（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 ...

Core Insights - The article discusses the recent financial performance of a leading technology company, highlighting a significant increase in revenue and net profit for the last quarter [3] - The company has reported a revenue growth of 25% year-over-year, reaching $15 billion, driven by strong demand for its cloud services and software solutions [3] - Net profit for the quarter surged to $3 billion, representing a 30% increase compared to the same period last year [3] Financial Performance - Revenue for the last quarter was $15 billion, up from $12 billion in the previous year, indicating a 25% growth [3] - Net profit increased to $3 billion, compared to $2.3 billion in the same quarter last year, marking a 30% rise [3] - The company's earnings per share (EPS) rose to $1.50, up from $1.15, reflecting strong operational efficiency [3] Market Position - The company has strengthened its market position, capturing a larger share of the cloud services market, which is expected to grow significantly in the coming years [3] - Increased investment in research and development has positioned the company to innovate and expand its product offerings [3] - The company is now considered a leader in the technology sector, with analysts predicting continued growth and profitability [3]

Core Viewpoint - Snowflake is in talks to acquire application monitoring startup Observe Inc. for approximately $1 billion, which could be its largest acquisition to date [3]. Group 1: Acquisition Details - Observe Inc. specializes in observability tools that help developers monitor application performance and identify service disruptions [3]. - The acquisition will position Snowflake in direct competition with software companies like Datadog and Cisco's Splunk [3]. - Observe has raised over $470 million since its founding in 2018, with a recent valuation of $848 million [4]. Group 2: Previous Acquisitions - Last year, Snowflake acquired TruEra AI, a startup focused on monitoring the performance of large language model applications, although the deal amount was not disclosed [4]. Group 3: Financial Performance - Snowflake's stock has risen 43% this year, bringing its market capitalization to approximately $77 billion [6]. - The company reported a quarterly revenue growth of 29% to $1.21 billion, exceeding growth expectations by 3 percentage points [6]. - Snowflake has slightly raised its product revenue growth forecast for the fiscal year ending January from 25% to 27% [6]. Group 4: AI Product Launch - Recently, Snowflake began selling AI products aimed at automating customer tasks, achieving an annualized revenue of over $100 million [5].

编者按 "十四五"圆满收官，"十五五"新程再启。不久前召开的省委十四届十次全会，深入学习贯彻党的二十届 四中全会精神和习近平总书记对江苏工作重要讲话精神，对未来五年江苏经济社会发展作出系统谋划和 战略部署。坚定在推进中国式现代化中走在前、做示范，奋力谱写"强富美高"新江苏现代化建设新篇 章，8500万江苏儿女正以饱满的热情、实干的姿态，踏上新的征程。新华日报·交汇点新闻今起推出"奋 进'十五五' 同心创伟业"全媒体行动，对话13个设区市主要负责同志，见证并记录各地勇挑大梁、勇开 新局的担当与奋斗。 □ 本报记者 徐晋 季铖 颜芳 冬日暖阳照进南京江北新区生物医药公共服务平台的实验室，科研人员正埋头研发。在这里，千万元级 的精密设备向园区内上百家中小团队敞开共享。工程师轻触屏幕，蛋白质序列数据渐次浮现，仿佛在探 寻生命密码。不远处，驯鹿生物的洁净车间里，全人源CAR-T细胞正在培养箱中悄然生长。窗外楼宇连 绵，1300余家生物医药企业在此扎根、抽枝、结果。 南京，承载着深厚的历史底蕴，更涌动着面向未来的创新活力。站在"十四五"收官与"十五五"启航的交 汇点，如何在传承与创新中书写高质量发展新答卷？本报记者专访南 ...

Group 1 - OpenAI launched the advanced coding model GPT-5.2-Codex on December 19, 2025, which integrates the general capabilities of GPT-5.2 with the specialized advantages of GPT-5.1-Codex-Max, marking a significant milestone in software engineering automation [1] - The model enhances long-term context understanding and instruction adherence through "context compression" technology, improving token efficiency and optimizing performance in Windows environments, particularly in large-scale code change scenarios [1] - In benchmark tests SWE-BenchPro and Terminal-Bench2.0, the model achieved accuracy rates of 56.4% and 64.0% respectively, indicating key breakthroughs in its capabilities [1] Group 2 - The software ETF (515230) tracks the software index (H30202), which selects publicly traded companies involved in software development, sales, and services, covering areas such as operating systems, application software, and cybersecurity [2] - The index demonstrates significant growth potential and a technology-driven focus, effectively reflecting market trends and developments within the software industry [2]

微软、赛富时（Salesforce）和甲骨文被列为2026年顶级软件股。 微软、赛富时（Salesforce）和甲骨文被列为2026年顶级软件股。 责任编辑：张俊 SF065 责任编辑：张俊 SF065 ...

北京时间12月23日凌晨，美股周一尾盘维持涨势，科技领涨。本周美股交易时间将因圣诞节假期而缩 短。交易员们正斟酌科技股是否能在年底前重拾上涨势头。 道指涨248.45点，涨幅为0.52%，报48383.34点；纳指涨118.85点，涨幅为0.51%，报23426.47点；标普 500指数涨41.53点，涨幅为0.61%，报6876.03点。 美东时间周三东部时间下午1点，美股将提前收盘，并于周四圣诞节当天休市。 AI关键股票普遍上涨，此前有消息称英伟达正努力争取在2月中旬前出口H200芯片。受到英伟达消息带 动，美光科技和甲骨文等AI股票普涨。 华尔街主要股指上周表现不一。科技股在周末前的强势上扬，推动标普500指数和纳指录得四周内的第 三次收涨。道指一周累计下跌0.7%，终结了此前连续三周的涨势。 Gabelli基金投资组合经理Justin Bergner表示："我几周前的看法是年底将进入一段艰难磨底期。而现在 我觉得这已经变成了年底的剧烈震荡。" AI股票在经历近期表现落后之后，上周迎来反弹。甲骨文作为此前显著滞涨的股票，在TikTok同意将其 美国业务出售给一家由该软件巨头与私募股权公司Silver L ...

Core Insights - 2025 is anticipated to be a strong year for IPOs and M&A transactions, with optimism from Wall Street that this growth momentum will continue into the new year [1][3]. M&A Market Performance - The total announced M&A transaction value in 2025 reached $4.8 trillion, marking the highest since 2021 and the second-highest in the past decade [8]. - There were 166 M&A deals exceeding $5 billion, the highest number since 2021, although the total number of deals was the lowest in at least ten years [8]. - The technology sector dominated the M&A market with a transaction value of $1 trillion, accounting for over 20% of the global total, significantly outpacing the healthcare sector [8]. - The resurgence of leveraged buyouts is a key indicator of the M&A market's recovery, with private equity transaction volume reaching $1 trillion, the highest since 2021 [8][11]. - The overall market environment is favorable for continued M&A activity, driven by a need for scale and a more lenient regulatory stance from the Trump administration compared to the Biden administration [12]. IPO Market Performance - In 2025, 1,372 companies successfully went public, raising a total of $170.6 billion, the best performance since 2022, but still significantly lower than the $606.4 billion raised in 2021 [13][16]. - The technology sector was the leading force in the IPO market, representing 29% of the global IPO market, with notable listings from companies like CoreWeave and Figma [16]. - The largest IPO of 2025 was from Medline, a medical supplies provider, raising nearly $6.3 billion, indicating a broader acceptance of various business models in the market [16]. Market Outlook for 2026 - There is a general optimism among investment bankers regarding the market performance in the first half of 2026, with expectations that it will likely continue the strong activity seen in the latter half of 2025 [17][18]. - Communication with clients and the number of ongoing projects for 2026 are at high levels, suggesting a robust pipeline for future transactions [18].

Group 1 - Clearwater Analytics (CWAN.US) shares rose over 8% to $24.15 in pre-market trading on Monday [1] - A consortium of private equity firms led by Permira and Warburg Pincus has agreed to acquire Clearwater Analytics Holdings Inc., with a total transaction valuation of $8.4 billion, including debt [1] - Clearwater shareholders will receive $24.55 per share in cash, representing an equity value of approximately $7 billion, which is about 10% higher than the stock's last closing price and a 47% premium compared to the stock price before acquisition talks were reported [1]