【环球网科技综合报道】在 ISC.AI 2025 未来峰会上，360 集团首席科学家、数字安全集团 CTO 潘剑锋发表重要观点：安全行业对大模型的探索已从初期快 速集成模式迈入 "实战化" 纵深阶段，这要求跳出通用模型框架，深耕底层技术创新，打造安全领域专属垂直大模型。会上，潘剑锋结合 360 安全大模型实 践成果，系统阐述了基于人脑 "快慢思考" 方法论重构大模型与智能体能力边界的创新路径，为行业发展提供全新思路。 安全大模型入 " 深水区 " 底层创新成必然 近年来，安全行业对大模型的探索发生显著转变：从初期 "通用大模型 + 安全知识库 + 安全工具" 的快速集成模式，逐步向专业化纵深发展。尽管初期模式 在报告生成、数据分类分级等场景取得初步成效，但随着应用深入，安全领域的独特性对技术提出更高要求：一方面，安全领域高价值专业数据需实现 "学 进去、用起来" 的深度转化与吸收；另一方面，安全专家经验需在用户本地深度落地，对精准性、无二义性提出新挑战。 第三阶段聚焦训练框架创新。为解决多机多卡环境下训练成本高昂的痛点，360 主导联合伯克利 BAIR 实验室推出业界首个开源的 RL-LoRA 训练框架，并 ...

Core Viewpoint - The integration of security and AI is essential for the future of digitalization, with 360 Group focusing on a dual development strategy of security and AI to drive transformation in the security industry [1][2]. Group 1: AI and Security Integration - 360 Group emphasizes that without AI capabilities, analyzing security big data is impossible [2]. - The company has developed AI search products and aims to combine AI with security to address new challenges posed by AI [2]. - The emergence of large models is seen as a milestone in AI development, but their application in enterprises has been limited due to insufficient reasoning capabilities and lack of independent operational abilities [2]. Group 2: Development of Intelligent Agents - Intelligent agents are viewed as an evolution of large models, addressing two main issues: autonomous understanding of tasks and the ability to use various tools through standardized APIs [2][3]. - The company predicts that general intelligent agents will be difficult to achieve, while specialized intelligent agents will be more viable [3]. - The development of intelligent agents will require collaboration among multiple foundational models and specialized knowledge [3]. Group 3: Multi-Agent Swarm Concept - 360 Group has introduced the concept of a "multi-agent swarm," which allows multiple intelligent agents to collaborate on complex tasks, enhancing their capabilities beyond individual agents [4]. - The performance of the multi-agent swarm has been impressive, achieving a task success rate of 95.4% [4]. - The company aims to provide the necessary infrastructure for enterprises to build their own intelligent agents and multi-agent swarms through its intelligent agent factory [4]. Group 4: Impact on Cybersecurity - Intelligent agents are expected to serve as virtual security experts, allowing companies to deploy numerous security agents to address talent shortages [5]. - The year 2025 is anticipated to be a pivotal year for the emergence of security intelligent agents [5]. - However, there are concerns that intelligent agents could also be exploited by hackers, leading to a new form of cyber warfare where machines and algorithms play a significant role [5].

Core Viewpoint - The integration of security and AI is essential for the future of digitalization, with 360 Group emphasizing a dual development strategy of security and AI to drive transformation in the security industry [1][2]. Group 1: AI and Security Integration - 360 Group aims to combine AI with security to address new challenges posed by AI technologies, asserting that security is the foundation of digitalization while AI represents its pinnacle [2]. - The company has developed the 360 Security Large Model and 360 Security Intelligent Agent to enhance security capabilities through AI [1][5]. - The emergence of large models has been a milestone in AI development, but 360 Group identifies limitations in their application within enterprises, particularly regarding reasoning capabilities and independent task execution [2][3]. Group 2: Intelligent Agents Development - Intelligent agents are seen as an evolution of large models, capable of understanding tasks autonomously and utilizing various tools through standardized APIs [2][3]. - 360 Group has been working on intelligent agents for two years and predicts that specialized intelligent agents will be more viable than general ones, requiring collaboration among multiple foundational models [3]. - The company has introduced the concept of a "multi-agent swarm," which allows multiple intelligent agents to work together to complete complex tasks, achieving a task success rate of 95.4% [4]. Group 3: Intelligent Agent Factory - 360 Group is establishing an "Intelligent Agent Factory" to provide essential infrastructure for businesses to develop their own intelligent agents, addressing challenges in resource allocation [5]. - The intelligent agents can serve as virtual security experts, potentially compensating for talent shortages in cybersecurity [5]. Group 4: Security Implications of Intelligent Agents - While intelligent agents can enhance security operations, there is a risk that they could also be exploited by hackers, leading to a new form of cyber warfare where machines and algorithms play a significant role [5]. - 360 Group is committed to using intelligent agents to reshape digital security, offering customizable security intelligent agents for various business needs [5].

● 本报记者 任明杰 在日前举行的第十三届互联网安全大会上，360集团（以下简称"360"）创始人周鸿祎在接受中国证券报 记者专访时表示，安全是数字化的底座，AI是数字化的顶峰，公司将坚持安全+AI双主线发展，以安全 与AI的深度融合推动安全行业变革。为此，公司推出了360安全大模型和360安全智能体。 对于智能体，周鸿祎认为，2025年既是智能体的安全元年，也是安全智能体的诞生之年，所以AI时代 呼唤安全智能体。安全智能体基于安全大模型的大脑增加了手和脚的作用，复刻人类高级专家的能力， 可以实现安全能力质的突破，打造新质的安全战斗力。 把AI和安全结合起来 "安全的大数据没有AI的能力是不可能分析出来的。"对于360为何进军人工智能赛道，周鸿祎如是表 示。 他告诉记者，360也在运营搜索引擎360搜索，在多年的研发中对人工智能、自然语言处理的技术有了很 多积累，最近也推出了AI搜索的产品，"我们希望把AI和安全结合起来，解决AI带来的新的安全挑战。 按照我们的理解，安全是数字化的底座，AI是数字化的顶峰，我们继续坚持安全+AI双主线发展，用安 全守护时代，用AI定义未来。" 近年来，大模型的出现成为AI发展 ...

Core Viewpoint - Company 360 (601360.SH) continues to report losses, but signs of a turning point are emerging as it anticipates reduced losses in the upcoming quarters [1][4]. Financial Performance - For the first half of 2025, the company expects a net profit attributable to shareholders of approximately -320 million to -240 million yuan, and a non-net profit of about -340 million to -250 million yuan, indicating ongoing losses [1][4]. - Compared to the same period last year, the losses are expected to decrease, with a significant possibility of turning profitable in the second quarter of 2025 [2][5]. - In the first quarter of 2025, the company reported an operating income of 1.864 billion yuan, a year-on-year increase of 8.39%, with net losses of 273 million yuan and 282 million yuan for net profit and non-net profit respectively [5]. Sales and Marketing Strategy - The increase in losses is attributed to heightened sales expenses aimed at enhancing product promotion and market influence, with sales expenses reaching 804 million yuan in the first quarter of 2025, a 72.08% increase from the previous year [5][8]. Research and Development Investment - The company has maintained a strong commitment to research and development, with cumulative R&D investments reaching 23.1 billion yuan from 2017 to 2024, and R&D expenditure accounting for 40% of operating income in 2024 [2][9]. - R&D investments have consistently exceeded 3 billion yuan annually from 2021 to 2024, supporting the company's transition and innovation efforts [8][10]. Business Segments and Performance - The company's main business segments include internet advertising and services, smart hardware, internet value-added services, and security, with varying revenue performance across these segments in 2024 [8]. - The revenue from internet value-added services grew by 25.51%, while other segments like smart hardware and security saw significant declines of 35.44% and 27.06% respectively [8]. Strategic Direction - The company is actively pursuing a dual strategy of "AI + Security" to contribute to the development of a modern digital economy, focusing on digital safety and AI-driven solutions [3][10]. - The company has launched various AI products and solutions, enhancing its capabilities in the digital security domain and aiming to support the digital transformation of various sectors [10][11].

Group 1 - The company acknowledges the decline in stock price over the years and emphasizes its commitment to enhancing investor returns through cash dividends and strengthening its core business [1] - The company aims to maximize both corporate and shareholder value through long-term development strategies and various tools [1] - As of March 31, 2025, the total number of shareholders is reported to be 451,678 [2] Group 2 - The company is focused on digital security and aims to defend national cybersecurity by capturing advanced persistent threats (APT) [2] - The company is committed to providing effective solutions for government and enterprise institutions to counter various cyber attacks through a "cloud and service" approach [2] - The company has developed a "360 security large model" to offer free security capabilities to users of its standard products, promoting accessibility and innovation in the security industry [2]

Core Viewpoint - Company achieved significant growth in revenue and gross margin, indicating a strong performance in the first quarter of 2025, driven by continuous investment in R&D and advancements in AI technology [1][2][14] Financial Performance - In Q1 2025, company reported revenue of 1.864 billion yuan, a year-on-year increase of 8.39% [1] - Gross margin increased from 60.76% in the previous year to 71.79% in Q1 2025, marking a substantial rise of 9.22 percentage points [1] R&D Investment - Company invested 3.202 billion yuan in R&D in 2024, a 3.16% increase year-on-year, accounting for 40.29% of total revenue [2] - R&D expenses grew by 18.15% in Q1 2025, reflecting a strong commitment to innovation [2] - Cumulative R&D investment over the past decade reached approximately 30 billion yuan, establishing a solid foundation in AI and digital security [2] AI Development - Company is enhancing its AI capabilities with the development of a self-researched general model, "360智脑," which ranks among the top domestic models in comprehensive capabilities [3] - The "360zhinao2-o1" model received a gold medal in the 2024 evaluation for its strong performance in deep reasoning and logic [3][4] Product Innovation - Launched "Nano AI Search," an AI-native internet product that integrates multiple models, achieving over 19 million monthly active users by March 31, 2025 [7] - Internet value-added service revenue reached 1.379 billion yuan in 2024, a year-on-year increase of 25.51%, indicating a shift towards subscription-based income [8] Market Expansion - Established the "360 Digital Intelligence Group" in 2024 to focus on B2B and B2G markets, developing AI solutions for various industries [9] - The company has completed training and delivery of AI models in nearly 20 vertical fields, enhancing its service offerings [9] Security Initiatives - Company is building a new generation digital immune system to address AI security risks, highlighted by the rise in cyberattacks targeting AI models [10][11] - Captured over 1,300 APT attacks in 2024, demonstrating its leading position in cybersecurity [12] - The "360 Security Model" has been tested and applied in over 50 major clients across various sectors, reinforcing its market position [12] Strategic Outlook - The integration of AI technology and digital security is expected to drive long-term value, with the potential for significant growth as AI adoption increases [14] - The company is positioned to leverage its technological advancements and strategic focus to capitalize on emerging opportunities in the digital economy [14]

Core Viewpoint - Company 360 (601360.SH) has not yet turned a profit, reporting a net loss of 273 million yuan in Q1 2025 despite a revenue increase to 1.864 billion yuan [1][6]. Financial Performance - In Q1 2025, the company achieved a revenue of 1.864 billion yuan, an increase of 8.39% year-on-year, but the net loss attributable to shareholders was 273 million yuan, representing a year-on-year increase in loss of 149.16% [1][6]. - From 2022 to 2024, the company has recorded continuous net losses totaling 3.79 billion yuan [2][8]. - The revenue for 2022, 2023, and 2024 was 9.521 billion yuan, 9.055 billion yuan, and 7.948 billion yuan respectively, showing a decline of 12.54%, 4.89%, and 12.23% year-on-year [8]. Business Segments - The company's main business segments include internet advertising and services, smart hardware, internet value-added services, and security and others. In 2024, revenues from these segments were 4.166 billion yuan, 1.014 billion yuan, 1.379 billion yuan, and 1.287 billion yuan respectively [8]. - The internet value-added services segment saw a revenue increase of 25.51%, while the other three segments experienced declines, with smart hardware revenue dropping by 35.44% and security and other revenues decreasing by 27.06% [8]. Research and Development - The company has consistently invested over 3 billion yuan in R&D annually from 2021 to 2024, with R&D expenses accounting for 40% of revenue in 2024 [4][5][14]. - The company is pursuing a dual strategy of "AI + Security" and has launched various AI products and solutions aimed at enhancing digital security and operational efficiency [13][14]. Dividend Policy - Despite ongoing losses, the company has maintained a dividend payout, distributing 700 million yuan in both 2023 and 2024, with a proposal for a similar payout in 2025 [3][15].