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Sora 2强化新叙事:AI吞噬APP,Meta应声下跌
华尔街见闻· 2025-10-03 10:50
新一轮AI视频大战打响 Sora 2的推出标志着科技巨头们在AI驱动的短视频社交领域展开了新一轮军备竞赛。 OpenAI最新视频生成模型Sora 2及其应用的火爆,正在市场中催生一股强有力的新叙事,即AI正准备吞噬并重塑现有的软件应用生态。 OpenAI周二正式发布其迄今最先进的视频生成模型Sora 2.0,并同步推出了一款名为"Sora by OpenAI"的iPhone应用,旨在让AI视频创作走向大众,用户可以 制作并与朋友分享AI生成的视频。 尽管该应用目前仍为邀请制,但已迅速登顶苹果App Store排行榜。 Sora 2发布后,Meta的股价在隔夜交易中下跌了2.3%。 高盛市场部门评论称, 这主要是 出于市场对Sora 2强大的音视频生成能力可能催生出全新的社交媒体生态系统的担忧。 在投资者看来, Sora 2的出现,被视为对"AI/大语言模型(LLM)吞噬软件/应用"这一叙事的强力确认。 "无限废料"与历史的回响 实际上,在OpenAI凭借Sora抢占头条之前,AI视频应用的战火早已点燃。 AI领域的参与者们已纷纷布局,试图抢占这个被称为"AI原生社交信息流"的新赛 道。 去年8月,Charac ...
ADM to put US feed mills into joint venture as it cuts costs
Reuters· 2025-09-23 20:50
Core Viewpoint - Archer-Daniels-Midland is entering a joint venture for its 11 U.S. feed mills, where it will hold a minority stake, aiming to reduce costs and simplify its portfolio [1] Group 1 - The company is seeking to streamline its operations through this joint venture [1] - The decision reflects a strategic move to enhance efficiency and focus on core business areas [1]
高盛:中国基础材料-中国大宗商品 -更新盈利预期
Goldman Sachs· 2025-06-09 01:42
Investment Rating - The report maintains a positive outlook on cement, copper, and incrementally positive on steel and aluminium, while holding a negative view on coal and lithium [1][9]. Core Insights - Earnings estimates for China commodities have been refreshed, reflecting mark-to-market price changes for 1H25, with target price changes ranging from -13% to +12% [1][9]. - The report highlights a positive outlook for hog pricing/margin in 2H25E due to improved supply discipline [1][9]. Summary by Sector Steel - Earnings forecasts for Baosteel and Angang have been revised up by 1-4% for 2025E, while the loss-making forecast for Maanshan has been cut by 11% [10]. - Maintain Buy on Baosteel with a new target price of Rmb8.8/sh [10]. Coal - The thermal coal market is expected to remain balanced in 2025E, with a decline in demand driven by renewable energy expansion [11]. - Earnings forecasts for Shenhua, Chinacoal, and Yankuang have been cut by 2-11% for 2025E and 10-27% for 2026-27E [12]. Cement - Unit gross profit forecasts for cement have been revised down by Rmb2-6/t for 2025E, but a positive view is maintained for 2H25E due to supply discipline [13]. - Earnings estimates for CNBM, WCC, BBMG-H/A, Conch-H/A, and CRBMT have been cut by 6% to 18% for 2025E [14]. Aluminum - Earnings estimates for Hongqiao have been revised up by 5-27% for 2025-27E, reflecting higher industry spread forecasts [17]. - Maintain Neutral on Hongqiao with a target price of HK$12.5/sh [17]. Copper - The benchmark copper price forecast has been revised to an average of US$4.20/lb in 2025E and US$4.61/lb in 2026E [18]. - Earnings estimates for CMOC-H/A, JXC-H/A, and MMG have been cut by 1-18% for 2025-26E [18]. Lithium - Earnings estimates for Ganfeng, Tianqi, and Yongxing have been cut by 3-4% for 2025E due to lower lithium prices [20]. - Yongxing's 2027E earnings have been cut by 37% based on flat lithium price forecasts [20]. Paper - Earnings forecasts for ND Paper have been revised up by 3-4%, while Sunpaper's earnings have been cut by 3% [22].