本期为《仲夏六日谈》 第四季 第一期节目文字内容，主题为 《异化与突围：AI一代的爱与忧愁》 。 十大看点： ·浪潮之下，人们该如何主动走入AI围城？ ·AI如何改变人与世界认知的关系？ ·何为"人异于AI者几希"的独特性？ ·教育如何培养"AI无法替代的能力"？ ·职业分极，社会如何适应就业的结构性变化？ ·AI原生一代的生命存在图景为何？ ·讲故事与定制化，AI时代下的消费转型？ ·AI是否会催生新的"社会分层与不平等"吗？ ·AI将如何重新定义人类的情感连接与价值？ ·面对系统性困境，个体生存对抗策略是什么？ 对话嘉宾： 许纪霖 人文学者、华东师范大学紫江学者，历史系教授 蒋松筠 知名B站UP主 陈小雨（主持） 百万知识博主、前《奇葩说》辩手 异化与突围：AI一代的爱与忧愁 陈小雨： 大家好，欢迎观看《仲夏六日谈》，我是小雨，也是本期节目主持人。今天我们要聊的话题 是"异化与突围，AI一代的爱与忧愁"。今天我们邀请到两位嘉宾，一位是著名人文学者许纪霖教授，他 是华东师范大学历史学教授，另一位是"老蒋巨靠谱"，我们也是老朋友了，他是B站知名up主。我自己 也是一名知识博主，同时也是《奇葩说》的前辩手。现在 ...

Core Viewpoint - Foton Motor aims to become a world-class commercial vehicle enterprise by focusing on comprehensive internationalization, new energy, and intelligence as part of its strategic transformation [6][22]. Group 1: Business Performance - In the first half of the year, Foton Motor achieved total sales of 327,000 units, a year-on-year increase of 9.1% [3]. - Heavy truck sales reached nearly 67,000 units, up 74.3% year-on-year, while new energy vehicle sales exceeded 50,000 units, surging 151% [3]. Group 2: Strategic Direction - Foton Motor emphasizes open cooperation and shared benefits as its core business philosophy [5]. - The company plans to enhance its strategic focus on three major areas: comprehensive internationalization, new energy, and intelligence [6]. Group 3: Key Initiatives for the Second Half - Foton will focus on eight key initiatives, including accelerating the transition to new energy, integrating ecological business into the dealer system, and enhancing traditional business market share [8]. - The company aims to support underperforming regions with targeted policies and encourage domestic dealers to explore overseas markets [8]. Group 4: Marketing and Service Transformation - Foton's marketing strategy will focus on enhancing channel quality and efficiency, expanding ecological business, and implementing a customer order-based model for parts sales [16]. - The company plans to deepen its new energy ecosystem by launching exclusive financial products and building a charging station network [16]. Group 5: Product and Technology Showcase - Foton showcased a comprehensive range of products across ten exhibition areas, highlighting its technological advancements and product layout in the commercial vehicle sector [17][22]. - The exhibition featured diverse power types, including pure electric, hydrogen, and LNG, demonstrating Foton's commitment to meeting various market demands [19][20].

Group 1 - The earnings season for tech giants has begun, with significant market focus on the potential volatility from upcoming earnings reports, particularly in the semiconductor and internet sectors [1][2] - Goldman Sachs has observed a pronounced negative asymmetry in earnings reactions, where good news leads to modest gains or even declines, while bad news results in substantial sell-offs [2][5] - The actual volatility of earnings reports has exceeded expectations, with Texas Instruments experiencing a 13% drop, nearly double the typical volatility seen in the past decade [6] Group 2 - The semiconductor sector shows a high long-short ratio, indicating crowded positions among investors, which may create short-term resistance during earnings periods [5] - There has been a notable resurgence in retail and speculative trading, with speculative trading indicators reaching historical highs outside of the 1998-2001 and 2020-2021 periods [8] - The "tariff-exempt growth stocks" theme has seen a significant shift in capital flows, with notable declines in stocks like Netflix and Spotify, despite their strong year-to-date performance [10] Group 3 - Capital expenditure data from Google indicates a strong commitment to AI investments, with a 70% year-over-year increase in Q2 capital expenditures and a $10 billion upward revision for FY2025 guidance [14] - Upcoming earnings reports from Microsoft, Meta, and Amazon are anticipated to provide further insights into capital expenditure trends and overall market sentiment [14][16] - Apple has become a major short target among hedge funds, with a year-to-date performance of -17%, contrasting sharply with the NASDAQ's +9% [17]

[Table_Main] 行业研究|信息技术|半导体与半导体生产设备 证券研究报告 半导体与半导体生产设 备行业周报、月报 2025 年 07 月 28 日 [Table_Title] 小马智行在三城开启自动驾驶公开道路测试，特斯 拉 25Q2 业绩下滑 1）2024 年中国人工智能产业规模突破 7000 亿元，连续多年保持 20% 以上的增长率。今年上半年中国生成式人工智能产品数量迅猛增长， 应用场景持续扩大。2）25Q1 全球平板出货量较去年同期增长 6%， 达到 3440 万台，苹果出货 1200 万台，yoy+5%，市占率 35%；三星 出货 710 万台，yoy+6%，市占率 21%；小米出货 310 万台，yoy+57%， 市占率 9%。3）25Q2 中国智能手机市场出货量为 6896 万部，同比 下降 4.0%。2025Q2 折叠机出货量达 221 万台，同比下降 14.0%。 重大事件 1）小马智行宣布已在北京、广州、深圳三城正式启动 7×24 小时全 天候自动驾驶公开道路测试。2）特斯拉 25Q2 收入下滑 12%，毛利 润下滑 15%。3）苹果折叠机搭载 A20 Pro 芯片，配备 12G ...

经济要闻 1. 国家统计局：六月份规上企业利润降幅收窄。6 月份，规模以上工业企 业实现利润总额 7155.8 亿元，同比下降 4.3%，降幅较 5 月份收窄 4.8 个百 分点，其中制造业改善明显，利润由 5 月份下降 4.1%转为增长 1.4%。从累 计看，前 6 个月规模以上工业企业营业收入增长 2.5%，利润下降 1.8%。（资 料来源：同花顺、经济日报） 2.农业农村部：发布《促进农产品消费实施方案》。《方案》提出优化供 给端、创新流通端、激活市场端，努力释放多样化、品质化、差异化消费 潜力，有力有效扩大农产品消费。优化绿色优质农产品供给，以高品质、 差异化精准对接多元消费需求，有助于提升市场匹配度与消费满意度。《方 案》要求，提高绿色、有机、名特优新和地理标志农产品生产及原料基地 建设水平，大力推进品种培优、品质提升、品牌打造和标准化生产，从严 加强证后监管。（资料来源：同花顺、证券时报） 3.美国：美国总统特朗普和欧盟委员会主席冯德莱恩 27日在英国共同宣布， 美欧达成新贸易协议。在与冯德莱恩举行非正式会晤后，特朗普透露了新 协议的部分细节，包括美国将对欧盟输美产品征收 15%的关税、欧盟将对 ...

Investment Rating - Investment rating is maintained as "Recommended" [2] Core Viewpoints - The issuance of Robotaxi operation licenses in Shanghai marks a significant step towards the commercialization of autonomous taxi services, with potential benefits for the entire industry chain [7][18] - The report highlights three categories of companies to focus on: those with capabilities to upgrade from L2 to L4, taxi companies with license resources, and suppliers of autonomous driving components like lidar and drive-by-wire systems [19] Industry Dynamics - The automotive industry is experiencing a "de-involution" trend, with provinces like Guangdong and Anhui implementing measures to promote healthy competition in the new energy vehicle sector [20] - The report notes that Tesla has begun production of an affordable model, expected to ramp up in the second half of the year [24] - The report also mentions the launch of several new models, including those from Geely and BYD [36] Market Performance - The automotive sector under the Shenwan index saw a weekly increase of 1.03%, lagging behind the Shanghai and Shenzhen 300 index, which rose by 1.69% [38] - The report provides detailed performance metrics for various segments, with passenger vehicles up by 1.33% and commercial vehicles up by 4.26% [38] Data Tracking - In June 2025, retail sales of passenger vehicles reached 2.0851 million units, a year-on-year increase of 18.18% [47] - The penetration rate of new energy vehicles in retail sales reached 53.3%, with retail sales of 1.111 million units, up 29.66% year-on-year [64] - The report indicates that the penetration rate of vehicles equipped with L2.5 and above systems reached 24.68% in May 2025 [80]

Core Insights - Generative AI technology is rapidly transforming the customer service industry globally, with companies seeking to enhance service efficiency and experience [1] - The challenge lies in effectively implementing AI solutions that are stable, efficient, and easy to deploy, addressing issues such as response delays, multilingual support, and compliance for global deployment [1][2] Group 1: Product Offering - Cloud Data has launched the ConnectNow omnichannel intelligent contact center system, designed to address industry pain points and provide a ready-to-use intelligent service solution for companies, especially those expanding overseas [1][3] - The ConnectNow product includes multiple features such as multi-channel access, intelligent agent assistance, and ticket management, aimed at improving global after-sales service quality and customer satisfaction [1][3] Group 2: Technical Implementation - Cloud Data emphasizes a practical and engineering-focused approach to AI, utilizing Amazon Bedrock services to intelligently select the most suitable AI model for different customer service tasks [2] - The system achieves over 95% accuracy in understanding user intent and reduces response time to under 2 seconds, matching or exceeding human customer service speed [2] Group 3: Modular Design - The online customer service process is broken down into over 30 independent functional modules, allowing businesses to customize their customer service processes easily and reduce implementation costs [3][4] - ConnectNow's core communication capabilities are built on Amazon Connect, enabling rapid deployment of overseas service nodes through a global network of 117 data center regions [3][4] Group 4: Cost Efficiency - The implementation of ConnectNow has led to a 40% reduction in operational and idle costs for enterprises, effectively overcoming barriers to applying advanced AI technology in daily customer service scenarios [4][6] - In specific case studies, such as with DeYe Co., customer service efficiency improved by over 30% after integrating ConnectNow, which supports over 30 languages and operates 24/7 [6] Group 5: Future Trends - The future of intelligent customer service is expected to evolve towards seamless human-machine interaction, with the potential for users to customize their AI voices [7][8] - Predictions indicate that within three years, intelligent customer service will handle 80% of basic services, leading to the emergence of new roles such as knowledge trainers and service data analysts [7][9]

此外，引人注意的是，相比一季度，二季度，但斌美股持仓中出现 3个新标的。 其中，持仓市值接近5470万美元的Coinbase，是一家数字货币 交易所；按交易量计算，Coinbase目前是美国最大的加密货币交易所。（ 点此领取持仓名单 ） 本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 近日，但斌执掌的东方港湾向美国证监会SEC提供了最新的13F文件，东方港湾海外基金"Oriental Harbor Investment Fund"2025年二季度的美股 持仓数据随之出炉。 （ 点此领取二季度美股持仓名单 ） 0 1 美股持仓高达百亿，新进数字货币交易商 数据显示， 2025年二季度 末 东方港湾 共 持有 1 3 只美股 标的 ，持股市值合计 16.11 亿美元， 折合 人民币 超 115 亿元 ，相比2025年一季度 末约8.68亿美元的持股市值接近翻倍，其中既有加仓的缘故，也有持仓股股价飙升的缘故。 二季度，但斌在美股也进行了一定程度的调仓换股。其重仓已久的英伟达，在二季度被小幅减仓后退居第 3大重仓股。谷歌、亚马逊均在二季度 被大幅加仓，分别新晋为第1大和第2大重仓股。 | # | 证券 ...

巴菲特退休消息引发的市场担忧正在拖累伯克希尔·哈撒韦的股价表现，自5月3日年会宣布将于年底卸 任CEO以来，公司股价已下跌超过10%。 分析认为，股价疲软反映了投资者对"巴菲特溢价"消退等多重因素的担忧。这一跌幅使伯克希尔落后标 普500指数逾20个百分点，而今年初该股还曾跑赢大盘。 尽管面临领导层变更不确定性，但公司三大核心业务（保险、铁路和电力公用事业）仍处于良好状态， 而且公司拥有超过3300亿美元现金，约占1万亿美元市值的三分之一，为未来的回购、分红或大型收购 提供充足弹药。 UBS分析师Brian Meredith表示，伯克希尔与4月份巴菲特宣布卸任前并无二致，他给予该股买入评级， 目标价892,120美元，较当前水平上涨23%。 多重因素拖累股价表现 伯克希尔股价疲软源于多个因素交织。 首先股价疲软源于"巴菲特溢价"消退担忧。94岁的巴菲特虽计划在2026年继续担任董事长，但市场对领 导层交接缺乏透明度表示不安。 伯克希尔尚未透露Greg Abel接任CEO后的高管团队安排，73岁的保险业务负责人Ajit Jain是否留任也不 明确。负责约10%股票投资组合的Todd Combs和Ted Wesc ...

【导读】70亿元建公寓！京东又有大动作，3.5万岗位校招 中国基金报记者 江右 7 月 28 日，京东宣布 2026 校园招聘正式启动。本次校招将开放 3.5 万个岗位。京东持续 发力外卖、酒旅板块，在人工智能领域，亦大消息不断。 此前，京东创始人、董事局主席刘强东预计，二季度末员工数达 90 万名。未来随着新兴板块 业务的持续推进，京东员工数量将突破 100 万人。 校招 3.5 万个岗位、 70 亿元建青年公寓 7 月 28 日，京东宣布 2026 校园招聘正式启动。本次校招将开放 3.5 万个岗位，其中面向 应届毕业生的校招岗位 2 万个，面向在校生的实习生岗位 1.5 万个！ 招兵买马的背后，是京东业务的快速发展。持续发力外卖、酒旅外，京东在人工智能领域也 是大动作不断。 在近日举办的世界人工智能大会（ WAIC ）期间，京东甩出 AI 组合拳：发布了全新的大模型 品牌 JoyAI ，还切入当前炙手可热的智能体赛道，直接宣布京东云 JoyAgent 开源 —— 也 是行业首个 100% 开源的企业级智能体，将京东的庞大场景能力融合其中。同时，一口气宣 布其附身智能品牌 JoyInside 与数十家机器 ...