Group 1 - Tencent has launched the largest employment plan in its history, aiming to create 28,000 internship positions over three years, with 10,000 positions expected in 2025, focusing 60% on technical talent [2] - The recruitment initiative includes campus presentations at 40 universities and online recruitment events, reaching over 400,000 potential candidates [2] - The recruitment plan covers over 70 job types across five categories, with a significant emphasis on technology roles such as artificial intelligence, big data, and cloud computing, accounting for over 60% of the openings [2] Group 2 - Tencent provides a comprehensive training system and learning resources for graduates, facilitating their transition from campus to workplace [3] - The company has seen a steady increase in recruitment, contributing to the creation of over 50 million direct and indirect job opportunities through its WeChat ecosystem [3]

Group 1 - Meituan reported 1Q25 results with total revenue largely in line with consensus and earnings ahead of expectations [1] - Core local commerce revenue and operating profit beat consensus, highlighting Meituan's strength against JD's growing competition [1] - Management did not provide guidance or commentary on future performance, which was a point of disappointment [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia [1] - The firm focuses on identifying high-potential investments and navigating complex industries, providing a unique perspective on market developments and emerging risks [1] - Research integrates fundamental analysis with data-driven insights to offer a comprehensive view of industry dynamics [1]

2025 年 05 月 28 日 —计算机行业点评报告 推荐(维持) 事件 分析师：宝幼琛 S1050521110002 baoyc@cfsc.com.cn 联系人：谢孟津 S1050123110012 xiemj@cfsc.com.cn 行业相对表现 | 表现 | 1M | 3M | 12M | | --- | --- | --- | --- | | 计算机(申万) | 0.4 | -12.3 | 31.0 | | 沪深 300 | 1.4 | -1.4 | 6.3 | 券 研 究 报 告 Alphabet（GOOG.O）：Gemini 驱动 AI 商业化 加速，多元生态协同释放增长潜力 市场表现 -40 -20 0 20 40 60 80 (%) 计算机 沪深300 资料来源：Wind，华鑫证券研究 相关研究 1、《计算机行业周报：Claude4 模 型技术升级，天工超级智能体开启 AI 办公新纪元》2025-05-27 2、《计算机行业点评报告：Meta 广告主业稳健增长，AI 与可再生生 态协同驱动长期价值提升》2025- 05-22 3 、 《 计 算 机 行 业 点 评 报 告 ： Spotify ...

海外行业报告 | 行业动态研究 谷歌 I/O 大会点评： 重构 AI 全栈生态，谷歌 AI 重回领跑者位置 事件： 5 月 21 日凌晨，谷歌 2025 年度 I/O 开发者大会的主题演讲展示了在基础 模型、多模态、AI 智能体、可穿戴设备等领域的最新成果。Gemini 2.5 Pro 模型实现多任务处理能力跃升，推理效率与准确性显著提升；智能眼镜 XR 发布，推动端侧设备场景落地；AI 驱动的搜索与网页浏览功能，通过生成 式 AI 实现从信息检索到智能交互的转变，标志着 AI 正加速向 "通用智 能体" 进化。 AI 渗透率加速提升，已成为驱动谷歌核心产品增长的重要引擎。谷歌 CEO Sundar Pichai 表示谷歌 AI 大模型及 API 月均处理 Token 量已从去年同 期的 9.7 万亿快速提升至 480 万亿，增幅达 48 倍；其搜索业务中 AI 综 述功能的月活跃用户规模达到 15 亿。谷歌 Lens 搜索次数的年增长率为 65%，今年已经完成超过 1000 亿次视觉搜索。 Gemini 系列模型持续迭代升级，加速向一站式 AI 服务平台演进。Gemini 2.5 在多模态理解、代码生成、长 ...

Core Insights - Google is transitioning to an "AI-first" strategy, moving beyond exploratory phases to a more assertive implementation of AI technologies across its product lines [2][3][4] - The introduction of AI Mode is set to redefine search experiences, transforming them from simple link retrieval to real-time, customized interactions [3][4][21] - Google emphasizes that the web is not dying but evolving, with AI enhancing the connection between users and content creators [3][4][22] AI Transformation - The AI transformation is described as a platform-level leap rather than just a functional upgrade, indicating a comprehensive restructuring of product logic [3][4] - AI is expected to significantly enhance creativity and productivity across various sectors, benefiting both developers and content creators [6][16] Search Experience Redefinition - The future of search is envisioned as a real-time interactive experience, challenging the traditional search box and link list model [3][4] - AI Mode will generate interactive charts and mini-apps, fundamentally changing how users engage with search results [2][3] Web Ecosystem Impact - The web is undergoing a transformation rather than a decline, with Google asserting its commitment to driving traffic to creators [3][4][22] - The number of web pages has increased by 45% over the past two years, indicating a growing content landscape despite concerns about AI-generated content [22][23] AI Tools and Services - AI tools are being integrated into various industries, including healthcare, where they enhance efficiency and user experience [10][12][14] - The development of AI-driven coding tools and video creation applications is rapidly advancing, showcasing the potential for widespread adoption [9][10] Competitive Landscape and Regulation - Google welcomes competition but maintains that search integrity must not yield to political pressures, emphasizing its commitment to neutrality [4][39] - The company is aware of ongoing antitrust scrutiny and is focused on maintaining its foundational technologies while innovating [38][39] Future of AI and Robotics - The next significant platform shift is anticipated to occur when AI integrates with robotics, leading to transformative changes in various sectors [41][42] - AI is viewed as a universal technology that will reshape multiple business areas, including search, YouTube, and cloud services [16][41]

张丹表示，抖音官方客服不会给用户打电话说某个功能、服务需要扣费，也不会让用户下载任何其他软 件、共享屏幕或者是跟客服添加社交好友等等。只要遇到这类情况就一定是诈骗。 抖音官方客服也会主动外呼用户，针对比如之前用户反馈过某个问题，主动跟进解决，或者是用户反馈 的材料不齐，联系用户补充材料，还有的时候是一些满意度的调研等，但全都不会涉及费用问题。 在发布会现场，张丹指导用户如何识别"假客服"，"最简单的方法，大家直接拨打抖音官方服务热线 95152进行核实，也可以打开抖音App，搜索"验证助手"，将收到的信息内容或电话号码输入，查询是 否来自抖音官方。"另外张丹表示，抖音集团和部分手机厂商合作进行了官方认证，大家接到电话，如 显示为"抖音XX热线""抖音XX专线"等认证名，则确定是官方电话。以抖音服务热线95152为例，华 为、小米、OPPO、vivo、一加和苹果等手机用户都能看到"抖音官方服务热线"的认证显示。如果来电 号码没有认证显示，但自称是抖音客服，还要求关闭或取消相关功能否则有扣费产生，则可断定为骗 子。 新京报讯（记者张静姝 实习生武亮亮）5月28日下午，北京市公安局刑侦总队召开防范虚假征信类电信 网 ...

几乎没有任何悬念，快手今年一季度财报中，主角依然是AI。不过，另一个值得关注的消息，快手海 外业务的经营利润首次转正。 不过另一方面，如果将视线转到快手的其他业务时，不难发现快手依然有一些"隐忧"存在，即基本面难 以提振的增速。 "慢下来"是快手的主旋律 在AI之前，行业对于快手的关注点主要在电商，尤其是在2023年快手电商年GMV（商品交易总额）迈 入万亿俱乐部之际，后者被视为快手的增长动力。 今年Q1，快手的电商GMV（商品成交总额）为人民币3323亿元，同比增长15.4%，在经历了电商GMV 破亿、收入增速放缓之后，如今快手电商GMV的增速已经趋于平稳。2024年Q4、Q3，快手的电商 GMV增速分别为14.4%、15.1%，与今年一季度基本持平。这意味着，即便有AI的赋能，快手电商能带 来的增长想象仍是有限的。 在兴趣电商增长放缓、极致低价变成历史的当下，全域电商先后成为抖音电商和快手电商的锚定方向。 只是快手反复强调的货架电商也仍未见起色，此次公布的财报数据中，快手泛货架电商GMV对总电商 GMV的贡献比例约30.0%。而这一数据相较于前两个季度没有明显变化，提升缓慢。而2024年Q4、 Q3、Q2 ...

Core Insights - Tencent's Hunyuan team and Tencent Music's Tianqin Lab have launched and open-sourced the HunyuanVideo-Avatar voice digital human model, which can generate dynamic video content from a single image and audio file [1] - The model integrates Tencent's Hunyuan video large model with MuseV technology, enabling it to recognize environmental information and emotional content from the input image and audio [1] - HunyuanVideo-Avatar supports various scene settings and artistic styles, breaking the limitations of traditional digital human technology by offering full-body motion capabilities [1] Application and Implementation - HunyuanVideo-Avatar has been implemented in several core products of Tencent Music Entertainment Group, including real-time singing actions in QQ Music and storytelling capabilities in Kugou Music [2] - The model employs a multi-modal diffusion Transformer (MM-DiT) architecture, ensuring consistency in character representation and extracting emotional features from audio and images [2] - The technology has achieved industry-leading levels in subject consistency and audio-visual synchronization, matching the performance of mainstream closed-source solutions [2] User Experience and Future Developments - The single-subject functionality of HunyuanVideo-Avatar is available for user experience on Tencent's official website, currently supporting audio files of up to 14 seconds [3] - The open-source initiative is expected to promote the widespread application of AI video generation technology, providing cost-effective solutions for short video creation, e-commerce marketing, and advertising [3]

Core Viewpoint - Tencent Yuanbao has launched a significant feature update that integrates with WeChat Reading and Qidian Reading, allowing users to seamlessly access book information and start reading directly from the Yuanbao platform [1][8]. Group 1 - The new feature enables users to click on book titles in Yuanbao responses, which will redirect them to WeChat Reading or Qidian Reading for more information or to begin reading [1]. - This functionality is available on mobile, desktop, and web versions of Tencent Yuanbao, and it is free for all users [8]. - The integration aims to enhance the user experience by providing a more convenient AI interaction within Tencent's ecosystem [9]. Group 2 - A previous update (version 2.18.0) hinted at similar functionalities, including support for quality book recommendations and personalized command libraries [5]. - Earlier this year, Tencent Yuanbao accelerated its integration with other Tencent services, such as Tencent Documents and Tencent News, allowing users to upload documents for AI assistance and share news articles for summarization [9].

（原标题：信"心"心理问答｜AI浪潮下的35岁职场抉择：焦虑抑或进化？） 读者来信： 我今年 34 岁，目前在一家互联网公司担任用户增长高级专员，已经在这个岗位上工作了整整 8 年。这些 年来，我见证了互联网行业的飞速发展，也见证了自己从一个懵懂的职场新人成长为如今带着 5 人小团 队的 " 老人 " 。然而，这 8 年的付出似乎并没有换来相应的回报，我的工资从未涨过超过 3% 的幅度，甚至 去年公司调岗后，我的薪资还降了。 最可怕的是，上个月，新来的实习生开始用 AI 替我写汇报了，主管说这是 " 培养新人 " ，可我却觉得这 是对我能力的否定。最让我崩溃的是上周，我熬夜做出来的用户画像模型，被技术部说 " 数据维度太 老 " ，直接用他们新买的 AI 工具重新跑了一遍。 我的生活也是一地鸡毛。每天早上 7:30 送孩子上学，然后 8:30 挤地铁去上班。中午 12:00 点外卖开会，晚 上 21:00 还在改方案。存款单上，房贷还剩 28 年，而体检报告上已经有了不少红色箭头。 但是焦虑本身并不是弱点，而是进化赋予我们的生存预警系统。它提醒我们，是时候做出改变了。面对 这种焦虑，我们可以采取一些具体的行动 ...