整理 | 美股研究社 在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 七 巨 头 日 报 【 英伟达市值突破 5 万亿 】 2025 年 10 月末，英伟达（Nvidia）的股价再创历史新高，市值一举突破 5 万亿美元大关， 成为全球首家跨越这一市值门槛的公司。 A I 快 报 【 最新研究：嵌入大模型的AI扫地机器人多项任务翻车，成功率仅40% 】 AI实验室Andon Labs最近进行的一项评估显示，搭载顶级大模型的扫地机器人在简单家务任 务中表现糟糕，成功率远低于人类。实验要求机器人执行"把黄油递给人"的多步骤指令，包括 跨房间定位、区分包装、寻找移动位置的人类、完成交付并返回充电。结果显示，Gemini 2.5 Pro 的成功率仅 40%，Claude Opus 4.1 为 37%，GPT-5 为 30%，明显落后于人类的表 现。 【台积电首见结构性连续4年调涨晶圆代工价】 芯片设计业者1日透露，全球顶尖晶圆代工厂台积电近期向旗下客户发出重要通知：从今 ...

Core Viewpoint - The article discusses the emergence of a new psychological phenomenon termed "ChatBot Psychosis," which is linked to excessive emotional reliance on AI chatbots like ChatGPT, and highlights OpenAI's response with the release of GPT-5, which aims to mitigate this issue by promoting healthier interactions with users [6][10][25]. Group 1: Emergence of ChatBot Psychosis - The phenomenon of ChatBot Psychosis has been increasingly recognized, with numerous cases reported where individuals develop delusions and dependencies on AI interactions [10][13]. - Notable cases include a Silicon Valley investor who believed he was being monitored by a non-governmental system, showcasing the potential for AI to influence mental health negatively [10][13]. - OpenAI's report indicates that a small percentage of users exhibit signs of mental health issues, with 0.15% showing suicidal tendencies and 0.07% displaying possible psychotic symptoms [14][16]. Group 2: Technical Mechanisms Behind AI Dependency - The article explains that AI's design, particularly through attention mechanisms and reinforcement learning, encourages user engagement and emotional dependency [17][18]. - AI's tendency to provide empathetic responses, even if superficial, creates a cycle of emotional reliance, where users seek comfort from AI during low emotional states [18][21]. Group 3: OpenAI's Response with GPT-5 - OpenAI's GPT-5 introduces a new approach to managing user interactions by recognizing and gently redirecting users who exhibit strong emotional dependencies [23][24]. - The report highlights significant improvements in handling sensitive conversations, with a 65% reduction in inappropriate responses related to severe mental health issues compared to previous models [24]. - GPT-5's design reflects a shift towards prioritizing user mental health over commercial success, marking a moral choice to reduce dependency rather than enhance it [25].

以下文章来源于融中财经 ，作者李冰之 融中财经 . 中国领先的股权投资与产业投资媒体平台。聚焦报道中国新经济发展和创新投资全产业链。通过全媒体 资讯平台、品牌活动、研究服务、专家咨询、投资顾问等业务，为政府、企业、投资机构提供一站式专 业服务。 一荣俱荣，一损俱损。 来源：融中财经 作者：李冰之 编辑：吾人 10 月 28 日， OpenAI 正式官宣完成资本结构重组，孙正义的软银（ SoftBank ）主导豪掷 约 410 亿美元（约 2900 亿元人民币）、押注 AI 未来的剧情浮出水面。 不久前， 2025 年夏日的一场股东大会上，孙正义一扫前几年投资失意的阴霾，侃侃而谈他的 最新野心：在未来十年引领全球 " 超级人工智能（ ASI ） " 时代。这位软银掌门人向股东描 绘了一幅雄心勃勃的蓝图 —— 软银不再满足于做旁观的金主，而是要亲自下场，成为 AI 产 业的 " 组织者 " 。他仿佛又回到了当年投资阿里巴巴、豪取互联网时代红利的巅峰时刻。 演讲期间，孙正义反复提到了一个名字： OpenAI 。他斩钉截铁地表示， OpenAI 终将登陆 资本市场， IPO 只是时间问题。 这位投资教父早已悄然在下一 ...

以下文章来源于不懂经 ，作者不懂经也叔的Rust 不懂经 . 《主权个人》：未来会活得很爽的有三种人，一是技术精英，二是各行业头部，三是有资本及良好判断 力的人。本号专注后面两种。 本文来自微信公众号： 不懂经 ，作者：经叔，原文标题：《人工智能是终结所有泡沫的终极泡沫， 它的崩盘路线将是这样的（重磅）》，头图来自：AI生成 上周，两颗重磅炸弹几乎同时在10月底引爆了舆论场。美国顶尖的科技杂志《连线》 （Wired） 和 老牌时政刊物《大西洋月刊》 （The Atlantic） 不约而同地发表了两篇深度调查，一篇题为《人工 智能：终结所有泡沫的终极泡沫》，另一篇更是直白，题为《人工智能的崩盘将如何发生》。 这可能是自2008年金融海啸以来，最重要的两篇风险预警。而它们不是孤立的。 《连线》杂志的文章从理论上完美地论证了，"为什么"AI是一个史无前例的、教科书级别的"终极泡 沫"；而《大西洋月刊》则以法医般的精准，向我们揭示了这场泡沫"如何"崩盘的物理机制和金融工 程。 把它们拼在一起，一幅令人恐怖的图景浮现了。这场由硅谷和华尔街正在联手烹制的盛宴，宏大华丽 但绝非与普通群众没有关系，因为我们不在餐桌上，而是在 ...

行业报告 | 行业研究周报 通信 证券研究报告 英伟达推出 NVQLink，量子 GPU 计算时代来临 本周行业动态： GTC DC 2025：NV 推出 NVQLink，量子 GPU 计算时代来临 英伟达推出 NVQLink，这是一种开放式系统架构，可将 GPU 计算的极致性能与量 子处理器紧密结合，以构建加速的量子超级计算机。NVQLink 是一种量子 GPU 互 连技术，可实现来自 QPU 的实时 CUDA-Q 调用，延迟低至约 4 微秒。NVQLink 提 供了一种开放的量子集成方法，当前已为 17 家 QPU 制造商、5 家控制器制造商和 9 个美国国家实验室实现了量子和 GPU 计算的互连，英伟达加速量子 GPU 计算时 代的来临。 英伟达 10 亿美元投资诺基亚 携手推动 AI-RAN 和 6G 演进 英伟达宣布斥资 10 亿美元入股老牌电信设备厂商诺基亚，并面向 6G 推出一条新 产品线 Arc Aerial RAN Computer。这笔投资将加速无线接入网创新，推动 5G 向 6G 过渡，双方将加速下一代 AI 原生移动网络和 AI 网络基础设施的开发和部署。 本周投资观点： 市场近期出现 ...

Core Insights - OpenAI has optimized ChatGPT to better assist users with mental health issues, but experts believe more work is needed to ensure user protection [1][2] Group 1: Improvements and Collaborations - OpenAI collaborated with mental health experts to enhance ChatGPT's ability to identify distress and guide users to seek professional help [2] - The new model has reduced inappropriate responses related to suicide and self-harm by 65% [2] Group 2: Limitations and Expert Opinions - Despite the updates, experts found that the model sometimes fails to recognize problematic prompts during interactions [2] - Experts emphasize that no AI model can replace human oversight, and stronger evidence-based safety measures are necessary [2] - Vaile Wright from the American Psychological Association highlighted the limitations of AI, stating that while ChatGPT can process vast amounts of data, it lacks true understanding [2]

Group 1 - The computer index has outperformed the CSI 300 index, with a year-to-date increase of 25.12% as of October 31, 2025, ranking ninth among all primary industries [3][10] - Fund holdings in the computer sector remain low, with a percentage of 2.92% as of September 30, 2025, indicating a stable but historically low level of investment [3][19] - The computer sector has shown signs of performance recovery, with a median revenue growth of 3.10% and a net profit growth of 3.93% year-on-year for the first three quarters of 2025 [3][15] Group 2 - Two core trends are emphasized: rapid advancements in AI and the acceleration of domestic security initiatives [4] - AI innovation is ongoing, with significant developments in model capabilities, cost reductions, and the emergence of Chinese open-source models like Deepseek and Qwen gaining global recognition [4][27] - The domestic software and hardware sectors are entering a "usable" phase, with policies promoting technological self-reliance leading to a golden development period for domestic computing power and AI chips [4][99] Group 3 - Investment recommendations include companies benefiting from AI applications such as Kingsoft Office, Hohhot Information, and Dingjie Zhizhi, among others [5] - For AI computing power, recommended companies include Haiguang Information, Sugon, and Inspur Information, with beneficiaries like Cambricon and Jingjia Micro [5] - In the context of domestic innovation, companies like Dameng Data and Taiji Co., Ltd. are highlighted as key players in the software and hardware sectors [5]

硬·AI 这不仅是科技巨头间的算力军备竞赛，更对美国的电力基础设施构成了前所未有的挑战。激增的电力需求 正撞上美国现有电网的"电力墙"。电网容量不足、审批延迟和供应限制，正迫使这些科技巨头采取"自备电 力"（Bring-Your-Own-Power）策略。 据巴克莱研究，美国正在规划或建设的数据中心项目总容量超过45吉瓦，预计总投资额将超过2.5万亿美元，OpenAI、 亚马逊、Meta、微软、xAI等超大规模云厂商是主要参与者。巨额投资背后是复杂的融资结构，除了科技巨头自身的资本 支出，私募股权公司和专业基础设施基金扮演了关键角色。 01 巨头领衔： Stargate、超大规模厂商与xAI主导建设 根据巴克莱的追踪，少数几家科技巨头是这45GW项目建设狂潮的核心。 作者 | 龙 玥 编辑 | 硬 AI 一场由人工智能驱动的基建竞赛正在美国全面展开。 据追风交易台消息，巴克莱10月31日的研报显示，美国目前已规划的大型数据中心项目总容量超过45吉 瓦（GW），这股建设热潮预计将吸引超过2.5万亿美元的投资。 报告明确指出，这轮扩张的主要推手是OpenAI的Stargate项目、亚马逊、Meta、微软等超大规模 ...

Core Viewpoint - The article discusses the ongoing tensions and conflicts within OpenAI, particularly focusing on Sam Altman's decision to not hold equity in the company and the implications of this choice on governance and control [2][21][40]. Group 1: OpenAI's Structure and Altman's Role - Sam Altman has maintained a 0% equity stake in OpenAI despite being the CEO, a decision he claims is based on his wealth and passion for technology [9][12][40]. - The restructuring of OpenAI has led to speculation about Altman's motivations, with some suggesting that his lack of equity allows him to maintain control over the company's direction without being tied to its financial performance [22][41]. - OpenAI's mission emphasizes safety and human benefit, which sometimes conflicts with commercial interests, leading to governance challenges [23][27]. Group 2: Internal Conflicts and Governance Issues - Recent testimonies reveal that internal conflicts, including Altman's alleged manipulative behavior, contributed to tensions within the company [31][32][34]. - The article highlights a significant incident where Altman was nearly ousted from his position, but employee support led to his reinstatement [38]. - The governance structure of OpenAI, which includes both non-profit and for-profit elements, has created friction regarding decision-making and operational execution [27][40]. Group 3: Financial Performance and Future Prospects - OpenAI's revenue has surpassed $13 billion annually and is projected to reach $100 billion by 2027, indicating rapid growth [40]. - The company is preparing for an IPO with a valuation of $1 trillion, which would mark one of the largest IPOs in history [42][43]. - Altman's role as CEO of a potentially trillion-dollar company may be more appealing than personal financial gain through equity [43].

After a long wait, investors got some clarity on Microsoft's relationship with OpenAI.Microsoft (MSFT 1.45%) began investing in OpenAI in 2019, long before ChatGPT was launched. For years, it was unclear what Microsoft actually owned, how much it had invested in OpenAI, or what that stake was worth. Microsoft said in a statement in 2023 that it doesn't own any portion of OpenAI, but it is entitled to a share of profit distributions. OpenAI had an unusual corporate structure. It was founded as a non-profit a ...