Jim Cramer, the host of Mad Money, said Thursday that consumer-focused stocks pushed the market higher even as major technology names dragged on performance. “The consumer cavalry got here just in time to give us what looks to be the beginning of a Santa Claus rally. That’s the only way to describe what worked today. Everything involving consumer spending couldn’t come at a better time because tech’s been faltering. We needed something big to replace it… Let me set the scene. For most of the year, we’ve had ...

AI手机的技术路线已形成鲜明分野。 12月19日，字节跳动在联合中兴努比亚推出"豆包手机"nubia M153后再传扩围动作——正与vivo、联想、传音等厂商推进AI手机合作。 以"豆包手机"为代表的阵营，凭借读屏、模拟点击等GUI（图形用户界面）技术，试图让AI助手突破应用壁垒完成复杂任务，却引发主流App集体"自卫"。 反观海外，苹果、谷歌主导的阵营，则坚持API（应用程序接口）标准化路线，虽稳健却进展迟缓。 | 陆 | 模型 | 机 25 | 功能 | | --- | --- | --- | --- | | | | | 1.豆包手机助手直接 | | 字节跳动 | 豆包 | 中兴努比亚M153 | 嵌入手机操作底层 | | | | | 2.能以用户身份操作 | | | | | 各款App | | 智谱华章 | AutoGLM | 手机厂商可自由整合 | 1.支持跨应用长流程 任务,如订外卖、订 | | | | 到系统 | 机票、跨平台比价购 | | | | | 物等 | | | | | 1.配备多种AI功能, 如图像修改,智能视 | | 谷歌 | Gemini Nano | 最新型号Pixel 10 | ...

外媒称，用户在非常黑暗的环境下拍摄照片时，得到的照片往往充满了颗粒感和噪点。当图像传感器无 法捕捉到足够的光线时，就会发生这种情况。 为了弥补这一缺陷，像苹果这样的公司一直在应用图像处理算法，但这些算法因产生过于平滑、类似油 画的效果而受到批评，在这种效果中，精细的细节消失或被重建成几乎无法辨认的效果。 此次苹果与普渡大学的研究团队推出了一种名为DarkDiff的新型 AI 模型。该研究并未沿用传统的后期 修图思路，而是通过将基于扩散模型直接集成到相机的图像处理流程中，显著改善了极暗环境下的照片 质量。（思瀚） 来源：环球网 【环球网科技综合报道】12月20日消息，据9to5mac报道，为解决极低光照环境下的拍摄难题，苹果公 司开发了一种名为 DarkDiff的人工智能模型。 ...

翻译硬件在消费电子领域一直是一个非常特殊的存在：它解决的是现实中非常真实的跨语言交流问题，但对应的却是一个相对低频、强场景化的使用环境。 对大多数人来说，翻译设备并不是日常生活中「离不开的东西」，而更像是在出国、商务交流、跨文化沟通等特定时刻才会被想起的工具。 也正因为这种低频属性，翻译硬件行业在过去很多年里始终存在一个难以回避的矛盾： 厂商希望把它做成大众产品，建立稳定的消费市场；而用户却始终只在特殊场景下使用它，很难形成持续复购和自然换代。 图片来源：Google 在雷科技看来，这种情况不能归咎于厂商不努力拓展市场，而是翻译硬件的产品逻辑本身就容易「撞墙」。 在翻译机时代，核心卖点无非几件事：翻译准、支持语言多、离线可用。但随着手机翻译 App 的成熟，这些优势逐渐被消解——语言数量在增长、模型在 更新、离线包也能随时下载。相比之下，专用翻译设备很难给用户一个「必须购买」的理由。 不过在 2025 年，翻译硬件这个长期处于边缘位置的品类，终于等来了转机。只不过这种变化并不是来自需求端的爆发，而是源于产品侧的升级：随着 AI 翻译能力的快速演进，翻译质量迎来了质的飞跃；更重要的是，翻译开始被拆解为一种能力， ...

Group 1 - Apple responds to concerns about iPhone storage issues, stating that users should maintain at least 1GB of free space for optimal performance [3][4] - ByteDance is advancing partnerships with hardware manufacturers like Vivo and Lenovo to develop AI phones, aiming to pre-install AIGC plugins [4] - Alibaba's DingTalk has initiated a secret project called "D Plan," potentially targeting AI hardware, with speculation about launching a product similar to "Doubao phone" [4] Group 2 - Over 500 stores of Mooson Milk have closed, with the founder Zhao Bohua completely exiting the company [6] - SF Express has confirmed its exit from the Douyin e-commerce return service, stating that the contract naturally expired [6] - XREAL won a lawsuit against VITURE for patent infringement, leading to a ban on VITURE products in nine European countries [6] Group 3 - Li Auto has restructured its supply chain department, merging the "Parts Cluster" into the "Manufacturing" department, with nearly 1,000 employees affected [7] - Xiaomi has obtained an L3 level road testing license for its autonomous vehicles in Beijing [7] - Neta Auto is undergoing bankruptcy restructuring, with a management trustee selected to oversee the process [7] Group 4 - Apple's first foldable phone, iPhone Fold, is delayed in mass production until the second half of 2026, with potential supply shortages expected [9] - SoftBank is racing to fulfill its $22.5 billion funding commitment to OpenAI by the end of the year [9] - Elon Musk predicts the gradual extinction of traditional fuel vehicles, emphasizing the future competitiveness of smart vehicles [9] Group 5 - Ford is recalling over 270,000 electric and hybrid vehicles in the U.S. due to parking function issues that could lead to rollaway risks [9] - Geely's autonomous driving unit is undergoing personnel changes, with key scientists leaving the company [9] - ChatGPT mobile app user spending has surpassed $3 billion, with projections for significant growth in the coming years [9] Group 6 - Meta's former chief AI scientist Yann LeCun plans to raise €500 million for his new AI startup, aiming for a valuation of around €3 billion [12] - OpenAI is reportedly planning to raise up to $100 billion, potentially reaching a valuation of $830 billion [12] - Galaxy Z TriFold, Samsung's new foldable phone, has launched in China, starting at ¥19,999 [18]

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 事件 ： 12月17日，小米集团举办2025年"人车家全生态"合作伙伴大会，核心亮点集中于大模型技术突破、全生 态协同深化与开放生态扩容。 软件体系：技术底座+开源生态，打通 AI 协同链路 1)澎湃OS 3: 于2025年8月发布，作为生态协同核心底座，实现四大能力升级。①全生态应用方面，超级 岛功能接入60+应用、适配70+场景，支持一次适配多终端展示，已适配应用安装量达1.28亿；②互联能 力方面，小米已构建日活4.1亿的庞大互联生态，日均互联操作超2.7亿次，实现跨苹果、Windows生态的 无感互联，支持云相册同步、跨设备解锁等刚需功能；③智能体验方面，小米的系统级AI功能渗透率持续 提升，在手机与平板端的月活用户达1.2亿、 ...

Antitrust Regulation Impact - Antitrust regulators' decision to block Amazon's acquisition of iRobot has inadvertently bolstered Chinese robotic competitors [1] - The decision may lead to job losses in the US and a shift of these jobs overseas [1] Competitive Landscape - The strengthened Chinese robotic competitors now pose a greater challenge in the robotics market [1]

从区域看，成都是消费核心，离境购物退税人次、销售额占比均超99%，成都春熙路、SKP等现 代核心商圈贡献了绝大部分的退税销售额。退税起退点下调和退税商店加快布局，对中小商户带 动明显，德阳三星堆、乐山大佛景区商店等开单量均远超往年。 从品类看，名牌箱包、珠宝手表等国际品牌销售额占比较高。"中国制造"表现抢眼，小米手机、 智能手表、大疆无人机销售笔数同比增长728%、销售额同比增长176%，占整个3C类产品销售笔 数的62%。川茶等"四川造"商品销售笔数同比增长218%，销售额是去年同期的13倍。 ●销售规模位居全国第四，全省境外旅客申请离境退税人次同比增长284% ●在川购物享受离境退税旅客来自122个国家（地区），比去年增加56个国家（地区） 本报讯（四川日报全媒体记者史晓露）12月19日，记者从国家税务总局四川省税务局获悉，前11 月，四川省退税商品销售额同比增长超142%，销售规模位居全国第四，仅次于上海、北京和广 东；全省境外旅客申请离境退税人次同比增长284%。 从客源看，今年在川购物享受离境退税旅客来自122个国家（地区），比去年增加56个国家（地 区）。中国港澳地区旅客购买力最强，消费金额居首位 ...

Both my son, 34, and daughter, 27, are well accomplished. Each has a master’s degree in the computer-science area and each is employed and living in their own condos that we helped them attain with the down payment. Neither is married yet. We both plan to take up the Social Security benefit at 70. My wife apparently can’t do the spousal benefit because her own benefit would be higher than half of mine. My wife has her own IRAs from her work and we do have a joint investment account with Charles Schwab and a ...

FRONTRUNNER TO BE LEAD UNDERWRITER FOR WHAT WOULD BE THE LARGEST IPO EVER ON EARTH. >> OR EVEN IN SPACE. YEAH.WELL, TURNING NOW TO APPLE. IT HIT A RECORD HIGH RECENTLY, BUT THE STOCK HAS LAGGED MUCH OF THE YEAR COMPARED TO MAG-7 PEERS. SO WILL IT BREAK OUT OR LAG AGAIN IN 2026.LET'S ASK CRAIG MOFFETT FROM MOFFETT NATHANSON. CRAIG ISN'T WHAT REALLY MATTERS HERE. IF APPLE COMES OUT WITH APPLE INTELLIGENCE THIS TIME AND IF IT DELIVERS AS EXPECTED.>> HEY JOHN, I'M NOT SURE ABOUT THAT, ACTUALLY. LOOK, IT LAGGED ...