人工智能周报（25年第23周）：OpenAI 公布 GPT-5 路线图，腾讯升级企业大模型知识库-20250613

Investment Rating - The report maintains an "Outperform" rating for the internet sector, indicating expected performance above the market index by over 10% [3][36]. Core Insights - The report highlights the overall stability of earnings in the internet sector following the first quarter disclosures, despite ongoing fierce competition in the e-commerce industry. Companies are either continuing to offer discounts to merchants or increasing investments in instant retail to seek new growth [2][32]. - In the AI sector, major players are benefiting from their business scenarios such as cloud computing and advertising, although short-term AI agent developments still require refinement. The Hang Seng Technology Index is currently in a period of fluctuation, with recommendations for defensive stocks like Tencent Music and NetEase, which have stable earnings and low valuations [2][32]. Company Dynamics - OpenAI has publicly announced the roadmap for GPT-5 and launched new features for ChatGPT Enterprise [17]. - Google is testing a new AI search display method to guide users back to traditional link-clicking paths [19]. - Meta has opened commercial access to Llama 3, integrating deeply with AWS to capture the enterprise market [20]. - NVIDIA reaffirmed its leading position in AI infrastructure at the GTC conference, emphasizing the importance of edge-side inference capabilities [21]. - Amazon is enhancing its advertising business with generative AI tools aimed at automating brand content creation [22]. - Tencent Cloud has upgraded its enterprise large model knowledge base, integrating new models and network search capabilities [23]. - ByteDance has announced the open-sourcing of its unified multimodal understanding and generation model, BAGEL [24]. Underlying Technologies - Microsoft has officially included AI model safety assessments in Azure Foundry, evaluating around 1,900 models for content risk [26]. - Google has updated the Gemini 2.5 Pro preview model, showing significant improvements in performance metrics [27]. - The Zhiyuan Research Institute has released the "Wujie" series of large models, reflecting the evolution of AI from the digital to the physical world [28]. - Alibaba has open-sourced a new vector model series, Qwen3-Embedding, enhancing its capabilities in natural language processing [29]. Industry Policies - The Ministry of Industry and Information Technology is promoting the development of the AI industry and its integration into new industrialization efforts, emphasizing the need for a supportive ecosystem [30]. - A draft policy from Chengdu aims to promote high-quality development in the AI industry, focusing on innovation, industry capacity enhancement, and application expansion [31].