"全球大模型第一股"的归属已无悬念。 商业模式上，智谱作为基座模型厂商，其商业模式以MaaS为主。智谱于2021年开始布局MaaS。MaaS类 似于OpenAI与Anthropic的变现方式，交付"通用智能"而非"定制项目"，低成本地将智能赋能于无限场 景，快速实现大模型调用量的scaling。除了MaaS，本地模型部署是智谱的另一收入来源，覆盖B端与G 端客户。 12月30日，智谱宣布开启港股招股，计划于2026年1月8日在港交所主板挂牌。智谱的上市，将填补资本 市场大模型领域标的空白，港股也有望首次迎来一家以AGI基座模型为核心业务的上市公司。 冲线IPO，也是对智谱过去六年从实验室到市场的全链路检验。作为少数全系对标OpenAI的大模型企 业，智谱确立了以通用大模型为核心，以MaaS平台（即大模型API调用）与私有化部署解决方案为双轮 驱动的发展模式。智谱的上市极具"风向标"意义，其后续表现将验证此类发展模式的长期可行性，并为 资本市场评估大模型企业提供关键参照。 基石投资占比近七成 智谱成立于2019年，由清华大学计算机系的技术成果转化而来。据弗若斯特沙利文提供的资料，2024 年，智谱的收入在中国独 ...

Brand Engagement Network (BNAI) shares more than doubled on Dec. 29 after the conversational artificial intelligence (AI) solutions firm secured a sizable contract from a leading ads agency. In its press release, BNAI confirmed that it will develop a custom AI engagement solution for one of the agency’s clients, which is a top-10 pharmaceutical firm. More News from Barchart Despite the cosmic run, Brand Engagement Network stock remains down some 75% year-to-date. www.barchart.com Is It Too Late to In ...

Core Insights - Nvidia is in advanced discussions to acquire Israeli AI startup AI21 Labs, with a potential deal valued between $2 billion and $3 billion, significantly higher than AI21's last known valuation of $1.4 billion from a 2023 fundraising round [2][3]. Group 1: Acquisition Details - AI21 Labs is one of the few Israeli startups focused on large-scale language models for AI [2]. - The company completed a $300 million fundraising round earlier in 2023, led by Nvidia and Google, although it has not officially confirmed this round [3]. - AI21 has been considered a potential acquisition target for Google, but discussions with Nvidia have progressed to senior levels [3]. Group 2: Workforce and Challenges - Nvidia's interest in AI21 is primarily due to its 200-person workforce, which possesses advanced academic qualifications and expertise in AI development [4]. - AI21 has faced challenges in keeping pace with larger AI players and had to pause the development of its consumer-facing AI product, Wordtune [4]. Group 3: Nvidia's Expansion Plans - Nvidia is planning a significant expansion in Israel, including a new R&D campus that could employ up to 10,000 people, with the CEO describing Israel as the company's "second home" [5]. - The acquisition aligns with a trend among major tech companies to deepen AI integration into their products and monetization strategies [5][6]. Group 4: Industry Context - Other tech giants, such as Meta, Google, Amazon, and Microsoft, are also pursuing acquisitions and new models to enhance their AI capabilities [6]. - Recently, Nvidia finalized a $5 billion share purchase in Intel, indicating a broader tech partnership [6][7].

Kenzie Sagalos has more in today's tech check. Hi Mac. Hey Contessa.So Meta entered 2025 as an AI winner, but as the year wraps, the company's direction has started to look less coherent and very expensive. Insiders and industry experts telling my colleague Jonathan Vanian, the strategy has become scattershot, feeding the perception that Meta has fallen further behind rivals whose models are rapidly gaining adoption. CEO Mark Zuckerberg opened the year predicting Llama would become the most advanced model i ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

In a year defined by companies pouring shocking sums of money into AI, one more deal squeaked in just before 2026. Most Read from Fast Company Meta just made a play on Manus, the buzzy Singapore-based company with Chinese roots that turned heads earlier this year when it showed its AI agents executing complex tasks, like hunting for real estate and sorting through resumes. The deal is sure to turn heads too. Manus and its parent company Butterfly Effect are now based in Singapore but were founded in Ch ...

内容来源：本文转载自微信公众号投行圈子(touhangquanzi)，笔记侠经授权转载。转载请联系原公众号授权。 责编| 贾宁 排版| 拾零 第 9362 篇深度好文：4439 字 | 12 分钟阅读 商业趋势 笔记君说： 2025年临近收尾，一场并购引发全球科技圈和资本圈的关注。 一场闪电般的收购将一家中国AI创业公司推向全球科技舞台中央。 2025年12月30日，据《晚点LatePost》独家报道，Meta以数十亿美元完成了对AI应用Manus开发商蝴蝶效应的收购。整个谈判过程异常迅速，仅用了十余 天。 当Meta官宣以数十亿美元拿下AI智能体公司Manus时，整个行业的神经都被触动了——这不仅是Meta成立以来第三大收购案，更被视作AI竞赛从"拼模型 参数"转向"拼应用落地"的标志性事件。 有人说这是扎克伯格砸钱买船票，有人惋惜中国创业公司的"流失"，但这场交易的分量，远不止表面的资本游戏那么简单。 今天我们就扒一扒，这桩并购背后藏着的投资逻辑。 一、为何全网都在盯这场收购？ 首先是谈判速度快得离谱。真格基金合伙人刘元作为Manus的天使投资人，在接受采访时直言"快到还怀疑过这是不是一个假的offer" ...

出品I下海fallsea 撰文I胡不知 2025年12月29日，硅谷创投圈流传着一句扎心的话："现在的AI初创公司，要么在跟巨头谈收购，要么在去谈收购的路上。"前一天，Meta以45亿美元闪电收 购新加坡AI智能体公司Manus的消息正式落地，这桩耗时仅12天的交易，不仅创下Meta年度最大并购案，更让一个争议已久的话题浮出水面：AI初创公司的 结局，是不是注定要委身大厂？ Manus的命运颇具代表性。这家由中国创业者肖弘创办的公司，三年时间从浏览器插件做到年营收1亿美元，被收购前估值20亿美元，最终以2.25倍溢价成 交。更关键的是交易条款：肖弘出任Meta副总裁，团队保留独立运营权，产品品牌继续沿用。这种"被收购却不被同化"的模式，被行业解读为"AI初创公司 依附巨头的最优解"。 但这并非个例。2025年全年，全球AI领域并购交易达262笔，同比激增35%，平均每1.5天就有一家AI初创公司被收购——英伟达以200亿美元拿下AI芯片公 司Groq，OpenAI斥资65亿美元收购硬件厂商io，ServiceNow以28.5亿美元将AI客服初创公司Moveworks收入囊中。与此同时，PitchBook数据显 ...

"十四五"高质量发展创历史佳绩 "十四五"期间，大安区还在乡村振兴、民生发展等方面成绩斐然：以全省第一名创成国家现代农业产业 园，实现了自贡"国字号"农业园区零的突破。五年来，大安区"口袋公园""邮票绿地"达83个；116个老 旧小区加装电梯、增绿添景，焕发新颜，惠及万千居民。 在全省县域经济排名实现跃升，2025年二季度在全省排名位列12名；天府旅游名县复核连续两年进入全 省前10名；以全省第一名创成国家现代农业产业园……回望"十四五"，对自贡市大安区而言，这片曾因 盐兴市、因工立区的热土，正以"追赶跨越"的昂扬姿态，在397.5平方公里的版图上书写着高质量发展 的崭新篇章。 邓莉王汉卿华西都市报-封面新闻记者刘恪生 "哒哒哒……"清晨，自贡市人工智能数据标注基地内，数百名年轻人敲击键盘的声音此起彼伏。这看似 简单的"画框"工作，却是自动驾驶、智慧医疗等前沿AI模型的"营养基"。 从2023年项目签约到首个基地投用仅36天，如今，百度、腾讯、抖音、华为、阿里巴巴等52家相关企业 在大安汇聚，一个"从0到1"的人工智能数据标注产业集群已然崛起。 "十四五"期间，大安区文化、旅游、体育、商业深度融合，奏响了文旅 ...

SoftBank completed its promised $40 billion investment commitment to OpenAI, CNBC reported Tuesday (Dec. 30), citing unnamed sources.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The Japanese investment firm last ...