Core Viewpoint - Shanghai aims to establish 1-2 internationally influential open-source communities and incubate over 200 high-quality open-source projects within 3 to 5 years, gathering more than 3 million global developers [1] Group 1: Open Source Strategy - The open-source technology is recognized as a core engine driving global technological innovation, industrial transformation, and ecological collaboration [1] - Shanghai's plan emphasizes leading industrial development through open-source, creating a sustainable innovation ecosystem that integrates technology, talent, and enterprises [1][4] Group 2: Economic Impact - The artificial intelligence industry in Shanghai is projected to exceed 450 billion yuan in 2024, with a year-on-year growth of over 7.8%, achieving its "14th Five-Year Plan" goals ahead of schedule [4] - The open-source initiative is expected to lower costs for enterprises in innovation, testing, certification, standardization, and talent cultivation [5] Group 3: Development Initiatives - Shanghai's plan includes five major enhancement projects: foundational capability building, project cultivation, talent aggregation, cultural promotion, and governance collaboration [8] - The establishment of a domestic open-source platform aimed at connecting global intellectual resources is anticipated to launch next year [9] Group 4: Support for Developers and Enterprises - The open-source MCN (Multi-Channel Network) model will be utilized to incubate open-source projects, providing deep empowerment in technology flow, community operation, and commercial closure [11] - Financial support of up to 20 million yuan will be allocated for key open-source tool development projects starting next year [12]

在经历了通胀回落、货币政策转向预期反复摇摆以及人工智能投资热潮的反复验证之后，美股正站在一 个不再由"降息叙事"单线驱动的门槛上。 即将进入2026年，投资者面对的将不是一个简单的牛熊判断，而是一组更为复杂的变量组合：美联储政 策空间正在收窄，企业盈利对经济软着陆的依赖度上升，而科技巨头的高估值则要求更为严苛的基本面 兑现。 华尔街开始重新审视一个问题——在增长放缓但尚未衰退的背景下，美股是将延续过去数年的结构性强 势，还是进入一个以分化、轮动和波动为主旋律的新阶段。 2025年震荡上行 对美国股市而言，2025年是极端的一年。 标普500指数在4月一度因特朗普的关税威胁而暴跌至熊市边缘，但随后在政策让步和AI热潮的推动 下，又重新回到上行轨道。 整体而言，美股2025年呈现高档震荡、趋势偏多的走势。特别是科技股持续扮演推升指数的关键角色。 人工智能、云计算与半导体相关投资动能延续，吸引中长期资金配置。 值得注意的是，散户资金净流入美股的规模不断攀升。数据显示，今年以来，散户注入美股的现金量， 较去年同期大幅增长53%，甚至超越了2021年交易狂热时期的高峰。与此同时，散户交易量在市场总成 交量中的占比显著提 ...

（来源：劳动报） 转自：劳动报 《开源方案》的落地让产业界倍感振奋，尤其为汽车、软件等重点领域的开源实践注入强劲动力。 普华基础软件股份有限公司开源办副总经理尤强在接受采访时表示，政策将有效规范开源产业发展环境，降低企业创新与人才培育成本，加速上海汽车与软 件产业链资源整合，破解异构计算生态碎片化等行业痛点。 12月25日，《上海市加强开源体系建设实施方案》新闻通气会召开。记者从会上获悉，该方案经市政府常务会审议通过已正式印发实施，以开源引领产业发 展为根本，着力构建"技术、人才、企业"三位一体的开源创新生态，通过3至5年努力，将上海初步建成技术支撑齐全、服务体系完善、开源产业繁荣的开源 体系，为赢得未来科技竞争主动权筑牢基础。 五大工程托底，最高2000万补助 《开源方案》明确，开源已从简单"代码共享"升级为技术创新核心引擎，上海将通过五大提升工程推动开源生态持续发展。其中，基础能力筑基工程成为降 低开源参与门槛的关键抓手，不仅将依托已有基础打造国内首个面向海外的开源平台，预计明年正式上线运行以链接全球智力资源，还将对标国际先进提升 平台综合竞争力，构建完整协作工具和服务体系。 为打通开源"最后一公里"，方 ...

"十四五"时期，我国信息化应用水平大幅提升，互联网普及率从70.4%提升至79.7%，数字乡村加快发 展，城乡互联网普及率差距较"十三五"末缩小8.2个百分点，农业生产信息化率从22.5%增至30%以上。 2024年全国农村网络零售额超2.5万亿元，较"十三五"末增长43%，远程医疗服务网络覆盖全国所有市 县。（记者王思北） 记者12月25日从中央网信办获悉，"十四五"时期，我国集成电路、人工智能、基础软件等领域取得新成 果，搭载开源鸿蒙操作系统的产品总量超11.9亿台，超700款生成式人工智能大模型产品完成备案，具 身智能逐步走向产业应用，智能体加速创新发展。 转自：新华社 ...

央视网消息：12月25日，中央网信办、工业和信息化部、国家市场监督管理总局、国家数据局等部门联合召开发布会。中央网信办相关负责人 介绍，"十四五"期间，我国网络信息技术创新取得新突破，信息基础设施实现新跨越，信息化应用水平实现新提升，加快从重点领域突破迈向 全面赋能发展。 据中央网信办相关负责人介绍，"十四五"期间，我国信息技术创新能力显著增强，高水平自立自强步伐更加坚实。5年来，我国坚持把创新作 为信息化发展的第一动力，形成一批标志性、原创性、颠覆性科技创新成果。 中央网信办信息化发展局局长温锐松表示，集成电路、人工智能、基础软件等领域取得新成果，搭载开源鸿蒙操作系统的产品总量超11.9亿 台。通义千问、DeepSeek等多款产品性能位于全球前列。超700款生成式人工智能大模型产品完成备案，具身智能逐步走向产业应用，智能体 加速创新发展。 温锐松介绍，"十四五"期间，我国信息化领域除了关键核心技术加速突破，前沿信息技术也在加快布局。6G技术研发和标准研制扎实推进， 已完成第一阶段技术试验，形成超过300项关键技术储备。 我国数字经济规模稳居世界第二 5年来，我国信息化发展坚持补短板、拉长板、锻新板，构建网信 ...

最近，Notion 创始人 Ivan Zhao 写了一篇年终总结《Steam, Steel, and Infinite Minds》。 Ivan 讲了一个特别有趣的观点： AI 是我们这个时代的「革命性材料」。 就像工业时代的钢铁、数字时代的半导体一样。 AI 作为「infinite minds」已经来了。谁能掌握这种核心材料，谁就能定义一个时代。 借用麦克卢汉的一句话：「我们总是看着后视镜驶向未来。」在大的技术变革初期，人们总是有一种认知惯性：习惯于用旧的、熟悉的框架，去理解和应 用全新的事物。 对比已经用上 AI 的程序员，大多数知识工作者的工作方式，仍像是在高速路上踩自行车，靠人力驱动。上下文的碎片化，让人类像「胶水」一样，通过 复制粘贴和在不同浏览器标签页间来回切换，将碎片信息拼接起来。 「human in the loop」也不总是理想的状态。让人深度介入到每一个执行环节，就像在汽车发明后，还在派一个人举着旗子走在车前开道。 这篇文章给出了一个更大的视角去思考，未来我们的个人生产力、组织架构乃至经济模式应该是什么样。 ⬆️关注 Founder Park，最及时最干货的创业分享 超 17000 人的「 ...

Group 1 - The core view of the report is that Asian stocks are expected to perform robustly in 2025, driven by favorable policies, strong domestic demand, and AI-driven innovations [1] - The report anticipates a continued decline in the US dollar, which historically benefits Asian stocks, and a globally accommodative monetary policy environment that may lead investors to shift from the US market to more attractively valued Asian economies [1] - The outlook for 2026 is positive for Asian stocks due to improved earnings prospects, favorable liquidity conditions, and ongoing structural reforms, presenting attractive investment opportunities for global investors [1] Group 2 - The next phase of growth in Asia will be driven by the real-world application of AI, with accelerated adoption in healthcare, finance, manufacturing, and e-commerce expected to unlock more earnings and boost productivity [2] - Asia's competitive advantage lies in its vast data ecosystem, cost-effective talent pool, and government-supported digital strategies, which will facilitate scalable AI solutions [2] - The report emphasizes a preference for companies with clear monetization paths, proprietary technologies, and integration capabilities that can incorporate AI into their overall business deployment [2] Group 3 - In China, the report maintains an optimistic outlook supported by structural growth drivers and clear policy focus, with domestic consumption expected to contribute approximately 60% to economic growth from 2021 to 2024 [2] - The "14th Five-Year Plan" highlights China's commitment to breakthroughs in core technologies and the development of advanced manufacturing and emerging industries, such as semiconductors and green energy, to reduce reliance on foreign supply chains [2] - The report notes that industry consolidation is alleviating overcapacity issues in manufacturing, allowing leading companies to achieve sustained growth through advanced technologies and resources [2] Group 4 - In India, despite a lag in stock market performance compared to Asia and global peers in 2025, a turning point is expected in 2026, supported by stable consumption and investment trends [3] - Recent government measures, including reductions in the Goods and Services Tax (GST) and personal income tax, are anticipated to ease household tax burdens and stimulate consumption, particularly benefiting sectors like consumer goods [3] - South Korea and Taiwan are expected to benefit from the ongoing technology cycle, especially in high-frequency storage and semiconductors, with long-term capacity growth anticipated due to rising AI application demand [3] Group 5 - ASEAN markets present attractive investment opportunities, although political uncertainties in some countries should be noted [4] - Singapore is highlighted for its stable economic outlook, supported by favorable policies and abundant liquidity, while Malaysia continues to attract global semiconductor and tech hardware companies [4] - The Philippines is expected to benefit from urbanization, a young population, and remittances, contributing to a solid foundation for long-term economic growth [4] - Overall, despite short-term uncertainties, Asia's large domestic market and evolving innovation ecosystem reinforce sustainable growth, with structural drivers continuing to support resilience in the region [4]

Core Viewpoint - David Ellison, CEO of Paramount, has initiated a $108.4 billion hostile takeover bid for Warner Bros to compete with Netflix, with significant involvement from his father, Larry Ellison, co-founder of Oracle [1][3]. Group 1: Father-Son Partnership - The relationship between David and Larry Ellison has evolved from distant to a strong business partnership, particularly in pursuing major media acquisitions [3][4]. - Larry Ellison has provided a $40.4 billion guarantee for Paramount's acquisition bid, emphasizing the family's commitment to the venture [4]. - The father-son duo consults frequently on business decisions, with discussions often focusing on their media strategy and interactions with political figures like President Trump [5][11]. Group 2: Media Acquisition Strategy - David Ellison's company, SkyDance, initially faced skepticism from Larry but has gained his father's trust and support in recent years [8]. - The acquisition of Warner Bros could significantly expand the Ellison family's media empire, potentially rivaling that of the Murdoch family [13]. - The Ellison family aims to shift CBS News towards a more conservative platform, aligning with their views and political connections [9][10]. Group 3: Political Connections - Larry Ellison's relationship with Trump has become a strategic asset in their media endeavors, as Trump's influence could impact regulatory approvals for acquisitions [11][13]. - Despite their efforts, the anticipated outcomes of their media strategy have not fully materialized, as indicated by Trump's critical remarks about CBS News [14].

（文章来源：每日经济新闻） 长江证券表示，蚂蚁集团的AI健康应用"蚂蚁阿福"月活跃用户已达1500万，显示出强劲的增长势头。该 应用通过支付入口优势、深厚的医疗资源网络以及支付与金融业务带来的信任优势，实现了高留存率和 高转化率。此外，医疗场景因其用户付费意愿强、高频次和高迁移成本，可能成为原生AI垂类应用的 突破口。预计到2026年，随着政策推进，医疗Agent将在多个层面实现广泛应用。 软件ETF（515230）跟踪的是软件指数（H30202），该指数从市场中选取涉及软件开发、销售和服务等 业务的上市公司证券作为指数样本，覆盖操作系统、应用软件、网络安全等领域的代表性企业，以反映 软件行业相关上市公司证券的整体表现。该指数具有显著的成长性和技术导向性，能够较好地体现软件 行业的市场趋势和发展动态。 ...

在生成式AI开启"新纪元"三年后的今天，市场的炒作与企业的实际落地之间出现了一道巨大的鸿沟。 高试用，低落地：62%的受访者表示正在试用智能体，但仅有23%的企业在至少一个职能中 启动了规模化应用。 职能局限：即便在推进规模化的企业中，应用也局限于一两个领域。在任何单一职能（如 IT、营销）中，能做到从试点走向规模化的比例均未超过10%。 据追风交易台，12月，麦肯锡在发布的AI应用调研报告中指出，虽然每个人都在谈论AI，但几乎没人 能从中真正赚大钱。 数据显示，近90%的企业已常态化使用AI，但绝大多数仍被困在"试点炼狱"中，未能实现规模化部署。 更致命的是，仅有39%的受访者认为AI对企业的息税折旧摊销前利润（EBIT）产生了实质性影响，且 其中多数贡献率不足5%。 麦肯锡认为，不要被企业财报电话会上的"AI含量"蒙蔽。目前的AI应用呈现出典型的"广泛但肤浅"的特 征。资本支出正在发生，但回报（ROI）严重滞后。 真正的赢家（仅占6%的高绩效企业）不仅仅是在购买软件，而是在重塑工作流和追求增长，而非单纯 的裁员降本。在评估标的时，投资者应警惕那些只停留在"试点"阶段的企业，寻找那些真正敢于重构业 务流程并 ...