Core Insights - Duquesne Family Office, led by Stanley Druckenmiller, has sold its entire stake in Palantir Technologies while investing in three other AI-driven companies from the "Magnificent Seven" [2][6][13] Investment Activity - As of mid-2024, Duquesne held nearly 770,000 shares of Palantir, attracted by its unique AI-driven platforms [1] - Druckenmiller's investment strategy has consistently outperformed the S&P 500, managing over $4 billion in assets [2] - The recent 13F filings revealed significant trading activity, including the complete divestment from Palantir [3][4][6] Company Performance - Palantir's Gotham platform supports military operations, while Foundry aids businesses in data analytics [7] - The company has exceeded Wall Street's sales and profit forecasts, with shares increasing over 2,600% since the beginning of 2023 [7] - Despite this growth, Druckenmiller's exit from Palantir suggests a strategic decision beyond mere profit-taking [8] Market Sentiment and Valuation - Concerns exist regarding the sustainability of Palantir's high valuation, with a price-to-sales (P/S) ratio of 114, significantly above the historical average for tech companies [11][17] - The potential for an AI bubble-bursting event could negatively impact Palantir's stock, as history shows early-stage technologies often face such challenges [10] Alternative Investments - Druckenmiller has shifted focus to three AI companies—Amazon, Alphabet, and Meta—that are enhancing their platforms with AI while maintaining more reasonable valuations [13][16] - These companies are valued at forward cash flow multiples of 12 to 18, contrasting sharply with Palantir's nearly 153 forward-year cash flow multiple [16][17]

Core Insights - Accenture has announced an investment in AI-based marketing intelligence platform Alembic, forming a strategic partnership to enhance marketing effectiveness through data analysis and causal AI [1][3] - Alembic's platform aggregates data from various marketing sources and integrates it with sales statistics to establish connections between marketing actions and business outcomes [2][5] - The technology provides real-time data to support marketing spend decisions and assess the impact of campaigns on revenue, including challenging areas like brand initiatives and live events [2][3] Company Developments - Alembic's system identifies impact scores for each marketing channel, helping organizations adjust marketing investments in response to market fluctuations or policy changes [2][3] - The partnership is part of Accenture Song's broader strategy to collaborate with emerging AI firms across the marketing workflow, enhancing capabilities in strategic planning, content development, and campaign management [4][5] - Accenture's marketing department is currently trialing Alembic's technology to evaluate its campaign performance, indicating a commitment to leveraging innovative solutions [4][5] Investment and Funding - Alembic recently closed a Series B funding round led by Prysm Capital and Accenture, with participation from other investors including Silver Lake Waterman and Liquid 2 Ventures [5] - This investment is expected to help Alembic reach more companies seeking to understand the drivers of their marketing results [3][5]

来源：环球总财 AI应用题材持续走强，榕基软件2连板，福石控股、石基信息涨停，值得买等大涨。消息面上，利好密集催化。阿里千问APP公测版上线；巴菲特在 年底交班之前，建仓谷歌母公司Alphabet；软件方面，谷歌Gemini3.0大模型将于本周发布。中银国际认为，AI应用商业模式正在快速从概念验证走向 收入闭环，AI应用需求正在高速扩张。 中银证券表示，展望后市，市场短期或延续4000点左右震荡行情，短期难有方向性突破。前期风险资产估值修复的预期较为充分，随着四季度投资端 压力的逐步显现，风险资产波动性或有增加。此外，当前海外联储，尤其是美联储的降息进程，正处在一种 "高度不确定"状态，12月是否降息将高度 依赖于即将发布的通胀及就业数据。短期板块轮动速度或有加快：前期滞涨的消费板块会随着岁末年初通胀数据的回暖出现阶段性修复行情，市场风 格也会迎来阶段性均衡化，但通胀数据修复持续性或制约行情持续性，可密切关注经济数据、美联储政策预期等关键变量。在"强需求、紧供给"背景 之下，建议关注当下供给矛盾最突出、前期涨幅有限仍具配置性价比的AI存力和电力，重点关注存储芯片、燃气轮机、固态变压器、储能等，算力特 别是国产 ...

来源：环球网 【环球网科技报道 记者 李文瑶】"CentOS停服像是一记警钟，但也成为国产系统发展的转折点。我们 社区的定位很清晰——不做低水平内卷，而是在共性技术上协同，推动国产系统从'单点突破'走向'生态 繁荣'。"在2025龙蜥操作系统大会上，龙蜥社区理事长杨勇在采访中如此定义他们正在构建的"操作系 统生态观"。 根据中国智能计算产业联盟在大会上发布的《国产服务器操作系统发展报告（2025）》，龙蜥操作系统 装机量已突破1000万套，在国产服务器操作系统市场中占比近50%，成为企业用户迁移意愿最高的国产 系统。 数据背后，一个更具讨论性的话题正在业界发酵：在云计算与人工智能重塑一切的技术变局中，中国操 作系统是否真的迎来了从"跟随者"向"定义者"跃迁的历史性窗口？开源模式，究竟是构建自主技术体系 的"万能钥匙"，还是新一轮生态割据的开始？ 开源不是"乌托邦"，是战略基础设施 五年前，当红帽宣布将停止对CentOS的维护支持时，国内服务器市场弥漫着对操作系统的焦虑。作为 当时市场主流的免费企业级Linux发行版，CentOS的停服意味着大量国内企业将面临严峻的安全漏洞与 可持续运维挑战。这场被业内称为"断 ...

Core Insights - Edge Total Intelligence Inc. (edgeTI) is collaborating with Austal USA and Sabel Systems to showcase AI-powered Digital Twin capabilities at the Smart Cities Connect Fall Conference and Expo 2025 [1][2] - The event will feature production-ready solutions that can be implemented immediately, addressing the strong demand for Digital Twins and AI technologies in the Smart Cities community [2][3] Company Overview - EdgeTI specializes in real-time digital operations and decision intelligence solutions, utilizing its edgeCore™ platform to create immersive digital twins that enhance decision-making across various sectors [7] - The company aims to help enterprises, service providers, and governments achieve operational clarity and agility through its innovative technologies [7] Event Details - The Smart Cities Connect Fall Conference will take place from November 19th to 21st, 2025, at the Gaylord National Hotel & Convention Center, National Harbor, MD [1] - The Digital Twin Pavilion will feature multiple panels and sessions focused on leveraging AI-driven technologies for public shipyard operations and enhancing community resilience [3][4][5] Panel Discussions - Key topics include enhancing public shipyard and depot operations through AI technologies, with notable speakers from Austal and the Navy [4] - A workshop on community resilience will discuss AI-driven situational awareness, contested logistics, and infrastructure risk management [5] Industry Context - The Smart Cities initiative is evolving from a conceptual vision to practical implementations, addressing urban challenges through innovative technologies and infrastructure investments [6] - The conference aims to foster collaboration among diverse stakeholders, generating strategies for sustainable transformations in urban settings [6]

Market Overview - The A-share market experienced a collective decline, with all three major indices recording a three-day losing streak. The Shanghai Composite Index fell by 0.81% to 3939 points, the Shenzhen Component Index dropped by 0.92%, and the ChiNext Index decreased by 1.16%. The North Star 50 Index saw a decline of 2.92%. The total market turnover was 1.95 trillion yuan, an increase of 15.6 billion yuan compared to the previous trading day, with over 4100 stocks declining [1]. Software Sector Performance - Software stocks showed resilience, with notable gains in companies such as Shiji Information, which hit the daily limit, and Weining Health and 360 Security, both rising over 3%. This performance positively impacted various software ETFs, including the Software ETF Index and several others focused on software leaders [1]. AI Developments - Alibaba announced its "Qianwen" project aimed at entering the AI to C market, offering a free personal AI assistant that can interact with users and assist in various tasks. The app is now available for public testing [2]. - Baidu unveiled its new model, Wenxin 5.0, at the 2025 Baidu World Conference, featuring a total parameter count of 2.4 trillion and designed for multi-modal understanding and generation [2]. - OpenAI released the GPT-5 series, including GPT-5.1 Instant and GPT-5.1 Thinking, focusing on enhancing model intelligence and communication capabilities [3]. - World Lab launched its 3D world generation model, Marble, which allows users to create editable 3D scenes from various input types [3]. Financial Performance of Software Companies - The third-quarter reports for computer companies showed strong performance, with firms like Kingsoft Office, Hikvision, and 360 Security reporting significant year-on-year revenue and net profit growth compared to the second quarter. Kingsoft Office, for instance, exceeded expectations in revenue and profit, driven by AI product launches and overseas market expansion [4]. - Huaxi Securities noted an overall recovery trend in the software sector during the third quarter, with policies expected to continue supporting the industry's revival. The emphasis on self-control and AI in the 14th Five-Year Plan is seen as a key growth driver [4]. - According to招商证券, domestic software companies are experiencing a bottoming out and recovery in fundamentals, with low institutional holdings and expectations, suggesting that the development of AI applications will accelerate with the iteration of large models [5].

证 券 研 究 报 告 计算机行业深度研究报告 推荐（维持） 海外 AI 应用：从大模型到各领域落地 行业研究 计算机 2025 年 11 月 18 日 华创证券研究所 证券分析师：吴鸣远 邮箱：wumingyuan@hcyjs.com 执业编号：S0360523040001 联系人：杨玖祎 邮箱：yangjiuyi@hcyjs.com 行业基本数据 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 338 | 0.04 | | 总市值(亿元) | 60,550.68 | 4.98 | | 流通市值(亿元) | 54,914.11 | 5.60 | 相对指数表现 | % | 1M | 6M | 12M | | --- | --- | --- | --- | | 绝对表现 | -5.9% | 27.2% | 31.4% | | 相对表现 | -7.4% | 5.8% | 15.4% | -10% 7% 23% 39% 24/11 25/01 25/04 25/06 25/09 25/11 2024-11-18~2025-11-14 计算机 沪深300 相关研究报告 《计算机 ...

据悉，Qwen模型将为千问App和夸克提供AI服务的底层保障。自2023年全面开源以来，Qwen已超越 Llama、Deepseek成为全球应用最广泛的开源大模型。截至目前，Qwen系列模型的全球下载量已突破6 亿次。（文猛） 新浪科技讯 11月18日下午消息，阿里巴巴千问App开启公测第二天，夸克App也宣布接入千问对话助 手。用户在夸克App右滑，即可使用千问App的对话能力。 据内部人士透露，夸克的定位是AI浏览器，将与千问App形成战略协同。夸克PC端也将迎来重大版本升 级，推出全新的 AI 浏览器，与千问深度结合。 责任编辑：何俊熹 ...

Core Insights - Alibaba's Qianwen APP has launched its public beta, positioning itself as a personal AI assistant capable of conversation and task execution [1] - The global AI competition has reached a critical stage, with large models representing both a technological high ground and a reflection of national scientific strength [1][3] - The Qianwen APP allows more users globally to experience the capabilities of China's AI large models [1] Company Developments - The Qianwen APP is powered by Alibaba's self-developed large model technology, specifically the newly released open-source model Qwen3 [3] - Since its full open-source release in 2023, Alibaba's Qwen series has surpassed international models like Meta's Llama, becoming one of the most popular and widely used open-source large models globally, with downloads exceeding 600 million [4] - The flagship model Qwen3-Max has recently ranked among the top three globally in performance, surpassing competitors like GPT-4 and Claude 3 Opus [4] Future Outlook - There are expectations for more Chinese AI teams to develop competitive models and applications, aiming to position Chinese AI at the center of the global stage [4] - Alibaba plans to launch an international version of the Qianwen APP targeting overseas users, intending to compete directly with products like ChatGPT [4]

凤凰网财经讯 11月18日，市场全天震荡调整，三大指数低开低走，沪指、深成指盘中跌超1%。 沪深两市成交额1.93万亿，较上一个交易日放量153亿。盘面上，市场热点较为杂乱，全市场超4100只个股下跌。 截至收盘，沪指跌0.81%，深成指跌0.92%，创业板指跌1.16%。 涨停表现 封板率 昨涨停今表现 63.00% -0.13% 封板 45 触及 26 高开率 72% 获利率 板块方面，AI应用、软件开发等板块涨幅居前，电池、煤炭、钢铁等板块跌幅居前。 从板块来看，AI应用概念逆势上涨，榕基软件、浪潮软件、宣亚国际、华胜天成2连板。半导体概念表现活跃，圣晖集成、龙迅股份涨停。机器人概念股局 部走强，首开股份5天3板。下跌方面，近期热门题材调整，福建板块重挫，福建金森、福建水泥等多股跌停。锂电池板块震荡走弱，石大胜华跌停。 ...