Equity Research 17 June 2025 U.S. Semiconductors & Semiconductor Capital Equipment Asia Supply Chain Checks Post Q1 Earnings: Raising NVDA PT to $200 as Builds Point to 2H Upside, ASIC/ Interconnect Update, Pull- Forwards Real We checked in with the supply chain post Q1 prints. Please see our key takeaways below: We appreciate your 5-star vote in the 2025 Extel All-America Research Survey in the Semiconductors & Semiconductor Capital Equipment category. View our analysts » Vote 5 Stars for Barclays » Update ...

储瑞松指出，在过去一年，大模型的能力在各个维度都实现了跨越式发展。就连在今年1月推出的HLE（Humanity's Last Exam，一项权威基准测试）上，模 型正确率也从刚开始的个位数，迅速发展到如今已经超过20%。 每经记者｜张梓桐 每经实习编辑｜余婷婷 "过去一年，机器智能已经爆发了，如今AI（人工智能）的发展又来到了一个拐点，我们正处在Agentic AI（代理式人工智能）爆发的前夜。"6月19日，在亚 马逊云科技中国峰会上，亚马逊全球副总裁、亚马逊云科技大中华区总裁储瑞松表示。 "正如历史上蒸汽机的出现放大和解放了人与动物的肌肉力量，通过在纺织、交通、采矿和冶炼等领域的应用带来了工业革命。机器智能的爆发则放大和解 放了人的大脑智力，其应用也将带来Agentic AI的革命。"储瑞松说。 如他所言，AI落地的场景正在扩张到汽车、零售、电商、医药等多个场景。"人工标注曾是车企研发的'卡脖子'环节。"亚马逊云科技汽车行业解决方案负责 人在展位接受《每日经济新闻》记者采访时表示，辅助驾驶研发依赖海量路采数据标注，而传统人工处理存在"效率低、成本高"的痛点。 | | | --- | | | | | | 辅助 ...

Core Insights - Companies must prepare three key aspects to maximize the value creation from Agentic AI: unified AI-ready infrastructure, aggregated and governed AI-ready data, and clear strategies with efficient execution [1][2][3] Group 1: AI-Ready Infrastructure - A unified AI-ready infrastructure is essential for companies in the Agentic AI era, with key considerations including security, reliability, flexibility, and technological leadership [1] - Companies should evaluate cloud service providers not only on current technical capabilities but also on their long-term commitment to cloud as a core business and their ability to sustain high levels of investment [1] Group 2: AI-Ready Data - Aggregated and governed AI-ready data is crucial as it represents a strategic asset that can provide differentiated value to companies [2] - The readiness of data determines the potential of Agentic AI "digital employees" in terms of their vision, capabilities, decision-making, and execution effectiveness [2] - Breaking down data silos and effectively aggregating and governing data is necessary to maximize the value creation from Agentic AI [2] Group 3: Strategy and Execution - Companies need to have clear strategies and realistic expectations regarding the value creation from Agentic AI, with a focus on both short-term and long-term impacts [3] - Selecting suitable partners and technology stacks is critical, emphasizing the importance of mainstream, open, secure, and sustainable options that understand the business deeply [3] - Rapid execution of strategies and the ability to iterate and replicate successful practices will enable companies to benefit sooner and achieve sustained leadership in their industries [3]

According to the Bank of America Global Fund Manager Survey, Long Mag 7 is one of the most crowded trades on Wall Street. But my next guest has some alternative ways to play artificial intelligence. I want to bring in Dan Newman who is the Futurum CEO.Great to have you here back in studio with us. Hey Brad, good to see you. So let's talk about this because a lot of people have already piled into Mag 7, but you believe that there are other places that are non-Mag 7 that they could find some exposure to gener ...

Cary, NC, June 18, 2025 (GLOBE NEWSWIRE) -- AI reigned supreme at Cisco Live 2025, as organizations collectively acknowledged that the rise of AI is requiring significant changes to data center operations. INE, a leading global provider of networking training and certification prep, is releasing its analysis of the top themes to emerge as key takeaways from the conference. Cisco Live, held June 8-12 in San Diego, drew more than 22,000 IT professionals to discuss, debate, and innovate the growing overlap bet ...

New IBM integrations to help businesses keep their agentic AI – and other generative AI systems –secured and responsible at scale Enterprises can red team agents, audit agents, detect shadow agents, and more ARMONK, N.Y., June 18, 2025 /PRNewswire/ -- Today, as enterprises scale AI agents across their organizations, IBM (NYSE: IBM) is announcing the industry's first software to bring AI security and AI governance teams together and provide a unified view of enterprises' risk posture. The new capabilities en ...

Core Insights - The Capgemini Research Institute report indicates that AI is generating positive returns on investment (ROI), averaging nearly 1.7 times return, which sets the stage for widespread agentic AI implementation [1][2] - Among early adopters of generative AI (Gen AI), approximately 30% have integrated AI agents into their operations, with a projected 48% increase in agentic AI projects by the end of 2025 [1][4] Investment Trends - Enterprises are increasingly investing in Gen AI, with 62% of surveyed organizations planning to grow their investments this year compared to last year [2] - The report highlights that initial concerns regarding ROI from large-scale AI rollouts are diminishing as organizations report substantial returns [2] Adoption and Implementation - Gen AI adoption has risen to 36% among organizations, up from 20% the previous year, with 30% of these adopters integrating AI agents into their operations [4] - AI agents are delivering significant benefits, including reduced errors, improved customer satisfaction, and increased operational efficiency across various business functions [5] Leadership and Workforce Transformation - Strong leadership and workforce transformation are essential for achieving faster ROI on Gen AI investments, with organizations that establish a solid foundation achieving ROI 45% faster [6] - The report notes that organizations have automated 30% of operational tasks in the past two years and expect further automation, with nearly two-thirds of employees anticipating changes to their job descriptions by 2028 [7] Future Expectations - Two in five organizations expect to see positive returns on their AI investments within 1-3 years by embedding AI capabilities into core business processes [8] - Interaction with AI agents is projected to increase by 2028, necessitating training and upskilling for effective human-AI collaboration [9]

Equity Research 13 June 2025 U.S. Internet Agentic AI Is Finally Showing Up, We Revisit AI Capacity in 2026 Cursor hitting $500m ARR in just ~2 years should wake up the investment community to the coming wave of agentic AI companies/products. Based on the installed AI compute base, we estimate the industry can support over 1.7B of these vertical agents, or potentially upwards of 12B consumer agents. We appreciate your 5-star vote in the 2025 Extel All-America Research Survey in the Internet Largecap and Int ...

Key Takeaways Mastercard is expanding crypto efforts to enable spending at 150M global locations. MA supports USDC settlement and cross-border transfers via Crypto Credential and stablecoin ties. Partners like Kraken and OKX help MA connect crypto holders with real-world spending options.In Mastercard Incorporated’s (MA) determination to grow, it is dipping its toes in the world of crypto. This is a strategic move aimed at redefining the company’s role in the digital finance landscape. In its effort to st ...

◼ 风险提示：地缘政治风险、汇率风险、流动性风险。 证券研究报告·行业点评·互联网软件与服务 AI 产业跟踪 [Table_Main] 2025 火山引擎春季 FORCE 原动力大会：大 模型与智能硬件共筑 AI 生态 摘要： ◼ 推理、多模态和 GUI 操作能力全面升级，推动 Agentic AI 加速落地。 2025 年作为中国 Agent 应用元年，生成式 AI 正向具备自主决策能力的 Agentic AI 跃迁，深度思考、多模态理解与工具调用成为模型进化核心 方向。豆包大模型 1.6 系列全面强化升级后，支持"边想边搜"及 Deep Research（小范围测试），显著提升复杂推理与信息检索效率；同时，多 模态应用覆盖电商（商品审核与比价）、自动驾驶（路采数据筛选与意 图识别）、安全巡检（矿山/工地监测）等高价值场景。在 GUI 操作能力 方面，凭借视觉深度思考能力和视觉精准定位能力，大模型可使智能体 与浏览器及其他工具实现流畅交互与操作，完成酒店筛选、票据整理等 复杂任务，推动办公自动化落地。 ◼ Seedance 1.0 Pro 登顶全球文生视频和图生视频榜单。Seedance 1.0 Pro 支 ...