Microsoft Joins the Crowd Trailing OpenAI in the Chatbot Competition https://t.co/A4Mhp5AVdh ...

编注：我们会不定期挑选 Matrix 的优质文章，展示来自用户的最真实的体验和观点。 文章代表作者个人观点，少数派仅对标题和排版略作修改。 前言 在 WWDC 2025 上 Apple 发布了 iOS 26/macOS 26，这套新系统一改沿用了多年的扁平化设计风格，带来了液态玻璃和丰富的动效设计，也再度掀起了对 界面质感和视觉空间感的热烈讨论。有人感慨「历史果然是个轮回」，也有人调侃「iOS 26 不过是把 2007 年 Windows Vista 没能真正实现好的那套东西 做出来了」。 毛玻璃、柔和光泽投影，这些曾被扔进「过时设计」垃圾桶的元素，确实也让我重新想起了 18 年前那一代极具争议的操作系统——Windows Vista。Vista 所代表的 Frutiger Aero 美学，正是当下 Liquid Glass 风格的早期雏形。 2007 年，微软发布了 Windows Vista，Vista 即拉丁语中的「远景」。彼时 Windows XP 已统治全球 PC 桌面超过 5 年，堪称史上最成功的 Windows 版本， 几乎所有人都在期待微软的新系统能再次革新操作体验。同一年，Apple 推出了 ...

Core Insights - Bing has achieved a significant milestone in the Chinese market, capturing a 40.23% market share in desktop search as of June 2025, marking its position as the leading search engine in China for 12 consecutive months [2][4] - Microsoft's investment of nearly $100 billion in Bing over the years has finally paid off, particularly benefiting from the digitalization and globalization trends among Chinese enterprises [3][6] - The rise of AI-driven search capabilities has transformed Bing from a mere alternative to a formidable competitor in the search engine landscape, with a notable increase in user engagement and interaction [12][15] Market Position and Growth - Bing's user base in China has surged by 12 times over the past five years, with China contributing 28.25% of Bing's global traffic, surpassing the United States [6][9] - Despite a temporary resurgence of Bing in the U.S. market in May 2025, the alternating leadership in both markets indicates a promising future for Bing in China [9][11] - The integration of Bing into Microsoft's ecosystem, particularly with the launch of Bing Chat Enterprise, has enhanced its presence in enterprise productivity scenarios [10][11] AI and Product Innovation - The introduction of the "New Bing" powered by AI models has redefined the search experience, allowing for more natural interactions and deeper understanding of user intent [15][16] - Bing's advertising model has evolved, with AI enabling more precise targeting and significantly reducing cost-per-click for advertisers, enhancing overall commercial viability [17][19] - The localized features and innovations, such as accurate weather forecasting and tailored marketing strategies, have further solidified Bing's appeal in the Chinese market [10][19] Competitive Landscape - The ongoing AI search battle is intensifying, with major players like Google and emerging startups vying for market share, indicating a long-term competitive environment [20][21] - Microsoft's strategy of integrating Bing into a broader ecosystem, including Windows 11 and Microsoft 365, enhances user engagement and retention [22] - Despite Bing's impressive growth, challenges remain, including reliance on desktop usage and the need to navigate local regulatory landscapes [23]

TD Cowen将 微软目标价从540美元上调至580美元。 ...

干得好也会被裁的时代来了 "裁掉"你，与你何干？ 今年以来投资者喜欢把微软、英伟达和Meta等缩写为MNM中，过去几年"美股七巨头"的说法成为过去式。 但就是这样优质的科技股，代表AI下一个时代的大厂，也在一片"上涨声中"开启了大裁员。 微软最近开启了年内新一轮裁员计划，预计将影响约 9000 个工作岗位，占其全球员工总数的 4%。这是微 软今年宣布的第二次大规模裁员，也是其在 18 个月内的第四次大规模人员调整。 裁员这几年在中美并不稀奇，但是通常来说裁员是为了"降本增效"，直白点说就是保利润砍成本，那么人员 成本自然成了优先项。但微软这次的大裁员却并非这么回事。 今年微软并没有营收方面的担忧，最新一个季度再次交出了超越市场预期的成绩。微软发布的2025财年第 三季度财报显示，按照美国通用会计准则(GAAP)计算，微软第三财季总营收为700.66亿美元，较上年同期 的618.58亿美元增长13%；净利润为258.24亿美元，较上年同期的219.39亿美元增长18%。这个增长率绝对不 俗。 那为什么要裁员呢？微软董事长兼首席执行官萨蒂亚·纳德拉（Satya Nadella）表示，目前该公司多达 30% 的代码 ...

点击蓝字，关注我们 OpenAI周三表示，其将使用谷歌(GOOGL.US)的云基础设施来运行其广受欢迎的聊天机器人 ChatGPT。对于扩充计算能力的努力，与 OpenAI 对更多计算资源的渴望相契合，因为该公司最初完 全依赖微软(MSFT.US)来获取云服务资源，而如今其业务需求愈发旺盛，需要更多的计算能力来满足 需求。此后，这两家公司的关系也发生了变化，去年微软将 OpenAI 列为竞争对手。这两家公司都为 开发者提供人工智能工具，并为企业提供订阅服务。 为投资交易提供更有价值的服务 微软在 1 月份表示，已同意采取一种模式，即在 OpenAI 需要更多计算资源时，提供优先购买权，而 非始终作为其唯一的供应商。微软仍拥有 OpenAI 编程接口的独家使用权。 OpenAl联合创始人兼首席执行官萨姆·奥特曼在 4 月份表示，利用英伟达(NVDA.US) GPU来驱动其大 型语言模型的OpenAl正面临产能限制的问题。 免责声明及一般披露提示：本报告仅作一般综合数据之用，旨在贝塔投研及其关联机构之用户作一般阅览及数据参 考，并未考虑接获本报告之任何人士之特定投资目标、投资产品偏好、风险承受能力、财务状况及特别 ...

Core Viewpoint - The technology sector is expected to show strong earnings performance in Q2, driven primarily by spending in cloud computing and artificial intelligence [1] Group 1: Technology Sector Outlook - Wedbush recommends five major tech stocks for the second half of the year: Nvidia (NVDA.US), Meta (META.US), Microsoft (MSFT.US), Palantir (PLTR.US), and Tesla (TSLA.US) [1] - Analysts believe that the upcoming earnings season will be robust, with a strong performance anticipated from major tech companies [1] - The "AI revolution" is accelerating growth in semiconductors, software, and both enterprise and consumer sectors [1] Group 2: Future Growth Projections - Analysts predict a significant growth wave from $2 trillion in spending on AI technology and applications by enterprises and governments over the next three years [1] - The current period is seen as a "golden age" for technology stocks, with expectations of a substantial rise in tech stocks by the second half of 2025 [2] - 2025 is identified as a turning point for generative AI development, with companies transitioning from concept to large-scale application [2] Group 3: Economic and Strategic Factors - Analysts expect a softening of the Trump administration's hardline stance on tariffs, leading to comprehensive trade agreements that will not significantly impact large tech companies [2] - Nvidia's recent decision to resume sales of its H20 chips to China is viewed as a strategic positive for the tech industry [2] Group 4: Ecosystem Impact of AI Investment - In the early stages of AI application, Nvidia chips and cloud computing products are primarily utilized, with an estimated return of $8 to $10 for every $1 invested in Nvidia products across the tech ecosystem [3]

OpenAI正式将谷歌云纳入其供应商名单，标志着其在多元化计算资源供应方面迈出关键一步，进一步 摆脱对长期合作伙伴微软的依赖。 77月17日，据媒体报道，OpenAI已在其官网更新的供应商列表中加入谷歌云，该协议于今年5月正式敲 定，此前双方进行了数月谈判。 这一合作安排旨在满足OpenAI不断攀升的计算能力需求，且该合作对谷歌云业务构成重大利好，有助 于其在与亚马逊AWS和微软Azure的竞争中获得优势。与此同时，这也反映出大规模AI模型训练和部署 的巨大计算需求正在重塑人工智能行业的竞争格局。 OpenAI目前的云服务供应商还包括微软、甲骨文和CoreWeave等公司。分析认为，这种多元化供应策略 将增强OpenAI的议价能力并降低供应链风险。 多元化计算资源布局加速 OpenAI的供应商多元化战略并非一蹴而就。今年早些时候，该公司与软银和甲骨文合作推出了价值 5000亿美元的Stargate基础设施项目，并与CoreWeave签署了一项为期五年、价值近120亿美元的云服务 协议。 OpenAI联合创始人兼CEO Sam Altman今年4月曾公开表示，公司正面临计算能力限制。他在社交媒体X 上写道："如 ...

微软在 1 月份表示，已同意采取一种模式，即在 OpenAI 需要更多计算资源时，提供优先购买权，而非 始终作为其唯一的供应商。微软仍拥有 OpenAI 编程接口的独家使用权。 智通财经APP获悉，OpenAI周三表示，其将使用谷歌(GOOGL.US)的云基础设施来运行其广受欢迎的聊 天机器人ChatGPT。对于扩充计算能力的努力，与 OpenAI 对更多计算资源的渴望相契合，因为该公司 最初完全依赖微软(MSFT.US)来获取云服务资源，而如今其业务需求愈发旺盛，需要更多的计算能力来 满足需求。此后，这两家公司的关系也发生了变化，去年微软将 OpenAI 列为竞争对手。这两家公司都 为开发者提供人工智能工具，并为企业提供订阅服务。 OpenAl联合创始人兼首席执行官萨姆·奥特曼在 4 月份表示，利用英伟达(NVDA.US) GPU来驱动其大型 语言模型的OpenAl正面临产能限制的问题。 OpenAI 已将谷歌纳入供应商名单，明确表示 ChatGPT 及其应用程序编程接口将使用谷歌云平台，此外 还将使用微软、CoreWeave(CRWV.US)和甲骨文(ORCL.US)的资源。 这一消息对谷歌而言是一大利好 ...

Group 1 - The technology growth and AI sectors, which have undergone sufficient adjustments, are expected to see elastic improvements supported by performance [1][11] - The U.S. stock market showed a rebound with the Dow Jones up 0.53%, Nasdaq up 0.25%, and S&P 500 up 0.32% [4] - Major tech stocks exhibited mixed performance, with Tesla rising 3.5% and Google, Apple, and Nvidia also gaining, while Meta Platforms and Amazon saw declines [4] Group 2 - Goldman Sachs reported Q2 revenue of $14.583 billion, down 28.65% year-on-year, but net profit increased by 22.35% to $3.723 billion [4] - Bank of America experienced a 6.12% decline in Q2 revenue to $34.066 billion, with net profit rising 10.82% to $7.396 billion [4] - Morgan Stanley's Q2 revenue increased by 6.48% to $13.748 billion, with net profit up 26.47% to $4.315 billion [4] Group 3 - The U.S. Producer Price Index (PPI) showed a year-on-year increase of 2.3%, better than market expectations, with no month-on-month change in June [5] - The National Energy Administration reported a record national peak electricity load of 1.506 billion kilowatts, an increase of 0.55 billion kilowatts from the previous year [7] - The Ministry of Industry and Information Technology announced new vehicle product listings, including Tesla's new electric model [7] Group 4 - Pingming Technology expects a net profit increase of 231.79% to 302.89% for the first half of 2025, driven by growth in construction information software revenue and cost control [9] - Taiji Group plans to repurchase shares worth between 80 million and 120 million yuan, with a maximum repurchase price of 28.03 yuan per share [10] - Huayuan Holdings intends to repurchase shares worth between 20 million and 40 million yuan for employee stock ownership plans, with a maximum price of 12.28 yuan per share [11]