企查查APP显示，近日，丝路数康科技（甘肃）有限责任公司成立，法定代表人为焦晓东，经营范围包 含：大数据服务；软件开发；人工智能应用软件开发；人工智能理论与算法软件开发；人工智能公共数 据平台等。企查查股权穿透显示，该公司由云上甘肃科技股份有限公司、创业慧康（300451）等共同持 股。 （原标题：创业慧康、云上甘肃等成立数康科技公司，含多项AI业务） ...

Group 1 - Microsoft Corporation (NASDAQ:MSFT) announced the acquisition of Osmos, an AI data engineering platform, on January 5, aimed at simplifying data workflows and enhancing Microsoft Fabric's capabilities [1] - The acquisition of Osmos is intended to support the unification of data and analytics into a secure platform for customers [1] - Microsoft also established a multi-year partnership with Cognizant on December 18 to leverage AI solutions across various industries including healthcare, retail, financial services, and manufacturing [2] Group 2 - The partnership with Cognizant involves integrating agentic AI and Copilot into workflows to improve operational resilience, productivity, and customer experience [3] - This collaboration expands Cognizant's Neuro AI Suite, utilizing Microsoft’s cloud and AI services [3] - Microsoft operates through three segments: Intelligent Cloud, Productivity and Business Processes, and More Personal Computing [4]

富国银行将微软的目标价从700美元下调至665美元，维持"增持"评级。(格隆汇) ...

Core Insights - The Frank Value Fund Institutional Class (FNKIX) achieved a return of 12.29% in 2025, outperforming the Russell Midcap Value Index which returned 11.05% [2] - Since integrating catalyst-unlocking value into its strategy in January 2022, the fund has produced a total return of 61.3%, significantly outperforming both the Russell Midcap Value ETF (23.5%) and the S&P 500 ETF (51.8%) [2] - For the three years ending December 31, 2025, the fund ranked in the top 11% of its Morningstar category, Mid-Cap Value [2] Performance Analysis - The fund's performance in 2022 was positive at 4%, while the S&P 500 and Nasdaq fell by 18% and 33%, respectively [3] - The current valuation of Microsoft (MSFT) is $3.6 trillion with expected free cash flow of $75 billion in 2026, yielding about 2% [3] - In contrast, Garrett Motion (GTX), a top holding, is expected to generate cash flow seven times relative to its purchase price, yielding 14% [3] Market Context - The S&P 500 and other index holders face opportunity costs as undervalued companies like Garrett Motion offer higher shareholder yields through dividends, repurchases, and debt reduction [5] - The Frank Value Fund currently has a dividend yield of about 2%, which is double that of the S&P 500 [5] - Seven holdings in the fund are repurchasing more than 5% of their shares outstanding annually, indicating strong capital return strategies [5] Future Outlook - Low valuations allow the fund's holdings to repurchase more stock, potentially transforming consumer staples companies into double-digit earnings growers [6] - The current market setup is reminiscent of previous years leading into downturns, suggesting a potential slowdown in large index gains in 2026 [6]

Core Viewpoint - The recent dismissal of a core R&D employee at Tongxin Software due to questioning the requirement to wear suits for the company annual meeting has raised concerns about the company's internal culture and management practices [1][2]. Company Overview - Tongxin Software, established in 2019, is a well-known domestic Linux operating system vendor in China, evolving from a team formed in 2004 [3]. - The company has developed products across various fields, including desktop, server, cloud computing, and smart terminals, collaborating closely with domestic chip manufacturers like Loongson, Feiteng, and Kunpeng [3]. Financial Performance - As of the first half of 2025, Tongxin Software reported revenue of 190 million yuan, remaining stable compared to the same period last year, with a loss of 3.44 million yuan, an improvement from a loss of 140 million yuan in the previous year [3]. Market Position - In the domestic information technology innovation market, Tongxin Software's main competitor is Kylin Software, which has held the top position in China's Linux market share for 14 consecutive years, reporting revenue of 590 million yuan and a net profit of 150 million yuan in the first half of 2025 [3]. Market Potential - The potential market size for domestic self-developed operating systems in China is optimistic, with estimates suggesting a market scale of approximately 10 billion yuan annually for Microsoft in China, considering replacement cycles every 3 to 5 years [4]. Competitive Landscape - The recent introduction of HarmonyOS 6 on Huawei's Qingtian series PCs indicates a potential challenge for domestic operating system vendors like Tongxin and Kylin, as HarmonyOS aims to penetrate the information technology innovation market [4].

Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer shared his takes on. A caller asked what was wrong with the company, and Cramer explained: “Okay, well, this is actually involved with the debt side of Oracle. They had to borrow a lot of money to be able to… build-out all these data centers they want to. Then people got increasingly worried that maybe one of its largest clients, OpenAI, won’t be able to pay for that. I now am taking that off the table. I don’t want to buy Oracle because I’m n ...

在私域经营领域，平台的价值不仅在于提供工具，更在于有效支持商家与用户之间的持续互动。一次未 能及时送达的服务提醒，可能影响商家服务的覆盖范围；一条延迟的服务交付更新通知，也可能降低用 户的积极性。深圳小鹅网络技术有限公司(旗下产品"小鹅通")作为品牌与用户之间的关键桥梁，是赋能 私域经营，服务众多商家的基础平台，认识到消息触达的稳定性对用户体验的重要性。为此，小鹅通引 入极光推送(JPush)作为平台的基础能力之一，以提升消息推送的效率和稳定性。 小鹅通与极光的合作，是基于提升平台服务能力的技术整合。通过引入极光推送的稳定、高效触达能 力，小鹅通进一步增强了其对商家的支持，帮助优化用户互动和运营效率。这一合作旨在为私域生态的 稳定和发展提供技术支持。 小鹅通平台为众多商家，构建起 "种草用户 — 激活需求 — 完成转化 — 沉淀关系" 的全链路闭环。对于 这些商家而言，除了基础的内容发布工具，他们还需要能够有效连接用户、促进社群活跃的功能。其 中，服务交付提醒、新产品上线通知、社群互动及优惠活动等信息，是维持用户参与的关键。然而，移 动设备型号多样、系统休眠策略及网络环境不稳定等因素，可能影响消息的及时触达。 ...

Core Viewpoint - The recent dismissal of a core R&D employee at Tongxin Software over a dress code dispute highlights internal tensions and management style within the company, which is a prominent player in the domestic Linux operating system market [1][3]. Company Overview - Tongxin Software, established in 2019, is a well-known domestic Linux operating system vendor, evolving from a team formed in 2004. The company’s products span desktop, server, cloud computing, and smart terminal sectors, collaborating closely with domestic chip manufacturers like Loongson, Feiteng, and Kunpeng [3]. - As of the first half of 2025, Tongxin Software reported revenue of 190 million yuan, remaining stable compared to the previous year, while incurring a loss of 3.44 million yuan, an improvement from a loss of 14 million yuan in the same period last year [3]. Competitive Landscape - In the domestic information technology innovation market, Tongxin Software's main competitor is Kylin Software, which has held the top position in China's Linux market for 14 consecutive years. Kylin Software reported revenue of 590 million yuan and a net profit of 150 million yuan in the first half of 2025 [4]. - The potential market for domestically developed operating systems is optimistic, with estimates suggesting a market size of approximately 10 billion yuan annually for Microsoft in China, indicating significant opportunities for growth in the sector [4]. Management and Strategic Direction - The recent incident involving the dismissal of a key employee reflects the management style of Lin Wei, who will assume the role of chairman in January 2024. The company is focused on technical research and development, aiming to create a recognized Chinese operating system [3]. - The strategic direction emphasizes the importance of self-reliance in technology to avoid being "choked" by foreign technology, as articulated by former chairman Wang Jiping [3].

Despite a year marred by geopolitical tensions, DeepSeek fears, and persistent whispers of a tech bubble, the AI trade defied skeptics to anchor the stock market in 2025.With the Nasdaq-100 finishing up 20.2%, I/O Fund analyst Beth Kindig has released a review of the year’s top 10 tech stocks, offering a blueprint for identifying the next wave of market leaders in 2026.The ‘Real’ AI Trade EmergesThe 2025 market was defined by a decisive rotation toward the “physical” layers of the AI stack. While early boom ...

Shutthiphong Chandaeng/iStock via Getty Images Dear Fellow Investor, This is the sixteenth annual letter to owners of the Fundsmith Equity Fund (‘Fund’). The table below shows performance figures for the last calendar year and the cumulative and annualised performance since inception on 1st November 2010 and various comparators. % Total Return 1st Jan to 31st Dec 2025 Inception to 31st Dec 2025 Sortino Ratio 6 Cumulative Annualised Fundsmith Equity Fund 1 +0.8 +612.9 +13.8 0.75 Equities 2 +12. ...