136.20亿市值 88.05亿市值 76.81亿市值 17.03 3.89 46.97 0.00(0.00%) -0.05(-1.32%) -0.54(-1.14%) MINI 名创优品 SOU 60 07亿美 陈国际城 唯品会 唯品会 CD Latible 75.61亿市值 69.07亿市值 76.47亿市值 18.30 22.08 14.69 +0.07(+0.41%) +0.24(+1.70%) +1.31(+6.31%) 好未来 金山区 # 0 ) 奇富科技 TAL 好未来 37.28亿市值 66.64亿市值 58.55亿市值 11.01 43.55 13.56 +0.17(+1.52%) +1.03(+2.43%) +0.05(+0.37%) 再鼎医药 陆金所控股 =2 汽车之家 zai- the com 25.57亿市值 35.18亿市值 29.68亿市值 2.95 32.43 25.06 -0.16(-0.49%) +0.34(+1.38%) +0.01(+0.34%) 雾芯科技 m | 老虎证券 RELX 24.61亿市值 23.84亿市值 15.75亿市值 9.53 2.02 8.95 + ...

日前，2025搜狐科技年度论坛在京举行。多位科学家与科技产业界人士聚焦科技产业前沿，围绕基础科 学突破、技术革命产业化应用、人工智能等议题，展开探讨。 搜狐董事局主席兼首席执行官张朝阳表示，近两年，AI产业发展进入快车道，具身智能百花齐放。科 技进步带来惊喜也带来挑战，AI让信息获取变得异常简单，但往往会让人忽略信息的真实性，必须保 持清醒。 清华大学计算机系教授、中国工程院院士郑纬民表示，人工智能大模型的生命周期主要包括五个环节： 数据获取、预处理、模型训练、微调和推理。前三个环节需要大量算力和存储资源，通常由阿里、华 为、DeepSeek等科技公司完成，一般单位只需基于已有基础模型，进行领域适配的微调和后续的推理 应用。 西安交通大学原校长王树国认为，很多发明创造创新乃至新形态引领都来自于社会，社会实践走在理论 的前面，大学要从单一学科为支点传统的小圈子当中跳出来。 北京电影学院原副校长、中国动画研究院院长孙立军认为，在AI时代，艺术创作人才的教育培养，要 对传统学科界限进行破局。 宇树科技技术副总经理王启舟表示，如果年轻人相信人形机器人产业的未来，也许某一天，人形机器人 就能变成"梦想中的样子"。 中国 ...

"种一棵树最好的时机是十年前,其次便是当下"的故事正在搜狐(SOHU.US)身上上演。 5月19日，搜狐公司公布2025年第一季度财务报告。期内，该公司实现总收入为1.36亿美元。其中，营 销服务收入为1400万美元，在线游戏收入为1.17亿美元。归于搜狐公司的非美国通用会计准则净亏损为 1600万美元，净亏损同比收窄超两成。 对此，搜狐创始人张朝阳也直言表示，"2025年第一季度，我们的营销服务收入和集团净亏损均达此前 最佳预期，在线游戏收入超出预期。搜狐媒体平台方面，我们持续优化产品，提升技术，不断增强平台 的社交属性。通过举办多样化的独特活动，我们持续拉动用户活跃，激发社交互动，同时产生大量优质 内容。依托于作为主流媒体的竞争优势和独特IP，我们不断探索更多的商业机会。本季度，得益于对游 戏内容的高质量更新和持续优化，在线游戏业务也取得了令人满意的表现。" 当然，值得注意的是，从更深层次的角度来看，搜狐此次部分核心财务数据能够达到此前最佳预期并不 是一蹴而就，而是公司通过不断夯实核心竞争力和深握"增长三板斧"，释放的长期增长动能所致。 具体落脚到该公司的业务布局和发展战略来看，便不难看出搜狐"长期主义" ...

完整早报音频，请点击标题下方小耳机收听 【小米法务部：犯罪团伙操纵近万账号诋毁小米，该黑公关案告破】 小米法务部发文称： " 2025 年 5 月 15 日，我司从司法机关处获悉，此前我司报案的一起有组织、有预谋的网络黑公关案件，已 经告破。目前，公安机关已依法对多名犯罪嫌疑人采取刑事强制措施，案件还在进一步调查。 据了 解，自 2024 年 12 月起，直至近期小米汽车相关的系列热点事件，该犯罪团伙利用文案自动生成软 件捏造关于的小米虚假信息，并操纵近万个社交媒体账号，恶意造谣、散播不实言论，并采用煽动网 络对立情绪、踩一捧一等方式进行恶意炒作，严重诋毁小米公司。据悉，该案反应出新型网络水军犯 罪特征，团伙作案、组织严密，利用自动化软件，批量生成黑稿，分发链条复杂，犯罪金额巨大，对 网络环境和企业商誉造成极其恶劣的影响。 在此，我们严正声明，网络不是法外之地，对造谣、抹黑 等侵权行为，小米将坚决以法律手段保护自身合法权益。"（澎湃新闻） 【鸿蒙电脑正式发布！华为余承东：给世界多一个选择】 5月19日，华为举行新品发布会，正式发布 nova 14系列手机、首款鸿蒙电脑华为MateBook Pro，以及首款鸿蒙 ...

Sohu.com (SOHU) Q1 2025 Earnings Call May 19, 2025 07:30 AM ET Company Participants Pu Huang - Director, IRCharles Zhang - Founder, Chairman & CEOJoanna Lv - CFOThomas Chong - Managing DirectorNone - Executive Conference Call Participants Alicia Yap - Analyst Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After management's prepared re ...

Financial Performance and Key Metrics - In Q1 2025, total revenues were $136 million, down 3% year-over-year and up 1% quarter-over-quarter [7] - Marketing services revenues were $14 million, down 15% year-over-year and 27% quarter-over-quarter [7] - Online game revenues were $117 million, flat year-over-year and up 7% quarter-over-quarter [7] - GAAP net income was $182 million compared to a net loss of $25 million in Q1 2024 [8] - Non-GAAP net loss was $16 million compared to a net loss of $22 million in Q1 2024 [8] Business Line Performance - Sohu Media platform revenues were $70 million, compared to $20 million in the same quarter last year, with an operating loss of $70 million [19] - Changyou's quarterly revenues were $180 million, down from $190 million in the same quarter last year, with an operating profit of $55 million [19] Market Data and Key Metrics - For Q2 2025, marketing services revenues are expected to be between $60 million and $70 million, implying a year-over-year decrease of 14% to 19% [20] - Online game revenues are expected to be between $96 million and $106 million, implying a year-over-year decrease of 28% to 35% [20] Company Strategy and Industry Competition - The company is focusing on enhancing its social media platform and leveraging unique IPs for monetization opportunities [6] - The online gaming business is adopting a top game strategy, diversifying its portfolio with various game types, and expanding into global markets [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted that the advertising sentiment is mixed, with the auto sector performing better while luxury goods and alcohol spending is declining [24] - The company expects a similar trend in advertising for the second half of the year, with a focus on accelerating growth through its social network platform [25] - AI is seen as beneficial for the gaming business, improving efficiency in art design and production [29] Other Important Information - The company reversed a tax expense previously recognized, amounting to approximately $199 million, which was an accounting treatment issue rather than a cash flow event [8][42] Q&A Session Summary Question: Recent trend in advertising sentiment and outlook for the second half - Management indicated that the auto sector is performing better, while luxury goods and alcohol spending is declining, with expectations for a similar trend in the second half [24][25] Question: Impact of AI on advertising and online games - Management stated that AI has a marginal impact on the media platform but is beneficial for gaming, improving efficiency in various production aspects [26][29] Question: Details on the tax reversal - The tax reversal was an accounting issue related to uncertainty that has now been resolved, with no actual cash flow involved [42][45] Question: ADR delisting risk and alternative plans - Management noted that the situation is speculative and that they would consider alternatives if necessary, but currently, there are no immediate plans [48][52]

Core Viewpoint - Sohu.com Limited reported strong financial results for the first quarter of 2025, with marketing services and online game revenues exceeding expectations, while also benefiting from a significant tax reversal that contributed to a net income of $182 million [2][3][11]. Financial Performance - Total revenues for Q1 2025 were $136 million, a decrease of 3% year-over-year but an increase of 1% quarter-over-quarter [5]. - Marketing services revenues were $14 million, down 15% year-over-year and 27% quarter-over-quarter [5]. - Online game revenues were $117 million, flat year-over-year and up 7% quarter-over-quarter [5]. - Both GAAP and non-GAAP gross margins were 76%, compared to 77% in Q1 2024 and 73% in Q4 2024 [6]. - GAAP operating expenses were $122 million, down 9% year-over-year and 1% quarter-over-quarter [7]. - GAAP net income attributable to Sohu.com Limited was $182 million, or $6.07 per fully-diluted ADS, compared to a net loss of $25 million in Q1 2024 [11]. Tax Reversal Impact - The company fully reversed a tax expense of approximately $199 million related to a one-time transition tax, resulting in a significant income tax benefit for Q1 2025 [3][9]. Non-GAAP Financial Measures - Non-GAAP net loss attributable to Sohu.com Limited was $16 million, or a net loss of $0.55 per fully-diluted ADS, compared to a net loss of $22 million in Q1 2024 [12]. - Non-GAAP results exclude share-based compensation and the income tax benefit related to the Toll Charge [4][21]. Liquidity and Capital Resources - As of March 31, 2025, the company had cash and cash equivalents, short-term investments, and long-term time deposits totaling approximately $1.2 billion [13]. Business Outlook - For Q2 2025, Sohu estimates marketing services revenues between $16 million and $17 million, indicating an annual decrease of 14% to 19% [27]. - Online game revenues are expected to be between $96 million and $106 million, reflecting an annual decrease of 28% to 35% [27].

【观网财经丨智能早报 5月19日】 英伟达：未来不会再推出Hopper系列芯片 当地时间5月16日，英伟达首席执行官黄仁勋表示，由于美国政府限制Hopper架构的H20芯片出口至中 国，公司正重新审视中国市场战略，但未来不会再推出Hopper系列芯片。他说："不会是Hopper，因为 Hopper已无法再调整。"（参考消息） OpenAI发布云端AI编程智能体Codex 梁文锋等发表DeepSeek V3回顾性论文 近日DeepSeek创始人梁文锋等人发表了一篇名为《Insights into DeepSeek-V3: Scaling Challenges and Reflections on Hardware for Al Architectures（深入了解DeepSeek-V3：人工智能架构硬件的扩展挑战与思 考）》的回顾性论文。 这篇论文深入分析了DeepSeek-V3/R1模型架构及其人工智能基础架构，重点介绍了一些关键创新，如 提高内存效率的多头潜意识（MLA）、优化计算与通信权衡的专家混合（MoE）架构、释放硬件能力 全部潜力的FP8混合精度训练，以及最大限度降低集群级网络开销的多平面网络拓扑结 ...

清华大学计算机系教授、中国工程院院士郑纬民在关于人工智能大模型基础设施建设与应用探索的演讲 中表示，2025年人工智能发展呈现两大特点：一是多模态，二是应用于GDP密切相关的行业，其中中国 在推动AI落地方面具有显著优势。他进一步介绍，人工智能大模型的生命周期主要包括数据获取、预 处理、模型训练、微调和推理五个环节，前三个环节需要大量算力和存储资源，通常由阿里、华为、 DeepSeek等大型科技公司完成，一般单位只需基于已有基础模型进行领域适配的微调和后续的推理应 用。 "问道智能"圆桌论坛上，多位专家对于机器智能的认知能力和人形机器人未来发展进行了深入讨论。 多位嘉宾一致认为，AI并非人类的替代者，而是人类认知与能力的延伸。清华大学智能产业研究院院 长、中国工程院外籍院士张亚勤表示，在认知中人类仍是主宰，机器或者机器人还在从属地位。 中证报中证网讯(记者王婧涵)5月17日，2025搜狐科技年度论坛在北京举办，多位专家与产业界人士围 绕基础科学突破、技术革命产业化应用、人工智能与人类文明演进等议题进行了探讨。 搜狐创始人张朝阳表示，2024年以来，AI发展进入快车道，具身智能百花齐放。科技进步带来惊喜的 同时 ...

E > > иешнаннна CIAL SUPPERINTELLIGENCE (AS EINFOOCENER T LEARNING THE THE THE THE THE THE -- ARTEXT WINDOW TARGE TANGUAGE MODE CHINE LEARNING DNINAVIJ TOHS-W NINAVIA GIANAIL TINU DHISSIOON JEDOM GINIAST-399 INED MODEL YTEFAS IA L HALLUCINATIO GENERATIVE AI ONINUT-ANIA 左如主 gle tion of the first usea7 อันเนวย the first 5月17日，由搜狐主办的2025搜狐科技年度论坛在北京盛大开幕。多位院士、科学家与产业界人士齐聚一堂，激发智慧的深度碰撞，奔赴科技的星辰大海。 本届论坛线上线下结合，开启全天的思想盛宴。在下午的现场环节，搜狐创始人、董事局主席兼首席执行官，物理学博士张朝阳发布致辞。 张朝阳表示，在每年5月17日世界电信日这一天，搜狐科技论坛都会如约而至，与大家见面。 他与现场观众分享了自己去杭州见 ...