（文章来源：证券时报网） 数据宝统计，截至14:22，深信服成交额39.74亿元，创上市以来新高。最新股价上涨2.57%，换手率 9.06%。上一交易日该股全天成交额为36.02亿元。（数据宝） ...

A股三大指数盘中探底回升，上证指数翻红，深证成指、创业板指跌幅收窄至1%以下，软件开 发、AI智能体板块翻红，沪市规模最大的人工智能AIETF（515070）持仓股用友网络涨停，合合信息震 荡拉升大涨超8%，中科星图、科大讯飞、深信服等股涨幅居前，人工智能AIETF（515070）跌幅收窄 至1.57%。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技 术、基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互 联"地基"。前十大权重股包括中际旭创、新易盛、寒武纪-U、中科曙光、科大讯飞、豪威集团、海康威 视、澜起科技、金山办公、紫光股份等国内科技龙头。 相关产品： 人工智能AIETF（515070） 华夏中证人工智能主题ETF联接A（008585） 华夏中证人工智能主题ETF联接C（008586） 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责 ...

Core Viewpoint - Several popular AI application companies have issued risk warnings regarding their AI-related revenues and business involvement [1] Group 1: Company-Specific Insights - BlueFocus: The revenue driven by AI remains a small proportion of overall operating income [1] - Qiming Technology: The controlling shareholder, Lv Bin, and associated parties sold company shares during stock fluctuations [1] - Hengwei Technology: The company does not engage in AI-related business [1] - Hand Information: The AI products and services business is still in its early stages [1] - Guangyun Technology: AI-related product revenue constitutes a small percentage of total income [1] - Zhuoyi Information: AI programming products are currently in the market introduction phase [1]

来源：爱分析ifenxi 序言 在中国企业级应用服务发展的数十年历程中，云大厂、模型大厂与垂直应用厂商之间曾维持着长期的生态平衡，双方以基础设施、业务应用为界，各司其 职。然而，随着智能体时代的到来，这一传统边界正面临前所未有的冲击与重构。过去，由于大厂缺乏对knowhow的理解，其通用能力在深水区往往无所适 从；但在智能体逻辑下，企业需求正从流程管理转向结果交付，基础模型对原始知识的直接利用能力也显著增强，这使得大厂得以跨越藩篱，直接切入应用 层的核心价值地带。 本报告的核心受众为大厂及应用厂商的中高层决策者。报告旨在通过剖析智能体时代的越界逻辑，解决双方在业务变迁过程中的边界问题。我们将通过建立 基于任务复杂度与知识复杂度的象限判定模型，提供一张清晰的风险地图，用以判断哪些应用处于大厂的延长线上，哪些应用仍能坚守护城河。 此外，本报告不仅是一份风险评估，更是一份行动指南。针对处于不同象限的应用场景，我们为应用厂商提供了突围策略；同时也为大厂建议了从直接进攻 到生态赋能的进击边界。通过本报告的分析，我们期望推动大厂与应用厂商在新的智能体生态体系中实现利益绑定与能力互补，共同构筑智能化时代的产业 新轮廓。 第 ...

"软工任务要改多文件、多轮工具调用，模型怎么学透？高质量训练数据稀缺，又怕轨迹含噪声作弊？复杂 RL 训练成本高，中小团队望而却步？" 华为研究团队推出 SWE-Lego ， 仅基于监督微调（SFT）的软件工程代码智能体，无需复杂 RL 流程，在 SWE-bench Verified 基准中斩获同等规模开源模型 SOTA，甚至超越部分更大规模闭源模型！项目已开源，代码、模型和 全部数据一键获取 ！ SWE-Lego 具有 三大创新，包括数据、训练和测试时扩展。 1. 混合数据集构建： 3. 测试时扩展策略（TTS）： 引言 在软件工程领域，Code Agent 需要处理复杂的任务：修复 bug、重构代码、理解大型代码库。这些任务要求 Code Agent 具备 长序列推理、多文件操作和工具使用 等能力。现有的训练方法通常需要复杂的训练范式，比如强化学习（RL）或者 RL 和 SFT 的迭代组合。 这些方法虽然有效，但计算成本高，训练过程复杂。能否用更简单的方法达到同样的效果？ 华为的研究团队提出了 SWE-Lego，一个仅基于监督微调（SFT）的软工代码模型的解决方案 。在 SWE-bench Verifie ...

Core Insights - The app "Are You Dead?" has rapidly gained popularity in China, addressing the safety concerns of young people living alone, particularly in urban areas [1][3] - The founder, Mr. Guo, shared insights on the app's development and its connection to the safety needs of the independent living demographic [3][11] Group 1: Entrepreneurial Inspiration - The app was inspired by the founder's personal experiences as a young adult living alone in Shenzhen, where he felt a constant underlying fear of potential dangers [3][5] - The idea for the app emerged from discussions on social media platforms, where users expressed a desire for a tool that could alert family members in case of emergencies [7][8] - The app's name, while humorous, reflects a serious concern about the safety of individuals living alone, highlighting a significant and often overlooked market need [12][16] Group 2: Growth and Popularity - "Are You Dead?" achieved rapid growth, reaching the top three in international tool rankings in multiple countries within just a day and a half [3][11] - The user base primarily consists of young adults aged 25 to 35, predominantly female, living in first- and second-tier cities [11] - The app's virality was driven by organic sharing among users, influencers, and media, resulting in sustained interest and engagement [12][14] Group 3: Future Directions - The company is currently in the later stages of its first funding round, with significant interest from various investors recognizing the app's potential [13][16] - Future iterations of the app will focus on enhancing features, including the development of proactive AI capabilities to detect risks and intervene before emergencies occur [15][16] - The company also plans to expand its product offerings, including a related app called CareAI, aimed at ensuring the safety of children through location tracking and alerts [16][17]

Group 1 - The stock price of Jiuyuan Yinhai has increased by 5.75% to 22.99 CNY per share, with a trading volume of 744 million CNY and a turnover rate of 8.45%, resulting in a total market capitalization of 9.385 billion CNY [1] - Jiuyuan Yinhai has experienced a continuous increase in stock price for three consecutive days, with a cumulative increase of 19.45% during this period [1] - The company, established on November 24, 2008, and listed on December 31, 2015, focuses on software products, operation and maintenance services, and system integration in the field of social security and human resources [1] Group 2 - The fund managed by Huatai-PineBridge has a significant holding in Jiuyuan Yinhai, with the Huatai-PineBridge CSI Internet Medical Index (LOF) A (501007) reducing its holdings by 32,380 shares to 423,600 shares, representing 4.89% of the fund's net value [2] - The fund has realized a floating profit of approximately 529,500 CNY today and a total floating profit of 1.4996 million CNY during the three-day stock price increase [2] - The Huatai-PineBridge CSI Internet Medical Index (LOF) A (501007) was established on December 22, 2016, with a current scale of 70.2192 million CNY and a year-to-date return of 14.69%, ranking 327 out of 5,517 in its category [2]

数据宝统计，截至11:06，卫宁健康成交额52.52亿元，创2025年3月11日以来新高。最新股价上涨 14.57%，换手率20.40%。上一交易日该股全天成交额为52.35亿元。（数据宝） （文章来源：证券时报网） ...

据天眼查APP显示，创业慧康科技股份有限公司成立于1997年12月10日，注册资本154912.4692万人民 币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至11:08，创业慧康成交额13.46亿元，创2025年3月17日以来新高。最新股价上涨 6.33%，换手率13.74%。上一交易日该股全天成交额为13.45亿元。 ...

数据宝统计，截至10:33，拓尔思成交额44.95亿元，创2025年2月17日以来新高。最新股价上涨6.05%， 换手率18.03%。上一交易日该股全天成交额为44.55亿元。 据天眼查APP显示，拓尔思信息技术股份有限公司成立于1993年02月18日，注册资本87362.0932万人民 币。（数据宝） （文章来源：证券时报网） ...