OCS 交换机行业进展更新 20230331 摘要 OCS 应用场景从 TPU 柜间连接拓展至跨数据中心 Scale- across，2026 年 Oracle 已下单，微软、Meta、英伟达进入样机测试 阶段。 市场规模由通道数驱动，2026 年主流产品从 128 通道升级至 300+ 通道，预计 2028 年总需求量达 7-8 万台，年增速有望翻倍。 MEMS 方案最成熟，液晶方案（Coherent/微软）2026 年起量且寿命 更长，光波导方案时延短但目前仅能产 32 通道，产业链配套尚不成熟。 OCS 整机售价约 500 美元/通道，BOM 成本约 200 美元/通道；当前 供给瓶颈在于整机装配效率低，预计 2026Q3 随供应链爬坡进入大规模 量产。 腾景科技为液晶方案核心供应商，提供晶体材料及准直器阵列（占 BOM 40%），预计 2026 年相关收入超 2 亿元。 德科立主攻光波导整机代工并送样谷歌/英伟达；光库科技具备代工经验； 凌云光与英唐智控分别布局压电陶瓷与收购技术团队。 英伟达未来架构（如 2028 年费曼代）Scale-up 互联是否采用 OCS 尚 无定论，若落地将成为产业趋势加速 ...

Meta is building a team of elite AI researchers to optimize the powerful algorithms that keep people's eyeballs glued to Facebook and Instagram, according to job listings and LinkedIn posts. The team, MRS Research, is part of Meta Recommendation Systems, which runs the home feeds in Meta's apps, and the unit has already drawn talent from TikTok and Amazon. MRS builds the algorithms that determine what kinds of content people see and works closely with the company's Ads division.MRS Research formed as part ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

Core Viewpoint - Perplexity AI Inc. is facing a lawsuit for allegedly sharing users' personal information with Meta Platforms Inc. and Alphabet Inc.'s Google, violating California privacy laws [1][2]. Group 1: Allegations Against Perplexity AI - The lawsuit claims that as soon as users log into Perplexity's homepage, trackers are downloaded onto their devices, allowing Meta and Google to access conversations between users and Perplexity's AI search engine [1]. - Users' personal data is reportedly shared even when they utilize Perplexity's "Incognito" mode, raising concerns about privacy [2]. - The complaint states that Perplexity embedded "undetectable" tracking software in its code, which automatically transmits users' conversations to Meta, Google, and other third parties [3]. Group 2: Legal Context and Responses - The lawsuit is filed on behalf of a Utah man, referred to as John Doe, who claims to represent a class of Perplexity users and has shared sensitive financial information with the chatbot [3]. - The lawsuit also targets Meta and Google, accusing them of violating federal and state computer privacy and fraud laws [4]. - A spokesperson for Meta indicated that it is against the company's rules for advertisers to send sensitive information, and they have not yet been served with a lawsuit matching the description [4].

证券研究报告 行业研究 / 行业深度 2026 年 04 月 01 日 电子 / 消费电子 强于大市 投资要点： 一年内行业指数与沪深 300 指数对比走势： 资料来源：聚源数据，爱建证券研究所 相关研究 范林泉 S0820525020001 021-32229888-25516 fanlinquan@ajzq.com 许亮 S0820525010002 0755-83562506 xuliang@ajzq.com 行业及产业 从技术融合到生态构建，把握穿戴智能化新浪潮 ——AI 眼镜行业深度报告 - 行业 2023 年以来迎来爆发式增长，但仍处培育期，增长空间广阔。AI 眼镜是技术融合下的 智能穿戴新形态，相较 AR、VR、XR 智能眼镜，是当前最具大众普及潜力的近眼终端，2023 年以来行业迎来爆发式增长，2023-2025 年全球销量从 24 万台暴增至 766 万台，核心驱动 力源于端侧大模型落地、硬件技术升级以及巨头入局。当前行业仍处培育期，定价集中于中 高端区间，未覆盖大众消费群体，海外市场占主导地位，中国市场仍处于产品导入与用户教 育的早期阶段，渗透率低，但增长强劲，未来随着供应链成熟与价格带下 ...

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a major shift in the global economy driven by AI innovation [2] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant advancement with the potential for substantial social benefits [8] Market Opportunities - The AI ecosystem is expected to reshape business, government, and consumer operations globally, indicating vast investment opportunities [2] - The narrative suggests that investors may soon regret not owning shares in a specific AI company that is positioned to capitalize on this technological wave [9] - The company in question is described as quietly enhancing critical technology that underpins the AI revolution, suggesting a strategic advantage in the market [6]

1、 美国总统特朗普表示，即使霍尔木兹海峡仍大体关闭，也愿意结束对伊朗的军事行动。 他认为对伊 朗战争很可能很快结束，其他国家无需美国军事援助即可重新开放霍尔木兹海峡。美国国防部长赫格塞 思表示，美国当前"首要任务"是寻求一项协议，以结束与伊朗的战事。伊朗总统佩泽希齐扬表示，伊朗 愿意结束战争，但前提是其诉求得到满足，尤其是获得不再遭受侵略的保证。 2、伊朗外交部长阿拉格齐表示，当前局势"并非谈判"，而是通过直接渠道或"地区朋友"进行的信息交 换。 伊朗仍收到来自美方代表威特科夫的信息，但这并不意味着谈判已启动，相关交流主要为"警告或 交换观点"。 他指出， 目前伊朗未与任何特定方展开谈判。 阿拉格齐强调，伊朗未对美国提出的15项 提议作出任何回应，也未提出任何提议或条件。 3、 伊朗伊斯兰革命卫队发布公告称，将中东地区与18家美国信息通信技术和人工智能企业有关的公司 机构作为"合法打击目标"，包括英伟达、苹果、特斯拉、谷歌、Meta、微软、思科、惠普、英特尔、 甲骨文、IBM、摩根大通及波音等。 4、 外交部长王毅同巴基斯坦副总理兼外长达尔在北京举行会谈，双方就海湾和中东地区局势交换意见 并提出五点倡议： ...

Core Insights - Meta's Instagram introduced new content restrictions for teenage users inspired by the PG-13 rating system, aiming to enhance child safety and ease parental concerns [2][5][12] - The Motion Picture Association (MPA) opposed Instagram's use of the PG-13 label, leading to a cease-and-desist letter and subsequent negotiations that resulted in Meta distancing itself from the PG-13 branding [19][21][24] Group 1: Content Restrictions and Implementation - Instagram's content restrictions for teenagers are designed to align with the standards of PG-13 movies, which include limitations on nudity, sexual content, and violence [2][12] - The platform faced challenges in adapting the PG-13 guidelines to short video formats, particularly regarding the use of crude language and risky stunts [13][15] - Instagram's Teen Accounts, introduced in 2024, aim to provide a safer environment for younger users by limiting exposure to inappropriate content [10][12] Group 2: Legal and Industry Reactions - The MPA's pushback against Instagram's PG-13 branding included a cease-and-desist letter, emphasizing the need to separate the film industry's rating system from Instagram's content moderation practices [19][21][24] - Meta's initial response to the MPA's concerns included a statement asserting that its content restriction tools were not certified by the MPA, despite using AI and human review for content moderation [22][29] - Following negotiations, an agreement was reached in March that allowed Meta to continue its content policies while clarifying that it did not collaborate with the MPA in formulating its restrictions [25][29]

4 . 华虹半导体(01347)反弹近7%，截至发稿，涨5.41% 。消息面上，华虹公司收购华力微的并购交易 获上交所受理，标志着本次资产注入程序已进入实质审核阶段，预计后续程序将有序、稳步地推进 。 点击蓝字，关注我们 今日上午港股 1. 舜宇光学(02382)绩后涨超5%，截至发稿，涨5.71% 。消息面上，舜宇光学发布年度业绩，全年实 现总营收约432.3亿元人民币，同比增长12.9%；归属于股东的净利润同比增长71.9%；末期股息每股 1.206港元，分红总额约达13.01亿港元，股息率约25%，创下近年新高。 2 . TCL电子(01070)涨超12%，截至发稿，涨12.15% 。消息面上，3月31日，TCL电子宣布其全资子公 司TTE已与索尼订立交易框架协议，TTE将与索尼成立一家合资公司（新公司），来承接索尼电视和 音响等家庭娱乐业务，TTE将认购新公司51%股权并同时将全资收购索尼在马来西亚的子公司 SOEM，交易价为753.99亿日元（约37.81亿港元），交割日期为2027年4月1日，交易还需获得政府批 准。 3 . 铝业股继续走高，截至发稿， 中国铝业(02600)涨4.09%，南山铝业 ...

Core Insights - Meta is leveraging artificial intelligence to enhance the safety and efficiency of its product development processes [1][2][3] Group 1: AI Implementation in Risk Management - The AI-powered Risk Review program allows Meta to identify risks earlier and apply safeguards consistently during product development [2] - The risk review process includes identifying and mitigating privacy, safety, and security concerns, as well as ensuring compliance with legal requirements across various devices [2] - AI automates parts of the risk review process by pre-filling documentation and helping teams quickly scan product proposals, thereby improving efficiency [3] Group 2: Human-AI Collaboration - The integration of AI in the Risk Review process is designed to enhance, not replace, human judgment, according to Meta's Chief Compliance and Privacy Officer [3] - AI helps in spotting patterns sooner and identifying potential issues that may be overlooked, combining efficiency with human expertise [7] Group 3: Broader AI Adoption at Meta - Meta's Chief Technology Officer is leading the initiative to adopt AI tools across the organization, aiming to empower employees in their work [8] - The company plans to transition content enforcement from third-party vendors to its new AI systems, which will handle repetitive tasks while humans remain involved in critical decisions [9] - New AI-powered anti-scam tools have been launched for WhatsApp, Facebook, and Messenger to help users avoid scams [9]