographic data [21][22].

Core Insights - Alphabet's Google has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity, valuing the company at 750 million pounds [1] Company Summary - The investment is directed towards THG Ingenuity, which is the demerged arm of the British e-commerce firm THG [1] - The valuation of THG Ingenuity at 750 million pounds indicates a significant financial commitment from Google, reflecting confidence in the growth potential of the e-commerce sector [1]