Core Insights - 2025 is anticipated to be the year of AI explosion, with algorithms, computing power, and data being the three essential elements of artificial intelligence, increasingly becoming a ubiquitous new productive force [1] - Recommendation algorithms are a core application of AI technology, and Chinese internet companies like Douyin are proactively disclosing algorithm principles to enhance public understanding and alleviate fears surrounding new technologies [1][12] - Zhang Libo, a researcher from the Institute of Software, Chinese Academy of Sciences, emphasizes the importance of algorithm literacy and the need for public education on algorithms to bridge the gap between public perception and reality [5][10] Group 1 - The public's anxiety and fear regarding algorithms are often disconnected from the actual technology, which can hinder effective usage [5][11] - Algorithm literacy is seen as a pathway to empower individuals, allowing them to transition from passive users to active participants in utilizing algorithms for personal growth [9][10] - The understanding of algorithms can lead to more rational industry discussions and foster innovation, as a well-informed public can engage in meaningful conversations about mechanisms, boundaries, and responsibilities [10][12] Group 2 - Algorithm education is challenging due to the complex mathematical concepts involved, which can be difficult for the general public to grasp [11] - There is a growing recognition of the importance of understanding algorithms, with discussions around algorithm transparency and explainability becoming more concrete [12] - Platforms like Douyin are making efforts to clarify how their algorithms operate, which is crucial for enhancing public algorithm literacy and enabling users to shift from passive acceptance to active engagement [12][13]

Core Viewpoint - Britain's competition regulator has proposed measures aimed at enhancing Google search services, focusing on ensuring publishers receive fairer compensation for their content [1] Group 1: Regulatory Measures - The proposed measures include a package designed to improve the search services provided by Google in the UK [1] - The regulator emphasizes the need for a fairer deal for publishers regarding how their content is utilized by Google [1]

Core Viewpoint - The European Commission has initiated two formal proceedings to ensure Google complies with the Digital Markets Act, focusing on interoperability and data sharing practices related to its Android operating system and search data [1][2]. Group 1: Interoperability Obligations - The first proceeding addresses Google's obligations under Article 6(7) of the Digital Markets Act, requiring Google to provide third-party developers with free and effective interoperability with features controlled by its Android operating system [2]. - The focus is on features utilized by Google's proprietary AI services, such as Gemini, to ensure third-party AI service providers have equivalent access, promoting innovation and competition in the AI landscape on mobile devices [3]. Group 2: Data Sharing Obligations - The second proceeding pertains to Google's obligations under Article 6(11) of the Digital Markets Act, mandating access for third-party online search engine providers to anonymized data from Google Search, including ranking, query, click, and view data [4]. - The proceedings will evaluate the extent of data sharing, anonymization methods, conditions for data access, and eligibility of AI chatbot providers to utilize this data, aiming to enhance competition against Google Search [5]. Group 3: Regulatory Process and Timeline - The European Commission aims to clarify compliance measures for Google regarding interoperability and data sharing obligations, with proceedings expected to conclude within six months and preliminary findings communicated within three months [7].

2026年，互联网大厂针对AI的布局进入深水区，互联网大佬也陆续发布针对AI的观点。南都N视频记者 了解获悉，近期阿里巴巴创始人马云在线参与马云乡村公益基金会"腊八之约"活动时，围绕AI与教育的 关系分享了一些自己的观点。马云表示，AI时代不要再犹豫用不用AI，而是应该怎么教我们的孩子去 用好AI。 "未来人的时间越来越宝贵，帮用户节省时间、提高效率是非常重要的，这也是我们产品可以融入AI来 帮忙的一个思考点。"马化腾表示。 马云表示，有了AI，教育不再是让孩子去和AI比拼计算和记忆，而是让孩子保持好奇，好奇心才是算 力的源泉。因为AI时代的鸿沟其实不是技术的鸿沟，而是好奇心、想象力、创造力、判断力和协同能 力的鸿沟。AI时代，未来的教育不是让孩子背得更多，记得更多，而是让他们想得更有趣，想得更有 创意，想得更加独特。AI时代，我们的教育不是让一千个学生给出同样一个正确的答案，而是让一千 个学生学会提出一万个不同的好问题。 据公开报道，1月26日下午在腾讯2025年度员工大会上，腾讯公司董事会主席兼首席执行官马化腾也针 对AI进行了发言。他表示，2025年是AI大年，腾讯的业务线中唯一花钱比较多、且目前唯一还 ...

Group 1 - NetEase, Inc. will report its financial results for the fourth quarter and fiscal year 2025 on February 11, 2026, before the U.S. market opens [1] - The earnings teleconference call will occur at 7:00 a.m. Eastern Time on February 11, 2026, with management discussing the quarterly results and answering questions [2] - Interested parties can participate in the conference call by dialing 1-914-202-3258 and providing the conference ID: 10052758 [3] Group 2 - NetEase is a leading internet and game services provider, known for its premium content and extensive gaming ecosystem [4] - The company has one of the largest in-house game R&D teams, focusing on mobile, PC, and console gaming to create superior gaming experiences [5] - Beyond gaming, NetEase offers services through subsidiaries like Youdao, an intelligent learning and advertising solutions provider, and NetEase Cloud Music, an online music platform [6]

广告收入承压、传统搜索边界被不断侵蚀，百度早已不再满足于"有没有AI应用"，而是在更现实地追问：还有哪些AI能力，能够跑出高ROI的商业回报。 PSIG的成立，正是这一转向的集中呈现：在AI应用进入规模化竞争阶段，百度需要创始人亲自下场，将已验证商业潜力的C端资产独立出来，抬升战略权 重，其背后，是对AI投入回报的重新排序。 最近，百度在To C领域的排兵布阵明显加快了节奏。 相比之下，百度的AI叙事显得极为克制，甚至更像一场"结算"，其对外口径并未强调未来投入规模，而是称自23年文心大模型推出后，在AI领域已累计投 入超1000亿元。 这种"谨慎"，并非是财力不足，恰恰相反，百度的现金及等价物占总资产比例高达45%，在互联网大厂中居于首位，根源还是百度营收支柱的结构性承 压。 流量广告作为百度的生命线，近两年在短视频分流与生成式 AI 的冲击下持续萎缩。 原散落在各部门（如大搜索）的数字人团队统一收拢至电商部门，由百度集团副总裁平晓黎统一负责。 又将AI商业化跑得最好的两大业务百度网盘和百度文库合并，组建了个人超级智能事业群组（PSIG），由百度集团副总裁王颖挂帅，直接向李彦宏汇 报。 C端AI应用正式脱离 ...

分析师Mandeep Singh和Robert Biggar在周二的研报中表示，Pinterest此次调整"可能意味着Pinterest将更 激进地投资AI能力建设，而这会对其毛利率造成压力"。 两位分析师还补充道，尽管AI领域的投入会带来短期成本压力，但有望推动公司广告定价能力提升 ——目前Pinterest在直接响应式广告领域，与Meta等头部竞争对手仍存在差距。 Wedbush分析师Scott Devitt认为，Pinterest此次官宣裁员，"与我们的研判一致：消费者对各类搭载AI的 竞争平台及智能电商工具的接受度不断提升，正给Pinterest带来日益加剧的市场威胁"。 他还表示："目前判断这些举措能否缓解投资者的担忧仍为时过早，但我们对公司未来业绩预期的调整 倾向于下修。" Pinterest(PINS.US)宣布，计划裁员"近15%"并缩减办公场地，将资源重新调配至人工智能(AI)领域的布 局与投入。 根据提交给美国证券交易委员会的文件，这家内容搜索与发现平台预计此次调整将产生3500万至4500万 美元的税前相关支出，相关重组计划预计在2026年9月30日结束的第三季度末完成。据此前监管文件披 ...

马云上一次在公开场合提及AI还是在去年4月。据报道，当时马云在阿里云新财年启动会上发表演讲提及，今天阿里云的资 源和技术人才，既是发展云计算和AI的信心所在，更是责任所在。"科技的意义是要让人类活得更好，活得更有意义，是让 所有的普通人从中受益。" 他强调，"我们不是去追求让机器像人，而是让机器去理解人类，像人类一样去思考，做人类做 不到的事情。" 据公开报道，1月26日下午在腾讯2025年度员工大会上，腾讯公司董事会主席兼首席执行官马化腾也针对AI进行了发言。他 表示，2025年是AI大年，腾讯的业务线中唯一花钱比较多、且目前唯一还值得大力投入的就是AI。他认为，ChatGPT和 DeepSeek改变了AI发展的进程，但每个企业穿越周期的节奏不一样，过往业务的常青保证了腾讯在AI上可以长期投入。 马云表示，有了AI，教育不再是让孩子去和AI比拼计算和记忆，而是让孩子保持好奇，好奇心才是算力的源泉。因为AI时 代的鸿沟其实不是技术的鸿沟，而是好奇心、想象力、创造力、判断力和协同能力的鸿沟。AI时代，未来的教育不是让孩 子背得更多，记得更多，而是让他们想得更有趣，想得更有创意，想得更加独特。AI时代，我们的教育 ...

微信十五岁了，该来些新东西了。 「微信口袋」把散落在微信里的各种文章、链接、重要信息装进统一空间，状态保留，随取随用； 「固顶转发」将最常转发的联系人和群聊置顶在转发界面，还支持一键同时转发给多个对象，避免转错人的尴尬； 朋友圈加入了「预览编辑」功能，发布前可以预览文字的展现效果，还能修改图片次序、大小，调整好后一键发布，无缝衔接。 田飞把这些文章转发到朋友圈。没多久，留言开始涌进来。有朋友问「微信终于把这个做出来了」「我怎么还没收到更新？」「到底什么时候上线？」 他有点不好意思，又有点得意。 2026 年初的一个凌晨，田飞按下了公众号「IDL 创新设计实验室」的发布按钮。 四篇文章，记录了微信正在进行的四个功能灰度更新： 「清理白名单」让用户可以一键删除白名单以外的其它聊天记录，快速释放存储空间，避免误删重要内容； 不好意思是因为，这些所谓的新功能确实存在，但它们并非来自「官方」；得意则不仅在于这些新功能都是他的学生设计的，还因为一个在心里放了很多 年的想法，终于部分实现了。 每个人用微信都会遇到这样那样的不满，每个人都觉得自己能比微信团队做得更好。 不到 20 岁时，田飞就是 Foxmail 用户，谈起张 ...

on 27-Jan-2026 U.S. Internet Meta Platforms Inc. Rating Outperform Price Target META 870.00 USD 27 January 2026 Mark Shmulik +1 917 344 8508 mark.shmulik@bernsteinsg.com Wenhuan Chang +1 917 344 8546 wenhuan.chang@bernsteinsg.com Deeksha Pandey +1 917 344 8447 deeksha.pandey@bernsteinsg.com Lavnik Balyan +1 917 344 8563 lavnik.balyan@bernsteinsg.com Meta Investment Memo: Pumping AI Iron It's still January which means gyms are full of new year resolutioners, weather permitting. In the AI gym, where gains are ...