传媒周观点：关注MINIMAX/智谱上市进展巨人/吉比特新游上市在即

中信建投证券2025-12-14

龙头公司持续加码AI to C：阿里成立千问C端事业群，谷歌发布AI眼镜，智谱开源AutoGLM 千问App月活突破3000万，阿里发力AI to C卓有成效。据阿里公众号，千问App上线首周下载量突破1000万，23天月活突破3000万。目前千问App可以看图搜索同款产品并提供购买链接，集成阿里电商生态初见雏形。据晚点LatePost，千问与高德、淘宝、支付宝、闪购的协同都已经在推进中，预计春节...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251214204129a44a2294&s=b><strong>中信建投证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>龙头公司持续加码AI to C：阿里成立千问C端事业群，谷歌发布AI眼镜，智谱开源AutoGLM 千问App月活突破3000万，阿里发力AI to C卓有成效。据阿里公众号，千问App上线首周下载量突破1000万，23天月活突破3000万。目前千问App可以看图搜索同款产品并提供购买链接，集成阿里电商生态初见雏形。据晚点LatePost，千问与高德、淘宝、支付宝、闪购的协同都已经在推进中，预计春节...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251214204129a44a2294&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":"LU1280957306.USD","symbol_name":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) 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Show宣布首款搭载Gemini大模型的消费级AI眼镜将于2026年批量推出，将推出无显示屏版和带显示屏版2种形态。核心亮点1）无显示屏版类似Meta Ray-Ban，可与Gemini对话。带显示屏版可在用户需要时私密显示实用信息，例如向导或翻译。2）眼镜接入Nano Banana，生成并编辑图像内容。我们认为眼镜轻便、刚需、高频使用，也是AI流量入口的形式之一，关注新眼镜与谷歌生态的融合趋势。关注12月18日火山引擎FORCE原动力大会。据火山引擎公众号，会议内容包括豆包大模型家族全线焕新、Agent开发工具升级等，将设立AI应用、视频与边缘、智能硬件等7个产品论坛和AI+消费、AI+游戏等6个行业论坛，我们预计届时也将披露最新的豆包模型Token调用量，更新AI端侧布局、即梦等多模态模型更新。此前火山引擎披露，截至2025年9月底豆包大模型日均Tokens调用量已突破30万亿，相比今年5月底增长超80%。折算后目前月度Token调用量达900万亿，接近谷歌Gemini的规模。风险提示版权保护力度不及预期，知识产权未划分明确的风险，IP影响力下降风险，与IP或明星合作中断的风险，大众审美取向发生转变的风险，竞争加剧的风险，用户付费意愿低的风险，消费习惯难以改变的风险，关联公司公司治理风险，内容上线表现不及预期的风险，生成式AI技术发展不及预期的风险，产品研发难度大的风险，产品上线延期的风险，营销买量成本上升风险，人才流失的风险，人力成本上升的风险，政策监管的风险，商业化能力不及预期的风险。","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 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传媒周观点：关注MINIMAX/智谱上市进展 巨人/吉比特新游上市在即

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传媒周观点：关注MINIMAX/智谱上市进展巨人/吉比特新游上市在即