图片来源： Supabase Z Highlights 01 Vibe Coding 大火背后： Supabase 兼顾效率与安全，便捷实现全栈开发 繁琐的后端配置往往并不是产品创新的核心，但却耗费开发者众多精力，这一 " 技术门槛 " 也让很多人对开发与编程这件事望而却步。随着 AI 的发展，它 有可能降低创作过程中让开发者体验感大打折扣的 " 间接成本 " 吗？ Vibe Coding 这一热词最先由 OpenAI 的联合创始人 Andrej Karpathy 提出，指代近年兴起的 AI 编程新模式，其核心思想是以自然语言驱动编码，由 AI 生 成原始代码。换言之，在软件开发过程中，人们不再受制于编程语言的限制，反而将重点转移到产品创新以及用户体验等 " 氛围 "(vibe) 之上， AI 实时将 其转换为可执行代码。 在传统编程领域中，后端搭建过程中的 API 开发、数据库管理、服务器配置等问题通常是一项既复杂又耗时的任务。为加快开发进程， Google 推出 Baas （后端即服务）产品 Firebase ，帮助开发者快速解决后端搭建过程中的 API 开发、数据库管理、服务器配置等问题。 Supaba ...

CANADA - 2025/05/20: In this photo illustration, the Circle Internet Group logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCircle Internet Group Inc. (NYSE: CRCL), the issuer of USDC, has rapidly emerged as one of the most strategically significant players in the digital finance sector. In 2024, Circle reported revenues exceeding $1.5 billion — primarily propelled by interest income ...

2025 年 06 月 12 日 开源晨会 0612 ——晨会纪要 沪深300 及创业板指数近1年走势 -16% 0% 16% 32% 48% 沪深300 创业板指 晨 会 纪 数据来源：聚源 昨日涨跌幅前五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 有色金属 | 2.208 | | 农林牧渔 | 2.016 | | 非银金融 | 1.905 | | 汽车 | 1.697 | | 传媒 | 1.596 | | 数据来源：聚源 | | 开 源 证 行业公司 【计算机：卓易信息(688258.SH)】发布 AI+IDE 平台 EazyDevelop，激励落地放 量可期——公司信息更新报告-20250611 我们看好公司 AI+IDE 商业化前景，维持 2025 并上调原有 2026-2027 盈利预测， 预计 2025-2027 年归母净利润为 0.88、1.58、2.97（2026-2027 原值为 1.14、1.44） 亿元，EPS 为 0.73、1.30、2.45（2026-2027 原值为 0.94、1.19）元/股，当前股价 对应 PE 为 65.6、36.8、19.6 倍 ...

Investment Rating - The report assigns an "Outperform" rating to Xiaomi Group, Lenovo Group, BYD Electronics, and Sunny Optical, while a "Neutral" rating is given to SMIC and ASMPT [1]. Core Insights - Generative AI is expected to accelerate a software productivity revolution, pushing the global software market to exceed $2 trillion by 2030, with enterprise software and cloud services projected to grow at CAGRs of 12.3% and 20.7% respectively [4][12]. - The AI + Coding sector is becoming a key area for generative AI applications, with major players including OpenAI Codex and GitHub Copilot leading the market [5][32]. - AI is transforming software development processes, enhancing efficiency and reducing development costs significantly, with expectations of a 90% reduction in project development cycles and labor costs [22][38]. Market Overview and Growth Drivers - The global software market is projected to grow from approximately $737 billion in 2024 to over $2 trillion by 2030, driven by digital transformation, remote work, and cloud computing [17][48]. - North America holds the largest market share at 44%, followed by Europe at 28% and Asia-Pacific at 22% [17][48]. - The AI programming tools market is expected to grow from $6.21 billion in 2024 to $18.2 billion by 2029, with a CAGR of 24% [20]. Technological Breakthroughs and Applications - AI + Coding tools are evolving from simple code completion to full-process development assistants, significantly improving development efficiency [12][29]. - The core technology relies on large language models (LLMs) that understand and generate code, with applications in code generation, testing automation, and project management [24][32]. - The introduction of generative AI is expected to democratize software development, allowing non-professionals to participate through low-code/no-code platforms [32][52]. Hardware Foundation and Cost Structure - The cost structure of AI programming tools is primarily driven by hardware costs, which account for about 70% of total costs, with significant reductions in inference costs due to model optimization [34][37]. - Innovations in CPU and GPU technologies are reshaping the computational ecosystem, with RISC-V architecture gaining traction for its flexibility [37][38]. Industry Impact and Future Outlook - AI + Coding is anticipated to reduce development time by 5-10 times and lower enterprise development costs to 10% of current levels, fundamentally reshaping the software industry ecosystem [38][40]. - By 2028, it is predicted that 75% of enterprise software engineers will use AI programming tools regularly, a significant increase from less than 10% in early 2023 [38][40]. Investment Opportunities and Strategic Recommendations - Three main investment themes are identified: platform-based AI programming tools and IDE providers, vertical industry AI solution providers, and IT outsourcing firms transitioning to AI-driven models [40][44]. - Companies are encouraged to strategically adopt AI programming tools, restructure development processes, and establish governance frameworks for AI-generated code [44].

Core Insights - Meituan officially launched its first AI Coding Agent product, NoCode, on June 10, which is a conversational AI programming tool designed to automate coding tasks through natural language interactions [1][2] - NoCode integrates Meituan's self-developed LongCat model, which has a scale of hundreds of billions of parameters and performs at a leading level in code generation benchmarks [1] - The product has been widely applied in various development scenarios, showcasing its practicality and ability to simplify the development process for users without programming experience [2][3] Group 1 - NoCode allows users to create custom websites and software tools without any coding background, making it accessible for "0-basic" users [1] - The model is optimized for web front-end development, efficiently understanding and generating HTML, CSS, and JavaScript [1] - Meituan's R&D investment reached 5.8 billion yuan in Q1, a 15% year-on-year increase, indicating a strong commitment to AI development [1] Group 2 - The product emerged from an internal "hackathon" and was developed in just six months, highlighting the company's agile innovation process [2] - Meituan plans to launch additional AI application assistants within the year, further enhancing its AI capabilities [1][2] - The introduction of NoCode is expected to help small and medium-sized businesses reduce their reliance on SaaS services and outsourcing teams, strengthening the connection between the platform and merchants [2]

股价走势图 数据来源：聚源 -40% 0% 40% 80% 120% 2024-06 2024-10 2025-02 卓易信息 沪深300 计算机/IT 服务Ⅱ 卓易信息（688258.SH） 发布 AI+IDE 平台 EazyDevelop，激励落地放量可期 2025 年 06 月 11 日 投资评级：买入（维持） | 日期 | 2025/6/10 | | --- | --- | | 当前股价(元) | 47.89 | | 一年最高最低(元) | 53.18/19.81 | | 总市值(亿元) | 58.02 | | 流通市值(亿元) | 58.02 | | 总股本(亿股) | 1.21 | | 流通股本(亿股) | 1.21 | | 近 3 个月换手率(%) | 235.98 | 相关研究报告 《高标准激励考核彰显信心，AI+IDE 成长空间广阔—公司信息更新报告》 -2025.5.9 《扣非利润高增长，AI+IDE 前景光明 —公司信息更新报告》-2025.4.30 《业绩符合预期，AI+IDE 值得期待 —公司信息更新报告》-2025.4.18 陈宝健（分析师） chenbaojian@kysec.c ...

TIOBE 2025 年 06 月份的编程语言排行榜已经公布，官方的 标题是： SQL 的未来在哪里 ！ （ Where is SQL going? ） SQL，全称 Structured Query Language（结构化查询语言） ， 是用来和数 据库"对话"的语言。 近期 SQL 的热度开始下滑，本月，它跌至第 12 位，创下了历史最低。 在 TIOBE 榜单历史上，SQL 在 2003 年 10 月 是它的历史高光时刻排到了第六位 ， 不过，2004 年初，有人提出 "SQL 其实不能算是编程语 言" 。这引发了大量争论，最终 TIOBE 决定将 SQL 移出榜单，从上图中我们也看到 2004 到 2018 之间没有数据。 到 2018 年，又有开发者指出：虽然绕了一点，但 SQL 实际上是图灵完备的，而图灵完备通常就意味着它是编程语言。于是，SQL 被重新加入排 行榜，凭借数据库领域的强力支撑，再次回归前十。 只要连上互联网，我们时时刻刻的交互过程都与 SQL 有关系，比如银行记录交易、电商管理订单、医院保存病历、航班、票务、乘客信息、学生 信息管理、选课系统、成绩管理、教师安排等，背后都是一堆表 ...

每经记者｜赵雯琪 每经编辑｜马子卿 点评：菜鸟加速物流科技出海，海外销售增速预计超国内，彰显其在国际市场的勃勃野心。过去一年， 其全球大客户数量同比增长超60%，成绩亮眼。当下，物流科技赛道竞争激烈，国内外众多企业纷纷角 逐。菜鸟凭借多年沉淀的技术实力、全球物流网络及丰富运营经验，精准对接海外客户需求。但要持续 领先，还需不断强化研发，适配更多复杂场景，优化服务，以稳固海外市场地位。 ｜2025年6月11日 星期三｜ NO.3 快手商业私信日消耗峰值超1600万，活跃客户数增长18倍 NO.1 美团发布首款AI编程工具NoCode 6月10日，快手在2025商业私信大会上公布，截至目前快手商业私信单日消耗峰值突破1600万。据了 解，私信产品受到了招商加盟、汽车、本地生活服务等长周期决策行业的商家青睐，过去一年，私信的 活跃客户数增长了18倍。相对于传统表单获客，私信能为商家带来30%的额外曝光，帮助商家的留资率 提升74%、转化成本降低21%。 6月10日，美团正式发布首款AI Coding Agent（AI编程智能体）产品NoCode。这款对话式AI编程工具能 够通过多轮自然语言交互，自动完成编码任务并完 ...

作者：haina，zirong 从 Airbnb 到 Figma，从 Ethereum 到 Scale AI，Thiel Fellowship 一直是"小天才"创业者的"秘密起 点"之一。Thiel Fellowship 由 PayPal 创始人 Peter Thiel 2011 年创办，每年为每一位入选者提供 10 万 美金奖金和"辍学自由"。 在 AI 成为主叙事后，Thiel Fellowship 开始将重心放在 AI 带来的范式变革上。从 Cognition AI （Devin 背后的公司）的创始人 Walden Yan 和 ScottWu，Scale AI co-founder LucyGuo、再到 Mercor 的创始人 Adarsh Hiremath、Brendan Foody 和Surya Midha 等，越来越多来自 Thiel 网络的年轻创始 人，成为 AI 时代的结构性变量。 2025 年的 Thiel Fellow，延续了这种趋势。这届入选者呈现出几大显著特征： • 地域上，从传统的湾区、东北部高校，扩展到更广泛的全球化视野，包括德国、以色列、拉美等新 兴技术生态； • 项目方向上，A ...

Group 1 - Southbound funds net bought Hong Kong stocks worth 75.9 billion HKD on June 10, with notable net purchases in Meituan-W (9.85 billion HKD), CSPC Pharmaceutical Group (7.61 billion HKD), and Innovent Biologics (5.19 billion HKD) [1] - Tencent Holdings saw a significant net sell-off of 18.92 billion HKD, alongside other companies like Xiaomi Group-W (8.99 billion HKD) and Alibaba-W (7.71 billion HKD) [1] - Meituan has experienced 17 consecutive days of net buying, totaling 185.1264 billion HKD, while Tencent has faced 8 consecutive days of net selling, amounting to 99.4492 billion HKD [1] Group 2 - Tencent Holdings experienced a slight decline of 0.87% and repurchased 973,000 shares at a price range of 509-520 HKD per share, costing 500 million HKD [6] - Meituan's stock dropped by 2.7%, while JD.com's daily order volume for food delivery surpassed 25 million, capturing over 31% of the national market share [6] - Meituan launched its first AI Coding Agent product, NoCode, aimed at various applications including data analysis and product prototype design [7] Group 3 - Xiaomi Group's stock fell by 1.29%, and the company addressed rumors regarding a fatal accident during high-level driving training, stating that it would pursue legal action against those spreading false information [7]