智通财经APP获悉，悦享控股（CHR.US）旗下国内首个全栈自研的悦灵犀AI多模态创作应用平台取得 重要进展，该平台多模态新一代全场景AI创作引擎正式上线。 智通财经APP了解到，多模态引擎是一种结合多种数据模态（如文本、图像、音频、视频、3D等）进 行综合分析与推理的人工智能系统。它通过融合自然语言处理（NLP）、计算机视觉（CV）、语音识 别等技术，实现跨模态的数据理解与交互。引擎支持文本、图像、音频、视频、时序数据等多种模态的 输入，通过特征提取（如CNN处理图像、NLP处理文本、MFCC分析音频）和跨模态融合技术，将异构 数据转化为统一表征。内置大语言模型（LLM）和跨模态模型（如CLIP、PaliGemma），支持语义理 解、内容生成及复杂任务处理。采用分布式图数据库，支持大规模多模态索引与高效检，通过单机分布 式一体化设计、自动化调参等技术，降低算力消耗并提升响应速度。 悦享控股旗下的悦灵犀AI拥有文生图、文生视频、图生视频等12项核心技术，行业场景覆盖率高达 97.3%，响应速度达毫秒级，商业转化效率超90%。悦灵犀AI凭借这些优势，它为动画、影视、电商、 广告、文化创意等领域带来了全新的生产力 ...

Group 1 - The core viewpoint is that cultural trade is entering a new phase driven by digital intelligence technology, which has become a crucial engine for content creation, global dissemination, and the integration of consumption scenarios [1] - The company has over 20 years of experience in the cultural tourism industry and has successfully created the well-known national IP "Boonie Bears," with total box office exceeding 8.5 billion yuan [5] - The animation works have been distributed in over 130 countries and regions, with films screened in more than 70 countries, setting records for Chinese films' overseas distribution [5] Group 2 - The company operates over 40 theme parks nationwide, ranking second globally in visitor reception, only behind Disney [5] - The company is one of the earliest in China to engage in digital 3D production and has continuously invested in technology research and development, creating various software and plugins to enhance production efficiency [5] - AI technology is widely applied in multiple stages of content creation, including concept design, character and scene design, and model building, significantly improving the quality and efficiency of animation and film content [5][6] Group 3 - The company is among the few globally with full industry chain development and operation capabilities for theme parks, as well as the ability to export complete theme park solutions [6] - The company has completed overall designs for theme parks in countries like Ukraine and Nigeria and has exported complete theme park solutions to the Middle East, pioneering the export of Chinese intellectual property theme parks [6] - The company plans to continue deepening its engagement in the cultural technology industry, enhancing digital applications, and exploring the creation of more cultural products [6]

Core Viewpoint - Goldman Sachs maintains a buy rating on Bilibili and updates its forecasts following the company's Q1 2025 earnings release and non-deal roadshow [1] Group 1: Gaming Business - Goldman Sachs expresses optimism about Bilibili's gaming business, particularly with the unexpected relaunch of the game "Shining! Yujun Girl" on May 22, 2023, after a long suspension, estimating annual revenue of 500 million RMB for the game [2] - The upcoming anniversary celebration for "Romance of the Three Kingdoms: Fantasy Continent" is expected to act as a catalyst for improved performance, with significant gameplay changes planned for the new S8 season [2][5] - Management indicates that the revenue from the seventh season of "Romance of the Three Kingdoms: Fantasy Continent" remained stable compared to the sixth season, with expectations for improvement in the eighth season due to enhanced monetization and new gameplay [5] Group 2: Advertising Business - Bilibili continues to be one of the faster-growing platforms in China's advertising market, with significant potential for monetization through increased ad load and effective cost per thousand impressions (eCPM) [2] - The top five advertising sectors in Q1 2025 were games, internet services (including AI), e-commerce, digital appliances, and automotive [12] - Effective advertising saw the fastest growth in Q1 2025, increasing by 30-40% year-over-year, now accounting for over 50% of total ad revenue [13] Group 3: Financial Flexibility and Profitability - Following the earnings release, Bilibili completed a $690 million convertible bond issuance and a $100 million stock buyback, which may enhance financial flexibility and support future investments in game studios [3] - Management aims for a long-term gross margin of 40-45% and an adjusted operating margin of 15-20%, focusing on a favorable revenue structure and operational leverage [15] - The gaming business is expected to achieve a comprehensive gross margin of 60-70%, while the advertising business is projected to maintain a gross margin above 60% [15][16]

1. 【"星舰"第八次试射爆炸原因查明，即将第九次发射】据美国"太空"网站25日报道，美国太空探索 技术公司（SpaceX）公布了"星舰"超重型火箭第八次试射失败的原因——发动机故障导致的连锁反 应，最终引发火箭空中自毁爆炸。报道称，美国联邦航空管理局（FAA）已经认可该事故调查报告， 并批准后续的飞行试验。如果一切顺利，"星舰"的第九次试射最早将于美国当地时间27日进行。（环 球网） 2. 【消息称台积电已预约1.2纳米先进制程厂址】5月26日，有消息称，台积电已向南科园区管理部门 预约沙仑生态科学园区（南科台南园区四期）一半土地，作为未来1.2纳米先进制程的建厂基地。南 科园区管理部门表示，沙仑生态科学园区目前处于筹设计划阶段，预估2027年下半年可以取得开发许 可。对于台积电是否已提出土地需求，或园区已先行预留给台积电设厂，南科园区管理部门称，以台 积电公告为准。（ 科创板日报） 4.【中国信通院牵头完成ITU-R 5G卫星技术规范】 4月30日—5月6日，国际电信联盟无线电通信局卫 星研究组（ITU-R SG4）WP4B第56次全会在上海召开。中国信通院牵头，联合中信科移动通信技术 股份有限公司、中国 ...

4. 【研究发现OpenAI模型会破坏关机命令】5月26日消息，Palisade Research的研究发现，包括 OpenAI的o3在内的部分AI模型，在面对计算机即将因请求下一个问题而关闭时，能够无视关闭指 令，破坏关机脚本。在100次运行中，Codex-mini成功破坏了12次，o3成功7次，o4-mini成功1次。 当未运行"允许自己被关闭"指令时，这三个OpenAI模型破坏关闭脚本的频率更高。这种行为可能源 于模型在数学和编程问题上的强化学习训练，使得模型在训练过程中可能被无意奖励了绕过障碍的行 为，而非完美遵循指令。（ 科创板日报） 1.【特斯拉前高管打脸马斯克：Optimus机器人不适合在工厂工作】特斯拉CEO埃隆·马斯克称 Optimus机器人能大规模在工厂工作，不过，特斯拉前机器人团队负责人克里斯·瓦尔蒂（Chris Walti）在接受采访时表示，像Optimus这样的人形机器人并不适合工厂工作。 瓦尔蒂解释称，人形 机器人虽然是一项具有巨大潜力的迷人技术，但在仓库、物流和制造业中，类人机器人的效率会更 低。马斯克在一次采访中表示，特斯拉预计到今年年底将有数千台Optimus机器人在其工厂投 ...

Group 1 - Huawei's executive Yu Chengdong was criticized for allegedly "sleeping while driving" a car, which sparked public debate [3][5] - The customer service of AITO responded that the vehicle requires the driver to hold the steering wheel and pay attention while using L2 level assisted driving [5] - Apple is reportedly planning to release two new iPhone models each year to maintain market interest, as its market share in China has dropped to 13.7% [5][6] Group 2 - Meituan reported Q1 2025 revenue of 86.6 billion yuan, an 18.1% year-on-year increase, with adjusted net profit reaching 10.9 billion yuan [7][8] - CEO Wang Xing stated that Meituan will spare no effort to win competition against JD's substantial subsidies in the food delivery sector [7][8] - Meituan is heavily investing in AI, with 52% of its new code generated by AI and over 90% of engineers using AI coding tools [7][8] Group 3 - BYD's public relations manager made cryptic posts on social media, interpreted as a response to comments from Great Wall Motors' chairman [7] - NIO has expanded its business scope to include battery manufacturing, indicating a strategic shift in operations [22] - SAIC-GM's vice president confirmed that Buick will not abandon the Chinese fuel vehicle market despite a declining user base [22] Group 4 - GAC Group has officially launched operations in Brazil, planning to introduce five new vehicle models, including four electric vehicles [11] - Xiaomi's self-developed chip "Xuanjie O1" is not based on Arm's CSS platform, as confirmed by company executives [13] - Volvo announced a global layoff of approximately 3,000 positions as part of a cost-cutting initiative [13] Group 5 - The global automotive market saw a 5% year-on-year increase in April 2025, with China holding a 33% share of the global automotive market in the first four months of 2025 [35] - The automotive industry is experiencing a recovery, with sales in China showing significant growth following policy stimulus [35]

Group 1: Company Overview - Haikan Network Technology (Shandong) Co., Ltd. plans to develop six major industry sectors, including IPTV and digital applications, with a projected net asset of 3.709 billion yuan and a main business revenue of 934 million yuan in 2024, achieving a profit margin of 43% [1] - Henan Elephant Media Group has seen revenue growth from 917 million yuan to 1.321 billion yuan, a 44% increase, and profit growth from 5.69 million yuan to 27.57 million yuan, a 385% increase [2] - Wuhan University of Technology Digital Communication Engineering Co., Ltd. achieved a revenue of 3.595 billion yuan in 2024, a 48.76% year-on-year increase, and a valuation of 9.8 billion yuan, becoming a unicorn [3] Group 2: Technological Innovation - Haikan Network is actively creating platforms for the international dissemination of traditional Chinese culture, integrating AI technology into media content [1] - Henan Elephant Media has established an AIGC application research center and is involved in national AI talent standard formulation, leading in AI application across 12 industry tracks [2] - Wuhan University of Technology has developed the AI model BOOKSGPT and integrated over 1,300 applications into its RAYS platform, significantly increasing industry revenue [3] Group 3: Market Performance - Haikan Network's market capitalization reached 10.22 billion yuan by the end of 2024 [1] - Henan Elephant Media's Daxiang News client has been downloaded over 162 million times and ranked first in a national media evaluation list [2] - Wuhan University of Technology's innovative publishing model has led to an industry revenue increase of over 15 billion yuan [3] Group 4: Cultural Impact - Haikan Network promotes the creative transformation of traditional culture, aligning with national digital cultural strategies [1] - Henan Elephant Media's initiatives in AI and media have enhanced its social responsibility and innovation capabilities [2] - Wuhan University of Technology's projects aim to reshape the value of printed books through AI technology, leading to significant industry changes [3]

这是进入2025以来始终备受关注的新拷问，特别是生成式AI浪潮在商业化和规模化落地上，是否会与上一波AI浪潮展现出不同的速度和表 现？ 昆仑万维最新披露的2024年报，以及今年第一季度财报，或许就能一定程度上对上述问题给出解答和参考。 为什么是 昆 仑万 维 ？ 首先，昆仑万维是大模型浪潮中响应最迅速的玩家，是坚定面向AIGC前进的玩家，战略上重视。 杰西卡 发自 凹非寺 量子位 | 公众号 QbitAI ChatGPT横空出世三年，生成式AI驱动的 AIGC时代 ，究竟到什么阶段了？ 其次，昆仑万维有全面的业务场景，有成功的产品案例，能看到AI在进入场景前后带来的变化，具备"验证样本价值"。 特别是对于海外市场，昆仑万维作为第一批进入海外游戏市场的中国厂商，从凭借StarMaker、ArkGames、Opera等产品成功打开海外市 场，到如今借助 AI音乐Mureka、AI短剧SkyReels 等更多领域产品实现海外收入暴涨，展现了基于中国创新、辐射全球市场的中国厂商出 海的成功落地路径。 最新5月22日刚刚发布的 天工超级智能体 （Skywork Super Agents），解决了Agent市场普遍存在的 ...

今日，A股小幅震荡，主要股指涨跌互现，北证50临近收盘快速拉升涨近2%，创业板指险守2000点大关，上证50则跌破2700点，创2周新低。上涨个股远 多于下跌个股，成交额萎缩至1万亿元以下，创1个多月来新低。 | 代码 | 名称 | * ● 取新 | 涨幅% | 金额 | | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3346.84 0 | -0.05 | 4005.27亿 | | 399001 | 深证成指 | ● 10091.16 | -0.41 | 6094.34亿 | | 399006 | 创业板指 | · 2005.26 | -0.80 | 2686.96亿 | | 000016 | 上证50 | 0 2699.42 | -0.46 | 599.25亿 | | 000300 | 沪深300 | · 3860.11 | -0.57 | 2088.77亿 | | 000688 | 科创50 | C 982.26 | 0.17 | 161.84亿 | | 899050 | 北证50 | 0 1396.59 | 1.94 | 241.00亿 | | 00 ...

Group 1: Fund News - The first batch of innovative floating rate funds will be launched starting May 27, following their approval last week [1] - 66 pharmaceutical-themed funds have increased by over 20% this year, with 251 out of 282 funds showing positive performance [1] - The Hong Kong-themed fund, Huatai-PB Hong Kong Advantage Selected Fund, has topped the performance rankings among public funds, with over 1,100 funds holding more than 20% of their net asset value in Hong Kong stocks showing positive returns this year [1] Group 2: Market Insights - The Hong Kong stock market has become one of the best-performing technology markets globally this year, driven by strong fundamentals and low valuations, according to fund manager Wang Guizhong [1] - The macro theme for this year is expected to be "recovery," with technology sectors, particularly AI, presenting nonlinear growth opportunities [1] - The IPO market in Hong Kong is anticipated to see a significant recovery in 2025, indicating substantial future investment opportunities [1] Group 3: ETF Market Review - The market experienced fluctuations, with the Shanghai Composite Index down by 0.05% and the Shenzhen Component Index down by 0.41%, with a total trading volume of 1.01 trillion yuan [2] - The S&P 500 ETF led the gains with an increase of 3.22%, while gaming and big data ETFs also performed well [2] Group 4: ETF Opportunities - The importance of network and information security is expected to grow, with related expenditures projected to maintain a high growth rate, suggesting potential investment in information security ETFs and big data ETFs [5]