Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The current AI assistants are limited to single-task scenarios, which have a minimal impact on team productivity [8][9] - There is a significant potential for efficiency improvement across various stages of the development process, with estimated lead time reductions ranging from 13.5% to 25.5% [10] - AI can serve as a tool to enhance team productivity by addressing hidden inefficiencies and friction points in the workflow [11][13] Summary by Sections Section 1: What Makes Team AI Assistants Different? - Current AI assistants focus on single-point tasks, limiting their effectiveness in enhancing overall team productivity [8][9] - The report identifies various stages in the development process where AI can improve efficiency, such as planning, design, coding, testing, and deployment [10] Section 2: Scenarios for Team AI Assistants - AI can act as a mentor, decision-maker, and creator, integrating business needs with innovative applications [20][22] - Identifying hidden barriers to team value delivery through data analysis can help pinpoint critical problem areas [23][24] Section 3: Seamless Integration with Existing Toolchains - Effective team AI assistants should be fully integrated into existing toolchains, allowing for seamless user experiences [36][37] - The report emphasizes the importance of context retention and cross-tool memory for AI assistants to function effectively [40][41] Section 4: Designing the MVP for Team AI Assistants - The core logic of the team AI assistant includes user context awareness, historical answer matching, and intent classification [47] - The assistant should facilitate multi-step dialogues and provide real-time feedback based on user interactions [50] Section 5: Future Directions for Team AI Assistants - The vision for future AI assistants includes acting as proactive team coordinators, providing continuous support and reminders [57][58] - The report suggests that future AI assistants will enhance team collaboration and efficiency through advanced contextual awareness and knowledge sharing [54][59]

以下文章来源于腾讯科技 ，作者苏扬 郝博阳 腾讯科技 . 腾讯新闻旗下腾讯科技官方账号，在这里读懂科技！ 将投中网设为"星标⭐"，第一时间收获最新推送 算力永不眠。 作者丨苏扬 郝博阳 编辑丨 郑可君 来源丨腾讯科技 作为AI时代的"卖铲人"，黄仁勋和他的英伟达，始终坚信算力永不眠。 今天的GTC大会上，黄仁勋拿出了全新的Blackwell Ultra GPU，以及在此基础上衍生的应用于推 理、Agent的服务器SKU，也包括基于Blackwell架构的RTX全家桶，这一切都与算力有关，但接下 来更重要的是，如何将源源不断算力，合理有效地消耗掉。 在黄仁勋眼里，通往AGI需要算力，具身智能机器人需要算力，构建Omniverse与世界模型更需要源 源不断的算力，至于最终人类构建一个虚拟的"平行宇宙"，需要多少算力，英伟达给了一个答案—— 过去的100倍。 为了支撑自己的观点，黄仁勋在GTC现场晒了一组数据——2024年美国前四云厂总计采购130万颗 Hopper架构芯片，到了2025年，这一数据飙升至360万颗Blackwell GPU。 以下是腾讯科技整理的英伟达GTC 2025大会的一些核心要点： Blac ...

Investment Rating - The investment rating for BOSS Zhipin (BZ.O) is "Outperform the Market" [5][13]. Core Views - The report highlights a stabilization and recovery in recruitment demand, with a focus on the progress of AI products. The company reported a revenue growth of 15% year-on-year, with an adjusted profit margin of 40% [1][3]. - The company anticipates a Non-GAAP operating profit of 3 billion in 2025, representing a year-on-year growth of approximately 30% [1][3]. - The report emphasizes the company's strong user growth trajectory, setting a target of over 35 million users, with nearly 49.5 million new users added in 2024 [1][3]. Summary by Sections Financial Performance - In Q4 2024, the company's operating revenue was 1.82 billion, up 15% year-on-year, but down 5% quarter-on-quarter, slightly exceeding the company's guidance [1][8]. - The cash bill revenue for Q4 2024 was 1.84 billion, reflecting a year-on-year increase of 3% and a quarter-on-quarter increase of 2% [1][8]. - The gross margin for the quarter was 83%, with a year-on-year increase of 0 percentage points and a quarter-on-quarter decrease of 1 percentage point [1][8]. - Adjusted net profit for Q4 2024 was 720 million, maintaining a net profit margin of 40% [1][8]. User and Market Dynamics - The platform's monthly active users (MAU) reached 52.7 million in Q4 2024, representing a year-on-year increase of 28% but a quarter-on-quarter decrease of 9% [2][11]. - The number of paid enterprises increased by 17% year-on-year, totaling 6.1 million [2][11]. - The average revenue per user (ARRPU) for the past 12 months was 1,192 yuan, showing a year-on-year growth of 5% [2][11]. AI Product Development - The company is actively expanding its AI Agent capabilities, which are expected to enhance user experience and revenue potential [2][12]. - AI products have shown significant efficiency improvements, with a 60% increase in bilateral matching effectiveness and a 40% reduction in recruiters' time spent [2][12]. - The company plans to launch AI accounts with features such as automated chat initiation, which is expected to significantly boost ARRPU [2][12]. Financial Forecasts - The adjusted net profit forecast for 2025 has been slightly lowered to 3.35 billion, a decrease of 4.9%, while the 2026 forecast remains at 4.31 billion [3][4]. - Revenue projections for 2024, 2025, 2026, and 2027 are 7.36 billion, 8.32 billion, 9.55 billion, and 10.89 billion respectively, with corresponding growth rates of 23.6%, 13.0%, 14.9%, and 14.0% [4][17].

Investment Rating - The investment rating for BOSS Zhipin (BZ.O) is "Outperform the Market" [5][13]. Core Views - The report highlights a stabilization and recovery in recruitment demand, with a focus on the progress of AI products. The company reported a 15% year-on-year revenue growth, with an adjusted profit margin of 40% [1][3]. - The company anticipates a Non-GAAP operating profit of 3 billion in 2025, representing a year-on-year growth of approximately 30% [1][3]. - The report emphasizes the company's ongoing user growth phase without large-scale marketing activities, targeting over 35 million users [1][3]. Summary by Sections Financial Performance - In Q4 2024, the company's operating revenue was 1.82 billion, up 15% year-on-year but down 5% quarter-on-quarter, slightly exceeding the company's guidance [1][8]. - The cash bill revenue for Q4 2024 was 1.84 billion, reflecting a 3% year-on-year increase and a 2% quarter-on-quarter increase [1][8]. - The gross margin for the quarter was 83%, with a year-on-year increase of 0 percentage points and a quarter-on-quarter decrease of 1 percentage point [1][8]. - Adjusted net profit for Q4 2024 was 720 million, maintaining a net profit margin of 40% [1][8]. User and Market Dynamics - The platform's monthly active users (MAU) reached 52.7 million in Q4 2024, representing a 28% year-on-year increase but a 9% quarter-on-quarter decrease [2][11]. - The number of paid enterprises increased by 17% year-on-year, totaling 6.1 million [2][11]. - The Average Revenue Per User (ARRPU) for the last 12 months was 1,192 yuan, showing a 5% year-on-year growth [2][11]. AI Product Development - The company is actively expanding its AI Agent capabilities, which are expected to enhance ARRPU. The AI products have shown a 60% improvement in bilateral matching efficiency and a 40% reduction in recruiters' time [2][12]. - The report notes that the AI product for recruiters has been in gray testing for about a year, indicating positive results in operational efficiency [2][12]. Future Outlook - The report projects a slight downward adjustment in the 2025 adjusted net profit forecast to 3.35 billion, a decrease of 4.9%, while maintaining the 2026 forecast at 4.31 billion [3][13]. - The anticipated revenue growth rates for 2025, 2026, and 2027 are 23.6%, 28.8%, and 22.1%, respectively, with corresponding price-to-earnings (PE) ratios of 19.1, 14.9, and 12.2 [3][4].

它将变革的不仅是一辆汽车的座舱， 同时也是一种被向往已久的生活方式。 2025开年，AI大模型领域迅速迎来两波冲击——DeepSeek异军突起，刷新全球对中国AI大模型的技术认知；通用AI Agent产品"Manus"在国内走红，AI应用 层机会爆发在即。 在大模型性能提升、持续降本的趋势中，各类终端厂商终于迎来更大机会落地特定场景的AI Agent。在这背后，车企以更积极的姿态开始拥抱AI技术和功 能。 在汽车行业迈入电动化变革期后，智能化是下一个分水岭已成为行业共识。智能驾驶之外，AI大模型对于智能座舱的深层赋能成为AI 2.0时代汽车智能化的 最大看点。 近日，智己AIOS生态座舱正式发布，在阿里系AI能力支持下进入一个"No Touch＆No App"的新时代，不仅在自然语言理解、多模态感知等层面达成了智能 座舱更高效自然的交互，还以阿里系庞大丰富的本地生活服务接入扩写了汽车的AI生态叙事。 汽车正在演变为人类生活的"第三空间"（指生活与工作之外一种非正式公共空间）。2016年，马云曾直言"未来汽车80%的功能与交通无关"，它将从"交通 ⼯具"进化为"智能终端"，通过操作系统和互联网生态为用户提供综合 ...

范式集团未来将剑指更多业务领域。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，在3月18日举行的范式集团发布会上，范式集团创始人戴文渊发布全新的集团 Logo，并分享了范式集团的 AGI 愿景与实现路径。 戴文渊强调："范式集团未来将用'AI Agent+世界模型'的技术路径去赋能更多的产业，最终将大量 垂直的智能能力汇聚成为 AGI。" 因此， 通往 AGI 的路，就是不断提升 AI Agent 沟通能力，和不断丰富世界模型对各垂直细分领域 的认知，提升 AI 解决垂直领域的能力。 需要强调的一点是，我们所认为的世界模型和很多学者正在做的世界模型不同。当前绝大多数的世界 模型，在我们看来仅仅是3D空间模型，服务于具身智能。而 真正世界模型，远超具身智能的范畴， 包括认知从宏观到微观的世界，也包括认知人的内在需求，甚至包括所有的生命，即物理科学和生命 科学。 此前，我们更专注于企业市场，专注于企业软件中的垂直模型。我们虽然做出了一些成绩，但也意识 到智能的天花板也受限于企业市场。未来，我们要把格局放到整个市场，面向改造所有可能的业务， 当这些能力 ...

企业的AI Agent化需要AI能力和流程能力的共同加持。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，第四范式日前已完成对致远互联的投资。 而在更早的2月下旬，双方宣布战略合作；3月15日，双方联合发布协同运营AI Agent。 "港股决策类AI第一股"第四范式和"科创板协同管理领域第一股"致远互联，两家上市公司如此紧密 的"资本捆绑+战略合作"并深度布局企业AI Agent，意欲为何？ 这里不妨补充一个背景，Manus AI于3月6日爆火，致远互联当日以涨停收盘。除致远互联外，当天 金蝶国际在港股上涨超20%、用友网络在A股同样上涨近10%。 时间再拉长一些，今年2月下旬，金蝶国际、用友网络、致远互联等均连续上涨多日。尤其是，前两 家企业当前的市值突破了500亿元，其中金蝶国际自今年年初以来（截至3月14日收盘，下同）已上 涨82.56%，用友网络自今年年初以来同样已上涨61.79%。 某种程度上而言，这些标的在二级市场的表现一方面证明了"AI+企业管理"的可塑性之强，另一方面 更是预示着AI Agent之于它们的想象空间之大。 放眼全球市场 ...

证券研究报告 | 行业定期报告 2025 年 03 月 16 日 "AI+数据要素"有望挖掘数据变现新潜力 计算机周观察 20250316 TMT 及中小盘/计算机 我们认为 AI 跟数据要素结合有望诞生数据变现新方式，当前国家统筹数据侧、 算力侧基础设施发展，国产 AI 全产业链面临历史性成长机遇，继续重点关注 AI Infra、国产算力、AI 应用、数据要素重点环节等布局机会。 ❑ 风险提示：政策落地不及预期；AI 发展不及预期；行业竞争加剧风险。 推荐（维持） 行业规模 | | | 占比% | | --- | --- | --- | | 股票家数（只） | 283 | 5.6 | | 总市值（十亿元） | 3910.6 | 4.4 | | 流通市值（十亿元） | 3408.9 | 4.2 | 行业指数 % 1m 6m 12m 绝对表现 3.9 90.7 45.0 相对表现 2.2 63.9 32.6 资料来源：公司数据、招商证券 -40 -20 0 20 40 60 Mar/24 Jul/24 Oct/24 Feb/25 (%) 计算机 沪深300 相关报告 1、《国产大模型及 Agent 发力，AI ...

点击上方"公众号"可订阅哦！ 本周观点聚焦 1、本周 观 点： 持续挖掘阿尔法，关注 AI 算力及 eCall 产业变化 2、深度跟 踪 ： eCall潜 在市场有多大？ —eCall 产业跟踪系列二 周观点 持续挖掘阿尔法，关注 AI 算力及 eCall 产业变化 持续挖掘阿尔法投资机会。 正如我们上周观点所述，计算机板块将从强贝塔走向强阿尔法。在当前的时间点，建议从以下三方面挖掘阿尔法： 1 ）业绩超预期， 3 月下 旬至 4 月是财报披露的密集窗口期，年报中的前瞻性指标及一季报的业绩趋势将成为市场关心的重点； 2 ）产业边际变化，包括算力供需端的变化，以及 AI Agent 在 行业端的落地进展； 3 ）政策边际变化，包括货币、财政政策，以及信创招投标景气度变化。 关注 AI 算力产业最新变化。 在国外，英伟达 GTC 大会将于 3 月 17-21 日在美国加州圣何塞举办，预计将正式揭晓新一代 AI 芯片平台" Rubin "的技术细节，建议关 注英伟达产业链核心公司；在国内，腾讯将于 3 月 19 日发布 2024 年报，大厂资本开支趋势对国内算力产业景气度具有重要指引意义。同时，算力租赁正成为市场关 ...

无冕财经 . 奉守"专业主义，内容为王"，为优质的商业阅读而生。多次获评"年度财经自媒体"，入选胡润百富"广州最值得投资的企业"榜单50强，广州市新阶联自媒 体分会副会长单位，入驻全网20多个平台，覆盖1000万+商务人群，中国财经新媒体的中坚力量之一。 以下文章来源于无冕财经 ，作者无冕财经团队 //// 4年内三度换帅，王文京出山也难扭转亏损，曾经软件霸主用友网络，正面临被AI Agent取代的危险。 本文由无冕财经（wumiancaijing）原创发布 作者：谭嘉琳 编辑：陈涧 设计：岚昇 科技公司的打工人 有人欢喜有人愁 科技公司的打工人，有人欢喜有人愁。 这一头，大疆、美的等纷纷敲响"反加班"的锣鼓，HR们还到点逐层"赶人"下班；另一头，国内to B软件一哥用友网络（600588.SH），被传出要将2000名员 工扫出门。 3月10日起，脉脉、小红书等社交平台上有大量传闻，称用友网络将大量撤裁研发、交付部门的员工， 其中研发部门可能裁掉50%以上，而交付部门要将 80%的人转向外包，总共影响人数可能达到2000人 。 网络上有关用友裁员的传言。图片来自脉脉、小红书。 在这背后，是 用友网络亏损难止， ...