Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [6] Core Viewpoints - The computer (Shenwan) index rose by 1.77% during the week of May 26 to May 30, 2025, reversing the downward trend of the previous two weeks, ranking fifth in terms of growth [1][11] - The EDA sub-sector performed exceptionally well, with companies like Gallen Electronics, Guangli Micro, and Huada Jiutian seeing growth rates exceeding 10% [21][22] - The U.S. government has effectively cut off certain American companies from selling semiconductor design software to China, which is expected to accelerate the domestic EDA industry's development [22] - The Chinese EDA market reached a size of 12 billion yuan in 2023, projected to grow to 13.59 billion yuan in 2024, with a domestic production rate expected to rise from 17.61% in 2023 to 18.52% in 2024 [22] Summary by Sections Index Performance - The computer (Shenwan) index increased by 1.77%, ranking fifth in growth, while the Shanghai Composite Index fell by 0.03%, the Shenzhen Component Index by 0.91%, and the ChiNext Index by 1.40% [1][11] - The sub-sector indices for computer equipment, software development, and IT services showed increases of 2.14%, 2.04%, and 1.18% respectively [1][13] Major Events - The report highlights significant developments in the industry, including the release of new AI products and acquisitions that may impact market dynamics [16][21] Key Announcements - Newguo announced a stock option incentive plan involving 19 million shares, representing 3.35% of the company's total share capital, with a strike price of 25 yuan per share [2] - Hehe Information plans to issue H shares and list on the Hong Kong Stock Exchange to enhance its global strategy [2] Investment Perspective - The report suggests that the recent U.S. restrictions on EDA software sales to China could lead to a faster domestic EDA development, encouraging investors to focus on leading companies with customer resources in the industry [22]

Group 1 - Salesforce acquired Informatica for $8 billion, marking its largest deal since the acquisition of Slack in 2021 [1] - The acquisition aims to integrate both companies' AI engines to create a trusted data infrastructure that supports enterprise-level deployment of agent-based AI systems [1] - Data management capabilities are becoming a key differentiator for enterprise AI products, and Salesforce is enhancing its data management strategy through this acquisition [1] Group 2 - DeepSeek's R1 model has completed a minor version upgrade, now available for experience on its official website, app, and mini-program [2] - The upgraded R1 model shows significant improvement in programming capabilities, quickly generating high-quality dynamic weather cards with detailed design and interactive animations [2] - The update may have utilized the DeepSeek-V3-0324 model, while the anticipated R2 version has yet to be released [2] Group 3 - Anthropic launched a voice mode for Claude, allowing users to discuss documents and images via voice, with five unique voice tones available [3] - Users can switch freely between text and voice, and after conversations, they can view text records and summaries [3] - The voice feature has usage limitations, with voice conversations counting towards regular usage limits, and the Google Workspace connector is only available to paid users [3] Group 4 - AKOOL released the world's first real-time camera, AKOOL Live Camera, capable of low-latency virtual digital humans, multilingual translation, face replacement, and AI video generation [4] - This technology breaks traditional video generation limitations through 4D facial mapping and neural voice engines, achieving environment perception and emotional response, with 94% of blind tests unable to distinguish between real and fake [4][5] - The product signifies a shift in AI video from "pre-fabrication" to "intelligent response," heralding a second revolution in AI video following Sora [5] Group 5 - Tencent Hunyuan released an open-source voice digital human model, HunyuanVideo-Avatar, which can generate videos of characters speaking or singing naturally from just one image and one audio clip [6] - The model supports various framing options and can understand image environments and audio emotions, automatically generating natural expressions, lip-syncing, and full-body movements [6] - This technology has been applied in Tencent's music products and is suitable for short video creation, e-commerce advertising, and supports multiple styles and interactive scenarios [6] Group 6 - ByteDance's Kouzi Space launched a one-click text-to-podcast feature, capable of generating "human-level" multi-character dialogue audio in minutes, a task that previously took hours [7] - This feature has broad applications, converting hot news into podcasts, turning course notes into audio lessons, and creating audio summaries of meeting minutes, as well as providing emotional counseling and shopping guides [7] - Kouzi Space can also integrate podcast production with website creation, opening up multi-functional applications and marking the era of AI working for the general public [7] Group 7 - SpAItial raised $13 million in seed funding, founded by former Synthesia co-founder Matthias Neisner, focusing on text-to-realistic 3D environment technology [8] - The company has assembled a luxury tech team from Meta and Google, aiming to create not only realistic but also interactive 3D worlds, competing with Odyssey and World Labs [8] - The team targets applications in game development, entertainment, and architectural visualization, with long-term goals including enabling ordinary users to quickly create games and potentially replace CAD software [8] Group 8 - Tencent Yuanbao has integrated with WeChat Reading and Qidian Reading, allowing users to click on underlined book titles to jump directly to reading [9] - Users can obtain book recommendations with one click, with each book featuring a jump link, facilitating a seamless transition from "book hoarding" to "reading" [10] - This integration allows users to chat with Yuanbao while reading, interpret concepts, generate mind maps, and even simulate conversations in the author's tone [10] Group 9 - SpaceX's Starship "Ninth Flight" experienced an explosion during recovery landing, despite successfully using a reused B14.2 booster [11] - The test focused on validating booster reuse technology, spacecraft payload deployment capabilities, and optimizing design to shorten launch intervals and reduce costs [11] - SpaceX is expanding its manufacturing and launch capabilities through new facilities in Florida and innovative designs to enhance system efficiency [11] Group 10 - Anthropic's Claude 4 core team emphasizes the model's independent working capabilities and long-term task handling abilities [12] - The team predicts that by 2025, reinforcement learning will significantly enhance large language model training, improving the model's ability to handle long-term tasks [12] - Researchers believe that the focus should be on raising the model's baseline rather than pursuing extremes, with user interactions evolving from minute-level to hour-level engagements [12]