Investment Rating - The industry investment rating is "Outperform the Market" [8] Core Viewpoints - The approval of the first batch of L3 conditional autonomous driving vehicle licenses by the Ministry of Industry and Information Technology marks a significant step towards the commercialization of L3 autonomous driving in China [2][3] - The current L3 vehicles have operational limitations, with one model capable of operating at a maximum speed of 50 km/h in congested traffic and another at 80 km/h on highways, but both are restricted to specific areas [3] - The commercialization of intelligent driving is expected to accelerate by 2026, with various companies planning to launch autonomous driving models and services during that year [3] Summary by Sections Industry Overview - The report highlights the transition of L3 autonomous driving technology from testing to commercial application, as indicated by the recent approvals [2][3] Regulatory Developments - The Ministry of Industry and Information Technology's approval signifies a policy advancement that supports the production of L3 vehicles, laying the groundwork for future commercialization [3] Market Opportunities - The report anticipates a key opportunity period for intelligent driving in 2026, with advancements in algorithms and the rollout of Robotaxi services [3] Investment Recommendations - Recommended companies include Horizon Robotics, Seres (Huawei ADS-enabled vehicles), Li Auto, Great Wall Motors, and Xpeng Motors, as they are positioned to benefit from the upcoming developments in the autonomous driving sector [3]

Core Viewpoint - The emergence of Doubao AI phone has sparked significant interest in the potential of AI agents as a new entry point in the internet ecosystem, but it faces immediate backlash from major internet companies due to security and operational concerns [1][2][3]. Group 1: Doubao AI Phone and Its Features - Doubao AI phone allows users to perform complex cross-application operations through an integrated AI agent, enhancing user experience [1]. - Users reported issues with accessing major applications like WeChat and Alipay shortly after the phone's launch, indicating a significant reduction in functionality [2]. - The phone's initial appeal diminished as it could no longer utilize its AI capabilities effectively with popular apps, leading to a decline in user experience [2]. Group 2: Industry Response and Competition - Industry insiders expressed a lack of surprise at the backlash against Doubao, with Tencent attributing the issues to existing security measures [3]. - The competition for the next generation of traffic entry points among internet giants is intensifying, with companies like Alibaba and Tencent scrambling to establish their AI applications [4][5]. - Doubao's rapid rise in daily active users (DAU) highlights its initial success, but subsequent declines in user engagement raise questions about its sustainability [6]. Group 3: The Shift in User Engagement and Advertising - The dominance of major apps like Taobao and WeChat has led to a high concentration of user traffic, creating a "traffic anxiety" among internet companies [4][5]. - The introduction of GUI agents, which can operate apps without user interaction, threatens traditional advertising revenue models by bypassing app usage [13][15]. - The growth of AI assistants among smartphone manufacturers indicates a shift in the value chain from internet companies to hardware manufacturers [16]. Group 4: Future Implications and Developments - The release of Doubao AI phone has prompted other companies to accelerate their development of AI agents, with a focus on creating competitive products [19][20]. - The open-sourcing of AI agent models could democratize access to this technology, potentially leading to a proliferation of personalized agents that challenge established players [21]. - The urgency for internet giants to adapt and innovate in response to the evolving landscape of AI applications is becoming increasingly critical [22].

智能时代的设计思维 同期开幕的第十届中国设计智造大展，展示了大奖的200余件优秀获奖作品，体现智能化深入文化、生 活、产业等各个领域的创新应用。 一进入展厅，记者就看到一款十分吸引眼球的科技产品——小鹏汇天的"陆地航母"，这是一款创新式的 分体式飞行汽车，被认为是全球首款面向个人用户量产交付的飞行汽车产品。此前，第十五届中国国际 航空航天博览会开幕首日上，小鹏汇天分体式飞行汽车"陆地航母"全球首次公开飞行。这款产品获得本 届DIA产业装备组金奖。 重新审视中国制造业的路径，除了商业和技术，还可以从设计生态、消费时代等多体系出发，甚至可能 诞生出一个划时代的智能产品。 12月12日，第十届中国设计智造大奖（Design Intelligence Award，简称"DIA")颁奖典礼在中国美术学院 良渚校区举行。DIA奖项已迎来第十年，广泛走向全球科技行业，十届大奖累计参赛作品已超65000 件，覆盖全球87个国家和地区，涵盖人工智能、生命健康、数字制造、智慧城市等多个前沿领域，多个 项目走向产业化。 21世纪经济报道记者采访了不少获得本届DIA大奖的设计师，他们来自不同的企业，却对智能时代的工 业设计有一定共识 ...

12月15日，工业和信息化部(以下简称"工信部")正式公布我国首批L3级有条件自动驾驶车型准入许可， 长安汽车、北汽极狐两款车型分别获批在重庆、北京指定区域开展上路试点。在政策合规持续完善、车 企竞速落地、科技企业技术赋能的多重驱动下，自动驾驶产业链正在逐步实现规模化落地。 业内人士指出，L3级自动驾驶获得准入许可，将推动产业链技术加速迭代，驱动算力平台向车规级标 准与规模化应用方向演进。同时，责任主体界定、法规适配等相关实践将逐步积累经验，为后续规模化 落地奠定基础。 L3走向量产应用 我国自动驾驶技术发展逐步走向量产应用阶段。12月15日，工信部正式公布我国首批L3级有条件自动 驾驶车型准入许可，长安汽车、北汽极狐两款车型获批在指定区域上路试点。 L3级自动驾驶指的是，可以在限制条件下执行部分功能决策的自动驾驶模式，在特定条件和场景下， 允许驾驶员完全脱手，由系统接管驾驶任务。作为首批获批企业，长安深蓝获批车型可在重庆指定高速 及快速路的拥堵场景下实现最高50公里/小时的自动驾驶；北汽极狐阿尔法S(L3版)则适配北京市京台高 速、机场北线高速及大兴机场高速等部分路段，最高车速可达80公里/小时。由于L3级 ...

1. 《求是》杂志发表习近平总书记重要文章《扩大内需是战略之举》。文章指出，扩大内需既关系经济稳定，也关系经济安全，不是权宜之计，而是战略 之举。 实施扩大内需战略，是保持我国经济长期持续健康发展的需要，也是满足人民日益增长的美好生活的需要。要加快补上内需特别是消费短板，使 内需成为拉动经济增长的主动力和稳定锚。 1. 中国11月经济"成绩单"出炉。国家统计局公布数据显示，11月份，全国规模以上工业增加值同比增长4.8%，服务业生产指数同比增长4.2%，社会消费 品零售总额同比增长1.3%。 1-11月份，全国固定资产投资同比下降2.6%，其中，制造业投资增长1.9%，房地产开发投资下降15.9%。11月全国城镇调查 失业率持平于5.1%。 2. 国家统计局公布11月房价数据，70城房价环比总体下降、同比降幅扩大。 二手房价格方面，70城二手房价格全部下跌，其中一线城市降幅扩大0.2个百 分点至1.1%，二、三线城市均下降0.6%。新房价格方面，一线城市新房价格环比下降0.4%，降幅比上月扩大0.1个百分点，二、三线城市环比降幅均收窄 0.1个百分点。 3. 商务部等六部门印发《促进服务外包高质量发展行动计划 ...

俄罗斯司机自豪展示华为手机，称其优于苹果 俄罗斯司机自豪展示华为手机，称其优于苹果 #俄罗斯 #战斗民族 #搞笑 论华为在俄罗斯的地位☝️真的不是吹，我也被人这么说过，还是我司机，吃 饭的时候他看到我的手机，他问我：你为什么用苹果，你看，我都用华为！华为多好啊！ 我无地自容 特别声明：以上文章内容仅代表作者本人观点，不代表新浪网观点或立场。如有关于作品内容、版权或其它问 题请于作品发表后的30日内与新浪网联系。 ...

（原标题：从"链全球"到"领未来" 深圳让优秀企业"落得下、长得好"） 最近，深圳再次成为世界瞩目的焦点。 近日，2025深圳全球招商大会落下帷幕。大会洽谈签约项目超340个，涉及投资总额超7700亿元，以丰 硕成果彰显深圳作为全球投资热土的强大吸引力。会上，深圳向全球企业家、科学家、投资者及各类优 秀人才来发出"城市合伙人"的邀请。 "开放链全球，创新领未来"。从"链全球"到"领未来"，是姿态，更是行动。这不仅是一场汇聚全球资本 与智慧的盛会，更是一次对深圳城市特质与发展势能的集中展示。 就在12月11日，2026年亚太经合组织非正式高官会举行，APEC"中国年"正式拉开序幕。这场国际盛会 选择深圳，既是对城市综合实力的高度认可，更是全球赋予深圳的重大发展机遇。 站在"十四五""十五五"交汇的历史关口，作为APEC中国第三城的深圳再次成为世界瞩目的焦点。开放 创新的深圳以其雄厚的产业生态和一流的营商环境，向世界发出了携手共赢的时代强音。 创新不问出身的活力 创新，是深圳最鲜明的标识，也是其吸引全球投资者的核心优势。 一组数据足以佐证：全社会研发投入强度达6.67%，跃居全国城市首位；深圳-香港-广州创新集群 ...

2025年12月15日，中国证监会国际合作司披露的境外上市备案通知书，成立仅6年的壁仞科技正式启动赴港上市进程，拟发行不超过3.72亿股普通股登陆 香港联交所主板。 这一举措不仅标志着这家国产GPU领军企业将迈入资本化发展的新阶段，更意味着"港股GPU第一股"即将诞生，填补了香港资本市场在人工智能算力核心 赛道的标的空白。 01） 不慌实验室 核心支点 从2019年成立之初的默默无闻到如今冲刺资本市场，壁仞科技作为一家通用智能计算解决方案提供商，以自主研发的壁砺™系列GPU产品为核心，为各行 业提供强大、安全、高效的算力基础设施。 截至目前，壁仞科技产品已应用于AI数据中心、电信、AI解决方案、能源及公用事业、金融科技及互联网等关键行业，并已规模部署于全国多个智算集 群，有效支撑大模型训练、推理服务和科研创新等核心应用场景的算力需求。 壁仞科技核心产品壁砺™系列GPU采用7nm制程工艺，结合首创的Chiplet（芯粒）技术，实现了算力密度的全球领先水平，单芯片算力可达每秒千万亿次 浮点运算（PFLOPS），标志着中国企业在高性能计算芯片架构上已经实现从陪跑到并跑阶段。 在软件生态层面，壁仞科技构建了从底层驱动 ...

Investment Rating - The report does not explicitly provide an investment rating for the AI industry Core Insights - The AI industry is witnessing significant advancements with the launch of various new models and technologies, including Alibaba's Qwen3-Omni-Flash model, which supports seamless input and output across multiple modalities [17] - The establishment of new departments and initiatives by major companies like Huawei and Alibaba indicates a strong focus on foundational AI model development and consumer applications [6][7] - The introduction of innovative products such as the AI-powered drug development platform "AI Kongming" highlights the industry's potential to address global health challenges [12][13] Summary by Sections AI Industry Dynamics - Trump announced that Nvidia's sales of H200 chips to China will see 25% of revenue paid to the U.S. government, aiming to maintain U.S. leadership in AI [5] - Huawei's 2012 Lab has established a new department focused on foundational model development [6] - Alibaba has formed a new consumer-focused business group, integrating various AI-related services [7] - Shanghai has launched intelligent application scenarios to leverage its urban advantages in various sectors [8] AI Application Insights - The production of the 5000th humanoid robot "Lingxi X2" by Zhiyuan marks a transition to large-scale commercial use [9] - Ant Group has launched a web version of its AI assistant, enhancing its multi-platform ecosystem [10] - DingTalk's new version includes AI features for automatic replies in chats, improving workplace communication [11] AI Large Model Insights - Meituan has released and open-sourced the LongCat-Image model, achieving high performance in image generation with a compact parameter size [14] - The LightSeek model, a photon chip vertical model, has been announced, capable of assisting in chip design and manufacturing optimization [15] - Zhiyuan has launched the GLM-TTS text-to-speech model, which can learn a speaker's voice with minimal samples [16] Technology Frontiers - PCBAIR has introduced an 8-layer glass core PCB manufacturing technology aimed at AI and HPC packaging needs [18] - A collaboration between Guoxing Aerospace and Shanghai Jiao Tong University aims to establish a space computing laboratory [19] - Moore Threads is set to unveil a new GPU architecture at an upcoming developer conference [21] - A fully autonomous humanoid robot tour guide solution has been released, showcasing advancements in AI-driven robotics [22]

12月12日晚，第十届中国设计智造大奖(Design Intelligence Award，简称"DIA")颁奖典礼在中国美术学 院良渚校区举行，"全场大奖"经过多轮严格评选由华为鸿蒙生态全场景智能终端揽获。"瑞智"临床决策 辅助系统一人工智能下的智慧医疗生态、乐奇智能眼镜、小鹏汇天"陆地航母"分体式飞行汽车、 Cannero WalkingTales: An Open-Airlmmersive Experience荣获本届金奖。 颁奖典礼嘉宾合影。 华为鸿蒙生态全场景智能终端揽获"全场大奖"。 颁奖典礼上，国际艺术与设计院校联盟(Cumulus)与中国美术学院正式签署战略合作意向书。双方本着 平等、开放、共赢的原则，充分发挥各自优势，依托创新孵化奖，共同组织国际化赛事、学生创新营及 学术研究等活动。通过"平台牵引—企业出题—高校应题"的协同创新模式，整合奖项、企业与高校三方 资源，实现设计教育与产业创新的高质量深度融合，并进一步拓展全球创新合作的广度与深度。 本届中国设计智造大奖参赛作品充分体现全球设计多样性与跨文化交流的时代特征，覆盖智慧交通与物 联网、人工智能与机器学习、大健康与生物医疗、数字文旅与沉浸 ...