证券日报网讯2月2日，久其软件（002279）在互动平台回答投资者提问时表示，公司密切关注AI应用 的最新动态，从长期趋势上来讲，公司认为AI能帮人从繁琐、重复性工作中解放出部分精力已是趋 势。在政企行业，公司AI平台女娲GPT已推出智能问答、智能问数、智能审核、AI业务流、MCP和智 能编排等能力，同时为保障在政企严谨场景中的安全应用，公司AI团队会持续结合本体技术、多智能 体协同技术实现更高自动化、更安全、概念更统一的AI应用，为政企客户逐渐赋能、提升业务效率。 ...

International Market - The U.S. labor market remains in a weak balance, with the unemployment rate unchanged at 62.4%, reflecting limited changes in employment dynamics [6][11] - Core inflation has cooled, with December CPI at 2.7% year-on-year and core CPI at 2.6%, both aligning with market expectations [6][11] - The FOMC meeting in January did not provide strong guidance, maintaining the policy rate between 3.5% and 3.75%, with political factors influencing dissenting votes [11][13] - Geopolitical tensions, particularly regarding Iran and trade relations with Europe, are causing market volatility, impacting oil prices and overall economic sentiment [14][15] Domestic Market - China's GDP growth for 2025 is projected at 5%, with December exports showing strength while investment and retail sales are weaker [31][33] - Financial data indicates a narrowing gap between M1 and M2 growth rates, with M2 growth at 8.5% and M1 at 3.8%, suggesting a decline in market liquidity [33][35] - The A-share market in January exhibited a rebalancing trend, with traditional value sectors like materials and energy performing well, while technology sectors showed relative strength [35][36] - Looking ahead to February 2026, the A-share market is expected to enter a consolidation phase, with a focus on sectors like storage chips, AI applications, and robotics [42]

来源：滚动播报 受英伟达和甲骨文相关担忧影响，道琼斯欧洲人工智能股票暴跌。 ...

Core Viewpoint - Oracle's stock price fell by 4.7% in pre-market trading after the company announced plans to raise $45 billion to $50 billion by 2026 for expanding its cloud infrastructure capabilities [2][6] Group 1: Funding Plans - Oracle plans to raise approximately half of the funds through equity-linked securities and common stock, including mandatory convertible preferred securities and a new market offering plan of up to $20 billion [2][6] - The remaining funds will be raised through senior unsecured bonds expected to be issued in early 2026 [7] Group 2: Market Concerns - Bondholders filed a lawsuit against Oracle in January, claiming the company concealed significant additional borrowing needs, which heightened market concerns [7] - The cost of credit default swaps surged to a five-year high in December, reflecting increased market anxiety regarding Oracle's financial situation [7] Group 3: Stock Performance - Oracle's stock has declined by 15.5% year-to-date [3][8]

Core Viewpoint - The article discusses Apple's financial performance and the ongoing controversy surrounding its "Apple Tax," highlighting the company's strong revenue growth, particularly in the Greater China region, and the implications of its service revenue model [4][5][9]. Financial Performance - Apple reported its first-quarter financial results for fiscal year 2026, achieving record highs in several key financial metrics, driven by strong demand for the iPhone 17 and a service revenue that surpassed $30 billion for the first time, reaching $30.01 billion, a year-on-year increase of approximately 14% [5][6]. - In the first quarter of fiscal year 2026, revenue from the Greater China region reached $25.53 billion, boosted by a 38% increase in iPhone 17 demand, contributing 17.7% to Apple's total revenue growth [5][9]. Service Revenue Insights - The service segment's gross margin is approximately 77%, significantly higher than Apple's overall gross margin of 46%, indicating a highly profitable business model [9]. - The service revenue growth is closely tied to Apple's large active device base, which exceeds 2.5 billion units, creating a network effect that enhances revenue from the App Store, paid subscriptions, and other services [9]. "Apple Tax" Analysis - The "Apple Tax" in the Greater China region accounts for about 10% of total revenue, compared to 8.8% in the U.S. and 4.6% in Europe, indicating a higher burden on Chinese consumers [12]. - Estimates suggest that the revenue from the "Apple Tax" in Greater China could reach approximately 50 billion RMB in 2025, with a gross profit of around 38.5 billion RMB, highlighting its profitability [12]. Regulatory Environment - Despite rising global scrutiny and regulatory changes in other regions, the "Apple Tax" remains unchanged in China, reflecting Apple's strong market position and its dual strategy of hardware sales and service revenue generation [13][16]. - The article notes that various global jurisdictions are pushing back against Apple's commission structure, yet China has not seen similar regulatory movements, maintaining the highest commission rates globally [20][21]. Consumer Awareness and Legal Actions - There is a growing awareness among Chinese consumers regarding the fairness of Apple's pricing policies, leading to formal complaints against the company for its market dominance and high fees [23][24]. - The complaints include demands for the opening of third-party payment channels and a reduction in the commission rates, indicating a shift from passive acceptance to active advocacy for consumer rights [25][26]. Future Implications - The article suggests that the ongoing regulatory and consumer pressures could reshape the digital market landscape in China, potentially leading to a more equitable distribution of profits and enhanced competition [27][28]. - A more transparent and fair market environment is seen as essential for the long-term competitiveness of China's digital economy on a global scale [30][31].

每经AI快讯，开普云今日跌停，成交额8.61亿元，换手率6.03%，盘后龙虎榜数据显示，沪股通专用席 位买入4263.05万元并卖出2239.37万元，有3家机构专用席位净卖出2.44亿元。 ...

Core Viewpoint - The company is leveraging both its self-developed Tianmu large model and various domestic AI large models to optimize performance across different application scenarios in image and video generation [1] Group 1: Model Utilization - The company integrates various AI large models based on performance in 2D/3D/real-person image and video generation [1] - The self-developed Tianmu large model provides a cost advantage in computing power, enhancing the company's bargaining power when utilizing third-party large models [1] Group 2: Product Profitability - The combination of optimal performance and strong bargaining power allows the company to maintain product profitability [1] - Future overseas versions will include various excellent models to ensure users have access to up-to-date underlying technology capabilities [1] Group 3: User Experience - The company aims to provide users with the best creative effects and experiences through its model configurations [1]

证券日报网2月2日讯，万兴科技（300624）在接受调研者提问时表示，目前AI漫剧生产领域面临的主 要技术难点包括剧本创作、资产生成以及创作流程中的工具碎片化问题。首先，剧本创作上，尤其是在 购买剧本或小说的改编过程中，存在准确度和效率问题。虽然已有大语言模型的能力，但通用模型很难 充分理解垂直场景内容并保证剧本内容的连贯性。为此，公司开发了基于垂直领域知识的AIAgent，可 以辅助编剧提升创作效率，特别是在剧本的结构化拆分方面。在剧集内容创作上，有三个主要痛点：一 是资产生成。传统方式中，美术人员需要逐字逐句提炼每个场景和道具，这一过程非常耗时。通过AI 自动提取道具并生成基础版提示词，资产生产效率得以提升50%。二是创作工具的碎片化。传统创作流 程中，美术、分镜、资产管理等各环节使用不同工具，且工具间不兼容，协作效率低。公司提供了一站 式的资产管理和协作方案，帮助各环节流畅对接，提升创作效率。三是分镜的拆解。传统分镜制作依赖 大量人工，效率低下。通过AI技术的介入，分镜拆解的效率可以得到大幅提升。 ...

Core Viewpoint - The Shanghai Municipal Political Consultative Conference emphasizes the continuous optimization and upgrading of the industrial system, focusing on the development of three leading industries and six emerging pillar industry clusters as part of the "14th Five-Year Plan" [1][3]. Group 1: Leading Industries - The three leading industries in Shanghai—integrated circuits, biomedicine, and artificial intelligence—are expected to perform well by 2025, with a focus on transmitting advantages to upstream and downstream industries and transforming traditional industries [3][4]. - By 2025, the manufacturing output value of the three leading industries is projected to grow by 9.6% year-on-year, with integrated circuits expected to increase by 15.1% and artificial intelligence by 13.6% [4]. Group 2: Biomedicine Sector - The biomedicine sector is experiencing a transition from chemical generic drugs to innovative drugs, with a focus on international market expansion for innovative drug products [5]. - Shanghai aims to encourage the gathering of companies aspiring to become global biomedicine enterprises, enhancing their commercialization capabilities [5]. Group 3: Emerging Pillar Industries - The construction of a modern industrial system involves multi-layered development, with mature sectors needing acceleration, growth sectors requiring nurturing, and frontier sectors needing precise identification and rapid layout [6]. - Financial support is crucial, including the establishment of future industry funds to provide diverse financing services [6]. Group 4: AI and Data Technologies - AI, big data, and blockchain are highlighted as key areas of focus, with AI expected to transition from trial phases to widespread application in various industries [7]. - The development of GPU companies and the need for standardized software development and system programming are emphasized, with calls for industry leadership to establish unified standards [8]. Group 5: Data Security and Blockchain - Blockchain technology is proposed as a solution for ensuring data security and compliance in AI applications, with potential opportunities in data processing services and tokenized data trading platforms [8].

Core Viewpoint - The company has received a notification from the Shenzhen Stock Exchange regarding the suspension of the review of its current transaction due to the expiration of the financial information provided in the application documents [1] Group 1 - The company was notified on January 31, 2026, that it needs to submit additional financial information [1] - The suspension of the review is in accordance with the relevant regulations of the Shenzhen Stock Exchange regarding major asset restructuring [1]