【山证通信】北美光通信财报指引 分析师： 上周，谷歌正式发布了 AI 图像旗舰模型 Nano Banana Pro，其效果惊艳，主 要提升包括人像细节更加真实、对物理规律的把握符合现实、立等可用的信息图 表&海报、文字现实准确度的提升、支持 4K 原生以及最重要的其结合 Gemini3 强大原生多模态能力可对文字 prompt 进行推理或计算输出效果图。Nano Banana Pro 强大的效果引发社交媒体的现象级传播，与此同时市场担心 AI 大模型格局已 定，GPU 投资叙事受到影响。我们认为，谷歌 Gemini3 pro 系列的成功建立在自 有数据、TPU 算力、安卓流量入口以及强大的模型团队一系列系统级创新上，这 恰恰说明了 scalinglaw 仍然发挥作用，大模型超越纸面测试分数后在人类使用体 验上天花板仍然很高。谷歌云副总裁在近期举办的全员会议透露，公司需要每 6 个月将 AI 算力翻倍，计划 4-5 年实现 1000 倍增长。这将倒逼 OpenAI、Anthropic、 xAI 以及国内厂商加速推出更强模型，并且加大对原生多模态能力的投入（各大 厂都有独特的数据&算法优势），AI 竞赛胜负未定， ...

Group 1: TikTok and Meta - TikTok's video recommendation algorithm head, Adam Zhang, has left to join Meta, where he will oversee Instagram Reels' recommendation business, marking a significant talent acquisition from TikTok [1][2][3] - Adam Zhang has a strong background in algorithm development, having previously worked at Microsoft, Google, and Kuaishou, and his departure is not expected to disrupt TikTok's technical capabilities due to existing mature teams [2] - Meta's urgency in hiring Zhang reflects its strategic anxiety in the short video space, as TikTok's rapid growth has posed a serious threat to Meta, with TikTok surpassing Instagram in user engagement in under two years [3] Group 2: Corporate Changes at Xiaomi - Xiaomi has announced a personnel adjustment, with Xu Jieyun taking over as the new head of the public relations department, while Wang Hua has been reassigned to the Wuhan headquarters [4][5] Group 3: Nvidia and US Government - The US government is reportedly considering allowing Nvidia to sell its H200 AI chips to China, with the Commerce Department reviewing export restrictions [5][6] - The H200 chip offers double the performance of its predecessor, the H100, due to increased high-bandwidth memory [6] Group 4: Geely's Autonomous Driving Integration - Geely is advancing its autonomous driving integration, with the Zeekr autonomous driving team transitioning to a newly established joint venture [7][8] Group 5: Meta Leadership Changes - Meta's Chief Revenue Officer, John Hegeman, has announced his departure to start his own company, marking a significant leadership change as Meta focuses on superintelligence development [9] Group 6: Google and Apple Interoperability - Google has confirmed that its Pixel 10 series can now share files with Apple devices, marking a significant step in cross-platform interoperability [10][11] Group 7: Nvidia and OpenAI Investment - Nvidia has expressed uncertainty regarding its previously announced $100 billion investment in OpenAI, stating that there is no guarantee of finalizing the agreement [12][13] Group 8: Gemini 3.0 Launch - Google has launched its latest AI model, Gemini 3.0, which has achieved a record score of 37.4 in benchmark tests, surpassing previous models [14] Group 9: AI Search Preferences Among Youth - A survey indicates that young people prefer using AI for information searches over traditional search engines, with 50% of respondents occasionally using AI for this purpose [15][16] Group 10: Lingguang App Success - The Lingguang app has achieved over 1 million downloads within four days of its launch, ranking sixth in the App Store's free category in China [17][22] Group 11: Google AI Training Policy - Google has denied claims that it uses Gmail content to train its AI models, emphasizing user privacy and the longstanding nature of its smart features [23] Group 12: AI Engineer Salary Comparison - A report indicates that the salary gap between Chinese and American AI engineers has narrowed to a factor of two, with a significant increase in AI job postings in China [25] Group 13: Data Leakage Concerns - A report highlights that copy-pasting is now a common source of data leakage in enterprises, particularly due to the rise of generative AI [26]