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].

Core Trends - Chinese AI giants such as Zhipu, Qwen, and Tencent are dominating the Hugging Face leaderboard with all top 10 positions held by open-source models, indicating a shift in the global AI landscape towards China and promoting innovation accessibility [2] - OpenAI has launched a new Study Mode for ChatGPT, aimed at enhancing interactive learning and user engagement in the education sector, potentially reshaping the educational technology competition [3] Investment Highlights - The WAIC 2025 event showcased a significant investment of 15 billion yuan, with over 350,000 attendees, highlighting a transition from parameter competition to practical applications of AI, emphasizing productivity [4] - Anthropic's valuation has surged to $170 billion after a $5 billion funding round, with projected revenues of $35 billion by 2027, indicating a major shift in the AI competitive landscape [6] Business Developments - Surge AI has achieved $1 billion in annual revenue without external funding, surpassing competitors by emphasizing the value of high-quality human data over synthetic data [8] - PixelBloom has successfully completed a Series B funding round, aiming to capture a share of the global office market projected to reach $700 billion [15] AI Agent Innovations - Microsoft has introduced the Copilot mode in its Edge browser, enhancing user interaction through AI capabilities, which may challenge Chrome's dominance [9] - Lovart has launched the first global AI design agent, ChatCanvas, which automates the design process and allows real-time collaboration between users and AI [12] - Navos, a marketing AI agent from Titanium Technology, has demonstrated significant efficiency improvements in marketing cycles and ROI for clients [13] Open Source and Model Development - Zhipu's GLM-4.5 model has been released as an open-source project, achieving state-of-the-art performance and significantly lowering the cost of AI deployment for enterprises [10] AI Chip Advancements - The release of the M50 chip by Houmo Intelligent, featuring low power consumption and high computational efficiency, is set to disrupt the edge computing market [11]

Core Viewpoint - OpenAI emphasizes that AI is fundamentally a tool, and its impact on learning depends on how it is utilized [6][7][10]. Group 1: AI as a Tool - Leah Belsky, OpenAI's education director, addresses concerns about AI leading to "brain rot," stating that the key lies in its usage [6][8]. - If students use AI merely as an "answer machine," it can hinder learning, as true knowledge requires effort and understanding [9][10]. - Conversely, when used to enhance critical thinking and creativity, AI can significantly promote learning [10][11]. Group 2: Learning Mode - OpenAI has introduced a "learning mode" for ChatGPT, designed to shift its role from providing answers to guiding students in finding answers [16][18]. - This mode employs Socratic questioning to encourage deeper understanding and retention of concepts, contrasting with traditional methods that simply provide answers [19][20]. - The learning mode aims to improve user experience by fostering active engagement in the learning process [16][19]. Group 3: AI's Role in Education - AI's most significant impact in education is seen outside the classroom, providing support to students who lack access to quality teachers or resources [21][22]. - Teachers and educational institutions are increasingly recognizing AI as a valuable tool, adapting their approaches to incorporate AI into learning [23][24]. - OpenAI envisions a future where AI offers standardized content and tutoring, while human teachers focus on social skills and emotional guidance [29].

Market Overview - The Hang Seng Index dropped 1.6% due to disappointing outcomes from a significant meeting and external pressures [1] - The Federal Reserve maintained interest rates, with Powell emphasizing inflation risks and stable employment, dampening rate cut expectations for the year [1] Trade Agreements - The U.S. reached trade agreements with several partners, including South Korea, which involves a 15% tariff and a commitment of $350 billion in investments [2] - Higher tariffs are set for countries that fail to reach agreements by the August 1 deadline, with India facing a 25% tariff and Brazil a 40% tariff [2] Commodity Market Impact - The U.S. imposed a 50% tariff on imported semi-finished copper products, causing a significant drop in global copper prices and impacting related metal stocks [3] - The real estate sector is under pressure, with recent government measures aimed at supporting multi-child families failing to address fundamental issues [3] Corporate Performance - CATL reported a net profit of 30.51 billion RMB for the first half of the year, a 33.02% increase year-on-year, despite recent stock declines [4] - Nvidia's stock surged due to strong performance in AI and cloud computing, influencing related stocks like Longi Green Energy and Aisino Technology [5] AI and Technology Developments - OpenAI launched a "learning mode" for ChatGPT, enhancing its educational applications, which positively affected stocks in the AI sector [5] - The National Healthcare Security Administration introduced new pricing projects for brain-computer interface technologies, potentially boosting related companies' valuations [6] Gaming Industry Insights - The China Audio-Video and Digital Publishing Association reported that the domestic gaming market achieved a sales revenue of 168 billion RMB in the first half of 2025, marking a 14.08% year-on-year increase [7] Stock Movements - JPMorgan increased its stake in Weimob Group to 5.33%, recognizing its core competitiveness as a key service provider for Tencent's advertising [8] - Weimob's comprehensive digital solutions and strong market presence position it well for growth in the evolving digital advertising landscape [9]

Group 1 - OpenAI launched a new ChatGPT learning mode that assists users through gradual guidance rather than quick answers, available for free, Plus, Pro, and Team users, with Edu version users to receive it in the coming weeks [1] - Amazon signed an AI licensing agreement with The New York Times, committing to pay between $20 million to $25 million annually, allowing Amazon to use the content for training its AI models and providing summaries through Alexa [2] - Google confirmed it will sign the EU's voluntary AI code of conduct, aimed at helping AI developers comply with EU AI regulations, while Meta previously stated it would not sign, criticizing the EU's approach [2] Group 2 - ZTE unveiled its first emotional AI pet named "Mochi" at the World Artificial Intelligence Conference, designed to provide companionship and emotional connection, with a user adoption program announced for early experience users [3] - Microsoft released a report identifying the top 10 professions most impacted by AI, with translators and interpreters being the most affected, while jobs like nursing assistants and heavy equipment operators are less impacted due to their physical nature [4] - Apple experienced a setback as four AI researchers left for Meta within a month, indicating challenges in its AI strategy [5] Group 3 - An incident occurred where Apple's official account mistakenly promoted a Samsung Galaxy Z Flip7 video, raising questions about potential mix-ups due to shared advertising agencies [6] - Huawei's Yu Chengdong announced that the number of HarmonyOS 5 devices has surpassed 10 million [7] - Xiaomi's automotive division announced the rollout of its 10 million Clips version of end-to-end assisted driving features for the SU7 series, emphasizing the importance of user awareness regarding the limitations of assisted driving technology [8]

Group 1 - OpenAI has launched a new feature called "Study and Learn" mode in ChatGPT, designed specifically for university students to help them grasp complex subjects through guided interaction [1][8][50] - The new learning mode utilizes a Socratic method, providing interactive prompts and step-by-step guidance to enhance understanding rather than just delivering answers [8][12][66] - This feature is available to all versions of ChatGPT, including free, Plus, professional, and team versions, with an Edu version set to launch soon [1][3][8] Group 2 - The learning mode includes personalized support based on the user's knowledge level and previous interactions, allowing for tailored educational experiences [8][12][66] - Feedback from students indicates that the learning mode effectively breaks down complex materials into clear, manageable explanations, making it feel like a supportive tutoring session [50][58] - The implementation of this feature reflects a shift in educational models, suggesting that traditional methods may soon be disrupted by AI-driven learning tools [3][8][66] Group 3 - The system prompts behind the learning mode have been discovered and shared, indicating a structured approach to guiding users through their studies without doing the work for them [51][52][53] - ChatGPT's learning mode emphasizes understanding over rote memorization, encouraging users to engage with the material actively [8][12][66] - Other companies, including Google and Anthropic, are also exploring similar Socratic-style questioning features, indicating a broader trend in AI education tools [66]

Core Insights - OpenAI has introduced a significant update to ChatGPT called Study Mode, which is designed to enhance the learning experience for users by guiding them through problem-solving rather than just providing answers [1][2]. Group 1: Features of Study Mode - In Study Mode, ChatGPT acts as a mentor, using Socratic questioning and hints to encourage active learning and deeper understanding [3][4]. - The mode is accessible to free users and has received positive feedback for its interactive prompts and structured responses that reduce cognitive load [4][6]. - The system is tailored to individual users based on their skill levels and previous interactions, providing personalized support [4][12]. Group 2: Educational Approach - The underlying framework of Study Mode is developed in collaboration with educators and experts, focusing on core behaviors that promote deeper learning, such as encouraging participation and managing cognitive load [12]. - Key instructional strategies include checking for understanding, reinforcing concepts, and using varied pacing to maintain engagement [20][24]. - The mode emphasizes collaboration with users to help them discover answers rather than providing direct solutions, fostering a more interactive learning environment [25][26].

Core Insights - OpenAI has introduced a significant update to ChatGPT called Study Mode, which aims to assist users in problem-solving step by step rather than just providing direct answers [1][2]. Features and Characteristics - **Interactive Prompts**: The Study Mode employs Socratic questioning and hints to encourage active learning, rather than simply delivering answers [2]. - **Scaffolding Responses**: Information is organized into easily digestible sections, highlighting key connections between topics to reduce cognitive load [2]. - **Personalized Support**: The mode tailors courses based on users' skill levels and previous interactions, enhancing the learning experience [2]. - **Knowledge Testing**: It includes quizzes and open-ended questions with personalized feedback to track progress and reinforce knowledge [2]. - **Flexibility**: Users can easily switch to Study Mode during conversations, allowing for adaptable learning objectives [2]. Implementation and Design - OpenAI collaborated with educators and experts to develop a custom system of instructions that promote deeper learning behaviors, such as encouraging participation and managing cognitive load [10]. - The system prompts are designed to help users discover answers through guidance rather than direct solutions [13][15]. User Experience - Users can utilize Study Mode for various educational purposes, including homework assistance and exam preparation [4]. - The mode begins by assessing the user's understanding of the topic before providing tailored instructional support [6].

Core Viewpoint - OpenAI has launched a new "Study Mode" for ChatGPT, designed to enhance learning by guiding users through problem-solving rather than simply providing answers [1][2]. Summary by Sections Introduction of Study Mode - The Study Mode is now available for free, Plus, Pro, and Team users, with ChatGPT Edu users to gain access in the coming weeks [2]. Educational Impact - Leah Belsky, OpenAI's VP of Education, emphasizes that using ChatGPT for teaching can significantly improve student learning outcomes, while merely using it as an "answer machine" may hinder critical thinking [4]. - Approximately one-third of college students are using ChatGPT to assist with their studies, raising concerns among educators and parents about potential academic dishonesty [4]. Learning Mode Features - The Study Mode does not provide direct answers; instead, it poses guiding questions to encourage users to think through problems and summarize concepts in their own words [12][15]. - The design of the Study Mode is a result of collaboration with educators and experts in teaching methodologies, incorporating long-term research in learning science [15]. Interactive Learning - Key features include: - Interactive questioning that promotes active learning through Socratic questioning and self-reflection prompts [16]. - Scaffolding responses that organize information into understandable parts, highlighting key connections between topics [16]. - Knowledge checks through quizzes and open-ended questions, providing personalized feedback to support knowledge retention [17]. Customization and Flexibility - The Study Mode adapts to the user's skill level and past interactions, breaking down complex information into manageable modules while maintaining contextual relevance [18]. - Users can toggle the Study Mode on or off based on their learning objectives [19]. Future Developments - OpenAI views the current Study Mode as an initial step, with plans to refine the model based on real student feedback and to incorporate clearer visual representations for complex concepts [23][24]. - Future improvements may include cross-dialogue goal setting and deeper personalization based on individual student needs [24]. Strategic Intent - OpenAI's CEO, Sam Altman, expresses skepticism about traditional education, suggesting a potential shift in educational paradigms over the next 18 years [26][28]. - This perspective indicates a strategic intent to fundamentally reshape future educational models through AI [28].