Group 1 - The core viewpoint is that AI technology is driving significant transformations in the media and gaming industries, with advancements in models like Google's Gemini 3 enhancing multimodal reasoning, factual accuracy, and interactivity [1] - Alibaba's AI applications, such as Qianwen App and "Lingguang," are rapidly penetrating daily life scenarios, contributing to the formation of a closed-loop AI application ecosystem [1] - The gaming industry is witnessing the upcoming launch of native AI games like "EVE," alongside innovative themes such as "micro-horror + X," which validate market potential and open up long-term growth opportunities [1] Group 2 - The gaming industry is expected to maintain an upward trend in prosperity due to supply-demand resonance, indicating a positive outlook for the sector [1] - AI technology is also deeply empowering advertising, comics, and e-commerce sectors, with multimodal models like Nano Banana Pro supporting high-definition content generation, further catalyzing commercialization [1] - Overall, AI applications are entering a golden development period, with the media and gaming industries continuously benefiting from technological iterations and scenario integration [1] Group 3 - The gaming ETF (516010) tracks the animation and gaming index (930901), which selects listed companies involved in animation production, game development and operation, and IP derivative sales to reflect the overall performance of the animation and gaming sector [1]

2025.11.26 本 文字数：3022，阅读时长大约5分钟 作者 | 第一财经 刘晓洁 OpenAI遭逆风 上周Gemini 3 Pro和Nano Banana Pro的发布赢得AI圈一片喝彩，连奥尔特曼和马斯克也公开点赞。有网 友戏称，Gemini 3 Pro或许是奥尔特曼"梦中的GPT-5"。 在最新的研报中，高盛交易员Rich Privorotsky指出，谷歌Gemini 3是一个"颠覆性模型"，正在重塑整个 AI投资生态，导致其他公司产品周期被推迟、资本支出上升、投资回报率变得更加不确定。首当其冲 的，正是OpenAI。 封图 | AI生成 谷歌Gemini 3系列模型的横空出世，正在硅谷掀起一场AI权力的重新分配。 在追赶两年后，市场普遍认为，谷歌的模型已经赶超"昔日AI风向标"OpenAI，而OpenAI CEO奥尔特曼 （Sam Altman）也在内部备忘录中承认，随着谷歌等竞争对手的快速进步，公司正面临"氛围紧 张"和"经济逆风"的双重挑战。这场AI竞赛的格局变动，也牵动着科技巨头们的股价。 "一觉醒来，谷歌股价已经超过320了。"一位AI行业人士感慨。近一周以来谷歌市值屡创历史新高，11 ...