面对谷歌日益严峻的竞争威胁，OpenAI CEO Sam Altman 近日发布"红色代码"警报，这标志着这家全球 估值最高的初创公司正经历一次重大的战略修正。 为了应对市场份额流失和巨大的财务压力，OpenAI 决定暂时搁置包括Sora视频生成器在内的长期研发 项目，转而在短期内全力通过提升用户活跃度来巩固ChatGPT的大众市场地位。 据华尔街日报报道，Altman 在发给员工的备忘录中明确指示，公司应将"更好地利用用户信号"作为优 先事项，以提振ChatGPT在模型排行榜上的表现并增加用户粘性。这种策略意味着OpenAI将更多依赖 基于用户点击反馈的训练数据，而非单纯依靠专业评估。此前，这一策略曾助推GPT-4o模型获得极高 的用户参与度，但也因引发模型"过度迎合"用户而招致关于加剧用户心理健康问题的争议。 此次战略调整正值OpenAI 面临成立以来最严重的挑战。谷歌近期推出的Nano Banana图像生成器和 Gemini 3模型在市场和关键的第三方评测（如LM Arena）中迅速崛起，不仅在性能上超越了OpenAI， 更在抢占企业客户和消费者市场。若无法遏制增长放缓的趋势，OpenAI 可能难以支付 ...

此前欧盟已援引反垄断规定，数次重罚谷歌。2017年，欧盟认定谷歌利用其搜索引擎主导地位，操控网 上购物比价搜索结果，进而把网民引向自家购物服务，对谷歌处以24.2亿欧元罚款。2018年，欧盟认定 谷歌利用安卓系统在欧盟市场的主导地位，对手机生产商和移动网络运营商"非法设限"，对谷歌处以 43.4亿欧元罚款。(完) 来源：中国新闻网 编辑：付健青 欧盟对谷歌人工智能服务发起反垄断调查 中新社布鲁塞尔12月9日电 (记者 德永健)欧盟9日宣布对美国互联网巨头谷歌公司发起反垄断调查，重 点是谷歌是否滥用主导地位，扭曲人工智能(AI)服务市场竞争。 根据欧盟委员会当日发布的公告，欧盟怀疑谷歌将网络发布商的内容用于人工智能服务时，或未向发布 商提供合理补偿，或不允许发布商拒绝，而许多发布商出于流量考虑，只能选择继续使用谷歌搜索。 此外，欧盟怀疑谷歌使用旗下视频网站优兔(YouTube)上的内容训练人工智能模型时，或未向内容创作 者提供合理补偿，或不允许内容创作者拒绝，而且禁止其他开发者使用优兔上的内容训练人工智能模 型。 公告称，欧盟将调查谷歌是否向网络发布商和内容创作者提供不公平合同条款或设定不公平交易条件， 是否对 ...

Group 1: Market Performance - US stock indices closed mixed on Tuesday, with the Dow Jones down 0.37%, Nasdaq up 0.13%, and S&P 500 down 0.08% [1][8] - Notable movements included Nvidia and Apple slightly down, while Amazon, Microsoft, Google, Broadcom, Tesla, and Walmart saw gains of over 1% [1][8] - The Nasdaq Golden Dragon China Index performed poorly, dropping over 2%, with significant declines in stocks such as Qudian down 7.52%, Beike down 5.01%, and Bilibili down 4.19% [1][8] Group 2: Macroeconomic Indicators - The US JOLTs job openings for October were reported at 7.67 million, exceeding expectations of 7.15 million [2][9] - The Conference Board's leading economic index for September was -0.3%, in line with expectations, compared to a previous value of -0.5% [2][9] - The EIA raised its short-term oil price forecasts, projecting Brent crude at $68.91 per barrel in 2025 (up from $68.76) and $55.08 in 2026 (up from $54.92) [2][9] Group 3: Central Bank Dynamics - The Director of the White House National Economic Council, Hassett, indicated that the Federal Reserve has significant room for interest rate cuts, potentially exceeding 25 basis points [3][10] - Hassett emphasized the importance of maintaining political neutrality if appointed as Fed Chair, focusing on economic data [3][10] - He is reportedly favored among Trump's advisors for the Fed Chair position, with final interviews scheduled this week [3][10] Group 4: Commodity and Asset Prices - International precious metal prices surged, with spot silver surpassing $60 per ounce, gaining over 3% in a day and up 108% year-to-date [5][11] - Spot gold broke through $4,220 per ounce, increasing by 0.70%, while New York futures for gold exceeded $4,250 per ounce, rising by 0.77% [5][11] - Cryptocurrency markets also strengthened, with Bitcoin rising above $94,000, up 3.73%, and Ethereum surpassing $3,300, up 5.71% [6][12] - US natural gas futures declined over 4%, currently priced at $3.707 per million British thermal units [7][13]

人民财讯12月10日电，中信证券指出，近期谷歌在AI方向的加速让市场看到其软硬件一体化的潜力， 也强化了其自研的TPU芯片在AI计算加速的适用性，同时The Information报道谷歌和Meta正商谈进行对 外销售TPU，如果落地也将是ASIC商业模式的突破。中信证券认为英伟达GPU作为主流AI算力芯片的 格局仍会保持不变，谷歌TPU产业链也有潜力成为2026年AI硬件领域弹性最大的子板块之一，建议关注 算力基建和应用落地等层面的机会。 ...

当地时间12月9日，美股在美联储年内最后一次议息会议前夕交投谨慎，三大股指收盘涨跌不一。道指 受摩根大通拖累下跌0.38%，标普500指数微跌0.09%，纳指则小幅上涨0.13%。 市场普遍预期美联储将降息25个基点，但焦点已转向对未来利率路径的指引以及主席鲍威尔的会后措 辞。芝商所FedWatch工具显示，降息概率高达89.4%，显著高于一个月前的不足67%。 银行股承压，科技股分化 摩根大通股价单日重挫4.66%，创4月以来最大跌幅，因其高管Marianne Lake在会议上预计2026年全年 支出将达1050亿美元，远超华尔街预期。银行板块整体受压，金融业ETF收跌0.37%。 白银市场成为当日最大亮点。现货白银收涨4.33%，报60.653美元/盎司，COMEX白银期货涨4.72%，双 双创下历史新高。瑞达期货研究院研究员廖宏斌指出，从基本面看，据白银协会预测，2025年全球白银 市场仍将出现约9500万盎司的结构性供应缺口，为白银连续第五年呈供不应求格局。 "在降息预期升温、白银库存持续处于低位以及工业需求保持韧性的多重因素共振下，预计白银价格将 延续震荡偏强走势。"廖宏斌补充道。值得注意的是，白银 ...

Key Points - The article discusses various significant events and developments in the tech and automotive industries, including corporate restructuring, product launches, and regulatory actions. Group 1: Corporate Developments - Blue Zhanfei responded to allegations of staging his kidnapping in South Africa, detailing the traumatic experience he faced during the incident [4][5]. - The U.S. government approved the sale of NVIDIA's H200 AI chips to China, imposing a 25% fee on each chip sold, which is seen as a compromise to allow sales of less advanced technology [6][7]. - Alibaba established a new consumer-facing business unit, Qianwen, aiming to create a super app that integrates various services and AI capabilities [8]. - Xiaomi underwent significant personnel changes in its Chinese operations, with leadership adjustments aimed at improving performance amid declining sales in key product categories [9][10]. Group 2: Product Launches and Innovations - Xiaomi plans to launch three new vehicle models by 2026, targeting different consumer needs, including a large SUV and a luxury sedan [14][15]. - Tencent's OVBU unit has established a new technology department to enhance its video content production capabilities, focusing on AI integration [16]. - Galaxy General Robotics, a leading company in the embodiment intelligence sector, denied rumors of an upcoming IPO while announcing a valuation of 17 billion yuan [17]. - Cloud Deep Technology completed over 500 million yuan in Series C financing, with plans for an IPO on the horizon [18]. Group 3: Regulatory and Market Actions - The EU imposed a €120 million fine on X (formerly Twitter) for violating transparency obligations under the Digital Services Act [34][35]. - The EU has initiated an antitrust investigation into Google regarding its use of online content for AI training without proper authorization [42][43]. - SoftBank and NVIDIA are in talks for a significant investment in Skild AI, which could elevate its valuation to $14 billion [44][45].

Core Insights - The UK communication regulator Ofcom reported that by 2025, the average daily time spent by UK individuals on YouTube will be 51 minutes, indicating a significant shift in media consumption patterns towards digital platforms [1][2] - The report highlights that Google and Meta's social media services account for over half of all online time, reflecting their dominance in the digital advertising space [1][2] Group 1: Internet Usage Trends - UK adults are expected to spend an average of 4.5 hours online daily by 2025, an increase of 10 minutes from the previous year [2] - YouTube is the most popular service from Google in the UK, with 94% of adult internet users engaging with it by May 2025, surpassing Google Search at 82% [2] Group 2: Social Media Engagement - The combination of Facebook and Messenger remains the most widely used service from Meta, with 93% of online adults using it, while WhatsApp has a usage rate of 90% [2] - The growing popularity of YouTube signifies a rapid transformation in the UK's media landscape, with traditional linear broadcasters losing audience share to Google and Meta's social media platforms [2] Group 3: Advertising Landscape - In July 2023, Ofcom indicated that Meta and Google are projected to capture approximately 60% of the UK's advertising expenditure in 2024, with YouTube being the second most viewed service after BBC [2]

Core Viewpoint - India is proposing a mandatory copyright usage fee system for AI companies, requiring them to pay for the use of copyrighted content in model training, which may reshape the operations of companies like OpenAI and Google in one of the world's most important and fastest-growing markets [1][3]. Group 1: Proposed Framework - The Indian Department for Promotion of Industry and Internal Trade (DPIIT) has released a proposed framework allowing AI companies to use all copyrighted works for model training, provided they pay a copyright usage fee to a new collective management organization composed of rights holders [3][4]. - This "mandatory blanket license" mechanism aims to reduce compliance costs for AI companies while ensuring fair compensation for creators such as writers, musicians, and artists when their works are used for commercial model training [3][4]. Group 2: Legal Context and Global Concerns - The proposal comes amid growing global concerns regarding AI companies' use of copyrighted materials for training, with lawsuits emerging in the US and Europe from authors, news agencies, and artists [3][5]. - Unlike the ongoing policy debates in the US and EU regarding transparency obligations and the boundaries of fair use, India's proposal is one of the most interventionist measures to date, automatically granting AI companies the right to use copyrighted content under the condition of payment [3][4]. Group 3: Industry Reactions - Industry associations representing companies like Google and Microsoft, such as Nasscom, have formally opposed the proposed model, advocating for a broader "Text and Data Mining" (TDM) exception that would allow AI developers to use copyrighted content under legal acquisition [5][6]. - The Business Software Alliance (BSA), representing global tech companies, has also urged the Indian government to avoid a purely licensing approach, suggesting that relying solely on direct or statutory licensing may not yield the best outcomes [5][6]. Group 4: Government's Position and Next Steps - The Indian government committee has rejected the broad TDM exception and opt-out model, arguing that such mechanisms could weaken copyright protection or be difficult to enforce [6]. - Instead, the committee proposed a "hybrid model" where AI companies can automatically access all legally available copyrighted works but must pay royalties to a central collective management organization, which will distribute the earnings to creators [6]. - The Indian government has initiated a public consultation process, allowing companies and stakeholders 30 days to submit feedback before final recommendations are made [6].

以下文章来源于妙投APP ，作者董必政 妙投APP . 虎嗅旗下二级市场投研服务品牌，为您提供精选上市公司价值拆解，热门赛道产业链梳理 最近，"易中天"又躁动了。 如果说，美股的AI盛宴是在围猎英伟达、谷歌；那么，A股的AI狂欢就集中在两个代号里：一个是 炒芯片的"纪联海"（寒武纪、工业富联、海光信息），另一个则是炒连接的"易中天"（新易盛、中 际旭创、天孚通信）。 中际旭创在11月27日刷新历史高价，天孚通信紧随其后，在12月8日创出新高。截至12月8日，中际 旭创、天孚通信、新易盛的市值分别为6333亿、1842亿和4021亿。 光模块的性能直接决定了数据传输的效率和稳定性。一旦数据传输跟不上，就像高速路上堵了车， 算力再强也白搭。 正因为"算力"与"运力"的搭档，GPU、光模块缺一不可。 但在欢呼声中，资本市场的质疑也没停过。 此前，多少人盯着这个赛道，看到光模块企业有40-60倍、甚至超80倍的PE（市盈率）直呼"泡 沫"，毕竟通信行业的历史估值均值常年趴在15-20倍。 也有观点认为，要想支撑这种估值，企业净利润得维持三位数增长，在成熟制造业里，这简直是天 方夜谭。 出品 | 妙投APP 作者 | ...

当地时间12月9日，美股三大股指收盘涨跌不一，道指跌0.38%，标普500指数跌0.09%，纳指涨0.13%。 美股大型科技股涨跌互现，美国科技七巨头指数上涨0.14%。个股方面，特斯拉、谷歌涨超1%，亚马逊、微软微涨；Meta跌超1%，苹果、英伟达小幅下 跌。 银行股涨跌不一。摩根大通跌超4%，富国银行跌逾1%；摩根士丹利、高盛涨逾1%，花旗小幅上涨。 消息面上，摩根大通高管Marianne Lake在周二公开表示，预计该行2026年全年支出为1050亿美元，预计第四季度投行业务费用收入同比增幅在个位数百 分比。 中概股多数下跌，纳斯达克中国金龙指数跌1.37%。个股方面，百度集团跌超4%，贝壳跌近4%，小鹏汽车跌超3%；世纪互联涨超2%，万国数据涨逾 1%。 | く白 | 纳斯达克中国金龙指数(HXC) Q | | --- | --- | | 12-09 16:03:23 | | | 7730.60 昨收 | | | -107.15 -1.37% 今开 7729.81 成交量 | | | 上涨 0 平盘 0下跌 | 0 | | 最高价 = 774408 最低价 7668.72 近20日 | | | 市盈率 ...