"我清空了美股，但我绝不会卖掉金银铜。" 在全球金融局势波谲云诡的2026年开年，现年84岁的"商品大王"吉姆·罗杰斯（Jim Rogers）给出了他的 生存指南。 这位传奇投资家26岁只身闯荡华尔街，早在上世纪80年代就以精准抄底奥地利股市而一战成名，并曾准 确预测1987年全球股灾和2008年美国次贷危机。 2025年12月，吉姆·罗杰斯再次对全球经济发出警告。他认为，美国作为世界历史上最大的债务国，其 高达38万亿美元的国债规模正将国家引向深渊，并预言下一次危机将是他"一生中见过的最惨烈的一 次"，其根源在于全球令人窒息的债务规模。 2026年2月6日，《每日经济新闻》记者（以下简称NBD）对吉姆·罗杰斯进行了专访。在访谈中，他详 细阐述了自己对潜在危机的看法、具体的避险策略以及看好金属的底层逻辑。 面对潜在的危机，吉姆·罗杰斯透露，他已经清空了全部美股持仓，转而将黄金、白银和铜等实物商品 视为"完美的保险单"，并计划将其作为遗产留给后代。 谈商品：金银铜是"避难所"，不交易、只持有 NBD：2026年开年以来，国际金价剧烈波动，你怎么看？ 吉姆·罗杰斯：我建议每个人都应该在手里握有一些黄金和白银。因为 ...

Group 1 - The Shenzhen Municipal Political Consultative Conference successfully completed its agenda, receiving 744 proposals, with 620 officially filed, resulting in a filing rate of 83% [1] - The proposals focus on strategic deployments and key tasks for the "14th Five-Year Plan," emphasizing Shenzhen's role in the Guangdong-Hong Kong-Macao Greater Bay Area and the construction of a new open economic system [1] - Proposals highlight the need for high-quality development in the artificial intelligence industry and the integration of technology and industry innovation to enhance international competitiveness [1] Group 2 - Proposals address key areas of public concern, aiming to improve the quality of life for citizens through enhanced public services and infrastructure [2] - The conference emphasizes the importance of a multi-tiered medical security and public health system, as well as improved elderly care services to increase public satisfaction and security [2] - Following the conference, all proposals will be forwarded to relevant departments for processing, with non-filed proposals potentially being converted into public opinion information for reference [2]

Core Insights - OpenAI has begun testing an advertising feature for ChatGPT in the U.S., marking a significant step in its commercialization efforts [1] - The initiative aims to generate advertising revenue to cover infrastructure costs while maintaining free service for users [1][2] - The move has sparked widespread controversy and backlash from users on social media [1][4] Commercialization Path - The advertising test is based on the principle of "task consistency," allowing OpenAI to sustain its free and low-cost service tiers [2] - Ads will be displayed based on user conversation topics and past interactions, similar to traditional search engines [2] - Users can opt for an ad-free experience by upgrading to a premium subscription or manage ad personalization settings [2] Privacy Commitments and User Control - OpenAI has outlined data protection measures, ensuring advertisers cannot access user chat histories or personal details [3] - Ads targeting users under 18 will be automatically blocked, and sensitive topics will not feature ads [3] - Users have control over ad preferences, including the ability to reject specific ads and manage personalized settings [3] Market Reaction and Competitive Dynamics - The introduction of ads has led to negative feedback on social media, with users expressing disappointment and concerns about the impact on ChatGPT's utility [4][5] - Competitor Anthropic has capitalized on this sentiment by mocking OpenAI's ad strategy in a Super Bowl advertisement [5] - Some users have expressed understanding, provided that ads do not interfere with the quality of generated responses [5] Financing Prospects and Product Iteration - OpenAI is accelerating product iterations alongside the ad testing, with positive reception for its new programming model, GPT-5.3-Codex [6] - The company is pursuing a massive financing round, potentially reaching $100 billion, to support its operations and prove the viability of its business model [7] - Successful implementation of the "AI + advertising" model could lead to a ripple effect in the industry, prompting other companies to accelerate their commercialization efforts [7]

2月10日，AI语料概念迎来集体爆发行情。东方财富数据显示，截至收盘，AI语料板块指数涨幅超 7%。其中，读客文化、捷成股份、中文在线、荣信文化20cm涨停，华策影视、果麦文化涨超10%，国 安股份、新华网、人民网、掌阅科技、视觉中国等10cm涨停，中信出版、慈文传媒、芒果超媒等涨超 5%。 中银证券指出，当前市场情绪已处于低点，大模型"春节档"带来密集产业催化，Seedance2.0 带动AI多 模态产业链，各项因素有望催化AI应用触底反弹。 语料加工与影视素材类公司同样迎来需求增量。捷成股份主营业务包含新媒体版权运营，其在影视拍摄 中产生的大量素材，可通过清洗、标注等加工处理成为优质AI语料，为Seedance 2.0等模型提供训练支 撑，公司明确表示相关素材具备极高的语料利用潜力。视觉中国则为Seedance 2.0提供正版图片训练数 据及版权合规服务，成为模型语料合规化的重要支撑。 在影视IP运营与内容变现领域，上海电影、博纳影业等头部影视公司凭借与即梦AI的深度战略合作， 成为核心受益者。 在算力与数据服务领域，Seedance 2.0的规模化应用也间接带动相关公司需求。作为字节跳动第一大 IDC/ ...

Core Viewpoint - The article discusses the launch of the "Doubao New Year" event by Doubao, which includes a variety of technology gifts and cash red envelopes during the Spring Festival, leveraging AI capabilities to enhance user engagement and interaction [5][8]. Group 1: Event Overview - On February 10, Doubao announced the start of its "Doubao New Year" event, offering over 100,000 technology gifts and cash red envelopes during the 2026 Spring Festival [5]. - The event features advanced technology products such as the Yushu Robot, Tuo Zhu 3D printer, and DJI drones, along with electric vehicle usage rights for the Audi E5 Sportback and Mercedes CLA [5]. Group 2: Participation Methods - Users can participate by opening the Doubao App and clicking on "Doubao New Year" to engage in AI-driven activities and have a chance to win cash red envelopes up to 8,888 yuan [7]. - On New Year's Eve, users can interact with the Spring Festival broadcast for three rounds of prize draws, with opportunities to win technology gifts or cash red envelopes [8]. Group 3: Prize Details - The prize pool includes various items such as: - 25 units of Yushu Robot G1 EDU U2 (usage until December 31, 2026) [8]. - 20 units of Songyan Power Robot Bumi [9]. - 30 units of MagicDog-Pro [9]. - 25 units of Audi E5 Sportback and Mercedes CLA (usage until December 31, 2026) [9]. - 6,666 units each of DJI Osmo Pocket 3, DJI Neo 2 drone, DJI Osmo Action 5 Pro, and other tech gadgets [10].

Investment Rating - The report assigns a rating of "Buy" for the company [2]. Core Insights - MiniMax is a rare pure-play multimodal model company that focuses on advanced model and AI-native product development, serving over 200 million individual users and more than 100,000 enterprises globally [8][14]. - The company has developed a core multimodal model portfolio, including M2, Hailuo-02, and Speech-02, aiming to enhance efficiency and stability through further integration of multimodal capabilities [8]. - The company has established a scalable monetization model early on, achieving significant revenue growth and positive feedback loops between user scale and income [8]. - Revenue projections for 2025-2027 are estimated at $81 million, $209 million, and $393 million, respectively, with year-on-year growth rates of 164%, 159%, and 88% [8]. - The company is positioned for global market expansion, supported by its comprehensive product offerings and ongoing commercialization efforts [8]. Company Overview - MiniMax focuses on advanced model and AI-native product development, having launched its first large language model in 2022 and continuously iterating on its model capabilities [14]. - The company offers a diverse range of C-end native products and B-end open platforms, including intelligent agents, video/audio generation platforms, and API platforms [19]. - As of September 30, 2025, MiniMax's AI products have served over 200 million individual users and more than 100,000 enterprises across over 100 countries [14]. Financial Analysis - The company has seen rapid revenue growth, with revenue increasing from $3.46 million in 2023 to $30.52 million in 2024, and further to $53.44 million in the first three quarters of 2025, representing a year-on-year growth of 175% [44]. - Gross margin has improved, transitioning from a loss in 2023 to a gross profit of $3.74 million in 2024, with a gross margin of 12% [49]. - The company’s net loss rate has narrowed, indicating potential for profitability as model intelligence and monetization capabilities improve [52]. Industry Analysis - The AI industry is experiencing rapid advancements in large model technology, with significant growth potential and an evolving competitive landscape [56]. - Major players in the market are maintaining a high frequency of model iterations, enhancing their capabilities and performance [57]. - The shift from traditional discriminative AI to large language models is enabling a broader range of applications, including text, image, audio, and video generation [59].

蔡丽霞泰安市工信局党组书记、局长 三、加快产品突破，提升产业核心竞争力。创新人工智能硬件产品，推动算力设备、智能装备扩产升 级，培育支撑"技术研发—核心生产--场景应用"闭环发展的算力系统，全力打造人工智能硬件制造基 地。以解决行业共性问题为导向，研发一批垂直领域模型，推动高端装备、新材料等重点行业实现大模 型应用落地，同步开发轻量、高效、易于部署的中小模型，加速人工智能模型在细分场景的深度应用。 加快人工智能软件研发，引导浪潮等软件企业整合行业场景数据、核心技术与关键工艺，开发融合人工 智能技术的终端软件。鼓励重点企业与数据服务商、高校科研机构深度合作，联合研发行业工业智能 体，打造具有泰安特色的"智能产业化"产品体系。 四、强化要素保障，构建良好发展生态。培育壮大人工智能专业服务商队伍，搭建市级"人工智能＋工 业"服务商资源池，引进培育数据标注、模型训练等专业化服务机构，构建覆盖产业发展全生命周期的 服务支撑网络。完善数据要素服务体系，支持产业链链主企业建设行业语料库，推动数据资源高质量供 给与规范化流通。实施"人工智能人才专项计划"，在高层次人才项目中单列赛道，支持本地高校开设人 工智能相关专业，开展订 ...

中国AI又刷屏海内外互联网了，直接引爆今日港A股的AI应用板块！ 1 中国版Sora横空出世 这两天铺天盖地全是自字节跳动的Seedance 2.0，老外直接惊呼： 轮到中国版【Sora】来炸场了。 Seedance 2.0有多厉害？ 用影视飓风创始人Tim的话来说就是："这不是一个小的技术革新，而是会推走行业所有过去流程和沉淀的一个海啸。" 以往影视从业者相比AI视频工具最大的护城河就是：分镜处理和剪辑能力。 而Seedance 2.0直接踏平所谓护城河： 只需要一张主角照片和一张场景照片，就能让主角在场景中按照指定的运镜方式动起来，同时保持多主体一致性。 这意味着过去需要导演、摇臂、灯光师、剪辑师的工作，现在骤然被压缩成一句提示词，且效果强到让人无法分辨是不是AI生产。 由于舆论发酵过于迅猛，Seedance内测马上禁止任何真人人脸上传。 AI再一次展现不容置疑的强大生产能力，今日A股AI应用主题ETF直接霸屏涨幅榜 ，银华影视ETF涨停，国泰影视ETF涨超9%，华夏游戏ETF、游戏ETF 华泰柏瑞涨超5%。 | 序号 | 证券代码 | 证券简称 | 当日涨跌幅 | 基金管理人 | | --- | --- ...

据悉，苏州盛派网络科技有限公司（以下简称"盛派"）成立于2010年，是一家长期专注于人工智能与软 件系统的研发和落地实施的高新技术企业。公司以"用科技造福世界"为愿景，业务布局覆盖全球，旗下 设有5家国内子公司和3家海外子公司，并建立了盛派智能创研院（苏州）与智怀软件创研院（南京）两 大研发机构。除高新技术企业外，该公司还具备"科技型中小企业"等资质，并担任苏州市人工智能学会 理事单位、苏州市人工智能研究基地以及苏州工业互联网专业服务商等角色，深度参与并推动产业生态 建设，与"十五五"期间培育创新型企业的方向高度契合。 本次获奖的核心产品——NeuCharBox，是盛派旗下人工智能板块网络自主研发的一款面向物理世界的 智能操作系统。该系统旨在将电影中"贾维斯"式的智能管家带入现实，通过整合视觉、语音、文本等多 模态感知与交互技术，实现对消费电子、工业制造、智能家居、航空航天、具身智能等领域中各类异构 设备的动态理解、柔性调度与自动化控制。用户只需通过自然语言下达指令，系统即可自动完成从任务 分解、规划调度、仿真测试及微调到最终执行的全流程操作，这正是推动生产力向智能化、高端化跃 迁，形成新质生产力的关键技术路 ...

Group 1 - The article discusses the psychological battle investors face as the Spring Festival approaches, particularly the dilemma of whether to hold stocks or go into cash during the holiday period [2][3][4] - It highlights the differing strategies among investors, with some opting to liquidate their positions to avoid uncertainty, while others choose to remain fully invested [3][4] Group 2 - The current policy environment is supportive, with expectations of strong backing from the government, as indicated by recent measures such as interest rate cuts and market stabilization policies [5] - Economic indicators show signs of stabilization, but the recovery momentum needs improvement, particularly in consumer spending [6] - Market activity has increased significantly, with average daily trading volumes exceeding 2 trillion yuan for two consecutive months, indicating heightened market engagement [6] - The Shanghai Composite Index has maintained a level above 4000 points since February, suggesting a positive upward trend in the A-share market [6] Group 3 - Investors are advised to manage their positions based on their risk tolerance, with recommendations for moderate positions and diversified portfolios to mitigate risks [6][7][9] - Conservative investors are suggested to maintain a lower position (30-50%) in defensive sectors like coal, banking, and utilities, which provide stable cash flows and dividends [7] - Balanced investors are encouraged to hold a moderate position (50-70%) in blue-chip stocks while also considering growth stocks for potential rebounds [7] - Aggressive investors should avoid full positions and ensure their holdings are well-researched with clear stop-loss strategies, steering clear of speculative stocks without earnings support [9]