Allworth Financial LP boosted its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 887.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,438 shares of the technology company’s stock after buying an additional 2,191 shares during the period. Allworth Financial LP’s holdings in PTC were worth $420,000 at the end of the most recent reporting period. Get PTC alerts: A number of other institutional investors have also recently made ...

Group 1 - Alibaba's AI strategy is shifting towards consumer applications, with the launch of the "Qwen" app marking a significant upgrade and indicating a new development phase for the product [2][4] - The "Qwen" app is expected to become a key consumer-facing application, with potential breakthroughs anticipated in 2026 [2][4] - The app's public testing has led to a surge in the AI application sector, with several software stocks experiencing significant price increases [3][8] Group 2 - Recent industry performance data shows that AI is becoming a growth enabler rather than a threat to the software sector, with notable revenue and profit growth reported by leading companies [8][9] - Companies like Kingsoft Office and Hikvision have shown substantial improvements in their quarterly performance, indicating a recovery in the software industry [8][9] - The software sector is currently underweighted in institutional portfolios, presenting a potential opportunity for capital inflow as market conditions improve [11][14] Group 3 - Regulatory changes and new policies are expected to catalyze a recovery in the software sector, with recent proposals from the China Securities Regulatory Commission aimed at enhancing investment constraints [13][14] - The government's initiatives to promote digital transformation and smart city development are likely to provide further support for the industry's recovery [14]

Core Insights - The article discusses the transformation of Customer Relationship Management (CRM) into an AI-driven system, emphasizing its role as a central nervous system for enterprises in the digital age [2][5] - SalesEase, a leader in the industry, has collaborated with the China Academy of Information and Communications Technology (CAICT) to establish the first AI CRM research report and selection standard framework in China, marking a significant milestone in the digital transformation of enterprises [5][10] Industry Overview - The evolution of CRM over the past two decades reflects the broader digitalization journey of enterprises, transitioning from a "record system" to a "process system," and now to an "intelligent partner" powered by AI [5][6] - Traditional CRM focuses on efficiency, while AI CRM emphasizes growth through dynamic customer profiling, predictive modeling, and automated task execution [5][6] AI CRM Characteristics - AI CRM differs from traditional CRM in several dimensions, including a shift from process-driven to insight-driven paradigms, and from static data to integrated, dynamic data [6] - The article outlines the "pain point triangle" for AI CRM selection, highlighting the need for standards to define AI CRM, assess its intelligence level, and guide product selection [7] SalesEase's Role - SalesEase has been recognized as a standard setter in the CRM industry, having established a comprehensive AI CRM evaluation model in collaboration with CAICT, which includes a multi-dimensional assessment framework [10][13] - The company has a long-standing commitment to AI, having built a native AI platform that integrates seamlessly with enterprise data and processes, ensuring data security and compliance [8][9] Technological Integration - The integration of AI capabilities within SalesEase's CRM system is based on a PaaS architecture, allowing for continuous learning and evolution of the AI system [11][12] - The collaboration with Tencent enhances SalesEase's AI CRM capabilities, providing advanced model training, knowledge enhancement, and security features [11][12] Market Impact - SalesEase's AI CRM has been successfully implemented in various leading enterprises, demonstrating its effectiveness in transforming AI from a concept into a tangible productivity tool [10][13] - The establishment of standards by CAICT and SalesEase is seen as a guiding signal for the future of enterprise-level AI in China, positioning the country as a reference point in the global intelligent CRM landscape [13]

在大语言模型中，超长上下文推理能力是影响其性能表现的主要瓶颈之一。 这是由于 Self-attention 的平方复杂度，和 KV 缓存显存先行、随着长度增长而造成的。例如，一个 8B 的模型在推理 1M Token 的上下文时，KV Cache 能 轻轻松松超过 100GB 显存，普通的 GPU 在这种情况下根本跑不动。 基于这一问题，新一篇 Attention 系列访谈文章，聚焦于论文 Retrieval Attention: Accelerating Long-context LLM Inference via Vector Retrieval 所提出的新机 制：一种免训练、用于超长上下文推理的动态稀疏注意力方案。 以下是绿洲与该论文核心的作者之一，微软亚洲研究院资深研究员路保同（Baotong Lu）博士的访谈梳理，全文阅读需要约 20 分钟。 Enjoy Retrieval Attention 的核心观点认为，每个 Query 实际上只需要和一小部分 Key 进行强交互即可，剩下的注意力都是冗余的；而注意力本身，其实也是天 然稀疏的。 因此，研究团队的核心做法是：把大部分 KV 向量从 GPU 下放 ...

消息面上，中国软件国际此前宣布，近日，公司与深开鸿、龙芯中芯正式签署战略合作协议，联合打造 以"开源鸿蒙+LoongArch"为核心的全链路自主"龙鸿体系"。 据悉，三方将发挥资源互补优势，中软国际依托软件应用、系统集成与国际化市场拓展能力，深开鸿凭 借开源鸿蒙操作系统全场景覆盖、分布式特性及硬实时低时延技术沉淀，龙芯中科以LoongArch自主指 令集芯片及底层解决方案为支撑，在技术、产品、市场、生态四大维度深度协同，加速"龙鸿体系"产业 化落地。 智通财经APP获悉，中软国际(00354)尾盘涨超4%，截至发稿，涨4.21%，报5.69港元，成交额2.16亿港 元。 ...

Core Insights - Alibaba's launch of the AI application "Qianwen" marks a significant shift in its AI strategy from heavy asset expansion to efficient monetization, indicating a potential recovery in the software sector [1][2] - The market reacted positively to the announcement, with many software-related stocks hitting their upper limits, reflecting investor optimism about the commercialization of AI applications [1][2] Group 1: Alibaba's AI Strategy - The rebranding of the AI application from "Tongyi" to "Qianwen" signifies a new development phase, with a focus on transitioning from B2B to B2C applications, which are expected to be a key growth area by 2026 [2] - The "Qianwen" app aims to integrate multiple AI applications under one brand, enhancing user experience and competing with other major players like ByteDance and Tencent for consumer attention [4] Group 2: Industry Performance and Trends - Recent financial reports indicate a recovery in the software sector, with several leading companies showing significant year-on-year growth in revenue and net profit for Q3 2025, driven by the introduction of AI products [5][6] - For instance, Kingsoft Office reported a 35.42% increase in net profit year-on-year for Q3 2025, a stark contrast to a decline in the previous quarter, highlighting AI's role as a growth enabler rather than a threat [5][6] Group 3: Market Conditions and Regulatory Environment - The software industry is currently at a favorable starting point for investment, with a low allocation of 2.68% in fund holdings, suggesting potential for capital inflow [7][9] - Recent regulatory changes and government initiatives aimed at promoting digital transformation are expected to support the continued recovery of the software sector [9]

Core Insights - A new company named Jinan Siwei Xinke Information Technology Co., Ltd. has been established, focusing on artificial intelligence and Internet of Things (IoT) business [1] Group 1: Company Overview - The new company is involved in the development of artificial intelligence application software [1] - It provides system integration services for artificial intelligence industry applications [1] - The company also engages in the research and development of IoT technology [1] - Additionally, it focuses on the development of network and information security software [1] Group 2: Ownership Structure - Jinan Siwei Xinke Information Technology Co., Ltd. is jointly held by Siwei Liekong (603508) and other stakeholders [1]

Group 1 - The core viewpoint is that China's space computing constellation is accelerating its construction, with the "Three-Body Computing Constellation" officially entering the networking phase, aiming to complete the deployment of over 50 computing satellites by 2025 to build an integrated space-ground computing network [1] - NVIDIA's H100 has achieved space compatibility, with computing power reaching 100 times that of previous space computers, and future tests will focus on AI processing applications [1] - SpaceX plans to accelerate its space computing layout, with the "Starship" expected to achieve an annual deployment of 1 terawatt of AI computing power, and the capacity of V3 satellites is projected to increase tenfold to 1 Tbps [1] Group 2 - The software ETF (515230) tracks the software index (H30202), which selects listed companies involved in application software, system software development, and related IT services to reflect the overall performance of the software and IT services industry [1] - This index highlights technological innovation and growth characteristics, serving as an important indicator of the development status of the domestic software industry [1]

华为相关概念走强，东方国信涨超13%，拓维信息、软通动力、常山北明等跟涨。消息面上，据相关报 道，华为将在11月21日发布AI领域的突破性技术，是通过软件创新实现英伟达、昇腾及其他三方算力 的统一资源管理与利用，屏蔽算力硬件差异，为AI训练推理提供更高效的资源支撑。 11月17日午后，A股三大指数悉数下跌，计算机、国防军工等行业领涨，医药生物、银行等行业领跌。 概念板块方面，锂矿、两岸融合、盐湖提锂、华为鸿蒙、AI算力、华为鲲鹏等持续活跃。主流ETF方 面，云计算50ETF（516630）午后一度涨超1.5%，持仓股中，东方国信、易点天下、拓维信息、数据 港、神州信息、博思软件、汉得信息等涨幅居前。 财通证券指出，长期配置方向上，继续积极应对，结构上重视筹码与盈利预期的变化，围绕景气预期向 好的性价比方向配置。筹码拥挤且预期分歧加大的成长方向，等待景气进一步验证。中期高景气+牛市 弹性仍持续看好，节奏等待产业逻辑与业绩共识再度凝聚：首先布局景气拐点的难证伪品种（存储、国 产算力、AI端侧、北美液冷&电源，创新药等），然后等待自上而下资金重新树立对连续2~3年高景气 细分的信心（光、PCB等）。 （文章来源：每 ...

Ah, the stock market. A bastion of rational thought, predictable patterns, and utterly devoid of anything resembling a reality television show. Or so one might hope. Enter former (and perhaps future) President Donald J. Trump, whose mere pronouncements have a peculiar habit of sending financial pundits scrambling for their thesauruses and investors reaching for their antacids. The past few days have been no exception, offering a masterclass in economic whiplash, served with a side of presidential pronouncem ...