腾讯元宝、Gemini2.5、GPT-5 联合作者 2025年6月，《纽约客》杂志刊登文章《AI Is Homogenizing Our Thoughts》，其核心观点是AI可能让我 们变得越来越像，不管是说话还是写文章，都越来越陷于一个套路，连想问题都缺乏新意。近日，腾讯 研究院 发文回应了《纽约客》的文章 ，指出AI并不是平庸化的推手，而是提升了社会整体的智力水 位。这些讨论最终都回到一个问题：AI到底是"降智"、还是"启智"？ 美国麻省理工学院近期发表的论文《Your Brain on ChatGPT》指出，长期依赖AI工具 （如ChatGPT） 会削 弱人脑的主动信息处理能力，形成"认知债务"。这种债务表现为记忆检索、批判性思维和创造性解决问 题能力的退化。 实验由54名被试者参加，发现使用AI工具的人出现了明显的记忆能力下降：LLM组 （使用ChatGPT） 在即 时引用自己撰写的文章时，正确率仅为11.1%，而对照的Brain-only组 （不使用AI工具） 高达88.9%。实验 还 发 现 了 被 试 者 脑 电 波 的 神 经 连 接 减 弱 ： EEG 数 据 显 示 ， LLM 组 的 a ...

Investment Rating - Maintain "Buy" rating for the industry [6] Core Insights - The overseas AI computing power market remains robust, with significant growth in companies like Vertiv and Amphenol, driven by strong demand in the AI sector [1][2] - Google's capital expenditure remains at $75 billion for the year, with advancements in AI providing growth opportunities [3][48] - The Shanghai Auto Show highlights the acceleration of domestic chip innovation in the automotive sector, indicating a growing focus on local manufacturers [3] Summary by Sections Vertiv & Amphenol Performance - Vertiv reported Q1 2025 revenue of $2.036 billion, a year-over-year increase of 24.2%, exceeding guidance by $111 million. The company raised its full-year revenue guidance by $250 million, expecting a midpoint of $9.45 billion, a year-over-year increase of 17.9% [12][19] - Amphenol achieved Q1 2025 revenue of $4.811 billion, surpassing the previous guidance of $4.1 billion, with a year-over-year growth of 48%. The order amount reached a record high of $5.292 billion, a year-over-year increase of 58% [25][34] Google Performance - Google reported Q1 2025 revenue of $90.234 billion, a year-over-year increase of 12%, with net profit rising 46% to $34.540 billion. The company maintains a gross margin of 59.7% [38][39] - The AI model Gemini 2.5 has significantly improved user engagement and business growth, contributing to the overall performance [41] Industry Trends - The automotive sector is increasingly focusing on domestic chip innovation, with companies like Hezhima Intelligent launching new products aimed at enhancing safety and efficiency in driving [3] - The demand for AI-related products is driving growth in various sectors, including IT data communication, which is expected to see high single-digit growth due to accelerated investments in AI data centers [34][65]

Investment Rating - Maintain "Buy" rating for the industry [6] Core Insights - The overseas AI computing power market remains robust, with significant growth in companies like Vertiv and Amphenol, driven by strong demand in the AI and data center sectors [1][2] - Google's capital expenditure remains at $75 billion for the year, with advancements in AI providing growth opportunities [3] - The Shanghai Auto Show highlights the acceleration of domestic chip innovation in the automotive sector, indicating a growing focus on local manufacturers [3] Summary by Sections Vertiv & Amphenol Performance - Vertiv reported Q1 2025 revenue of $2.036 billion, a year-over-year increase of 24.2%, exceeding guidance by $111 million. The company raised its full-year revenue guidance by $250 million, expecting a midpoint of $9.45 billion, a year-over-year increase of 17.9% [12][19] - Amphenol achieved Q1 2025 revenue of $4.811 billion, surpassing the previous guidance of $4.1 billion, with a year-over-year growth of 48%. The order amount reached a record high of $5.292 billion, a year-over-year increase of 58% [25][34] Google Performance - Google reported Q1 2025 revenue of $90.234 billion, a year-over-year increase of 12%, with net profit of $34.540 billion, up 46% [38][39] - The company's cloud business revenue reached $12.260 billion, growing 28% year-over-year, driven by strong market demand [39][41] Semiconductor Industry Insights - TSMC's Q1 2025 revenue was $25.53 billion, at the upper end of guidance, with a year-over-year increase of 35.5%. The company expects Q2 revenue to be between $28.4 billion and $29.2 billion, driven by strong demand for 3nm and 5nm technologies [50][58] - SK Hynix reported Q1 2025 revenue of 17.6 trillion KRW, a year-over-year increase of 42%, despite a seasonal decline [65][66] Automotive Sector Developments - The Shanghai Auto Show showcased advancements in domestic automotive chips, with a focus on autonomous driving and smart connectivity, indicating a growing emphasis on local chip manufacturers [3]