衡宇 发自 凹非寺 量子位 | 公众号 QbitAI 与此同时，慢病患者增多、随访任务越来越重，也让诊室之外的工作变得越来越难应付。 在多数基层门诊里，一个医生往往要从早忙到晚，患者一拨接一拨。 就在这样的日常困境里，一条政策落地了。 本月，国家卫健委发布了《促进和规范"人工智能+医疗卫生"应用发展的实施意见 （以下简称"实施意见"） 》。 其中，"人工智能+基层应 用"被列为八大重点方向之首 。 国家层面还点明： 到2030年，基层诊疗智能辅助应用基本实现全覆盖。 而将其转化为临床实效，才是真正的考验。政策在推进，临床仍然拥堵；科研在进步，基层依旧高负荷。 基层医生真正需要的AI，一定不是炫技的AI，而是能在临床真正派上用场的助手。 可怎样的AI才能做到后者？ 病种繁杂、节奏飞快，查文献、请会诊这些理想中的操作，根本挤不进大夫有限的工作时间。 量子位走访多名专家，得到了一个统一的答案： 能真正帮到中国基层医生的AI，必须同时做到两件事 。 可目前的AI，能在诊中给出有依据、可溯源、不误判的建议了吗？能在诊后帮忙顶住随访的压力、把慢病管得住吗？ 最近，不少专家和基层医生，都在使用一个AI系统来把这两件事真正跑 ...

组委会 发自 凹非寺 量子位｜公众号 QbitAI 「2025人工智能年度榜单」将于今日截止申报。 本次评选已经从 企业 、 产品 、 人物 三大维度，设立五类奖项。 欢迎企业抓住最后时间，尽快报名！ 企业榜 产品榜 人物榜 2025 人工智能年度 焦点人物 报名方式 本次评选将于 今日 截止。评选结果将于12月10日 MEET2026智能未来大会 上正式公布。 扫描二维码即可报名评选： 网页端链接：https://wj.qq.com/s2/23740133/iso8/ 如对本次评选有其他疑问，请联系量子位工作人员。添加微信18801103170，或邮件发送至linyu@qbitai.com，并备注「评选-企业-姓 名」。 详细评选标准及报名方式如下。 2025 人工智能年度领航企业 将面向中国人工智能领域，评选出最具综合实力的企业， 参选条件 ： 评选标准 ： 2025 人工智能年度 领航企业 2025 人工智能年度 潜力创业公司 2025 人工智能年度 杰出产品 2025 人工智能年度 杰出解决方案 1、注册地在中国，或主营业务主要面向中国市场； 2、主营业务属于人工智能及相关产业，或已将人工智能广泛应用 ...

根据最新披露的文件，硅谷"风投教父"彼得・蒂尔（Peter Thiel）旗下的蒂尔宏观基金（Thiel Macro Fund），已在今年第三季度将其持有的全部英伟达股 份清仓。据智通财经，相关测算显示，基于英伟达7月至9月期间的平均股价，此次出售股份的价值接近1亿美元。 蒂尔被业界称为硅谷"风投教父"，是金融科技巨头Paypal和国防AI公司Palantir的联合创始人，并成功早期投资了LinkedIn、Space X、Facebook等知名科技 公司。 值得一提的是，蒂尔与马斯克及特朗普关系密切。蒂尔与马斯克共同创立Paypal，并在早期就投资了马斯克的Space X。此外，蒂尔还曾担任特朗普第一 任期的"过渡团队"（transition team）成员，是硅谷为数不多的特朗普支持者之一。 图：彼得・蒂尔（Peter Thiel） 资料图 在清仓前，蒂尔曾警告英伟达估值过高，并将科技股估值飙升与1999-2000年互联网泡沫破灭进行了类比。他曾警告称，人工智能的炒作周期远远领先于 其真正的经济效益。 事实上，市场对人工智能催生的科技估值泡沫的担忧正日益加剧。 每经编辑｜许绍航 继日本首富、软银孙正义后，又一 ...

这两大事件，标志着AI领域的竞争已从技术研发的"军备竞赛"，正式转向应用落地的"市场争夺战"。这 场由科技巨头主导的互联网争夺战，其核心意义在于抢占下一代人机交互的入口和生态主导权。 继上周曝出巴菲特旗下伯克希尔买入谷歌股票后，本周AI应用领域将出现两大事件。 首先，被阿里核心管理层视为"AI时代的未来之战"的千问项目，今天被正式宣布，千问App公测版正式 上线。千问项目，意在进军AI to C市场，与ChatGPT展开全面竞争。 其次，谷歌即将发布Gemini 3.0人工智能模型，预测市场显示该模型将于本周推出。其首席执行官在社 交媒体上以"思考表情"回应相关猜测，几乎确认了这一时间表。 此前据媒体报道，多位内部人士向Business Insider透露，新模型表现"极其惊艳"。若 Gemini 3果真成为 现象级产品，谷歌有望借此一举夺回生成式AI浪潮开启以来始终觊觎的行业头把交椅。 对于行业而言，这种白热化的竞争将产生多重积极作用。首先，它极大地加速了AI技术的普及和产品 化。其次，巨头混战将催生更多元的应用场景和商业模式。 今天，A股三大指数集体回调。截至收盘，上证指数下跌0.46%，深证成指、创业板 ...

传统避险资产黄金本月出现异常表现，与美股同步下跌，这一罕见现象暴露出市场可能面临更深层次的危机——投资者正 失去安全的避风港。 上周五金价下跌超2%，且创下一周以来新低，同期标普500指数较前一交易日一度下跌1.3%，比特币跌破95000美元。这种 同向波动表明市场流动性紧张，投资者被迫抛售盈利资产以弥补其他持仓的损失。 历史数据显示，黄金与标普500指数今年11月的21日滚动相关性为正值0.22，延续了10月以来的微弱正相关态势。分析人士 警告，随着人工智能泡沫担忧升温，期望通过黄金对冲科技股风险的投资者可能在短期内失望。 流动性压力驱动异常波动 黄金与股市的同步下跌背后是市场流动性紧张的信号。期货经纪公司Altavest联合创始人兼管理合伙人Michael Armbruster指 出，短期内黄金可能与其他风险资产同步波动，因为投资者在寻求流动性。 上周五交易时段，标普500指数一度短暂转涨后最终小幅收低，而比特币和黄金价格全天下跌。此前一日该股指大幅下挫， 使其11月整体呈现亏损态势。 标普500指数受科技板块拖累，市场对经济整体健康状况的质疑加剧。 传奇投资者Michael Burry做空Palanti ...

Core Viewpoint - The consensus among major securities firms is that the A-share market is expected to enter a "slow bull market" in 2026, with a shift in investment opportunities from technology dominance in 2025 to multiple main lines in 2026 [1][3]. Group 1: Market Outlook - The A-share market has entered a new bull market since the policy measures introduced on September 24, 2024, with the Shanghai Composite Index reaching a ten-year high in 2025 [2]. - Major securities firms predict that the market will continue to evolve within a slow bull framework, with a key characteristic being the shift in driving forces [3][4]. - CITIC Securities emphasizes that A-shares should be viewed from a global demand perspective, as Chinese companies' advantages in the global value chain are transforming into pricing power, forming the basis for a low-volatility slow bull market [3]. Group 2: Driving Forces - There is a general expectation among securities firms that the driving force for the market will shift from "valuation recovery" to "profit-driven" or "fundamental verification" in 2026 [4]. - CICC estimates that the overall profit growth for A-shares in 2026 could be around 4.7%, with many industries nearing performance improvement [4]. - Dongwu Securities notes that the overall revenue and profit growth for A-shares has ended a four-year downward cycle and is beginning to rebound, supported by economic reforms and improved supply-demand dynamics [4]. Group 3: Investment Styles - The debate among securities firms centers on whether the market style will shift from "growth" to "value" in 2026, with Dongwu Securities identifying June 2026 as a potential key time for this transition [6][7]. - CICC suggests that the market style may become more balanced, as many cyclical industries approach supply-demand equilibrium [8]. - Guotai Junan recommends maintaining a focus on technology while also considering previously underperforming sectors such as real estate and consumer goods during the bull market [8]. Group 4: Investment Themes - Securities firms highlight three main investment themes: technology growth, Chinese companies going global, and cyclical resource products [9][10]. - The technology growth sector remains a favored direction, with a shift in focus from concepts to performance, particularly in application breakthroughs [9]. - The trend of Chinese companies expanding internationally is seen as a significant opportunity, with recommendations to focus on sectors like home appliances, engineering machinery, and global pricing resources [10][11].

Core Viewpoint - Alibaba's launch of the "Qianwen" app is seen as a strategic move in the "AI era's future battle," aiming to create a personal AI assistant that can chat and perform tasks, positioning itself as a future AI lifestyle gateway [4][6]. Group 1: Product Launch and Features - On November 17, Alibaba officially announced the "Qianwen" project, with the public beta version of the app now available [5]. - The "Qianwen" app is positioned as Alibaba's most powerful model official AI assistant, featuring capabilities such as conversational Q&A, intelligent writing, and a multi-modal camera function [7]. - A key anticipated feature of the "Qianwen" app is the upcoming shopping agent, which will allow users to shop on platforms like Taobao and Tmall using natural language commands [10]. Group 2: Market Positioning and Strategy - The launch of the "Qianwen" app is widely regarded as Alibaba's determination to compete directly with ChatGPT in the consumer application market [13]. - Alibaba's Qwen model series has achieved significant success, with over 600 million downloads and more than 170,000 derivative models as of September 2024, accounting for over 30% of global model downloads on Hugging Face [13]. - The company is consolidating its consumer-facing AI products to create a unified application outlet, enhancing its influence in the consumer market [15]. Group 3: Industry Trends and Competitive Landscape - The transition from "Tongyi" to "Qianwen" reflects an industry consensus that the success of AI products in attracting consumer users increasingly relies on the enhancement of underlying model capabilities rather than traditional marketing [17]. - Major companies are accelerating investments in consumer AI products and organizational integration, as seen with Tencent and Baidu's strategic realignments [18]. - The competitive landscape is intensifying, with OpenAI continuously releasing new applications, indicating that the cycle of model advancement is shortening, making model capability a critical product for companies [21].

"这是真的，"他说：" 我们在人工智能方面还处于起步阶段，这是真的。 现在不是2000年。" Krumpelmann补充称，股市回调也揭示了"大型龙头股"以外的机会。那些在今年人工智能硬件热潮中表现落后的软件公司，现在看起来越来越有吸 引力。 "像ServiceNow这样的公司……今年以来下跌了20%。在相当长的一段时间里，它们从未像现在这样便宜过，"他说道，并补充称，该公司认为"除了 科技七巨头的股票之外，网络安全领域还有很多机会"。 尽管出现了一个多月以来最剧烈的回调，但华尔街策略师表示， 这更像是获利回吐和政府"关门"引发的波动，而不是人工智能或盈利前景出现真正的 裂痕。 Mariner Wealth Advisors的首席投资策略师兼股票主管Jeff Krumpelman表示，长期人工智能投资者不应该感到恐慌。他解释说，"我们有点像是 在'坚守阵地'。" 这位策略师强调，人工智能的早期应用仍然是一个强大的多年主题，目前的波动不应与类似于互联网泡沫的兴衰相混淆。 来源|财联社 过去一周，科技股经历了动荡，投资者纷纷撤出了今年"一路狂飙"的人工智能（AI）领域，对12月降息的预期也备受打击，并在历史上持续 ...

Core Insights - The conference focused on the forefront of artificial intelligence development, gathering top scholars and industry leaders to discuss the evolution of AI technology and its integration with various industries [1][2][3] Group 1: AI Research and Development - Tsinghua University's Institute for Interdisciplinary Information Sciences, established in 2011, aims to promote deep integration of AI with economics, manufacturing, healthcare, and finance, providing strong technical support for industry upgrades [1] - The institute's director, Yao Qizhi, emphasized the transformative potential of AI large models across industries and the need for continuous innovation while ensuring AI safety and reliability [1] Group 2: Talent Attraction and Collaboration - The conference launched a talent service list to attract global top AI talents, enhancing the talent aggregation effect in the AI field and providing intellectual support for technological innovation [1] - A cooperation signing ceremony between Tsinghua University and Wan Tong Development was held to foster deep collaboration in AI technology research, achievement transformation, and innovation application [2] Group 3: Industry Growth and Collaboration - The AI industry in China has been rapidly developing, with continuous improvement in technological innovation capabilities and expanding application scenarios [3] - The conference served as a high-level platform for experts and industry representatives to share resources and foster collaboration, enhancing the overall competitiveness of China's AI industry [3]

wo[Table_Title] Research Report 17 Nov 2025 中国电子 China (Overseas) Technology OpenAI 发布 GPT-5.1：自适应推理与个性化体验双升级 OpenAI Launches GPT-5.1: Dual Upgrades in Adaptive Reasoning and Personalization 姚书桥 Barney Yao barney.sq.yao@htisec.com [Table_yemei1] Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 事件 2025 年 11 月 12 日，OpenAI 正式发布 GPT‑5.1 系列模型，在 GPT‑5 基础上迭代推出 GPT‑5.1 Instant 与 GPT‑5.1 Thinking 两款新模型。其中，GPT‑5.1 Instant 作为日常交互主力模型，在指令跟随与交互体验上显著优化，并引入 轻量级自适应推理机制，在复杂问题中自动提升回答完整性；GPT‑5.1 Thin ...