以下文章来源于吴怼怼 ，作者吴怼怼 吴怼怼 . 左手科技互联网，右手文创与消费 来 源丨吴怼怼（ID： esnql520 ） 作者丨 吴怼怼 图源丨Midjourney 曾几何时，" 谷歌一下" 几乎成为搜索互联网的代名词，这家诞生于一间车库的公司建立起了人类历史上规模最大的信息 连接 帝国。 然而，当生成式 AI 如闪电般划破科技天空，谷歌这艘航母级别的巨舰开始感受到前所未有的颠覆性浪潮。 帝国的动摇： 谷歌 的焦虑时刻 2025 年的春天，硅谷弥漫着不安与躁动。#谷歌 的股价走势 正在动摇投资者对这个帝国的信心 —— 2 月初 GOOGL 曾短暂触及 206 美元的历史高点， 仿佛一切尽在掌握；但随后如自由落体般下滑，到 4 月初已跌至 145 美元附近。 即使在最新的一季度财报后有所反弹， Alphabet 的股价仍比年初下跌近 20% ，表现远逊于竞争对手微软和 Meta 。 他们交出了 12% 的营收增长和超 40% 的净利润增幅，换来的却是投资者的持续担忧。 数字背后的故事远比冰冷的数据更具启示意义谷歌依然是互联网的收费站 —— 2025 年第一季度，其广告收入 668.9 亿美元，占总营收的 7 ...

Core Insights - Anthropic, a leader in generative AI, has achieved an annualized revenue of approximately $3 billion, indicating strong early validation for the commercial application of generative AI software [1] - The company's revenue has surged from nearly $1 billion in December 2024 to $3 billion by May 2025, reflecting a threefold increase in just five months [1] - The growth is primarily driven by the sale of customized "AI large model as a service" to enterprises, enhancing operational efficiency [1] Company Performance - Anthropic's rapid revenue growth positions it as one of the fastest-growing SaaS companies, with a notable increase in demand for AI code generation capabilities [2] - The company has outpaced traditional SaaS firms, achieving a revenue growth rate that is unprecedented according to industry experts [2][3] - In contrast, OpenAI is projected to reach over $12 billion in total revenue by the end of 2025, significantly higher than its previous year's revenue of $3.7 billion [4] Market Dynamics - The demand for enterprise-level AI applications is on the rise, with companies increasingly interested in deploying AI solutions internally, although some remain in experimental phases [1][2] - The competitive landscape shows that while both Anthropic and OpenAI offer enterprise and consumer AI applications, OpenAI is focusing more on consumer products, particularly through its ChatGPT platform [4][5] - The overall market for AI applications is expected to expand significantly, with companies like C3.ai and Palantir reporting strong performance and optimistic future outlooks [6] Future Trends - The introduction of new paradigms in AI training and inference is anticipated to lower costs and drive explosive growth in generative AI applications across various sectors [7] - The evolution of AI applications is shifting towards "AI agents" capable of executing complex tasks autonomously, which could significantly enhance productivity across industries [7]

在7月24日举行的第十七届英特尔网络与边缘计算行业大会上，机器人、深信服、数码视讯、中科 创达等上市公司企业代表现身，分享了其在边缘AI领域布局的最新进展。英特尔方面表示，将与中国 企业持续深度布局边缘算力，以加速AI大模型在实际场景中的应用落地。 "随着大模型和算力的底层技术不断完善，生成式AI带动应用端革命，大模型部署在边缘侧成为必 然趋势，边缘AI将成为各科技巨头抢占的下一块高地。AI与边缘计算的融合，也为产业链发展带来新 机遇。"中国联合国采购促进会副秘书长宋嘉在接受《证券日报》记者采访时表示。 原标题：边缘AI市场升温 多家企业加码布局 生成式人工智能的快速发展为诸多行业带来新的机遇。当下，众多企业加速布局边缘AI，加速大 模型降本，也推进了具身机器人、数字人等智能终端的迭代发展。 多家企业积极备战边缘AI，推进大模型在边缘场景的部署。深信服工程师表示，公司实现在垂直 领域安全大模型的高效能部署，极大提升了大语言模型的处理速度，进一步降低了运营成本。数码视讯 相关负责人称，采用AI分辨率软件，公司转码器实现了图像重建等功能，并可以利用生成式AI算法自 动产生超高清视频内容。 英特尔副总裁兼网络与边缘 ...

Financial Data and Key Metrics Changes - In 2024, the company reported total sales of $83.7 billion, a decrease of 2.7% on a comparable basis [14] - Adjusted operating margin was 12.3%, and adjusted diluted earnings per share were $11.99 [14] - The company returned $6.5 billion to shareholders through dividends and share repurchases [15] - A 4% increase in quarterly dividend was approved, raising it from $1.15 to $1.20 per share [15] Business Line Data and Key Metrics Changes - Pro penetration increased to approximately 30% in 2024, up from 19% in 2019, with mid-single-digit comparable sales growth for Pro [16][17] - The redesigned Pro loyalty program, My Lowe's Pro Rewards, was launched to incentivize repeat purchases among small to medium Pros [17] - The first online product marketplace in home improvement was launched in December 2024, expanding product offerings without carrying inventory [19] Market Data and Key Metrics Changes - The acquisition of Artisan Design Group (ADG) aims to serve a larger pro customer base in a $50 billion market, addressing the need for 18 million homes in the U.S. by 2033 [22][23] Company Strategy and Development Direction - The company refined its total home strategy in 2025 to align with home improvement demand drivers [15] - Key pillars of the strategy include driving pro penetration, accelerating online sales, expanding home services, creating a loyalty ecosystem, and increasing space productivity [15] - The company is leveraging generative AI to enhance customer and associate experiences, improve forecasting, sourcing, and inventory planning [21][35] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment due to inflation and higher interest rates but expressed confidence in navigating market uncertainties [14][15] - The leadership team emphasized the importance of diversity and inclusion as a core value, contributing to the company's success [24][29] Other Important Information - The company has made strategic investments totaling over $4 billion in wages and benefits for frontline associates since 2018 [30] - The company sources approximately 60% of its purchases from within the U.S., equating to $30 billion in annual spend [33][34] Q&A Session Summary Question: Why did you scale back DEI because of pressure from conservative activists? - The company stated that no changes were made to its diversity approach due to activist pressure, emphasizing its commitment to diversity as core to its values [28][29] Question: Will you be increasing wages to be more competitive? - The company frequently monitors and adjusts wages to remain competitive, having invested over $4 billion in wages and benefits since 2018 [30] Question: What are you doing to improve your management of inventory? - The company is pleased with its inventory management, leveraging technology and AI-driven solutions for better replenishment and demand planning [31] Question: How do you plan to control your cost of goods given increased tariffs? - The company has diversified its global sourcing and currently sources products from over 100 countries, with 60% of purchases made in the U.S. [33][34] Question: What is the board's plan for downstream profits from AI? - The company aims to enhance customer and associate experiences through AI, which is expected to deliver improved profits [35] Question: What do you intend to do to help stores run more efficiently? - The company is committed to investing in technology and process improvements to enhance store operations and customer service [36][38]

Core Insights - The event focused on "AI Agent Ecosystem Construction and Investment Opportunities," highlighting the transformative role of AI technology in reshaping global business landscapes [1] - Industry leaders gathered to analyze trends and explore new paths for development in the AI Agent sector [1] Group 1: Company Insights - Jiahe Technology, led by CEO Yin Zijie, specializes in data attribution analysis for advertising reach and marketing effectiveness, processing approximately 50 billion advertising opportunities daily with an annual ad spend of 8 to 10 billion [1] - The company aims to leverage large models to enhance data utilization, overcoming previous limitations in marketing strategies and content availability [1] - Jiahe Technology is developing an intelligent marketing platform, GoalfyMax, to automate the entire process from data integration to optimization instruction generation [1] Group 2: Industry Challenges and Innovations - The proliferation of large models is expected to provide broader opportunities for enterprises to unlock data value, addressing challenges in cross-business data integration [1] - Entrepreneurs in the AI Agent field often face the dilemma of balancing technological leadership with commercialization speed, with Jiahe Technology emphasizing the importance of continuous tech investment [1] - A practical case shared by Jiahe Technology involved optimizing offline store operations for an international brand by integrating online data, demonstrating the significant application of AI Agents in marketing [3]

他说，鸿海2024年在全球电子代工市占率为44.2%，是业界龙头，ICT产品每两台就有一台是鸿海制 造；AI服务器市占率超过40%，也是全球之冠。鸿海的消费智能产品领域营收过去五年成长20%，云端 网路产品领域营收成长更高达60%。鸿海集团在ICT产业将继保持领先优势，客户与产品组合也更加均 衡。 在AI方面，鸿海将加速边缘计算相关应用，持续发展有潜力商机，AI是第二个成长引擎，包括AI服务 器，三大智慧平台，AI基础建设，都会带来巨大营收贡献。电动车产品陆续推出，客户基础扩大，市 场能见度提升，为集团注入成长动能，为客户与股东创造长期价值。 刘扬伟说，鸿海将跨入主权AI，在多国建立数据相关产业链，企业治理也导入AI，软体平台则以生成 式AI（GAI）为核心的三大应用平台，打通云端到边缘解决方案，包括智慧电动车，智慧制造与智慧城 市，鸿海将成为制造服务平台供应商。 他透露，鸿海AI服务器年营收可超过1兆元，成为AI主要企业，并以数位双生的模式打造未来工厂，透 过辉达平台建立虚拟工厂，模拟实际营运并调整产线，落实到实体工厂进行，数位双生模式让实体工厂 规画最佳机器设置地点与生产参数，提升建厂速度和营运效率。 鸿 ...

Financial Data and Key Metrics Changes - The company has experienced a stable revenue environment, with most revenues being recurring and insulated from short-term volatility [12][13] - The guidance for the ratings business reflects expected ups and downs due to market volatility, with a flat year-over-year build in issuance anticipated [23][25] Business Line Data and Key Metrics Changes - The mobility division is being spun off, which had shown 8.4% growth last year with a 39% margin, indicating strong performance [15][17] - Private credit revenues have grown strongly, with a reported 21% growth in enterprise private markets revenues in the current year [28] Market Data and Key Metrics Changes - The global debt markets are experiencing volatility, but the company has a solid foundation for understanding investor behavior, which informs their guidance [22][23] - The company anticipates a flat M&A environment, with pent-up demand expected to manifest in future years [25] Company Strategy and Development Direction - The company is focusing on integrating data teams and applying generative AI to enhance capabilities across divisions, aiming for accelerated growth [6][10] - The strategic growth themes include private markets and generative AI, with more details expected at the upcoming Investor Day [11] Management's Comments on Operating Environment and Future Outlook - Management has noted reasonable stability in customer behavior and robust pipelines across divisions, indicating a positive outlook despite macro volatility [12][13] - The company is committed to a disciplined approach to capital allocation, maintaining an 85% guideline for capital return to shareholders [72][73] Other Important Information - The mobility business is viewed as better suited to operate as a standalone entity, with limited synergies expected post-spin [18][20] - The integration of generative AI is seen as a significant opportunity for operational efficiency and margin improvement across the organization [61][63] Q&A Session Summary Question: What is the vision for S&P Global over the next three to five years? - The company aims to leverage its comprehensive market coverage and capabilities in benchmarks, analytics, and data to deliver value and accelerate growth [9][10] Question: Are there any areas of the business experiencing revenue pressures? - Most revenues are recurring and stable, with no major changes in customer behavior observed so far [12][13] Question: What is the rationale behind the mobility spin-off? - The mobility division serves a distinct customer base and is expected to perform better as an independent entity, allowing for greater focus and growth opportunities [17][20] Question: How is the company addressing the impact of AI on its market intelligence platform? - The company is integrating generative AI across the organization, focusing on enhancing capabilities and operational efficiencies [46][55] Question: What are the expectations for margin improvement in the market intelligence business? - The company anticipates margin improvements driven by generative AI integration and disciplined execution [63][64]

生成式AI 一、 新版DeepSeek-R1正式开源！ 已放出权重！ 直逼o3编程 1. DeepSeek-R1新版本正式开源，编程能力超越Claude 4 Sonnet，与o4-mini(Medium) 性能相当； 2. 新模型核心优势包括深度推理能力、自然文本生成、支持30-60分钟长时思考，一次运行 即可完美执行复杂代码； 3. 实测表明在3D动画、网站设计和复杂推理问题上表现优异，思考过程更稳定，能完整处理 长链条推理。 https://mp.weixin.qq.com/s/jBh6IGbaLcG3pBT9NsybaA 二、 可灵2.1刚刚上线，价格降了65%，更快、更听话、也更强 1. 可灵2.1正式上线，价格降低65%，效果、速度均有提升，形成标准版、高品质版、大师 版三档清晰分层； 2. 高品质版(35灵感值)效果媲美旧版大师版，1080P画质，运动效果出色，普通创作需求足 够，但仅支持图生视频； 3. 新版本性价比显著提升，普通用户适合选择2.1高品质版，而商业级制作可搭配2.1大师 版，让AI视频创作更加亲民 。 https://mp.weixin.qq.com/s/pNR06ix0RZWC ...

缘何圈粉广告主？据悉，欢聚旗下多元产品矩阵覆盖全球超2.6亿的用户群体，拥有优质自有流量。在 此基础上，BIGO Ads更聚合了全球头部开发者的第三方流量池，覆盖了许多垂类广告的核心目标人 群。此外，欢聚广告业务也深度融合行业前沿的生成式AI技术。 欢聚集团董事会主席兼首席执行官李婷表示，2025年是欢聚集团成立以来的第二十个年份，也将是见证 公司多元增长战略初步落地的一年。目前，欢聚的多元增长战略成效显现，一方面，核心直播业务持续 盈利；另一方面，非直播业务上，BIGO Ads广告平台凭借AI驱动的用户洞察、智能创意和精准投放能 力，增长迅猛。期待这些创新进一步巩固欢聚的竞争优势，助力非直播业务成为新的增长引擎。 值得注意的是，一季度欢聚BIGO 毛利率和经营利润率均明显增长，非直播收入增长驱动所有其他业务 毛利率提升至42.1%。展望今年二季度，随着BIGO板块收入环比恢复增长，预计BIGO non-GAAP经营 利润额恢复环比增长。全年来看，预期今年BIGO板块整体non-GAAP经营利润额将保持稳定，并有望实 现增长，公司整体non-GAAP 的经营利润额会呈改善趋势。 直播创收3.713亿美元 第二 ...

Group 1 - Google's founder Larry Page has been laying the groundwork for AI since 2000, while Apple is only beginning to catch up in this field [1][2] - The development of AI foundational components takes years or even decades, and these components are often not visible to end users [1][4] - Google has nearly all the necessary AI foundational components, while Apple has very few, which poses a significant problem for the company [1][5] Group 2 - Google has invested heavily in AI, with plans to spend $75 billion on capital expenditures this year, primarily for AI data centers [4] - Google is a major renewable energy purchaser and has agreements to develop three nuclear power plants to support its AI operations [4] - Apple lacks large-scale data centers and often relies on Google's data centers for critical projects, indicating a significant dependency on competitors [7] Group 3 - Apple's cautious approach to utilizing user data for AI development has hindered its progress, as it has only recently begun developing its own AI chips [7] - The company has been slow to recruit AI talent and has imposed restrictions on researchers publishing papers, which is crucial for attracting key talent [7] - If generative AI significantly transforms computing devices, Apple's lack of foundational AI components could become a major issue [8]