【文/观察者网专栏作者 心智观察所】 在过去一年里，全球AI软件领域出现了一种颇具象征意义的分化： 一边是Salesforce这样的标准化订阅制SaaS巨头，持续推出AI功能，却面临收入增速放缓、资本市场反 应平淡； 另一边则是Palantir——一家起家于政府与情报系统、长期以"定制化""重交付"著称的公司，却在AI应用 浪潮中实现收入加速与股价重估。 这一对比背后，隐藏的是一个更深层的变化：AI正在改变软件的价值交付方式。在这个背景下，中国 的第四范式，正越来越多地被拿来与Palantir相提并论。 为什么AI时代重新"奖励"Palantir这样的公司？ 先简单交代背景。 Palantir是一家美国软件公司，最早为政府、军方和情报机构提供数据分析系统，其核心产品并不是某 个具体应用，而是把分散的数据、模型和业务流程整合成一个"决策操作系统"。后来，它把同样的能力 推广到医疗、制造、能源等行业，用于支持复杂决策和跨系统协同。 近年来Palantir接连拿到大型政府与企业合同，例如被报道的与美国陆军达成的长期企业级协议（未来 十年上限约100亿美元）以及面向海军舰船供应链和核潜艇项目的数亿美元合同。这些都不是 ...

Core Viewpoint - The article discusses the rapid growth of "pick-and-shovel" companies in the AI sector, suggesting that these companies may offer better investment opportunities than traditional AI firms like OpenAI, Microsoft, and Alphabet due to their impressive revenue and profit growth rates [1][2]. Revenue Growth - Alphabet has increased its trailing-12-month (TTM) revenue by 37.3% over the last three years, while Microsoft has seen a TTM revenue growth of 44% during the same period [4]. - In contrast, Vertiv Holdings has experienced a TTM revenue growth of 70.4%, and Arista Networks has achieved a remarkable 92.8% growth over the same timeframe [6]. Profit Growth - Microsoft’s net income has grown by 55.5% since December 2022, and Alphabet's net income has more than doubled, with a three-year growth of 107.2% [9]. - Arista Networks has reported a net income growth of 148.2%, while Vertiv has seen an extraordinary 1,250% increase in net income over the same period [9][10]. Market Valuation - Vertiv is trading at 40.6 times forward earnings, and Arista at 45.8 times forward earnings, compared to Microsoft and Alphabet, which are valued at approximately 30 times and 29.7 times forward earnings, respectively [12]. - The higher valuations for companies like Vertiv and Arista indicate investor confidence in their growth potential within the AI infrastructure space [13]. Investment Strategy - Investors are encouraged to monitor "pick-and-shovel" AI companies for potential short-term price dips that may present attractive buying opportunities as the AI buildout continues [14].

Market Overview - U.S. stocks experienced small gains on the first trading day of 2026, with the S&P 500 rising 12.97 points, or 0.2%, to 6,858.47, following a gain of over 16% in 2025 [1] - The Dow Jones Industrial Average increased by 319.10 points, or 0.7%, to 48,382.39, while the Nasdaq composite fell 6.36 points, or less than 0.1%, to 23,235.63, impacted by losses in Microsoft and Tesla [2] Technology Sector - The technology sector, particularly companies focused on artificial intelligence, was a significant driver of market activity, continuing the trend that led to record highs in 2025 [2][4] - Nvidia saw a 1.3% increase, contributing positively to the market, while Microsoft experienced a 2.2% decline, and Tesla dropped 2.6% due to falling sales for the second consecutive year [3] Company Developments - Alibaba's stock rose by 4.3%, and Baidu's stock jumped 9.4% in Hong Kong after announcing plans to spin off its AI computer chip unit Kunlunxin, with a potential listing in Hong Kong in early 2027, pending regulatory approvals [5] - Furniture companies gained following President Trump's decision to delay increased tariffs on upholstered furniture, with RH rising 8% and Wayfair increasing by 6.1% [4] Commodity Prices - Crude oil prices remained stable, with U.S. crude oil prices falling 0.2% to $57.32 per barrel and Brent crude also decreasing by 0.2% to $60.75 per barrel [5]

你的视频推荐流，正在被AI"吞噬"。 这不是危言耸听，正经新调查发现： YouTube算法向新用户展示的视频中，有超过 20% 的内容是 AI制造 的低质量视频。 再扎心点说就是，我们平时在YouTube刷到的每5条视频中，可能有1条就是AI随手糊出来的。（不活了.jpg） 梦瑶 发自 凹非寺 量子位 | 公众号 QbitAI 不仅如此，这样没啥营养的AI小视频还在逐渐 产业化 ，甚至被做成了一门越——滚——越——大的《生意》。 好好好，这个世界到底还有什么是真实的啊！！！ 当AI低质量视频开始按"产量"出现 结论来自美国的一家创意软件公司Kapwing。 他们调查了全球15,000个最受欢迎的 YouTube 频道，结果您猜怎么着： 其中278个频道的内容几乎全部由AI生成……（纯·AI原创）。 对了，Kapwing并不是把所有AI产的内容都视作低质量，而是做了进一步区分，主要分三类： 第一类，是几乎 未经审核、直接被丢进平台 分发系统的AI生成内容。 第二类，是虽然经过审核，但只 勉强踩在最低质量线 上的AI内容（哪怕它是可口可乐的AI圣诞广告）。 第三类更激进，指的是所有被 大规模 、 低成本生产 出来 ...

Core Viewpoint - The article suggests that despite skepticism surrounding AI investments, Apple remains a strong stock option due to its business model and performance, which are less dependent on AI compared to other tech companies [1][5]. Group 1: AI Market Context - The AI boom has significantly influenced stock market gains, with AI-related stocks contributing to 75% of S&P 500 returns since the launch of ChatGPT in November 2022 [2]. - Major tech companies are investing heavily in AI infrastructure, with hundreds of billions of dollars allocated to high-powered chips and data centers [2]. - Recent skepticism has emerged regarding the profitability of AI investments, highlighted by an MIT study indicating that 95% of generative AI projects failed to deliver measurable ROI [3][4]. Group 2: Apple's Position - Apple is not categorized as an "AI company" like Oracle or Nvidia, as it spends less on AI and does not rely on AI's future potential for its business model [6][7]. - The company has avoided the costly AI arms race, focusing instead on its core business of selling devices [8]. - Apple's stock has increased by approximately 33% over the past six months, outperforming the S&P 500 and major AI stocks [9]. Group 3: Financial Performance - In fiscal year 2025, Apple achieved record revenue of $416 billion, with a fourth-quarter revenue of $102.5 billion, marking an 8% year-over-year increase [11]. - iPhone revenue rose by 6% year-over-year, setting a new record for the September-ended quarter [11]. - Services revenue grew by 15% year-over-year, with a gross margin of about 75%, indicating a shift towards higher-margin digital services [12][13]. Group 4: Future Outlook - Apple anticipates 10%-12% revenue growth in Q1 2026, driven by double-digit growth in iPhone sales during the holiday season [14]. - Analysts have raised EPS estimates for Apple to $2.67 for the current quarter, reflecting positive investor sentiment [14]. - Despite a price-to-earnings ratio of 34, Apple may appear more attractive compared to high-priced AI stocks if AI investments do not yield quick returns [15]. - Apple is well-positioned for sustained profitability, regardless of the potential AI bubble [16].

还在沉迷于鲁大师的百万跑分？其实注重CPU性能的玩家可以关注一下CineBench这个软件，同样免费 而且口碑不错。这不，Maxon 正式发布了CineBench 2026，带来了渲染引擎升级、测试压力倍增、硬件 支持扩容等一系列更新。 当然，CineBench2026的分数与此前的版本（包括2024，R23等等）完全不具备可比性。Maxon解释，这 是由于渲染引擎、测试算法的全面优化，使得新版软件对现代硬件的评估维度更精准，用户在对比性能 时需聚焦同版本测试结果，避免跨版本误判。 在处理器支持方面，新版软件全面兼容Intel、AMD、NVIDIA、苹果、高通的最新处理器，而在显卡方 面，CineBench 2026还纳入了 NVIDIA Hopper/Blackwell 数据中心 GPU、AMD Radeon Pro 专业显卡， 但仍未加入对 Intel 显卡的支持。 聊到这里，大家更关注的问题可能是，谁更需要 CineBench 2026呢？ CineBench依托 Cinema4D的默认渲染引擎Redshift，通过模拟专业3D渲染任务，精准衡量硬件的实际运 算能力，而非单纯的理论性能。此次CineBe ...

Rep. Marjorie Taylor Greene (R-Ga.) is one of the most followed members of Congress when it comes to tracking stock trading activity, thanks to years of strong returns. Microsoft Corp (NASDAQ:MSFT) co-founder Bill Gates is one of the richest people in the world and also owns a portfolio of stocks in the Gates Foundation Trust. Here’s a look at five stocks that appear in both Greene's investment portfolio and the Gates Foundation Trust. The 5 Shared Stocks The Benzinga Government Trades page for Greene s ...

Company Overview - Figma and UiPath both leverage artificial intelligence to enhance workflows and automate repetitive tasks, with Figma focusing on UI/UX design tools and UiPath specializing in robotic process automation [1] - Figma went public at $33 and currently trades at approximately $37, while UiPath went public at $56 and now trades around $16 [2] Figma's Growth and Financials - Figma's cloud-based tools are lightweight and scalable, allowing for collaborative work among multiple users [4] - The company offers a free tier for individuals and small teams, and a paid tier for larger organizations, with 95% of Fortune 500 companies using its services [5] - In 2024, Figma's revenue increased by 48% to $749 million, with a net loss of $732 million, compared to a net profit of $738 million in 2023 [7] - The number of customers generating over $10,000 in annual recurring revenue grew by 45% to 10,517, and the net dollar retention rate for this cohort increased by 12 percentage points to 134% [7] - Analysts project Figma's revenue to grow at a CAGR of 27% from 2024 to 2027, reaching $1.53 billion, while narrowing its net loss to $331 million [9] UiPath's Growth and Financials - UiPath serves over 60% of Fortune 500 companies and is the leading company in robotic process automation [10] - From fiscal 2021 to fiscal 2025, UiPath's revenue grew at a CAGR of 24%, reaching $1.4 billion, but growth slowed to just 9% in recent fiscal years [11] - Analysts expect UiPath's revenue to grow at a steady CAGR of 10% from fiscal 2025 to fiscal 2028, reaching $1.88 billion, with profitability anticipated in fiscal 2026 [14] - UiPath is focusing on cost-cutting and streamlining operations to stabilize margins and profits, while the RPA market is expected to grow at a CAGR of 43.9% from 2025 to 2030 [15] Investment Considerations - UiPath is viewed as a more compelling investment due to its rising profits and lower valuation compared to Figma, which faces challenges in balancing growth and spending [17] - Figma's enterprise value is nearly $17 billion, trading at 13 times this year's sales, while UiPath's enterprise value is $7.34 billion, trading at four times its fiscal 2026 sales [9][16]

Core Viewpoint - The article emphasizes the ease of developing WeChat mini-programs without any coding knowledge, utilizing a modern visual drag-and-drop platform for quick and personalized program creation. Group 1: Development Process - The first step involves selecting a mini-program creation platform, such as "Maqiuzhizhi," and registering an account, choosing the product type as a mall [1]. - The second step includes utilizing over 2000 industry templates provided by the platform for visual editing and customization [5]. - The third step focuses on product management, allowing for bulk or individual addition of products [11]. - The fourth step is about setting up marketing features in the marketing center, enabling users to configure them as needed [12]. - The fifth step requires applying for mini-program account certification [15]. - The sixth step involves enabling WeChat Pay to complete the transaction loop [15]. - The seventh step is to conduct mini-program filing [17]. - The eighth step is the official release of the mini-program [18]. Group 2: Features and Customization - Navigation components help users quickly locate different pages, enhancing the usability of the mini-program [20]. - Form components can be used to collect user feedback and facilitate interaction between businesses and users [20]. - The platform allows businesses to create unique mini-programs that reflect their brand identity without needing technical skills [20]. - The SaaS mini-program mall creation method is highlighted as a cost-effective and efficient choice for many businesses [21]. - The platform offers a variety of font options to enhance readability and aesthetic appeal, allowing businesses to align text with their brand style [21]. - Businesses can reinforce their brand identity by adding logos, promotional images, and text descriptions within the mini-program [21].

Core Viewpoint - Monday.com Ltd. is recognized as a promising investment opportunity in the NASDAQ market for 2026, with varying price targets from different financial institutions reflecting a stable yet uncertain demand environment for software applications [1][3]. Group 1: Price Target Adjustments - Citi lowered its price target for Monday.com to $293 from $319 while maintaining a Buy rating, indicating a cautious outlook amid stable but uncertain demand [1]. - Tigress Financial raised its price target for Monday.com to $310 from $295, also maintaining a Buy rating, suggesting the company is solidifying its position as a leader in AI-native Work OS [3]. - BTIG initiated coverage with a Buy rating and set a price target of $210, emphasizing the company's evolution beyond its initial work management focus [2]. Group 2: Company Growth and Strategy - Monday.com is expanding its product suite, which now generates approximately $133 million in Annual Recurring Revenue (ARR), accounting for 10% of total revenue, and is growing at an impressive 84% year-over-year [2]. - The company is accelerating its go-to-market strategy by targeting larger enterprise clients and maintaining high customer retention, positioning itself for a broader market presence [2]. - The recent market reaction to revised sales expectations is viewed as a significant buying opportunity for investors, highlighting the company's growth potential [3]. Group 3: Company Overview - Monday.com Ltd. develops software applications across various regions, including the US, Europe, the Middle East, Africa, and the UK, indicating a broad international presence [4].