根据国泰君安的研报，自从 DeepSeek 爆火之后，接入他们大模型的需求在短时间内迅速增加。从 2 月初至 今，腾讯、百度、阿里等互联网大厂，不仅在各自的云计算平台上线了 DeepSeek 模型。在直接面向用户的 业务上，即使这些巨头都拥有自己的大模型，但依然让旗下的部分应用接入了 DeepSeek。其中，包括月活 跃用户量达 13.8 亿的微信，以及曾因广告收入受影响、对 AI 搜索存在顾虑的百度。 除了互联网大厂，吉利、一汽大众等几十家车企、华为等主流手机厂商、三大电信运营商，也都在短时间 内完成了接入。甚至有些银行、券商、公募基金，以及国内部分地区的各类政府部门，也加入了这个行 列。比如，有些银行把 DeepSeek 应用到了面向用户的智能客服上。深圳、广州、呼和浩特、无锡等地的政 府，也宣布在政务系统中接入了 DeepSeek 模型，希望提升政务办公效率和群众办事体验。 那么，从汽车品牌到券商甚至政府，为什么大家纷纷都想要接入 DeepSeek？ ▲ 近日，吉利汽车正式官宣其自研大模型与 DeepSeek 已完成深度融合。| 图源：吉利汽车集团微信公众号 财新的报道指出，腾讯等大厂积极接入 Deep ...

环球市场动态 美 国 通 胀 下 半 年 存 反 弹 隐 忧 股 票 中国股市周二回调，A 股窄幅震 荡，港股情绪偏弱，市场观望特朗 普关税下一步走向；欧洲股市周三 收高，从近期跌势中反弹，市场对 乌克兰可能停火及美国 CPI 数据作 出积极反应；美股科技股推动反 弹，通胀数据缓解经济忧虑。 外 汇 / 商 品 俄乌冲突持续，加上美国公布最新 汽油日均需求为 11 月份以来最 高，周三国际油价上 2%；美国 CPI 数据温和，投资者正在评估美 国经济前景和美联储的利率路径， 伦铜走高，金价上升。 固 定 收 益 美国短期国债领跌，尽管 CPI 数据 温和，但市场对美联储降息的押注 继续减弱。美国 10 年期国债发行中 标收益率低于发行前交易水平。亚 洲投资级债券相对平稳，流动较轻。 产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 2025 年 3 月 13 日 .s 入 a. 竹 ▪ 美国 2 月通胀增速全面低于预期和前值，总体 CPI 环比升 0.2% (前值 0.5%)，核心 CPI 环比升 0.2% (前值 0.4%)，总体 CPI 同比升 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry [25]. Core Insights - The domestic market showed signs of recovery with the Shanghai Composite Index closing at 3379.83 points, up 0.41%, and the Shenzhen Component Index at 10861.16 points, up 0.33% [4][9]. - Among 30 sectors, 25 experienced gains, with notable increases in defense, food and beverage, and agriculture sectors, while automotive, electronics, and comprehensive finance sectors faced declines [4][9]. - The total trading volume for the A-share market was 15,198 billion, slightly down from the previous day [4][9]. - The U.S. stock market saw all three major indices decline, with the Dow Jones falling 1.14% and Apple shares dropping nearly 3% [2][4]. Summary by Sections Domestic Market Overview - The market experienced a rebound with the Shanghai Composite Index rising by 13.67 points and the Shenzhen Component Index increasing by 35.46 points [4][9]. - The ChiNext Index rose by 0.19%, while the Sci-Tech 50 Index fell by 0.4% [4][9]. - A total of 2881 stocks rose, while 2282 fell, indicating a generally positive market sentiment [10]. Overseas Market Overview - The U.S. stock indices all closed lower, with the Dow Jones down 478.23 points and the Nasdaq down 32.22 points [2][4]. - Chinese concept stocks saw a rise, with notable increases in Hesai Technology and Zeekr [2][4]. News Highlights - The China Securities Regulatory Commission emphasized the need to consolidate the market's recovery momentum and enhance strategic reserves [3][13]. - There is a noted acceleration of foreign capital inflow into Chinese assets, particularly from South Korean investors [16][17]. - The automotive market is becoming increasingly competitive with multiple new models launched simultaneously [18][19].

Investment Rating - The report suggests a cautious but optimistic outlook for the A-share market in 2024, indicating a potential for structural opportunities to increase compared to 2023 [1][2] Core Views - The report identifies three main perspectives on the A-share market: 1. The market is expected to stabilize, avoiding extremes of caution or exuberance seen in previous years [1] 2. Market fluctuations are anticipated to be more frequent but with smaller amplitudes, with a better environment expected in the second half of the year [2] 3. The importance of bottom-up stock selection is expected to rise, contrasting with the previous year's focus on top-down macro strategies [3][4] Summary by Sections Market Outlook - The report posits that the significant market bottom occurred in September of the previous year, with limited chances of returning to that level in the next 1-2 years [1] - It anticipates a return to normal risk preferences, with structural opportunities likely to increase in 2024 [1] Market Rhythm - The report notes that the market's rhythm in the previous year was characterized by significant ups and downs, while this year is expected to have quicker changes with smaller fluctuations [2] - The second half of the year is projected to have a better market environment compared to the first half [2] Asset Allocation - The report emphasizes a shift from top-down macro strategies to bottom-up stock selection, indicating that last year's major events have already occurred, leading to a focus on ongoing trends rather than new turning points [3] - It highlights three key investment themes for the year: 1. Not all growth stocks are worth buying, with a focus on technology growth in the first half and renewable energy manufacturing in the second half [4][11] 2. Some resilient external demand should still be considered [11] 3. Dividend assets are viewed as offering structural opportunities rather than a broad trend [12] Sector Performance - The report indicates that the technology, media, and telecommunications (TMT) sector has seen significant trading volume, accounting for approximately 46% of the A-share market recently [6] - It draws parallels to the market conditions of 2013, where the overall index remained flat while certain sectors, like the ChiNext, experienced substantial growth [6][10] Policy Support - The report suggests that policy support will continue to be a trend, with themes such as mergers and acquisitions, restructuring, and debt repayment expected to remain relevant [13]

Core Viewpoint - Deutsche Telekom is developing an "AI Phone" in collaboration with companies like Perplexity and Picsart, aiming to integrate AI capabilities into a low-cost smartphone targeted at the European market, with a launch planned for the second half of this year and a price under $1000 by 2026 [1][2][4]. Group 1: Product Development - The AI Phone will feature a new AI assistant application called "Magenta AI," which will be available for existing Deutsche Telekom customers on Android and iOS devices [6]. - Perplexity, valued at approximately $9 billion, plays a crucial role in the phone's development, transitioning from a passive answering machine to an active assistant capable of performing tasks like booking flights and sending messages [2][3][7]. - The phone is expected to incorporate AI services from Google Cloud, ElevenLabs, and Picsart, enhancing user experience through proactive assistance [4][6]. Group 2: Market Context - The initiative reflects a broader trend among telecom operators to compete more effectively with tech giants like Apple and Google, who have historically dominated the smartphone market and limited telecom companies' roles [3][4]. - Deutsche Telekom's move into AI-driven hardware represents a strategic effort to strengthen its consumer presence in a highly competitive market, where traditional companies are increasingly viewing AI as a potential solution to regain market relevance [6][7]. - The collaboration with Perplexity marks a significant step for both companies, as they seek to differentiate themselves in a crowded market where even established players like LG have exited [7].

- The report primarily focuses on market liquidity, investor behavior, and fund flows, with no explicit mention of quantitative models or factors for analysis [3][5][6] - The data includes metrics such as market valuation ratios (e.g., PE, PB), trading activity (e.g., turnover rates), and fund flows (e.g., ETF inflows/outflows, financing balances), but these are descriptive statistics rather than constructed quantitative factors or models [12][15][47] - The report highlights external influences like foreign capital flows, AH premium trends, and macroeconomic indicators (e.g., US-China interest rate spreads), but these are not tied to specific quantitative factor construction or model testing [50][56][70]

以下文章来源于新浪科技 ，作者努力码稿的小浪 新浪科技 . 一手掌握，科技"鲜"闻 企业排队祝贺。 作者 | 郑峻 来源 | 新浪科技 （ID：techsina） 拿破仑的笑话永不过时。特朗普正在回到他忠诚的白宫，而曾经摒弃他的硅谷科技巨头 们，如今正在争先恐后地向特大总统表忠心献巨金。 企业巨头排队祝贺 从Meta到亚马逊，从OpenAI到Perplexit y AI，科技行业的企业巨头、独角兽乃至亿 万富翁们正在排着长队捐出百万美元，为后者的就职典礼出钱出力。 时代周刊年度人物 在上个月的美国总统大选中，前任总统、共和党候选人特朗普以明显优势压倒现任副总 统、民主党候选人哈里斯，第二次当选美国总统。能在下台之后再次当选总统，特朗普 是百年来的第一人。 虽然大选之前的民调显示，两人的支持率不相上下，但结果却令人大跌眼镜：特朗普以 明显优势地横扫了全部七个摇摆州，为重返白宫奠定了胜局。与2016年大选一样，民调 结果再次对特朗普失效了。而且，他还成为了过去二十年首位赢得普选票的共和党候选 人。 再次当选之后，特朗普的人生立刻重回巅峰。作为新任总统，他不仅一举摆脱了联邦层 面的诸多诉讼(在职总统享受豁免权)，更 ...

股票简称：海看股份 股票代码：301262 海看网络科技（山东）股份有限公司 Hicon Network Technology（Shandong）Co.,Ltd. （山东省济南市经十路 18567 号新广电中心大楼六楼） 首次公开发行股票并在创业板上市 之 上市公告书 保荐人（主承销商） （济南市市中区经七路 86 号） 二零二三年六月 特别提示 海看网络科技（山东）股份有限公司（以下简称"公司""本公司""发行 人"或"海看股份"）股票将于 2023 年 6 月 20 日在深圳证券交易所创业板上市， 该市场具有较高的投资风险。 创业板公司具有业绩不稳定、经营风险高、退市风险大等特点，投资者面临 较大的市场风险。本公司提醒投资者应充分了解股票市场风险以及本公司披露的 风险因素，在新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与《海看网络科技（山 东）股份有限公司首次公开发行股票并在创业板上市招股说明书》（以下简称"招 股说明书"）中的相同。本上市公告书中的报告期均指 2020 年度、2021 年度和 2022 年度。 本上市公告书数值通常保留至小数点 ...

A 创业板投资风险提示：本次发行股票拟在创业板上市，创业板公司具有创新 投入大、新旧产业融合存在不确定性、尚处于成长期、经营风险高、业绩不 稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解 创业板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 海看网络科技（山东）股份有限公司 Hicon Network Technology（Shandong）Co.,Ltd. （山东省济南市经十路 18567 号新广电中心大楼六楼） 首次公开发行股票并在创业板上市 招股说明书 保荐人（主承销商） （山东省济南市市中区经七路 86 号） 发行概况 1-1-1 海看网络科技（山东）股份有限公司 招股说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行 承担股票依法 ...

海看网络科技（山东）股份有限公司 发行公告 首次公开发行股票并在创业板上市 保荐人（主承销商）：中泰证券股份有限公司 特别提示 根据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司行业 分类指引》（2012 年修订），海看网络科技（山东）股份有限公司（以下简称"海 看股份"、"发行人"或"公司"）所属行业为"I63 电信、广播电视和卫星传输服务 业"，中证指数有限公司已经发布的行业最近一个月静态平均市盈率为 23.36 倍 （截至 2023 年 6 月 5 日，T-4 日），本次发行价格 30.22 元/股对应的发行人 2022 年扣除非经常性损益前后孰低的摊薄后市盈率为 33.75 倍，高于中证指数有限公 司发布的行业最近一个月平均静态市盈率（23.36 倍），超出幅度为 44.48%， 亦高于可比公司 2022 年扣除非经常性损益后归属于母公司股东净利润对应的平 均静态市盈率（26.88 倍），超出幅度为 25.56%，存在未来发行人股价下跌给 投资者带来损失的风险。 发行人和保荐人（主承销商）提请投资者应当充分关注定价市场蕴含的风 险因素，知晓股票上市后可能跌破发行价，切实提高风险意识，强化价 ...