课堂趣味十足：AI让银发生活"潮"起来 为助力老年人跨越技术壁垒，享受科技普惠福利，9月11日，腾讯联合福建省全民终身教育促进会乡村 乐龄学堂，在福建省三明市沙县区城北社区居委会开展"给爷爷奶奶的第一堂AI工具课"活动。这场专为 老年人量身打造的公益课程，以AI为核心教学内容，吸引了许多当地老年人主动报名参与，课程用生 动实用的教学，让银发群体近距离感受AI、学会使用AI，开启"智"享夕阳红的全新生活篇章。 破解银龄困境：AI成为跨越岁月的"桥梁" 随着社会老龄化程度加深，老年人对美好生活的需求日益多元。而数字技术的快速发展，却让不少老年 人陷入"想跟上却跟不上"的困境。在福建三明沙县区的乡镇及社区，许多老年人对手机里的AI功能充满 好奇——看到年轻人用AI问答、查信息，他们既羡慕又无奈，"想学但没人教"、"担心学不会被笑话"成 为普遍困扰。此外，由于对AI技术缺乏了解，老年人成为被网络诈骗的高发人群，不少人曾因轻信虚 假信息、误点诈骗链接遭受财产损失；同时，部分老年人因子女外出务工、社交圈变窄，面临情感孤 独、心理疏导缺失等问题，却苦于找不到合适的倾诉对象。 "我们不懂AI，但是老师说现在AI是科技发展方向 ...

Group 1: Company Developments - Alibaba's former employee expressed nostalgia and concerns about internal issues, prompting a response from Jack Ma acknowledging the company's evolution [2] - Alibaba's engineers worked through the Spring Festival to catch up in the AI sector after the launch of the DeepSeek R1 model, which surprised the global tech industry [3] - JD Logistics has begun operations in Saudi Arabia, establishing a team of over a thousand personnel to replicate its logistics model in the region [5] Group 2: Financial Performance - Oracle reported a total revenue of $57.4 billion for the fiscal year 2025, with a net profit of $12.4 billion, marking an 8% increase in revenue year-over-year [8] - Ying Shi Innovation debuted on the STAR Market with a first-day surge of 271.48%, achieving a market capitalization exceeding 70 billion yuan [9] - AI startup Glean's valuation soared to $7.2 billion in its latest funding round, reflecting a 57% increase and strong investor interest in AI applications [10] Group 3: Product Launches and Innovations - Huawei launched the Pura 80 series, with prices ranging from 6,499 yuan to 10,999 yuan, highlighting significant R&D investment of 124.9 billion yuan over the past decade [12] - The release of the Doubao model 1.6 saw a price reduction of 63% compared to its predecessor, now priced at 2.6 yuan per million tokens [13] - Snap announced plans to launch a new lightweight augmented reality smart glasses in 2026, integrating advanced machine learning for enhanced user experiences [14]

Core Viewpoint - Tencent Holdings reported better-than-expected Q1 2025 results, with Non-IFRS net profit of 61.3 billion yuan (up 22% year-on-year) and revenue of 180 billion yuan (up 13% year-on-year) [2][3] Financial Performance - Q1 2025 operating profit was lower than expected due to one-time restructuring impacts, while gross margin improved more than anticipated at 55.8% compared to the expected 53.9% [3] - General and administrative expenses were 33.7 billion yuan, worse than the expected 28.4 billion yuan, including a one-time share-based compensation of 4 billion yuan related to restructuring [3] - Non-IFRS adjustments included share-based compensation of 10.8 billion yuan, exceeding the expected 6.6 billion yuan, but the restructuring costs had a minimal impact on Non-IFRS net profit [3] - Capital expenditures (capex) reached 27.5 billion yuan (up 91% year-on-year), higher than the expected 21.5 billion yuan, but down 25% quarter-on-quarter [3] Business Segments - Marketing services revenue was 31.9 billion yuan (up 20% year-on-year), driven by strong demand for advertising on video accounts, mini-programs, and search ads [4] - Domestic game revenue was 42.9 billion yuan (up 24% year-on-year), boosted by flagship games and new titles [4] - Overseas game revenue reached 16.6 billion yuan (up 23% year-on-year), with strong performances from titles like "Brawl Stars" and "PUBG Mobile" [4] - Social network revenue was 32.6 billion yuan (up 7% year-on-year), supported by growth in mobile game virtual items and music subscription services [4] - Financial technology and enterprise services revenue was 54.9 billion yuan (up 5% year-on-year), driven by growth in wealth management and cloud services [4] - Monthly active accounts for WeChat and WeChat reached 1.4 billion (up 3% year-on-year), indicating healthy user engagement [4]

Core Viewpoint - Tencent's Q1 performance exceeded expectations, with revenue of 1800.22 billion RMB, a 13% year-on-year increase, and adjusted net profit up 11% [2][25]. Group 1: AI Strategy and Investment - Tencent's CEO highlighted that AI capabilities have significantly contributed to advertising effectiveness and gaming, with increased investments in AI applications within the WeChat ecosystem [2][3]. - The company believes that existing high-quality revenue will help absorb additional costs from AI investments, maintaining financial stability [3]. - AI's impact is observed in three areas: advertising targeting, user engagement, and game participation [7][9]. Group 2: User Engagement and Product Development - The "Yuanbao" AI feature is in its early stages, with initial user interactions showing promise for increased usage as users engage more with the AI [5][33]. - The company plans to enhance the integration of WeChat's capabilities with "Yuanbao" to improve user experience and retention [6][34]. - User interaction with AI assistants is increasing, indicating a growing acceptance and value recognition among users [44]. Group 3: Gaming Performance - Tencent's domestic gaming business showed strong performance in Q1, benefiting from a low base in the previous year, with long-term growth potential in both domestic and international markets [11][35]. - AI is being explored in large multiplayer games, focusing on enhancing player experience and retention through features like guidance for new players and cheat prevention [13][39]. - The company is strategically positioning itself in the first-person shooter (FPS) genre, which is expected to grow in popularity among Chinese players [40][57]. Group 4: Financial Performance and Projections - Tencent's total revenue for Q1 was 1800 billion RMB, with a gross profit of 1005 billion RMB, reflecting a 20% increase in gross profit year-on-year [25][26]. - The company anticipates that the gap between revenue growth and operating profit growth will narrow, with a typical lag of one to two years for new product investments to yield returns [16][56]. - Operating expenses increased due to higher marketing costs for AI applications, but the overall ratio of sales and marketing expenses to revenue decreased [27][28]. Group 5: Advertising Revenue Growth - Tencent's marketing services revenue grew by 20% to 320 billion RMB, driven by increased user engagement and AI enhancements in advertising platforms [21]. - AI has the potential to significantly improve advertising click-through rates, with some ads seeing increases from 1.0% to 3.0% [15][59]. - The company is focused on integrating advertising with transaction capabilities to enhance the effectiveness and revenue potential of its advertising business [32][63].

截至2025年4月25日 10:04，中证港股通科技指数(931573)上涨0.32%，成分股高伟电子(01415)上涨4.75%，晶泰控股(02228)上涨3.67%，联想集团(00992)上涨 3.51%，零跑汽车(09863)上涨3.38%，信义光能(00968)上涨3.10%。港股通科技ETF(513860)上涨1.03%，最新价报0.69元。拉长时间看，截至2025年4月24 日，港股通科技ETF近1周累计上涨5.44%，涨幅排名可比基金1/6。 流动性方面，港股通科技ETF盘中换手3.09%，成交5209.36万元。拉长时间看，截至4月24日，港股通科技ETF近1周日均成交1.99亿元。 消息面上，AI模型及应用持续迭代升级。近期，腾讯微信集成元宝AI功能，可解析公众号文章和图文，提升用户体验。OpenAI发布GPT-4.1，o3和o4-mini。 火山引擎发布豆包1.5·深度思考模型，升级豆包·文生图模型3.0、豆包·视觉理解模型；谷歌发布首款混合推理模型Gemini2.5Flash，性能一举击败Claude3.7， 比肩o4-mini。而且，关闭思考模式成本直降600%。 规模方面，港股通科技 ...

Core Viewpoint - The article highlights significant developments in the AI industry, including major investments, technological advancements, and regulatory changes that could impact the market landscape. Domestic Major Events - In Shenzhen's Huaqiangbei market, many popular chips have been "stocked up," with distributors reporting a shift towards domestic alternatives due to concerns over price volatility following U.S. tariff adjustments [5]. - The Ministry of Public Security's Road Traffic Safety Research Center warns that misleading advertising of autonomous driving features could lead to criminal charges, emphasizing the distinction between assisted driving and full automation [7]. - Tencent announces the launch of its largest employment initiative, planning to add 28,000 internship positions over three years, with a focus on technical roles [8]. - Alibaba's AI model DAMO PANDA has been recognized as a "breakthrough medical device" by the FDA for its ability to screen for pancreatic cancer [12]. - The first IPO from the "big model" sector is anticipated with Beijing Zhiyu Huazhang Technology Co., Ltd. beginning its counseling process for an IPO [8]. AI Financing Overview - This week, five AI financing events were disclosed globally, totaling 14.57 billion RMB, with an average financing amount of 2.914 billion RMB [58]. - In the domestic market, AI financing totaled 232 million RMB, with X-ORIGIN-AI completing nearly 100 million RMB in Pre-A round financing [66]. - Overseas, AI security service provider Safe Superintelligence announced a completion of 2 billion USD in A+ round financing [70]. Technological Developments - ByteDance's new model, UI-TARS-1.5, has been released, showcasing state-of-the-art performance in visual-language tasks [10]. - OpenAI has launched new models, o3 and o4-mini, which can process text, images, and audio, achieving high accuracy in various benchmarks [39][40]. - Google has introduced Veo2, capable of generating high-quality videos, and has open-sourced its Agent SDK to simplify the development of complex AI agents [52]. International Developments - NVIDIA is establishing a domestic AI server supply chain in the U.S., aiming to produce AI supercomputers entirely on American soil [35]. - OpenAI is reportedly considering a 3 billion USD acquisition of AI programming tool Windsurf, which would enhance its competitive position in the AI programming assistant market [36]. - Apple is set to analyze user data to improve its AI platform while ensuring data privacy [51].