因此，我们不难得出一个结论：下一代互联网的"超级入口"，将是具备丰富功能的AI超级应用。这些应用的功能，将远远超过当前流行的"聊天交 互"(chatbot)范畴，实现所谓的"办事闭环"。用户在工作和生活中无论遇到什么问题，都可以以自然语言向AI应用下达任务，由AI调用各种内部功能和外 部应用，要么即时的、要么花费一段时间，完成任务。这个过程其实已经悄然开始了，如果你尚未尝试过，那么应该很快会开始尝试的。 那么问题来了：国内AI超级入口的"三大家"，为何是百度文心、豆包、千问？这在一定程度上，体现了从移动互联网时代传承下来的自然成果。豆包依托 着字节跳动旗下抖音、今日头条等应用的庞大流量和内容生态，再加上字节跳动一贯高效的产品迭代和市场推广动作，从而迅速积累了大量用户；根据我 的观察，AI轻度用户使用豆包的比例尤其高。而千问一方面依托着阿里云的技术积累，一方面深度绑定了淘宝/天猫、淘宝闪购、飞猪等阿里系电商业 务，力图实现从对话到交易的"最短路径闭环"；这也是前几天千问APP升级的一个最大看点。 而百度文心的优势又在哪里？我觉得，它与竞争对手有些方面一样，但又不太一样。首先，百度自身的应用生态，仍然可称得上丰富 ...

#AI营销：ChatGPT广告将在2月初上线 【建投传媒互联网】 据Theinformation 1月21日报道，#OpenAI已开始向数十家品牌销售ChatGPT的广告位，首批广告预计将于2月初上 线。 1、#试运行阶段广告变现较克制：每位广告商的预算上限为100万美元，暂不开放自助投放系统，所有合作需人工 对接。 2、#如何收费：初期将按展示次数收费。 #AI营销：ChatGPT广告将在2月初上线 【建投传媒互联网】 据Theinformation 1月21日报道，#OpenAI已开始向数十家品牌销售ChatGPT的广告位，首批广告预计将于2月初上 线。 1、#试运行阶段广告变现较克制：每位广告商的预算上限为100万美元，暂不开放自助投放系统，所有合作需人工 对接。 2、#如何收费：初期将按展示次数收费。 未来OpenAI有可能推出按点击收费的模式。 3、广告将首先面向免费用户及新推出的8美元/月ChatGPTGo订阅用户展示。 #随着海外头部模型公司落地广告变现、国内大厂有望快速跟进。 【投资建议】 ...

Group 1 - Alibaba Group has decided to support the independent listing of its chip company, T-head, with no comments from Alibaba at this time [1] - T-head's self-developed GPU chip, named PPU, features 96GB of HBM2e memory, a bandwidth of 700GB/s, and a power consumption of only 400W, surpassing Nvidia's A800 and mainstream domestic GPUs [1] - The first generation of T-head's PPU matches the performance of Nvidia's popular H20, while the upgraded version outperforms Nvidia's A100, leading to high demand in the market [1] Group 2 - Apple has expanded hardware chief John Ternus's responsibilities to include design management, signaling his potential as a successor to CEO Tim Cook [2] - Ternus's new role encompasses critical functions that have historically been held by senior leaders, emphasizing the importance of product design in Apple's success since the Steve Jobs era [2] Group 3 - UTree Technology reported that its humanoid robot shipments exceeded 5,500 units in 2025, with over 6,500 units of the main body produced, clarifying that these figures only include humanoid robots [4] - UTree emphasized the importance of not conflating different types of robots when comparing shipment numbers [4] Group 4 - Xiaomi Group announced a share buyback plan of up to HKD 2.5 billion, set to begin on January 23, 2026, and aims to demonstrate confidence in its business outlook [6][7] - The buyback will end on the earliest of the day before the 2026 annual shareholder meeting, when the buyback amount reaches HKD 2.5 billion, or if terminated under the brokerage agreement [6] Group 5 - BYD's brand and public relations manager stated that the company has been a major victim of black public relations and will pursue legal action against false information and malicious attacks [8] - BYD recently won a court case against a blogger for spreading false information, resulting in a compensation order of CNY 2.01 million [8] Group 6 - Vivo has reportedly halted its AI glasses project after six months of secret preparation, as executives determined that differentiation in the current market is challenging [9] - Following the project cancellation, Vivo will continue to focus on mixed reality (MR) technology [9] Group 7 - Meitu announced a stock reward of 1,357 shares for each employee, totaling over CNY 20 million, marking the third time since its IPO in 2016 that it has issued stock rewards to all employees [10] - The stock price has risen from below HKD 1 to over HKD 8, reflecting the company's improved performance [10] Group 8 - Hyundai Motor Group plans to deploy humanoid robots, specifically the Atlas robot developed by Boston Dynamics, with a factory set to produce 30,000 units annually by 2028 [11] - The announcement led to a positive market reaction, with Hyundai's stock reaching new highs, although the labor union expressed concerns about potential job losses due to automation [11] Group 9 - Nvidia's CEO Jensen Huang stated at the Davos Forum that the investment in AI infrastructure is just beginning, with several trillion dollars needed to fully develop the ecosystem [18] - Huang compared the investment in AI infrastructure to historical large-scale infrastructure projects, emphasizing the long-term vision for AI development [19]

大摩闭门会：DeepSeek新模型解读 260121_导读 2026年01月22日 20:52 关键词 ngram混合架构 HBM 条件内存 DRAM 推理能力 GPU 多模态 开源 硬件限制 效率驱动 追赶美国 战略意义 WACC beta 市场风险溢价 永续增长率 超预期 低于预期 半导体 全文摘要 中国的人工智能公司通过创新的混合架构和模块，如n-gram，实现了大模型推理的高效执行，降低了基础设施成 本，推动了本地AI发展并提升了全球竞争力。n-gram模块的核心创新在于通过存储和计算分离，有效缓解AI计算瓶 颈，减少了对高带宽内存（HBM）的依赖，同时降低了整体基础设施成本，从而在推理能力和成本方面取得显著 提升。下一代模型继续利用n-gram架构，进一步提升了编码及逻辑推理能力。 大摩闭门会：DeepSeek新模型解读 260121_导读 关键词 ngram混合架构 HBM 条件内存 DRAM 推理能力 GPU 多模态 开源 硬件限制 效率驱动 追赶美国 战略意义 WACC beta 市场风险溢价 永续增长率 超预期 低于预期 半导体 全文摘要 中国的人工智能公司通过创新的混合架构和模块，如n-g ...

Core Viewpoint - The CEO of French AI startup Mistral, Arthur Mense, claims that the notion of China lagging behind the U.S. in AI technology is a "fairy tale" and asserts that China's open-source AI capabilities may pressure U.S. CEOs [1][3] Group 1: Company Insights - Mistral is projected to exceed €1 billion in revenue by the end of this year [1] - The company plans to invest a similar amount in high-performance computing chips and related infrastructure for AI model development and operation [1] - Mistral's valuation reached $13.7 billion during a funding round last year, with Dutch chipmaker ASML as a major investor [1] Group 2: Industry Context - AI is becoming a significant geopolitical force with the potential to reshape economies and labor markets in the coming years, with companies and nations investing tens of billions of dollars in AI infrastructure [1] - The AI market is currently dominated by the U.S. and China, while Europe is seeking differentiation [1] - Many U.S. AI models, such as Google's Gemini and OpenAI's ChatGPT, are closed-source, which can lead to higher costs and less flexibility compared to China's leading position in open-source model development [4]

Group 1 - The core viewpoint of the news is that Geling Deep Vision's stock performance and financial metrics indicate a mixed outlook, with significant revenue growth but ongoing net losses [1][2]. - On January 22, Geling Deep Vision's stock fell by 0.22%, with a trading volume of 131 million yuan. The financing buy amount was 13.59 million yuan, while the financing repayment was 12.26 million yuan, resulting in a net financing purchase of 1.33 million yuan [1]. - As of January 22, the total margin balance for Geling Deep Vision was 183 million yuan, accounting for 3.98% of its market capitalization, indicating a high level of financing compared to the past year [1]. Group 2 - As of September 30, the number of shareholders for Geling Deep Vision was 15,200, a decrease of 2.49% from the previous period, while the average circulating shares per person increased by 40.76% to 17,075 shares [2]. - For the period from January to September 2025, Geling Deep Vision reported revenue of 94.43 million yuan, representing a year-on-year growth of 55.33%. However, the net profit attributable to shareholders was a loss of 127 million yuan, although this was an improvement of 7.47% year-on-year [2]. - Among institutional holdings, as of September 30, 2025, the top ten circulating shareholders included Huabao Zhongzheng Financial Technology Theme ETF, which held 3.52 million shares, an increase of 1.73 million shares from the previous period, and Yifangda Guozheng Robotics Industry ETF, which was a new shareholder with 3.39 million shares [2].

Core Viewpoint - The CEO of French AI startup Mistral, Arthur Mense, claims that the notion of China lagging behind the U.S. in AI technology is a "fairy tale" and asserts that China's open-source AI capabilities may pressure U.S. CEOs [1][3] Group 1: Company Insights - Mistral is projected to exceed €1 billion in revenue by the end of this year [1] - The company plans to invest a similar amount in high-performance computing chips and related infrastructure for AI model development and operation [1] - Mistral's valuation reached $13.7 billion during a funding round last year, with Dutch chipmaker ASML as a major investor [1] Group 2: Industry Context - AI is becoming a significant geopolitical force with the potential to reshape economies and labor markets in the coming years, with companies and nations investing tens of billions of dollars in AI infrastructure [1] - The AI market is currently dominated by the U.S. and China, while Europe is seeking differentiation [1] - Many U.S. AI models, such as Google's Gemini and OpenAI's ChatGPT, are closed-source, which can lead to higher costs and less flexibility compared to China's leading position in open-source model development [5]

1月22日，云从科技涨1.12%，成交额5.66亿元。两融数据显示，当日云从科技获融资买入额6778.19万 元，融资偿还5804.15万元，融资净买入974.04万元。截至1月22日，云从科技融资融券余额合计10.90亿 元。 融资方面，云从科技当日融资买入6778.19万元。当前融资余额10.87亿元，占流通市值的7.99%，融资 余额超过近一年90%分位水平，处于高位。 融券方面，云从科技1月22日融券偿还998.00股，融券卖出7.02万股，按当日收盘价计算，卖出金额 114.50万元；融券余量18.41万股，融券余额300.33万元，超过近一年90%分位水平，处于高位。 资料显示，云从科技集团股份有限公司位于上海市浦东新区川和路55弄张江人工智能岛11栋，成立日期 2015年3月27日，上市日期2022年5月27日，公司主营业务涉及一家提供高效人机协同操作系统和行业解 决方案的人工智能企业,致力于助推人工智能产业化进程和各行业智慧化转型升级。主营业务收入构成 为：人工智能解决方案75.55%，人机协同操作系统24.19%，其他0.25%。 截至9月30日，云从科技股东户数5.16万，较上期减少1.2 ...

日前，北京智谱华章科技股份有限公司通过其官方公众号发布GLM Coding Plan限售公告。公告指出， 随着GLM-4.7系列模型上线，用户数量迅速增长，导致算力资源出现阶段性紧张。 这是AI产业算力吃紧的一个缩影。随着GPT、DeepSeek等大模型的算法突破和应用普及，算力需求水涨 船高。数据显示，我国AI芯片市场规模预计2028年将超一万亿元，约占全球市场的30%。面对庞大的市 场需求，自主可控的高质量AI算力供给已成为我国抢占人工智能产业应用制高点、全方位赋能千行百 业的前提条件。 算力缺口从何而来？国产AI算力又当如何破局？记者就此采访了有关专家。 同时，我国算力资源分散，存在"碎片化"问题。各服务商算力资源接口和协议不统一，跨区域跨主体算 力调度能力较弱，导致算力资源利用率偏低。此外，产业发展制度环境仍待完善，数据确权、使用和交 易等方面的规则有待细化，企业标准与合规方面的挑战日益凸显。 与此同时，人工智能正在加速落地千行百业，带来算力需求激增。目前，全国已落地的算力应用项目超 过1.3万个，建成的各级智能工厂超过3万家，并覆盖工业、金融、交通、医疗、教育等重点行业。"随 着我国人工智能应用加速 ...

免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 2026年南A东盟谷项目签约仪式暨项目路演对接会22日在广西南宁举行。现场签约项目超过20个，其中 东盟企业合作项目6个，涉及越南、泰国、马来西亚、菲律宾等东盟国家。 本次活动由南宁市与广西壮族自治区相关部门联合举办。签约项目覆盖医疗、物流、文旅等多个领域， 包括菲律宾智能华文教育系统项目、广西及东盟区域总部基地项目等。这批项目的落地，将进一步完善 南宁人工智能产业生态链，强化与东盟国家在相关领域的产业联动，为区域经济高质量发展注入强劲动 力。 广西用友软件有限公司总经理张延学表示，该公司签约的企业数智化研发与推广项目支持超过20种语 言，将助力广西—东盟双向业务高效开展。项目入驻将吸引算法研发、数据服务、行业解决方案等上下 游企业集聚南宁，助力形成更为完整的人工智能产业 ...