编译丨王聪 编辑丨王多鱼 排版丨水成文 人工智能 （AI） 技术的最新进展正在重塑诸如信息检索 （例如 ChatGPT） 、编程 （例如 GitHub Copilot） 和图像生成 （例如 DALL-E） 等传统上劳动密集 型任务。这些发展得益于算法的显著改进，例如大语言模型 （LLM） 和强化学习 （RL） ，从而重新激发了人们对 Agent （智能体） 和 Agentic AI （ 代理式 AI ） 的兴趣。 Agent 被 定 义为一个系统，该系统包含一个或多个计算模型，这些模型能够自主运行，通过处理数据来引导解决方案的生成、决策制定和执行，从而实现人类指 定的目标。而 Agentic AI 则是一种新型 AI 架构，它能让一个或多个智能体协同工作，以实现共同的高层次目标 ， Agentic AI 在变革长期以来被认为具有独特人 类属性的活动方面展现出巨大潜力。 生物医学研究 就是其中之一，它通常涉及文献回顾、假设生成、实验设计、数据分析、结果解读以及真实世界验证等反复且 迭代的过程。生物医学研究面临诸多阻碍，包括专家资源有限、时间紧迫、资金资源匮乏以及对多种技能和知识的高需求。而 Agentic AI ...

At the core of Microsoft’s growth story is its massive investment in infrastructure. Microsoft is optimizing efficiency through what it calls “tokens per watt per dollar,” which focuses on lowering costs while scaling performance. The company is also diversifying its hardware stack by combining chips from Nvidia (NVDA) and AMD (AMD) with its own custom silicon, like the Maya and Cobalt series, improving both performance and cost efficiency.Financially, the company remains very strong. Revenue increased 17% ...

整理 | 褚杏娟 当地时间 3 月 26 日，GitHub 宣布，自 4 月 24 日起，除非用户主动选择退出，Copilot Free、 Pro 和 Pro+ 用户与 Copilot 的交互数据将被用于训练和改进其 AI 模型。此次调整不适用于 Copilot Business 和 Copilot Enterprise 用户。此外，免费获得 Copilot Pro 权限的学生和教师 不受此次更新影响。 GitHub 强调用户仍然保有选择权。对于不希望参与训练的个人用户，可以在设置中的 "Privacy （隐私）"选项里手动退出。GitHub 强调会提前 30 天通知用户，并允许随时退出。不过，值得 注意的是，Free、Pro 和 Pro+ 个人用户被默认纳入了训练范围，需要自行设置退出。 被吐槽很难找到的退出设置 被拿去训练模型的数据 根据 GitHub 的说明，可被用于模型训练的数据包括： 不过，GitHub 也划出了一些不会被纳入本次项目的数据范围： 官方特意使用了"静态存储"这个说法，是因为当用户主动使用 Copilot 时，Copilot 确实会处理来 自私有仓库的代码。这些交互数据是运行服务所必需 ...

From $383 to $500: BofA's Bold Microsoft Call Rests on Azure and Copilot Momentum - 24/7 Wall St. S&P 5006,579.90 -0.18% Dow Jones46,338.00 +0.13% Nasdaq 10024,091.00 -0.55% Quick Read Microsoft (MSFT) reported Azure revenue growth of 39% year-over-year with Intelligent Cloud segment revenue at $32.91B, up 29% YoY, while commercial remaining performance obligation surged 110% YoY to $625B. Bank of America reinstated coverage with a Buy rating and $500 price target, implying 31% upside from current levels ne ...

Quick Read Microsoft (MSFT) reported Azure revenue growth of 39% year-over-year with Intelligent Cloud segment revenue at $32.91B, up 29% YoY, while commercial remaining performance obligation surged 110% YoY to $625B. Bank of America reinstated coverage with a Buy rating and $500 price target, implying 31% upside from current levels near $383, though the target requires Azure sustaining 37-38% growth and Copilot seat expansion converting into measurable revenue uplift. Bank of America’s thesis centers ...

henry 发自 凹非寺 量子位 | 公众号 QbitAI 各位养虾户早上好，龙虾又又又更新了！ 时隔九天，虾父Peter带来了全新版本 2026.3.22-beta.1 。 更新内容之丰富，堪称有史以来最大更新—— 触控板和鼠标滚轮都得划半天才能看完。 先告诉你最关键的： 龙虾能自己更新自己。 而说回更新，亮点概览如下： 此外，龙虾还对安全、UI、安卓移动端、社交媒体集成做了优化，接下来，我们一起来看。 插件更新 在执行审批（exec approvals）流程中，系统现在能自动识别 time 等调度包装器。当执行 time … 命令时，审批逻辑会穿透路径，直接绑 定到内部的可执行文件。 为了提升插件分发安全性和开发规范，OpenClaw对插件安装机制和开发接口进行了大量优化： 除了将插件统一到ClawHub，以及移除旧的openclaw/extension-api以外。 插件升级：旧有的openclaw/extension-api已经被彻底移除，且不提供任何兼容垫片，统一走新版openclaw/plugin-sdk/*；安装插件优 先ClawHub，找不到才去npm。 模型更新：上新MiniMax M2.7 ...

Shares of Microsoft (NASDAQ: MSFT) have been slammed so far in 2026. As of this writing, the stock is down about 19% year to date -- a decline far worse than the S&P 500's 3% pullback. This sell-off comes even as the company continues to post impressive top- and bottom-line growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » So wh ...

Core Viewpoint - Microsoft shares have declined nearly 18% this year due to investor concerns about the return on its significant investments in AI infrastructure and the impact on Azure's growth [1] Financial Performance - Microsoft reported capital expenditures of $37.5 billion for Q2 of fiscal 2026, with approximately two-thirds allocated to short-lived assets like GPUs and CPUs [3] - Microsoft Cloud revenue increased by 26% year over year to $51.5 billion, while Azure and other cloud services revenue grew by 39% year over year, driven by strong AI demand [5] AI Monetization Strategy - Microsoft is monetizing AI across various products, including Microsoft 365 Copilot and GitHub Copilot, with 15 million paid Microsoft 365 Copilot users (up over 160% year over year) and 4.7 million paid GitHub Copilot users (up 75% year over year) [9] - The introduction of a new premium Microsoft 365 tier, Microsoft 365 E7, bundles Copilot AI capabilities and costs $99 per user per month, representing a nearly 65% increase from the E5 tier [10] Pricing Power and Licensing Changes - Microsoft's growing influence in enterprise software is enhancing its pricing power, with licensing changes that could increase costs for typical enterprise agreements by as much as 25% by mid-2026 [11] - The company has bundled Copilot into E3 and E5 tiers and removed some discounts from enterprise agreements, which some critics refer to as an "AI tax" on IT budgets [11] Strategic Positioning - Microsoft is positioning Azure as a platform for building AI applications, with services like Azure AI Foundry and Microsoft Fabric supporting a broad AI ecosystem [8] - The impact of AI investments should not be evaluated solely through Azure's growth rate, as the cloud infrastructure supports various enterprise software and productivity platforms [8]

Market Overview - The early part of the year has seen a classic risk-off rotation, with capital flowing from high-growth technology sectors into more defensive sectors like consumer staples and utilities [1][2] - Persistent inflation, a pause at the Fed, private credit concerns, and geopolitical tensions have contributed to a shaky market start, leading investors to question the sustainability of the AI-driven bull market [2] Seasonal Trends - Historical data indicates that April is the second-best performing month for the S&P 500 since 1950, suggesting potential for a market rebound [3] - The adage "Sell in May and Go Away" has lost significance, as S&P 500 returns in May have been positive 90% of the time over the past decade, with an average gain of 1.4% [4] - Stocks have historically moved higher 90% of the time from May through October, despite this period being labeled as the "worst six-month period" [6] Tax Refunds and Consumer Spending - Early 2026 tax refunds are significantly higher than the previous year, averaging 10-11% larger, which could boost consumer spending [7] - Increased liquidity from tax refunds is expected to flow into discretionary spending, particularly in retail and technology sectors, aligning with historical seasonal strength [8] AI Productivity Gains - The transition of artificial intelligence from hype to tangible productivity gains is becoming increasingly evident, with measurable business outcomes emerging from AI applications [9][10] - Controlled studies show that AI tools can improve productivity significantly, with time savings and output improvements ranging from 14% to 55% depending on the role [11][12] - McKinsey's 2025 Global AI Survey indicates that 66% of organizations report productivity gains from AI, particularly in software engineering, manufacturing, and IT functions [14] Investment Implications - The shift from experimental AI pilots to scaled deployment in knowledge work and software development is expected to drive higher corporate earnings and expanded margins for technology companies [15] - The current pause in technology stocks may reflect a lag in realizing the benefits of infrastructure investments, with Q1 2026 earnings likely to demonstrate revenue and profit acceleration [16] - The combination of seasonal trends, tax-refund liquidity, and moderating interest rates could create a favorable environment for recognizing AI's real-world impact, setting the stage for a potential market rally [17]

Over the past couple of years, artificial intelligence (AI) investing has focused mostly on companies supplying chips, servers, and cloud infrastructure. However, the next phase of the AI cycle can reward companies that successfully monetize AI use, especially through recurring software revenue.Microsoft (MSFT 1.57%) appears well positioned to benefit from this transition. In addition to building AI-optimized Azure cloud infrastructure, the company is offering services to build AI agents. Microsoft has also ...