Bside 概念海报，来源： Bside 的 steam 介绍页面 从早期的 QQ 群、页游到 Discord 、 Vtuber 以及二次元社区等等，虚拟角色和社交系统始也伴随着一代代年轻人成长和演进，一代代的年轻人们都在虚拟 世界中寻找着属于他们的归属感。当下， AI 正重新定义虚拟角色的 " 生命形态 "—— 从单纯的图像或设定，到拥有记忆、情绪与行为逻辑的 "Living OC （活着的原创角色） " ，人们对虚拟陪伴与情感投射的想象也重新被唤醒。 由 Kotoko AI 公司打造的 OC 社交游戏互动平台 "Bside" 正试图响应这样一种需求： " 用户想要的不只是一个角色，而是一个能参与社交的虚拟生命。 " Bside 融合了 UGC 创作、 AI Agent 与游戏化机制，让原创角色成为用户生活的陪伴者和社交货币，并致力于构建一个 " 属于下一代人的 QQ" —— 一个以 OC 为中心，人与人、人与角色深度链接的虚拟内容游乐场。 本期我们对话 Bside 创始人乔海鑫（ Patrick ）。他是 Kotoko AI 的创始人，曾联合创办知名 UGC 游戏平台创业公司 Yahaha Studios ...

Summary of Key Points from Conference Call Records Industry or Company Involved - **CrowdStrike (CRWD)** [4][5] - **Micron Technology (MU)** [6] - **Arista Networks (ANET)** [7] - **Nebius (NBIS)** [8] - **Upstart (UPST)** [10] - **Affirm (AFRM)** [11] - **Shopify (SHOP)** [12] - **Tesla (TSLA)** [19][20] - **Rivian (RIVN)** [22][23] - **Coinbase (COIN)** [24] - **Roblox (RBLX)** [28] Core Points and Arguments CrowdStrike (CRWD) - Morgan Stanley downgraded CRWD from Overweight to Equal-weight due to a ~50% stock rally since April, which has priced in growth catalysts [4] - The firm raised its price target to $495, citing strong leadership and platform expansion as reasons for the premium valuation [5] Micron Technology (MU) - Edgewater expressed negative views on HBM demand, raising concerns about potential oversupply [6] Arista Networks (ANET) - Citi raised the price target for ANET to $123, citing strong demand in the data center switching market and robust enterprise demand [7] Nebius (NBIS) - Goldman Sachs initiated coverage with a Buy rating and a $68 price target, highlighting strong growth potential in the AI infrastructure rental market [8] Upstart (UPST) - Goldman Sachs maintained a Sell rating with a $71 price target, citing margin pressure and risks related to capital supply [10] Affirm (AFRM) - BTIG downgraded Affirm to Neutral due to ongoing margin pressure and competition from fintech and BNPL players [11] Shopify (SHOP) - Needham initiated coverage with a Buy rating and a $135 price target, emphasizing Shopify's strong positioning in international and B2B markets [12] Tesla (TSLA) - Tesla faces its first jury trial related to its Autopilot system, posing a significant threat to its reputation [19] - Elon Musk stated he does not support a merger between Tesla and xAI but is open to investment [20] Rivian (RIVN) - Guggenheim downgraded Rivian to Neutral, lowering the price target from $16 to $13 due to declining R1 sales and changes in U.S. EV policy [22][23] Coinbase (COIN) - Citizens JMP raised the price target for Coinbase to $440, citing a positive outlook for Financial Services and FinTech [24] Roblox (RBLX) - TD Cowen raised the price target for Roblox to $54, driven by strong user engagement and favorable parent survey results [28] Other Important but Possibly Overlooked Content - The macroeconomic environment is influencing various sectors, with tariffs and interest rates being key factors [1] - The digital asset space is transitioning from speculation to mainstream adoption, which could benefit companies like Coinbase [24] - The impact of AI on various sectors, including CRM and SaaS, is becoming increasingly significant, with companies prioritizing AI adoption [25][26]

Meta announced on Monday that it will take additional measures to crack down on accounts sharing “unoriginal” content to Facebook, meaning those that repeatedly reuse someone else’s text, photos, or videos. This year, Meta has already taken down around 10 million profiles that were impersonating large content producers, it said. Plus, it has taken action against 500,000 accounts that were engaged in “spammy behavior or fake engagement.” Those actions have included things like demoting the accounts’ comments ...

TikTok is trying to talk with Canada about security solutions that would spare the popular video app from an order to shut operations https://t.co/Z2DHAnmgEw ...

In a post on X, Elon Musk's social media site, xAI announced its Defense Department contract and touted its new suite of government-focused products.https://t.co/g52SQDCqCx ...

Investment Plans - Meta plans to invest "hundreds of billions of dollars" into AI infrastructure for its superintelligence initiative [1][2] - The company aims to invest between $64 billion to $72 billion in capital expenditures for AI data centers this year [4] AI Infrastructure Development - Meta is on track to bring its first greater-than-1-gigawatt (GW) supercluster online, named Prometheus, expected to be operational by 2026 [3] - The company is also developing Hyperion, which will scale up to 5GW over several years, along with multiple other titan clusters [3] Talent Acquisition and Organizational Changes - Meta is investing in talent for its superintelligence team and has created a new AI business unit called Meta Superintelligence Labs [2][5] - Mark Zuckerberg is personally recruiting experts for the artificial general intelligence (AGI) team [5] Strategic Vision - Zuckerberg emphasized that the AI investments will drive core products and business, unlock historic innovation, and extend American technology leadership [4] - The company is accelerating efforts to bring AI capacity online more quickly while also planning for long-term projects [5]

Core Insights - Meta has removed approximately 10 million profiles impersonating large content producers in the first half of 2025 to combat spammy content [1] - The company is implementing stricter measures to promote original posts from creators and has taken action against around 500,000 accounts engaged in inauthentic behavior [2] - Meta is investing heavily in AI, with plans to spend "hundreds of billions of dollars" on AI compute infrastructure to enhance content authenticity [3] Group 1: Meta's Actions Against Spam - Meta's crackdown on spammy content includes the removal of 10 million profiles and actions against 500,000 accounts [1][2] - The company is utilizing technology to detect duplicate videos and reduce their distribution [3] Group 2: Industry Trends - Other platforms, such as YouTube, are also taking measures to address the rise of low-quality, mass-produced content, referred to as "AI slop" [4] - YouTube's new policy aims to prevent mass-produced or repetitive content from being monetized, while still allowing creators to use AI tools to enhance their storytelling [5][6]

Core Insights - Meta Platforms and Reddit are significant players in the social media sector, with Meta serving over 3.4 billion daily users and Reddit having 108.1 million daily users, both primarily generating revenue from advertising [2] - The global social media advertising market is projected to grow from $228.18 billion in 2024 to $406.64 billion in 2029, reflecting a CAGR of 12.25% [3] Company Performance - Reddit is experiencing strong user engagement growth, with expectations of Q2 2025 revenues between $410 million and $430 million, indicating a year-over-year growth of 46-53% [6][9] - Meta Platforms has seen a 7% increase in time spent on Facebook and a 6% increase on Instagram over the past six months due to AI integration [8] AI Integration - Both companies are investing heavily in AI to enhance advertising capabilities and user experiences, with Meta AI reaching nearly one billion monthly users [3][8] - Reddit's AI-powered features, such as Reddit Answers, are enhancing content discovery and personalization, with over one million weekly users engaging with this feature [5][6] Advertising Strategies - Meta's Ads Manager now integrates across WhatsApp, Facebook, and Instagram, optimizing advertising spend with Advantage AI [9][10] - Reddit is improving its advertising technology and tools for advertisers, but it still lags behind Meta and Google in this area [7][9] Financial Metrics - Reddit's stock trades at a forward Price/Sales ratio of 12.62X, while Meta's is at 9.06X, despite Meta's broader reach and diversified advertising tools [9][16] - The Zacks Consensus Estimate for Reddit's 2025 earnings is $1.21 per share, while Meta's is $25.35 per share, indicating a 6.24% increase over 2024 [18] Competitive Positioning - Meta Platforms is viewed as having better growth potential due to its diverse business model, proven AI implementation, and multiple revenue sources [19] - Reddit's unique community-based model presents challenges for rapid growth and revenue diversification [7][19]

Meta Platforms (META) will spend "hundreds of billions" on AI infrastructure as the social media giant seeks to unlock AI superintelligence, Chief Executive Mark Zuckerberg said Monday. Meta stock was pushing higher."For our superintelligence effort, I'm focused on building the most elite and talent-dense team in the industry," Zuckerberg wrote Monday on Threads, the microblogging app owned by Meta. "We're also going to invest hundreds of billions of dollars into compute to build superintelligence. We have ...

Mark Zuckerberg said Monday that Meta would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology that he has chased with a talent war for top AI engineers.The social media giant is among the large technology companies that have chased high-profile deals and doled out multi-million-dollar pay packages in recent months to fast-track work on machines that can outthink humans on most tasks.Meta reorganized its AI efforts u ...