Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [5]. Core Insights - The computer (Shenwan) index experienced a slight decline of 0.20% during the week of July 28 to August 1, 2025, outperforming major indices such as the Shanghai Composite Index, which fell by 0.94%, the Shenzhen Component Index by 1.58%, and the ChiNext Index by 0.74% [3][10]. - The State Council's meeting on July 31 approved the "Artificial Intelligence+" action plan, emphasizing the acceleration of AI technology and its integration into various sectors, leveraging China's complete industrial system and large market scale [3][19]. - The report highlights the importance of companies with technology, application scenarios, and successful cases in the rapidly developing global AI industry [3][19]. Summary by Sections 1. Index Performance - The computer (Shenwan) index fell by 0.20%, ranking among the top in terms of performance decline [10]. - The Shenwan secondary industry indices for computer equipment, IT services II, and software development showed respective changes of -0.98%, -0.75%, and +0.68%, with the software sector performing relatively well [12]. 2. Major Events - Significant advancements in AI technology were reported, including the anticipated release of GPT-5 and the introduction of new features by various companies, indicating a trend towards enhanced capabilities in AI applications [15]. 3. Key Announcements - Longsoft Technology reported a slowdown in intelligent investment due to industry cycles, while Hikvision achieved a revenue of 41.818 billion yuan, a year-on-year increase of 1.48%, and a net profit of 5.657 billion yuan, up 11.71% from the previous year [2][16]. - Han Yi Co. is transitioning to a cultural consumption ecosystem, focusing on IP layout and collaboration to promote traditional culture [2][18]. 4. Investment Perspective - The report expresses optimism about the AI sector, particularly for companies that demonstrate technological capabilities and successful application cases, as the industry is expected to benefit from ongoing government support and market demand [3][19].

Group 1 - The "Deep Research" product by Jieyue Xingchen is the first to feature in-depth verification capabilities, completing complex research tasks in about 10 minutes and achieving a 70% pass rate in the xbench-DeepSearch evaluation, ranking first [1] - Microsoft has introduced a new Copilot mode in its Edge browser, which actively assists users by predicting their next actions and organizing information flow without waiting for user input [1] - The MiniMax large model successfully passed the Turing test during a debate at the 2025 China AI Summit, with over 30% of the audience unable to distinguish between the AI and a human debater [2] Group 2 - Standard Chartered Group has signed a strategic cooperation memorandum with Alibaba Group to leverage Alibaba Cloud's AI technology to enhance the integration of financial services and AI [2] - A seminar on the performance standards framework for large model integrated machines is scheduled for August 1, aiming to establish a unified evaluation benchmark and implementation guidelines for the industry [3] - Major Chinese airlines, including Air China, China Southern Airlines, and China Eastern Airlines, have announced support for ticket purchases through the "Civil Aviation Version 12306" direct sales platform to ensure passenger rights [4] Group 3 - Apple has announced the closure of its first direct store in China, located in Dalian, due to multiple retailers leaving the shopping center, but plans to open a new store in Shenzhen on August 16 [5] - A shooting incident in New York resulted in the death of Blackstone executive Wesley LePatner, who was a key figure in the company's global real estate operations [6][7] - Xiaomi Group has achieved a ranking of 297 in the 2025 Fortune Global 500, marking a 100-place increase from the previous year, with total revenue reaching 365.9 billion yuan in 2024 [8] Group 4 - China Mobile is offering a one-month free Beidou satellite messaging service to Beijing users to ensure communication during recent heavy rainfall, allowing users to send emergency messages without mobile network coverage [9] - The establishment of China Chang'an Automobile Group in Chongqing marks the first central enterprise headquarters in the city, joining the ranks of major state-owned automotive groups [10] - The price increase effect of DDR4 DRAM is expected to last until the end of 2025, driven by strong demand and supply constraints, with DDR5 usage projected to grow gradually [11]

Group 1 - The Deep Research product "Jieyue Shenyan" has launched an invitation for testing, capable of completing complex research tasks in about 10 minutes, achieving a 70% pass rate in evaluations [1] - Microsoft has introduced a new Copilot mode in its Edge browser, which actively assists users by predicting their next actions and organizing information flow [1] - The MiniMax large model successfully passed the Turing test during a debate, with over 30% of the audience unable to distinguish between the AI and a human [2] Group 2 - Standard Chartered Group has signed a strategic cooperation memorandum with Alibaba Group to leverage Alibaba Cloud's AI technology for enhancing financial services [2] - A seminar on the performance standards framework for large model integrated machines is scheduled for August 1, aiming to establish unified evaluation benchmarks for the industry [3] - Major Chinese airlines, including Air China, China Southern Airlines, and China Eastern Airlines, support ticket purchases through the "Civil Aviation Version 12306" direct sales platform to ensure passenger rights [4] Group 3 - Apple announced the closure of its first direct store in China, located in Dalian, due to multiple retailers leaving the shopping center, while planning to open a new store in Shenzhen [5] - A shooting incident in New York resulted in the death of Blackstone executive Wesley LePatner, highlighting security concerns in corporate environments [6][8] - Xiaomi Group ranked 297th in the 2025 Fortune Global 500, marking a significant increase of 100 places from the previous year, with total revenue reaching 365.9 billion yuan [9] Group 4 - China Mobile is offering a month-long free Beidou satellite messaging service for users in Beijing to ensure communication during emergencies [10][11] - The establishment of China Chang'an Automobile Group in Chongqing marks the formation of a new central enterprise in the automotive sector, joining other major state-owned automotive groups [12] - The price increase effect of DDR4 DRAM is expected to last until the end of 2025, driven by strong demand and supply constraints [13]

Group 1 - Anthropic announced a weekly usage limit for Claude Pro and Max users, affecting less than 5% of subscribers [1] - Some users reported extreme cases where a $200 plan resulted in actual consumption of tens of thousands of dollars due to continuous operation [1] - Users expressed a lack of transparency regarding usage, leading many to seek alternative products [1] Group 2 - Microsoft Edge introduced a "Copilot mode" that enhances context awareness across tabs, allowing simultaneous reading and analysis of all open pages [2] - The new interface features a simplified input box that understands user intent and supports voice control and thematic journey functions [2] - This feature is currently available for free in all Copilot markets but may be bundled with a subscription service in the future [2] Group 3 - Wuwen Chipong launched a comprehensive AI efficiency enhancement solution, including three core products: Wuqiong AI Cloud, Wujie Intelligent Computing Platform, and Wuyin Terminal Intelligence [3] - The solution covers 26 provinces and cities with 53 core data centers, integrating over 15 mainstream chip architectures and achieving a total computing power scale exceeding 25,000 P [3] - Innovations on the edge include the world's first edge intrinsic model "Wuqiong Tianquan," which maintains cloud-level intelligence with 21 billion parameters while controlling memory usage to 7 billion [3] Group 4 - Step 3 launched a new AI research assistant called "Jieyue Deep Research," capable of completing complex research tasks and generating in-depth professional reports within ten minutes [4][5] - The assistant achieved a 70% high pass rate in the xbench-DeepSearch evaluation [5] - It is based on reinforcement learning and multi-agent architecture, enabling autonomous thinking, reasoning, and dynamic tool usage for real-world complex tasks [5] Group 5 - JD.com upgraded its large model brand to JoyAI, introducing solutions like JoyAgent intelligent agent platform, JoyInside embedded intelligence, and digital humans [6] - JoyAgent is the first 100% open-source enterprise-level intelligent agent, receiving over 2,000 GitHub stars and possessing a complete product-level closed-loop capability [6] - JoyAI's products have been implemented in various scenarios, with digital human services exceeding 20,000 brands and the interactive AI toy Fuzozo selling out during its first pre-sale [6] Group 6 - Researchers from UC San Diego and NYU launched and open-sourced MIRIX, the world's first multi-modal, multi-agent AI memory system, along with a desktop app [7] - The system categorizes memory into six modules: core, context, semantics, programs, resources, and knowledge repository, managed by a meta-memory manager and six memory sub-modules [7] - MIRIX achieved a 35% higher accuracy than traditional RAG in the ScreenshotVQA test and reduced storage by 99.9%, setting a record of 85.4% in the LOCOMO long dialogue task [7] Group 7 - The National Satellite Meteorological Center, Nanchang University, and Huawei jointly released the "Fengyu" model, the world's first full-chain space weather AI forecasting model [8] - The model features a pioneering chain training structure, including solar wind, Earth's magnetic field, and ionosphere models [8] - In practical tests, "Fengyu" maintained a prediction error of around 10% for global electron density and performed excellently during multiple major magnetic storm events, with 11 national invention patents applied [8] Group 8 - Shanghai AI Lab released and open-sourced the "Shusheng" scientific multi-modal large model Intern-S1, which surpasses top closed-source models in scientific capabilities [9] - The model features a "cross-modal scientific analysis engine" that can accurately interpret complex scientific data such as chemical formulas and protein structures [9] - The research team proposed a method for synthesizing scientific data that combines general reasoning capabilities with multiple top professional abilities, creatively reducing reinforcement learning training costs [9] Group 9 - a16z partner Martin Casado stated that the AI large model competition will evolve into an oligopoly similar to the cloud computing battle, creating a new brand effect [10] - In AI competition, the application layer lacks a technological moat, and rational business decisions will focus on "sacrificing profits for distribution," with value emerging from foundational infrastructure and vertical domain deepening [10] - AI will not transform ordinary developers into super engineers but will allow "10x engineers to become 2x," simplifying programming by eliminating cumbersome tasks and returning to the essence of creation [10] Group 10 - Tencent's Robotics X Lab and Futian Lab jointly launched the embodied intelligence open platform Tairos, aimed at enhancing software capabilities for robot developers and application developers [11] - The platform is based on the SLAP³ technology system, providing three core capabilities: planning large models, multi-modal perception large models, and perception-action joint large models [11] - Five major trends in the future development of embodied intelligence were identified: integration of virtual and real worlds, reduced technical barriers, intelligent evolution, agentification, and multi-modal perception [11]