计算机行业周报：国内多模态AI应用全更新！物理AI产业化加速！

申万宏源研究08-03

本期投资提示：本周周报要点：1） Figma 上市，国内多模态AI 应用进展更新；2）物理AI 产业化加速，下一代AI 进入场景落地阶段；3）重点公司更新：金山办公（发布WPS AI3.0，Agentic AI 构建自主思考+执行）、迈富时（AI Agent 产品商业化加速！）、海康威视（中报利润超预期，AI+千行百业商业化加速）。Figma 上市，催化AI+设计及多模态应用高关注，多模态AI ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2556459824?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-08-03 00:00","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2556459824","market":"hk","top_or_hot":-1,"title":"计算机行业周报：国内多模态AI应用全更新！物理AI产业化加速！","media":"申万宏源研究","content":"<div>\n<p>本期投资提示：本周周报要点：1） Figma 上市，国内多模态AI 应用进展更新；2）物理AI 产业化加速，下一代AI 进入场景落地阶段；3）重点公司更新：金山办公（发布WPS AI3.0，Agentic AI 构建自主思考+执行）、迈富时（AI Agent 产品商业化加速！）、海康威视（中报利润超预期，AI+千行百业商业化加速）。Figma 上市，催化AI+设计及多模态应用高关注，多模态AI ...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250803125218a6d011bc&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>计算机行业周报：国内多模态AI应用全更新！物理AI产业化加速！</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n计算机行业周报：国内多模态AI应用全更新！物理AI产业化加速！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-03 00:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250803125218a6d011bc&s=b><strong>申万宏源研究</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>本期投资提示：本周周报要点：1） Figma 上市，国内多模态AI 应用进展更新；2）物理AI 产业化加速，下一代AI 进入场景落地阶段；3）重点公司更新：金山办公（发布WPS AI3.0，Agentic AI 构建自主思考+执行）、迈富时（AI Agent 产品商业化加速！）、海康威视（中报利润超预期，AI+千行百业商业化加速）。Figma 上市，催化AI+设计及多模态应用高关注，多模态AI ...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250803125218a6d011bc&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1518","symbol_name":"SaaS概念","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250803125218a6d011bc&s=b","article_id":"2556459824","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250803125218a6d011bc&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2556459824","pubTimestamp":1754150400,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"本期投资提示：本周周报要点：1） Figma 上市，国内多模态AI 应用进展更新；2）物理AI 产业化加速，下一代AI 进入场景落地阶段；3）重点公司更新：金山办公、迈富时（AI Agent 产品商业化加速！Figma 上市，催化AI+设计及多模态应用高关注，多模态AI 设计应用全更新。机器人或由物理AI 推动，而物理AI 则是理解物理世界的AI。国内物理AI 商业化进程加速，已有场景落地。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"600570":"恒生电子","603019":"中科曙光","603108":"润达医疗","603859":"能科科技","688039":"当虹科技","688041":"海光信息","688088":"虹软科技","688095":"福昕软件","688111":"金山办公","688208":"道通科技","688475":"萤石网络","688507":"索辰科技","688590":"新致软件","688777":"中控技术","BK1518":"SaaS概念","BK1526":"科网股","00268":"金蝶国际","00354":"中国软件国际","BK1155":"信息科技咨询与其它服务","BK1586":"云计算","02556":"迈富时","KGDEY":"金蝶国际ADR","BK1589":"北水核心资产"},"translate_title":"Computer Industry Weekly: Domestic multi-modal AI applications are fully updated! The industrialization of physical AI is accelerating!","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600570":0.9,"603019":0.9,"603108":0.9,"603859":0.9,"688039":0.9,"688041":0.9,"688088":0.9,"688095":0.9,"688111":0.9,"688208":0.9,"688475":0.9,"688507":0.9,"688590":0.9,"688777":0.9,"00354":0.9,"02556":0.9,"KGDEY":0.9,"00268":0.9},"content_text":"本期投资提示：本周周报要点：1） Figma 上市，国内多模态AI 应用进展更新；2）物理AI 产业化加速，下一代AI 进入场景落地阶段；3）重点公司更新：金山办公（发布WPS AI3.0，Agentic AI 构建自主思考+执行）、迈富时（AI Agent 产品商业化加速！）、海康威视（中报利润超预期，AI+千行百业商业化加速）。Figma 上市，催化AI+设计及多模态应用高关注，多模态AI 设计应用全更新。1）万兴科技天幕大模型 2.0 在真实、可控、快速维度迭代，支持图生视频、文生音乐等功能。2）虹软科技以类 DeepSeek 工程化思路构建技术壁垒，AI 拍照算法在安卓主流手机市占率较高，并切入智能驾驶、AI 眼镜头显等领域。3）当虹科技 BlackEye 多模态大模型融合 DeepSeek 技术，赋能传媒、车载等领域，应用于巴黎奥运会。机器人或由物理AI 推动，而物理AI 则是理解物理世界的AI。黄仁勋介绍物理AI 的核心是能理解摩擦力、惯性、因果关系、物体的“永久性”，对物理世界、三维世界的这种理解将开辟AI 的新纪元，称之为“物理AI”，将使机器人变得可行。Nvidia 此前发布Omniverse+Cosmos，未来可生成物理AI 数据应用于智驾+机器人。英伟达CES 发布Cosmos 虚拟数据合成模型，可生成虚拟世界状态，生成高质量数据以训练机器人、智能驾驶端侧模型。目前英伟达Omniverse+Cosmos 完成工业物理AI实践，极大程度满足端侧模型训练要求，会成为推动机器人+智能驾驶的重要支撑。国内物理AI 商业化进程加速，已有场景落地。1）索辰科技：WAIC 会议发布具身智能虚拟训练、低空三维物理地图；2）赛意信息：合作逗号科技，物理AI 协助实现供应链智能化；3）智微智能：物理AI 落地终端，机器人的“大脑”、“小脑”控制方案。标的1）AIGC：金山办公、万兴科技、道通科技、虹软科技、新致软件、星环科技、中科创达、润达医疗（医药+计算机）、福昕软件、萤石网络、汉得信息。标的2）数字经济领军：海康威视、金山办公、恒生电子、中控技术、德赛西威、启明星辰、科大讯飞、华大九天、同花顺、金蝶国际、大华股份、新大陆。标的3）信创&数据：海光信息、软通动力、索辰科技、博思软件、能科科技、纳思达、太极股份、中国软件国际。标的4）AIGC 算力：浪潮信息、海光信息、神州数码、中科曙光等。风险提示：行业若激进扩人策略，可能影响盈利增长。外部因素影响供应链稳定性。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2556459824","isCrawlerRequest":true}