智通财经6月3日电，谷歌跌幅扩大至2%，接近两周低点。 ...

Group 1 - The core theme of the article is the significant structural opportunities in the Hong Kong stock market, particularly in five key sectors: internet, innovative pharmaceuticals, smart vehicles, new consumption, and dividend assets [2][5] - The penetration rate of autonomous driving has just surpassed 10%, which is a critical point that is expected to accelerate the adoption of electric vehicles and drive growth in the automotive sector [9][8] - The Hong Kong stock market is seeing a continuous inflow of southbound funds, which, along with the deepening of scarce industry layouts, is expected to make related ETF products strategic tools for capturing market dividends [2][3] Group 2 - The performance of various ETFs in the Hong Kong market shows strong returns, with the Hong Kong Internet ETF achieving a net return of 62.28% over the past year, and the Hong Kong Medical ETF returning 40.60% [3][4] - The innovative pharmaceutical sector is experiencing a significant growth rate, with spending on innovative drugs expected to increase by 26%, driven by a supply-demand imbalance [7][6] - The automotive sector is benefiting from the rise of domestic brands, with electric vehicle sales continuing to grow and the market share of domestic brands increasing at the expense of joint venture brands [9][8] Group 3 - The upcoming Hong Kong Consumption ETF aims to fill a gap in the market by focusing on pure consumption stocks, addressing the changing consumer habits that are not reflected in existing indices [11] - The Hong Kong Dividend ETF is designed to effectively eliminate value trap stocks, providing a more stable investment option compared to traditional high-dividend indices [12] - The index for the Hong Kong Automotive ETF is structured to prioritize core automotive companies, reflecting the growth logic of domestic brands in the electric vehicle market [10][9]

Core Viewpoint - Alphabet's stock has declined by 9% year-to-date, but Goldman Sachs maintains that the company remains a dominant player in the search engine market and has strong AI capabilities that are expected to drive revenue growth [1][3]. Group 1: Financial Performance and Projections - Goldman Sachs projects that Alphabet's "Search and Other" revenue will surge from $198 billion in 2024 to $318 billion by 2030, with search engine business remaining the core revenue driver [2]. - The stock analysis team led by Eric Sheridan has set a 12-month price target of $220 for Alphabet, compared to its current price of $169.03 [1][3]. Group 2: AI Integration and Business Strategy - Alphabet's advanced AI technology is increasingly integrated with its core businesses, including search, digital advertising, and cloud computing, which is expected to enhance monetization speed [1][2]. - The company is leveraging first-party data and a global data center network to support AI integration across platforms like YouTube, Google Cloud, Maps, and Workspace, driving unexpected revenue growth [2]. Group 3: Market Sentiment and Analyst Ratings - Despite concerns over AI monetization speed and regulatory pressures, Goldman Sachs believes that negative market sentiment has been overestimated, and Alphabet's stock presents an attractive risk/reward profile [2][3]. - Wall Street analysts have a consensus "Strong Buy" rating for Alphabet, with 28 "Buy" and 9 "Hold" ratings in the past three months, indicating a potential upside of approximately 15.95% based on an average target price of $199.14 [4].

智通财经APP获悉，巴克莱银行分析师周一在致投资者的报告中指出，若美国地区法官阿米特·梅赫塔 (Amit Mehta)下令Alphabet旗下谷歌(GOOGL.US)出售其Chrome浏览器，该股股价可能下跌15%至25%， 这一局面或成为"黑天鹅事件"。 他表示："这将是一个重大事件，对Alphabet股价而言是黑天鹅事件。如果这种情况真的发生，股价显 然会大幅下跌，因为我们接触的投资者中没人认为会出现这种局面。" 桑德勒称，剥离Chrome不仅可能导致Alphabet股价暴跌25%，还可能使其每股收益面临30%的潜在冲 击。 桑德勒还提到："现实情况是，我们不知道法院会就补救措施做出何种裁决。我们听了一整天的结案陈 词，有时我们感觉情况比之前糟糕得多，有时又感觉(对Alphabet股价的影响)会好一些。"他对该股的评 级为"增持"。 据报道，2024年8月，谷歌在与美国司法部的具有里程碑意义的反垄断诉讼中败诉。梅赫塔法官裁定这 家科技巨头垄断了搜索引擎市场，特别是"通用搜索"和"通用搜索文本"广告市场(即出现在搜索结果页 面顶部的广告)。 梅赫塔法官预计将于8月对该案的补救措施连同谷歌搜索帝国的命运做出裁 ...

文 | 市象，作者 | 景行，编辑 | 文昌龙 快手可灵开始提速了。 5月29日，快手可灵AI正式宣布推出全新2.1系列模型，强调语义响应、运动表现升级。可灵2.1涵盖标 准版（可选720p、1080p，仅支持图生视频）、大师版（1080p、影视级效果，支持图生视频、文生视 频）两个版本可选。从产出效果看，可灵选择用标准版覆盖常见的短视频设计需求，大师版则用于覆盖 影视级内容需求。 更重要的是，可灵2.1进一步降低了视频生成成本。在可灵2.0大师版本中，生成5秒视频需要100灵感值 （1元人民币等于10灵感值），此次升级后，生成5秒720p视频价格降至20灵感值，同时长的1080p视频 价格35灵感值，大师版视频价格100灵感值。 这对应了快手此前的预告。在5月27日的快手一季度财报电话会议上，快手CEO程一笑提到，可灵将于 近期推出更多具有性价比优势的版本，为用户提供更加多样的选择，以满足不同用户不同创作需求下的 视频制作。 背后是快手可灵的研发提速。 官网公开信息显示，自去年6月发布1.0版本以来，快手可灵模型的更新迅速提速，今年3月更是在一个 月内放出4次更新信息。继4月15日发布2.0版本，升级基座模 ...

Group 1 - Meta plans to enable brands to create and launch ads entirely through artificial intelligence by the end of next year [1] - The current advertising platform offers AI tools that generate different versions of existing ads and make slight adjustments before targeting users on Facebook and Instagram [1] - Brands can set budget goals, and AI will handle the entire ad creation process, including images, videos, and text [1] Group 2 - Concerns arise among large brands regarding Meta's control over ad placements and the potential differences between AI-generated and human-created ads [2] - Existing technology in the industry often produces distorted or unusable image effects, raising concerns about the quality of AI-generated ads [2] - Meta's new tools require significant computing power and the creation of unique AI models for each brand [2]

Core Insights - Meta Platforms plans to utilize artificial intelligence for advertisement creation and targeting by the end of 2026, aligning with CEO Mark Zuckerberg's vision for the company's future, where advertising remains the primary revenue source [1] Group 1: AI Advertising Development - The initiative is expected to benefit small- to medium-sized businesses (SMBs), which constitute a significant portion of Meta's advertisers and often lack resources for extensive ad creation [2] - Larger retail brands have shown caution about giving more control to Meta, expressing concerns that AI-generated content may not consistently match the quality or aesthetic of human-made campaigns [3] - The new AI tools will expand Meta's offerings, allowing brands to create advertising concepts from scratch rather than just generating variations of existing ads [4] Group 2: Proposed Workflow and Features - The proposed workflow involves brands providing a product image and budget, after which the AI system generates a complete ad, including imagery, video, and text, while also determining optimal targeting for Facebook and Instagram users [5] - Meta plans to incorporate AI-powered personalization, enabling users to see different versions of the same ad in real time based on factors like geolocation [5] Group 3: Competitive Landscape and Internal Changes - The AI-driven content creation space is competitive, with companies like Google releasing tools for video generation, and many brands using third-party tools for ad content creation [6] - Meta's move into AI ad generation follows a reorganization of its AI team, splitting it into two groups to streamline operations and clarify responsibilities, amid challenges in attracting top AI talent [7]

Core Points - Google has agreed to spend $500 million over 10 years to overhaul its compliance structure as part of a settlement for shareholder litigation alleging antitrust violations [1][4] - The settlement requires approval from US District Judge Rita Lin in San Francisco [1] - The changes include establishing a standalone board committee for risk and compliance, which was previously managed by the audit and compliance committee of Alphabet's board [3][4] Compliance Overhaul - Alphabet will create a senior vice president-level committee to address regulatory and compliance issues, reporting directly to CEO Sundar Pichai [4] - A compliance committee will be formed consisting of Google product team managers and internal compliance experts [4] - The reforms are described as a comprehensive overhaul of Alphabet's compliance function, aiming for a deeply rooted culture change [5] Legal Context - Shareholders, led by two Michigan pension funds, accused Google executives of breaching fiduciary duties by exposing the company to antitrust liabilities in various business areas [4][6] - The settlement is noted as one of the largest by a company to fund regulatory compliance committees [5][9] - Shareholders' lawyers plan to seek up to $80 million for legal fees and expenses in addition to the $500 million settlement [8] Ongoing Legal Issues - The settlement was disclosed on the same day a hearing was held regarding Google's violation of federal antitrust law to maintain its dominance in search [7] - The Justice Department has proposed significant measures, including requiring Google to sell its Chrome browser and share search data with rivals [7]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights a more optimistic outlook on US-China tariff negotiations, with expectations that the 20% fentanyl-related tariff could be removed and a deal may be reached by November [25][55] - China's policy direction is clear, focusing on proactive domestic demand expansion without inflation pressure, with limited action on structural reforms [26][60] - There is a strong interest in gold as an investment, with 56% of respondents voting it as the top asset to own in the next 12 months, while 80% expect a weaker dollar [4][28] - Investors are seeking sustainable EPS growth in sectors such as Internet, Healthcare, and parts of consumer-related and IT sectors, with a notable interest in high-yielding stocks [5][29] - The report indicates a cautious view on most commodities except for gold, with a potential shift of 0.5% of foreign US assets to gold yielding 18% annual returns [6][30] - The broad adoption of generative AI in China is underway, particularly in the Internet sector, with strong revenue growth expected for cloud operators [7][31] - The automotive industry is transitioning from "In China, for China" to a global focus, with an expected rise in autonomous driving technology penetration [8][32] - Consumption demand in China has normalized, with a strong preference for luxury goods and offline experiences among consumers [13][34] - The healthcare sector shows enthusiasm for innovation capabilities, particularly in biotech and pharma, supported by a robust ecosystem [14][35] - The property market is moderating, with expectations of a high-single-digit year-on-year decline in primary sales in 2025 [15][36] Summary by Sections Macro & Investment Strategy - The US and China are navigating a complex relationship, with both nations aiming for long-term stability while managing national security interests [48][63] - Trust is critical in managing challenges faced by both countries, with a focus on transparency and cooperation [49][50] Commodities - Gold is viewed positively, while energy and base metals face a cautious outlook due to potential economic slowdowns [6][30] Innovation - Generative AI adoption is accelerating in China, with significant interest in humanoid robotics and their applications in various sectors [7][31] Autos - The automotive sector is shifting towards global competitiveness, with a focus on leveraging local supply chains and expanding into overseas markets [8][32] Consumption - Consumer sentiment is recovering, with a focus on luxury goods and the importance of both high-tier and lower-tier cities for brand expansion [13][34] Healthcare - The biotech and pharma sectors are expected to thrive due to innovation capabilities and a supportive ecosystem [14][35] Property - The property market is experiencing a decline, with expectations of policy support to cushion the downside [15][36]

看到这，肯定很多人都觉得很奇怪，这有啥难以抉择的？那肯定秒选 B 大厂，薪资高，岗位也比 A 大厂好。 图解学习网站： 大家好，我是小林。 有位训练营校招同学拿了两家互联网大厂 offer，但是岗位不同，一个是后端开发岗位，一个是运维岗位，难以抉择 A 大厂：sre岗位，面试官说可能运维的工作多一点，开发的工作少，开的薪资是白菜价，年包35w左右 B 大厂：后端开发，薪资A大厂高，年包有 40w+，但是面试时候说他们这边强度很大 之所以这位训练营同学如此纠结要不要选开发岗位的原因，其中原因是之前面腾讯开发岗位非常坎坷。 他从去年秋招和今年春招累计面了腾讯 7 次，结果全都挂了，被面到自闭了，都开始怀疑是不是适不适合干开发这行了，觉得可能运 维更适合他一点。 另外一个原因是，他对自己的代码和工程能力不够自信，他担心去了 B 大厂做开发，没有把握完成分配给他的工作，B 大厂面试官之 前也跟他说过他们的强度比较大， 总之就是担心自己工作不能胜任，导致过不了大厂的试用期。 很理解同学的担忧，通常我们做选择，本能都会选择一个安全又好走的道路，但是这可能并不是对你是最好的。 不要被过往的面试经历受影响，生活得向前看，别活 ...