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星宿小小仙
死生皆命 富贵由天
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星宿小小仙
星宿小小仙
·
06-15
支持!阿里老高管嘴里的有情有义已经变味,可能是富贵久了,可能离开基层、业务等土里太久被人捧飞的结果。
前蚂蚁、飞书高管玉伯点评无招下课:普天同庆,讨厌有情有义
6月13日消息,阿里前资深技术专家 、蚂蚁集团体验技术部负责人、飞书副总裁玉伯昨天在X上点评了钉钉前CEO无招因7.5万字小作文火线下课事件。比如,玉伯表示,一直很讨厌无招,也很讨厌阿里不少高管嘴里的有情有义。玉伯称,特别讨厌无招带队下的钉钉管理方式。玉伯认为,情义容易滋生关系、奇葩和组织僵化等弊端,而商业组织里的无情无义往往是好事。这不是玉伯第一次点评无招事件,五天前,玉伯就对此发表了评价。
前蚂蚁、飞书高管玉伯点评无招下课:普天同庆,讨厌有情有义
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星宿小小仙
星宿小小仙
·
05-20
没用,大概早晚一场空!!如果判断正确,如此大的利益,超级组织一定会介入,甚至通过A4纸拿走超大份额!
蔡崇信吴泳铭致股东信:努力将AI+云打造成阿里巴巴又一个增长动力
5月20日,$阿里巴巴(BABA)$集团主席蔡崇信和首席执行官吴泳铭联合发布致股东信。信中称,$阿里(09988)$AI业务已跨越初期投入阶段,正式迈入商业化回报周期。“依托人才、技术和资源积累,我们对把握时代机遇充满信心,努力将AI+云打造成阿里巴巴的又一个增长动力。为了实现这一愿景,我们正在加大对全栈AI能力的投资力度:我们将持续加大AI基础设施建设和自研芯片的投入;在模型和应用层面,我们将投资打造更强大的基础模型能力,吸引更多应用接入,同时打造更强大的MaaS产品,来更高效地实现模型与应用的连接。”
蔡崇信吴泳铭致股东信:努力将AI+云打造成阿里巴巴又一个增长动力
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星宿小小仙
星宿小小仙
·
04-17
幽灵外卖门店是如何获得营业执照的??
共处罚没款35.97亿元!7家电商平台涉“幽灵外卖”系列案被处罚
同时,依据《中华人民共和国食品安全法实施条例》第七十五条的规定,对7家平台企业法定代表人和食品安全总监合计处以罚款1968.74万元。上述行为严重违反《中华人民共和国食品安全法》《中华人民共和国电子商务法》《中华人民共和国食品安全法实施条例》有关规定。案件启动调查后,市场监管总局第一时间责成电商平台立行立改,7家电商平台均已下架未经审核的有关“幽灵店铺”,停止与相关转单平台的餐饮转单合作。
共处罚没款35.97亿元!7家电商平台涉“幽灵外卖”系列案被处罚
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星宿小小仙
星宿小小仙
·
04-01
国内企业应该学习,人家联合起来整合资源做透1-2个通用型基础模型。
8417亿!史上最大融资诞生
编译 | 李水青编辑 | 心缘智东西4月1日消息,今早,OpenAI宣布完成了最新一轮融资,募集资金达1220亿美元,投后估值达8520亿美元,成为全球有史以来规模最大的单笔私募股权融资。到2024年底,其季度营收达到了10亿美元。此外,OpenAI已将现有循环信贷额度扩大至约47亿美元。高达8520亿美元的估值,将行业准入门槛拉升至前所未有的高度。
8417亿!史上最大融资诞生
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星宿小小仙
星宿小小仙
·
02-24
肤浅!说的都是表象,最根本的一点没说。
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星宿小小仙
星宿小小仙
·
02-19
大家更担心土壤问题
非常抱歉,此主贴已删除
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星宿小小仙
星宿小小仙
·
02-14
一举两得,花一份钱干两件事,利用生态优势抢占AI入口。
前有大模型吞金,后有美团压制:阿里的2026没有“双线作战”
报道指出,阿里核心管理层在2026年初的内部会议上,明确鼓励团队要大胆做淘宝闪购,定下了“三年内没有亏损负担”的基调,并将即时零售视为2026年的重中之重,甚至将“建仓”列为第一优先级。“建仓”只是表象,商品结构与供给才是即时零售的灵魂在阿里关于即时零售的规划中,2026年的第一优先级被定为“建仓”。财报数据显示,阿里在2025年的利润不足2000亿,现金及等价物约为1400亿。
前有大模型吞金,后有美团压制:阿里的2026没有“双线作战”
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星宿小小仙
星宿小小仙
·
02-07
别酸,中国民企的环境,决定他们做创新不仅更要急迫考量变现的出路,还要考量变现路径是否能够守住(包含黑白紫三个层面)否则就是一个死。
AI大战的双重剧本:美国在革新工具效率,中国在重塑生活范式
据悉,此次的30亿元,在阿里历史上的春节活动中投入最大,可见其抢占AI入口的决心。根据交通运输部预测,2026年春运期间全国跨区域人员流动量将达到95亿人次。这也是各大互联网公司纷纷加码春节AI竞争的原因所在。花旗预计,在一系列新春推广活动后,中国AI助手应用采用将快速推进。中国的AI一方面在基础大模型与美国你追我赶,另一个方面也在引领着AI生活应用场景上的落地。
AI大战的双重剧本:美国在革新工具效率,中国在重塑生活范式
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星宿小小仙
星宿小小仙
·
01-13
不可能,在基本面未变,外部环境变糟,还有那一顿胖揍没有实质修复的情况下,咋可能轻易起来。
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星宿小小仙
星宿小小仙
·
01-07
某位的公关费/每年是多少??
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src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>玉伯称,特别讨厌无招带队下的钉钉管理方式。“这次无招下课,普天同庆。”</p><p>与此同时,玉伯还谈到了商业组织里的“有情有义”和“无情无义”。</p><p>玉伯认为,情义容易滋生关系、奇葩和组织僵化等弊端,而商业组织里的无情无义往往是好事。</p><p>“这点特别佩服字节。虽然字节让人有很强的齿轮感、螺丝感,但因为无情无义没那么多,更多是看数据、看逻辑,反而很多地方是晴天,不会滋生乱七八糟的东西。”</p><p>这不是玉伯第一次点评无招事件,五天前,玉伯就对此发表了评价。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>玉伯表示自己看完了《置身钉内》,称赞作者文笔很好,文章看起来也很爽。</p><p>他认为,钉钉还是那个熟悉的钉钉,无招也还是那个无招的无招。</p><p>“曾经的成功者,最难忘记的就是曾让自己成功的手感。文中的无招,明显没有走出自己的影子。但这也是创业者最开心得想哈哈大笑的事情:发现无论无招还是一鸣还是小龙,都在重复曾:经成功的自己。让他们继续重复下去,这正是所有创业者的曙光。”</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>玉伯甚至还吐槽了创业者的一个时间浪费。</p><p>在他看来,创业者最大的一个时间浪费,就是去找其他创业者取经。</p><p>“每个人的经书都是不一样的。要去取,往往也不在其他创业者的经验里。而在,用户的吐槽里。”</p><p>公开信息显示,玉伯,真名王保平,<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>集团前资深技术专家,被誉为阿里前端第一人,曾任蚂蚁集团体验技术部负责人,也是知名知识库工具语雀的创始人。</p><p>他于2008年加入阿里,2023年离职,加入字节跳动飞书,任飞书开放平台负责人。2024年4月从飞书离职独立创业,打造AI创作工具YouMind,首轮融资近千万美元,转向AI生产力工具赛道。</p></body></html>","source":"ifeng_tech","collect":0,"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>前蚂蚁、飞书高管玉伯点评无招下课:普天同庆,讨厌有情有义</title>\n<style 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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前蚂蚁、飞书高管玉伯点评无招下课:普天同庆,讨厌有情有义\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-13 20:53 北京时间 <a href=https://tech.ifeng.com/c/8tvkr10zusw><strong>鞭牛士Bianews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>6月13日消息,阿里前资深技术专家(P10)、蚂蚁集团体验技术部负责人、飞书副总裁玉伯昨天在X上点评了钉钉前CEO无招因7.5万字小作文火线下课事件。玉伯完全没有顾及曾为阿里同僚的面子,直接说了几句大白话。比如,玉伯表示,一直很讨厌无招,也很讨厌阿里不少高管嘴里的有情有义。玉伯称,特别讨厌无招带队下的钉钉管理方式。“这次无招下课,普天同庆。”与此同时,玉伯还谈到了商业组织里的“有情有义”和“...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tvkr10zusw\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06688":"蚂蚁集团","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4579":"人工智能","BK4614":"Manus概念股","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","09988":"阿里巴巴-W","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","BABA":"阿里巴巴","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","BK4581":"高盛持仓","BK4543":"AI","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","BK4535":"淡马锡持仓","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" 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ACC"},"source_url":"https://tech.ifeng.com/c/8tvkr10zusw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2643248713","content_text":"6月13日消息,阿里前资深技术专家(P10)、蚂蚁集团体验技术部负责人、飞书副总裁玉伯昨天在X上点评了钉钉前CEO无招因7.5万字小作文火线下课事件。玉伯完全没有顾及曾为阿里同僚的面子,直接说了几句大白话。比如,玉伯表示,一直很讨厌无招,也很讨厌阿里不少高管嘴里的有情有义。玉伯称,特别讨厌无招带队下的钉钉管理方式。“这次无招下课,普天同庆。”与此同时,玉伯还谈到了商业组织里的“有情有义”和“无情无义”。玉伯认为,情义容易滋生关系、奇葩和组织僵化等弊端,而商业组织里的无情无义往往是好事。“这点特别佩服字节。虽然字节让人有很强的齿轮感、螺丝感,但因为无情无义没那么多,更多是看数据、看逻辑,反而很多地方是晴天,不会滋生乱七八糟的东西。”这不是玉伯第一次点评无招事件,五天前,玉伯就对此发表了评价。玉伯表示自己看完了《置身钉内》,称赞作者文笔很好,文章看起来也很爽。他认为,钉钉还是那个熟悉的钉钉,无招也还是那个无招的无招。“曾经的成功者,最难忘记的就是曾让自己成功的手感。文中的无招,明显没有走出自己的影子。但这也是创业者最开心得想哈哈大笑的事情:发现无论无招还是一鸣还是小龙,都在重复曾:经成功的自己。让他们继续重复下去,这正是所有创业者的曙光。”玉伯甚至还吐槽了创业者的一个时间浪费。在他看来,创业者最大的一个时间浪费,就是去找其他创业者取经。“每个人的经书都是不一样的。要去取,往往也不在其他创业者的经验里。而在,用户的吐槽里。”公开信息显示,玉伯,真名王保平,阿里巴巴集团前资深技术专家,被誉为阿里前端第一人,曾任蚂蚁集团体验技术部负责人,也是知名知识库工具语雀的创始人。他于2008年加入阿里,2023年离职,加入字节跳动飞书,任飞书开放平台负责人。2024年4月从飞书离职独立创业,打造AI创作工具YouMind,首轮融资近千万美元,转向AI生产力工具赛道。","news_type":1,"symbols_score_info":{"BABA":1.63,"ALBmain":0.6,"BBYY":0.6,"BABU":0.6,"BABX":0.6,"06688":1.61,"KBAB":0.6,"BABO":0.6,"09988":1.63,"BABW":0.6}},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566278584870984,"gmtCreate":1779285999816,"gmtModify":1779286002678,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"没用,大概早晚一场空!!如果判断正确,如此大的利益,超级组织一定会介入,甚至通过A4纸拿走超大份额!","listText":"没用,大概早晚一场空!!如果判断正确,如此大的利益,超级组织一定会介入,甚至通过A4纸拿走超大份额!","text":"没用,大概早晚一场空!!如果判断正确,如此大的利益,超级组织一定会介入,甚至通过A4纸拿走超大份额!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/566278584870984","repostId":"1150317947","repostType":2,"repost":{"id":"1150317947","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1779281906,"share":"https://www.laohu8.com/m/news/1150317947?lang=zh_CN&edition=full","pubTime":"2026-05-20 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class=\"title\">\n蔡崇信吴泳铭致股东信:努力将AI+云打造成阿里巴巴又一个增长动力\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-05-20 20:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>5月20日,<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>集团主席蔡崇信和首席执行官吴泳铭联合发布致股东信。信中称,<a href=\"https://laohu8.com/S/09988\">阿里</a>AI业务已跨越初期投入阶段,正式迈入商业化回报周期。“依托人才、技术和资源积累,我们对把握时代机遇充满信心,努力将AI+云打造成阿里巴巴的又一个增长动力。为了实现这一愿景,我们正在加大对全栈AI能力的投资力度:我们将持续加大AI基础设施建设和自研芯片的投入;在模型和应用层面,我们将投资打造更强大的基础模型能力,吸引更多应用接入,同时打造更强大的MaaS产品,来更高效地实现模型与应用的连接。”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0eb82d5db8c2d56d69c3e4cbecfabbdc\" alt=\"\" title=\"\" tg-width=\"894\" tg-height=\"1394\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/05ddeb1f7be03fe06014ae549a8abe22","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150317947","content_text":"5月20日,阿里巴巴集团主席蔡崇信和首席执行官吴泳铭联合发布致股东信。信中称,阿里AI业务已跨越初期投入阶段,正式迈入商业化回报周期。“依托人才、技术和资源积累,我们对把握时代机遇充满信心,努力将AI+云打造成阿里巴巴的又一个增长动力。为了实现这一愿景,我们正在加大对全栈AI能力的投资力度:我们将持续加大AI基础设施建设和自研芯片的投入;在模型和应用层面,我们将投资打造更强大的基础模型能力,吸引更多应用接入,同时打造更强大的MaaS产品,来更高效地实现模型与应用的连接。”","news_type":1,"symbols_score_info":{"09988":2,"BABA":2}},"isVote":1,"tweetType":1,"viewCount":1155,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4182346424956632","authorId":"4182346424956632","name":"天赐美金我照单全收","avatar":"https://static.tigerbbs.com/f02f168ddba4569baf461701fa8e5fe3","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"4182346424956632","idStr":"4182346424956632"},"content":"哈哈哈,看透也改不了","text":"哈哈哈,看透也改不了","html":"哈哈哈,看透也改不了"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":554623498663368,"gmtCreate":1776440702005,"gmtModify":1776440704393,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"幽灵外卖门店是如何获得营业执照的??","listText":"幽灵外卖门店是如何获得营业执照的??","text":"幽灵外卖门店是如何获得营业执照的??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/554623498663368","repostId":"1167699493","repostType":2,"repost":{"id":"1167699493","kind":"news","pubTimestamp":1776412896,"share":"https://www.laohu8.com/m/news/1167699493?lang=zh_CN&edition=full","pubTime":"2026-04-17 16:01","market":"hk","language":"zh","title":"共处罚没款35.97亿元!7家电商平台涉“幽灵外卖”系列案被处罚","url":"https://stock-news.laohu8.com/highlight/detail?id=1167699493","media":"市场监管总局","summary":"同时,依据《中华人民共和国食品安全法实施条例》第七十五条的规定,对7家平台企业法定代表人和食品安全总监合计处以罚款1968.74万元。上述行为严重违反《中华人民共和国食品安全法》《中华人民共和国电子商务法》《中华人民共和国食品安全法实施条例》有关规定。案件启动调查后,市场监管总局第一时间责成电商平台立行立改,7家电商平台均已下架未经审核的有关“幽灵店铺”,停止与相关转单平台的餐饮转单合作。","content":"<html><head></head><body><p>4月17日,市场监管总局4月17日依法对上海寻梦信息技术有限公司(拼多多)、北京三快科技有限公司(美团)、北京京东叁佰陆拾度电子商务有限公司(京东)、上海拉扎斯信息科技有限公司(原饿了么,现淘宝闪购)、北京抖音科技有限公司(抖音)、浙江淘宝网络有限公司(淘宝)、浙江天猫网络有限公司(天猫)等7家电商平台“幽灵外卖”系列案,依据《中华人民共和国食品安全法》第一百三十一条、《中华人民共和国电子商务法》第八十三条的规定作出行政处罚决定,责令7家电商平台改正违法行为,暂停新增蛋糕店铺3至9个月不等,并处以罚没款共计35.97亿元。同时,依据《中华人民共和国食品安全法实施条例》第七十五条的规定,对7家平台企业法定代表人和食品安全总监合计处以罚款1968.74万元。</p><p>经查,上述7家电商平台对入网食品经营者许可证审核把关不严,未依法履行资质审查义务;与转单平台签订合作协议,明知或应知转单行为侵害消费者合法权益,但未采取必要措施;7家电商平台法定代表人和食品安全总监,负有食品安全管理责任,但未全面履行有关岗位职责。上述行为严重违反《中华人民共和国食品安全法》《中华人民共和国电子商务法》《中华人民共和国食品安全法实施条例》有关规定。</p><p>案件启动调查后,市场监管总局第一时间责成电商平台立行立改,7家电商平台均已下架未经审核的有关“幽灵店铺”,停止与相关转单平台的餐饮转单合作。</p></body></html>","source":"lsy1600741531114","collect":0,"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>共处罚没款35.97亿元!7家电商平台涉“幽灵外卖”系列案被处罚</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共处罚没款35.97亿元!7家电商平台涉“幽灵外卖”系列案被处罚\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-17 16:01 北京时间 <a href=https://www.samr.gov.cn/xw/zj/art/2026/art_9714ee2bef9244819134ef4ffdd14017.html><strong>市场监管总局</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>4月17日,市场监管总局4月17日依法对上海寻梦信息技术有限公司(拼多多)、北京三快科技有限公司(美团)、北京京东叁佰陆拾度电子商务有限公司(京东)、上海拉扎斯信息科技有限公司(原饿了么,现淘宝闪购)、北京抖音科技有限公司(抖音)、浙江淘宝网络有限公司(淘宝)、浙江天猫网络有限公司(天猫)等7家电商平台“幽灵外卖”系列案,依据《中华人民共和国食品安全法》第一百三十一条、《中华人民共和国电子商务法》...</p>\n\n<a href=\"https://www.samr.gov.cn/xw/zj/art/2026/art_9714ee2bef9244819134ef4ffdd14017.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9149ee38be553ca11bd01b0a72f4964e","relate_stocks":{"09988":"阿里巴巴-W","PDD":"拼多多","09618":"京东集团-SW","03690":"美团-W","BABA":"阿里巴巴","JD":"京东"},"source_url":"https://www.samr.gov.cn/xw/zj/art/2026/art_9714ee2bef9244819134ef4ffdd14017.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167699493","content_text":"4月17日,市场监管总局4月17日依法对上海寻梦信息技术有限公司(拼多多)、北京三快科技有限公司(美团)、北京京东叁佰陆拾度电子商务有限公司(京东)、上海拉扎斯信息科技有限公司(原饿了么,现淘宝闪购)、北京抖音科技有限公司(抖音)、浙江淘宝网络有限公司(淘宝)、浙江天猫网络有限公司(天猫)等7家电商平台“幽灵外卖”系列案,依据《中华人民共和国食品安全法》第一百三十一条、《中华人民共和国电子商务法》第八十三条的规定作出行政处罚决定,责令7家电商平台改正违法行为,暂停新增蛋糕店铺3至9个月不等,并处以罚没款共计35.97亿元。同时,依据《中华人民共和国食品安全法实施条例》第七十五条的规定,对7家平台企业法定代表人和食品安全总监合计处以罚款1968.74万元。经查,上述7家电商平台对入网食品经营者许可证审核把关不严,未依法履行资质审查义务;与转单平台签订合作协议,明知或应知转单行为侵害消费者合法权益,但未采取必要措施;7家电商平台法定代表人和食品安全总监,负有食品安全管理责任,但未全面履行有关岗位职责。上述行为严重违反《中华人民共和国食品安全法》《中华人民共和国电子商务法》《中华人民共和国食品安全法实施条例》有关规定。案件启动调查后,市场监管总局第一时间责成电商平台立行立改,7家电商平台均已下架未经审核的有关“幽灵店铺”,停止与相关转单平台的餐饮转单合作。","news_type":1,"symbols_score_info":{"JD":2,"BABA":2,"09988":2,"09618":2,"PDD":2,"03690":2}},"isVote":1,"tweetType":1,"viewCount":1230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":548871157458064,"gmtCreate":1775025233096,"gmtModify":1775025235596,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"国内企业应该学习,人家联合起来整合资源做透1-2个通用型基础模型。","listText":"国内企业应该学习,人家联合起来整合资源做透1-2个通用型基础模型。","text":"国内企业应该学习,人家联合起来整合资源做透1-2个通用型基础模型。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/548871157458064","repostId":"2624156364","repostType":2,"repost":{"id":"2624156364","kind":"news","pubTimestamp":1775009152,"share":"https://www.laohu8.com/m/news/2624156364?lang=zh_CN&edition=full","pubTime":"2026-04-01 10:05","market":"sh","language":"zh","title":"8417亿!史上最大融资诞生","url":"https://stock-news.laohu8.com/highlight/detail?id=2624156364","media":"智东西","summary":"编译 | 李水青编辑 | 心缘智东西4月1日消息,今早,OpenAI宣布完成了最新一轮融资,募集资金达1220亿美元,投后估值达8520亿美元,成为全球有史以来规模最大的单笔私募股权融资。到2024年底,其季度营收达到了10亿美元。此外,OpenAI已将现有循环信贷额度扩大至约47亿美元。高达8520亿美元的估值,将行业准入门槛拉升至前所未有的高度。","content":"<html><body><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p><strong>编译 | 李水青</strong></p><p><strong>编辑 | 心缘</strong></p><p>智东西4月1日消息,今早,<strong>OpenAI</strong>宣布完成了最新一轮融资,募集资金达<strong>1220亿美元</strong>(约合人民币8416.78亿元),投后估值达<strong>8520亿美元</strong>(约合人民币58779.48亿元),成为<strong>全球有史以来规模最大的单笔私募股权融资。</strong></p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>OpenAI宣布获得新融资(图源:社交媒体X)</p><p>OpenAI最新估值已比肩“<a href=\"https://laohu8.com/S/00700\">腾讯</a>+<a href=\"https://laohu8.com/S/BABA\">阿里</a>”的总市值。截至昨日收盘,<a href=\"https://laohu8.com/S/09988\">阿里</a>港股市值为2.27万亿港元,腾讯港股市值为4.42万亿港元,合计为6.69万港元(约合人民币5.88万亿元)。</p><p>今早宣布的融资由<strong><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和软银</strong>作为重量级投资方,长期合作伙伴<strong><a href=\"https://laohu8.com/S/MSFT\">微软</a></strong>也继续参与其中。软银与a16z、D. E. Shaw Ventures、MGX、TPG以及T. Rowe Price Associates旗下机构<strong>共同领投</strong>本轮融资。</p><p>自2015年成立以来,OpenAI已累计完成约<strong>12轮融资</strong>,融资总额约1680亿美元(约合人民币11590.32亿元)。上月,OpenAI初始宣布获得1100亿美元融资,其中<strong>亚</strong><strong>马逊投500亿美元、英伟达投300亿美元、软银投300亿美元</strong>,在今日追加至约1220亿美元。</p><p>根据OpenAI官方数据,ChatGPT在2023年1月底发布两个月时月活久突破<strong>1亿</strong>,当下周活已经即将突破<strong>10亿</strong>。ChatGPT发布一年内,其营收就达到了10亿美元(约合人民币68.99亿元)。到2024年底,其季度营收达到了<strong>10亿美元</strong>。</p><p>此前3月初,据外媒The Information援引知情人士消息,截至2月底,OpenAI的年化收入已突破<strong>250亿美元</strong>(约合人民币1724亿元),这一数字较该公司去年底的214亿美元年化收入增长了17%。</p><p>据The Information报道,OpenAI最近提高了未来五年的收入预测,计划到2030年实现高达<strong>2840亿美元(约合人民币1.96万亿元)</strong>的收入。</p><p>外媒预测,未来几年由于需要投入更多资金租用云服务器和芯片以开发技术,OpenAI将消耗<a href=\"https://laohu8.com/S/SBAY\">数百亿</a>美元,营收的激增可能会推动它们<strong>最早在今年进行IPO</strong>。</p><p>本次融资代表了OpenAI的商业规模进一步膨胀,也将为其打造AI超级应用的计划提供充足的“弹药”。</p><p><strong>一、月营收已达20亿美元,年化收入突破250亿美元</strong></p><p>OpenAI官方公告称,其月营收已达20亿美元(约合人民币137.98亿元)。在这个阶段,其营收增长速度是<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>、<a href=\"https://laohu8.com/S/META\">Meta</a>等互联网巨头的四倍。</p><p>ChatGPT贡献了OpenAI的大部分收入,但该公司预计,未来越来越多的收入将来自企业客户以及广告等新产品。</p><p>此前,据外媒The Information援引知情人士消息,OpenAI通过将过去四周的收入乘以12来计算年化收入,2026年年化收入已突破250亿美元(约合人民币1724亿元)。如果OpenAI仅根据最后一周的收入峰值来计算该指标,那么OpenAI的年化收入约为300亿美元(约合人民币2068亿元)。</p><p>OpenAI的收入仍高于对手Anthropic,但两者差距正在缩小:Anthropic的年化收入最近突破了190亿美元(约合人民币1310亿元)。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>OpenAI与Anthropic业绩走势(图源:The Information)</p><p>据The Information报道,OpenAI最近提高了未来五年的收入预测——计划到2030年实现高达2840亿美元(约合人民币1.96万亿元)的收入,但同时也提高了现金消耗的预测,预计到本十年末,其服务器相关成本将达到6650亿美元(约合人民币4.59万亿元)。</p><p><strong>二、ChatGPT用户逼近10亿、Codex周活增长5倍,将布局AI超级应用</strong></p><p>再来看看OpenAI的业务分布格局。</p><p>近期,OpenAI刚刚推出了其迄今为止性能最强的GPT-5.4模型,并将Codex扩展为旗舰级编码Agent,在记忆、搜索、个性化和多模态交互方面显著提升。</p><p>根据OpenAI官方公告,在应用产品侧其取得的一些里程碑如下:ChatGPT在消费者AI领域拥有超过9亿周活跃用户和超过5000万订阅用户。ChatGPT的月度网页访问量和移动会话量是排名第二的AI应用的6倍,用户在AI上花费的总时长是排名第二的AI应用的4倍,更是所有其他AI应用总和的4倍。搜索使用量在一年内增长了近3倍,其广告试点项目在不到六周的时间内就实现了超过1亿美元的年度经常性收入(ARR)。</p><p>就在上周,OpenAI宣布关停AI视频生成工具Sora,这个红极一时的现象级产品被高层认定为“支线任务”,该公司要将资源集中在更具商业价值的方向上。</p><p>据悉,OpenAI正聚焦构建AI超级应用,将整合ChatGPT、Codex、浏览功能以及其更广泛的智能体功能,打造以Agent为先的用户体验。</p><p>再看看企业业务,该业务目前已占OpenAI总收入的40%以上,并有望在2026年底前与消费者业务持平。GPT-5.4推动下,其API目前每分钟可处理超过150亿个词元(token)。Codex的周活跃用户已超过200万,在过去三个月中增长了5倍,月环比增长率超过70%。</p><p>3月,OpenAI刚刚在Anthropic与美国五角大楼合作破裂后,与后者签下了合作大单。</p><p>计算方面,其已将基础设施战略扩展到英伟达等少数核心供应商之外,通过微软、<a href=\"https://laohu8.com/S/ORCL\">甲骨文</a>、AWS、<a href=\"https://laohu8.com/S/CRWV\">CoreWeave</a>和<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>云提供的云服务;通过英伟达、<a href=\"https://laohu8.com/S/AMD\">AMD</a>、AWS Trainium、Cerebras以及其与<a href=\"https://laohu8.com/S/AVGO\">博通</a>合作开发的芯片提供的硅芯片;以及通过与甲骨文、SBE 和软银合作提供的数据中心服务。</p><p><strong>三、英伟达参与领投,OpenAI还加入多个ETF</strong></p><p>本轮融资由<strong>亚马逊、英伟达和软银</strong>作为重量级投资方,长期合作伙伴<strong>微软</strong>也继续参与其中。软银与a16z、D. E. Shaw Ventures、MGX、TPG以及T. Rowe Price Associates旗下机构共同领投本轮融资。</p><p>众多全球顶级投资机构也纷纷参与本轮投资,其中包括:Altimeter、阿帕卢萨资本、方舟投资、<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>、<a href=\"https://laohu8.com/S/BX\">黑石</a>集团、Coatue、D1 Capital Partners、Dragoneer、富达投资、Goanna Capital、Insight Partners、The Paragon Group、Sands Capital、红杉资本、Sound Ventures、淡马锡、Thrive Capital、加州大学投资办公室,以及温斯洛资本旗下关联基金。</p><p>OpenAI首次通过银行渠道向投资者开放了参与渠道,从个人投资者那里募集了超过30亿美元的资金。该公司还宣布其将被纳入ARK Invest管理的多个交易所交易基金(ETF),让更多人有机会参与投资。</p><p>此外,OpenAI已将现有循环信贷额度扩大至约47亿美元。该信贷额度由包括<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>、花旗集团、<a href=\"https://laohu8.com/S/GS\">高盛</a>、<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>、<a href=\"https://laohu8.com/S/WFC\">富国银行</a>、瑞穗银行、加拿大皇家银行、三井住友银行、瑞银集团、汇丰银行和<a href=\"https://laohu8.com/S/SAN\">桑坦德银行</a>在内的全球银团提供支持。截至交易完成时,该信贷额度尚未动用。</p><p><strong>结语:AI竞赛正加速进入商业化规模化阶段</strong></p><p>AI竞赛正加速进入商业化规模化阶段。亚马逊、英伟达等产业巨头的重注入场,为OpenAI提供了雄厚的算力与云资源支撑,更凸显了顶级科技公司在AI基础设施领域的深度捆绑与战略押注。</p><p>高达8520亿美元的估值,将行业准入门槛拉升至前所未有的高度。与此同时,千亿级融资与对营收的激进预测,也揭示了AI产业当前的核心矛盾:巨额资本投入与商业化变现之间的竞速。</p><p>OpenAI将资源集中于AI超级应用,表明行业正从多点开花走向收敛,追求能产生持续现金流的核心产品。未来几年,能否在消耗数百亿美元的同时,如期兑现收入目标,将成为衡量这一轮AI狂热能否持续的关键标尺。</p></body></html>","source":"ifeng_tech","collect":0,"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>8417亿!史上最大融资诞生</title>\n<style 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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\">\n8417亿!史上最大融资诞生\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-01 10:05 北京时间 <a href=https://tech.ifeng.com/c/8rxs1bY5zYa><strong>智东西</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>编译 | 李水青编辑 | 心缘智东西4月1日消息,今早,OpenAI宣布完成了最新一轮融资,募集资金达1220亿美元(约合人民币8416.78亿元),投后估值达8520亿美元(约合人民币58779.48亿元),成为全球有史以来规模最大的单笔私募股权融资。OpenAI宣布获得新融资(图源:社交媒体X)OpenAI最新估值已比肩“腾讯+阿里”的总市值。截至昨日收盘,阿里港股市值为2.27万亿港元,腾讯...</p>\n\n<a href=\"https://tech.ifeng.com/c/8rxs1bY5zYa\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0080751232.USD":"富达环球多元动力基金A","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) 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E. Shaw Ventures、MGX、TPG以及T. Rowe Price Associates旗下机构共同领投本轮融资。自2015年成立以来,OpenAI已累计完成约12轮融资,融资总额约1680亿美元(约合人民币11590.32亿元)。上月,OpenAI初始宣布获得1100亿美元融资,其中亚马逊投500亿美元、英伟达投300亿美元、软银投300亿美元,在今日追加至约1220亿美元。根据OpenAI官方数据,ChatGPT在2023年1月底发布两个月时月活久突破1亿,当下周活已经即将突破10亿。ChatGPT发布一年内,其营收就达到了10亿美元(约合人民币68.99亿元)。到2024年底,其季度营收达到了10亿美元。此前3月初,据外媒The Information援引知情人士消息,截至2月底,OpenAI的年化收入已突破250亿美元(约合人民币1724亿元),这一数字较该公司去年底的214亿美元年化收入增长了17%。据The Information报道,OpenAI最近提高了未来五年的收入预测,计划到2030年实现高达2840亿美元(约合人民币1.96万亿元)的收入。外媒预测,未来几年由于需要投入更多资金租用云服务器和芯片以开发技术,OpenAI将消耗数百亿美元,营收的激增可能会推动它们最早在今年进行IPO。本次融资代表了OpenAI的商业规模进一步膨胀,也将为其打造AI超级应用的计划提供充足的“弹药”。一、月营收已达20亿美元,年化收入突破250亿美元OpenAI官方公告称,其月营收已达20亿美元(约合人民币137.98亿元)。在这个阶段,其营收增长速度是谷歌、Meta等互联网巨头的四倍。ChatGPT贡献了OpenAI的大部分收入,但该公司预计,未来越来越多的收入将来自企业客户以及广告等新产品。此前,据外媒The Information援引知情人士消息,OpenAI通过将过去四周的收入乘以12来计算年化收入,2026年年化收入已突破250亿美元(约合人民币1724亿元)。如果OpenAI仅根据最后一周的收入峰值来计算该指标,那么OpenAI的年化收入约为300亿美元(约合人民币2068亿元)。OpenAI的收入仍高于对手Anthropic,但两者差距正在缩小:Anthropic的年化收入最近突破了190亿美元(约合人民币1310亿元)。OpenAI与Anthropic业绩走势(图源:The Information)据The Information报道,OpenAI最近提高了未来五年的收入预测——计划到2030年实现高达2840亿美元(约合人民币1.96万亿元)的收入,但同时也提高了现金消耗的预测,预计到本十年末,其服务器相关成本将达到6650亿美元(约合人民币4.59万亿元)。二、ChatGPT用户逼近10亿、Codex周活增长5倍,将布局AI超级应用再来看看OpenAI的业务分布格局。近期,OpenAI刚刚推出了其迄今为止性能最强的GPT-5.4模型,并将Codex扩展为旗舰级编码Agent,在记忆、搜索、个性化和多模态交互方面显著提升。根据OpenAI官方公告,在应用产品侧其取得的一些里程碑如下:ChatGPT在消费者AI领域拥有超过9亿周活跃用户和超过5000万订阅用户。ChatGPT的月度网页访问量和移动会话量是排名第二的AI应用的6倍,用户在AI上花费的总时长是排名第二的AI应用的4倍,更是所有其他AI应用总和的4倍。搜索使用量在一年内增长了近3倍,其广告试点项目在不到六周的时间内就实现了超过1亿美元的年度经常性收入(ARR)。就在上周,OpenAI宣布关停AI视频生成工具Sora,这个红极一时的现象级产品被高层认定为“支线任务”,该公司要将资源集中在更具商业价值的方向上。据悉,OpenAI正聚焦构建AI超级应用,将整合ChatGPT、Codex、浏览功能以及其更广泛的智能体功能,打造以Agent为先的用户体验。再看看企业业务,该业务目前已占OpenAI总收入的40%以上,并有望在2026年底前与消费者业务持平。GPT-5.4推动下,其API目前每分钟可处理超过150亿个词元(token)。Codex的周活跃用户已超过200万,在过去三个月中增长了5倍,月环比增长率超过70%。3月,OpenAI刚刚在Anthropic与美国五角大楼合作破裂后,与后者签下了合作大单。计算方面,其已将基础设施战略扩展到英伟达等少数核心供应商之外,通过微软、甲骨文、AWS、CoreWeave和谷歌云提供的云服务;通过英伟达、AMD、AWS Trainium、Cerebras以及其与博通合作开发的芯片提供的硅芯片;以及通过与甲骨文、SBE 和软银合作提供的数据中心服务。三、英伟达参与领投,OpenAI还加入多个ETF本轮融资由亚马逊、英伟达和软银作为重量级投资方,长期合作伙伴微软也继续参与其中。软银与a16z、D. E. Shaw Ventures、MGX、TPG以及T. Rowe Price Associates旗下机构共同领投本轮融资。众多全球顶级投资机构也纷纷参与本轮投资,其中包括:Altimeter、阿帕卢萨资本、方舟投资、贝莱德、黑石集团、Coatue、D1 Capital Partners、Dragoneer、富达投资、Goanna Capital、Insight Partners、The Paragon Group、Sands Capital、红杉资本、Sound Ventures、淡马锡、Thrive Capital、加州大学投资办公室,以及温斯洛资本旗下关联基金。OpenAI首次通过银行渠道向投资者开放了参与渠道,从个人投资者那里募集了超过30亿美元的资金。该公司还宣布其将被纳入ARK Invest管理的多个交易所交易基金(ETF),让更多人有机会参与投资。此外,OpenAI已将现有循环信贷额度扩大至约47亿美元。该信贷额度由包括摩根大通、花旗集团、高盛、摩根士丹利、富国银行、瑞穗银行、加拿大皇家银行、三井住友银行、瑞银集团、汇丰银行和桑坦德银行在内的全球银团提供支持。截至交易完成时,该信贷额度尚未动用。结语:AI竞赛正加速进入商业化规模化阶段AI竞赛正加速进入商业化规模化阶段。亚马逊、英伟达等产业巨头的重注入场,为OpenAI提供了雄厚的算力与云资源支撑,更凸显了顶级科技公司在AI基础设施领域的深度捆绑与战略押注。高达8520亿美元的估值,将行业准入门槛拉升至前所未有的高度。与此同时,千亿级融资与对营收的激进预测,也揭示了AI产业当前的核心矛盾:巨额资本投入与商业化变现之间的竞速。OpenAI将资源集中于AI超级应用,表明行业正从多点开花走向收敛,追求能产生持续现金流的核心产品。未来几年,能否在消耗数百亿美元的同时,如期兑现收入目标,将成为衡量这一轮AI狂热能否持续的关键标尺。","news_type":1,"symbols_score_info":{"AMZU":0.6,"NVII":0.6,"MSFT":1.86,"CHAT":1.84,"NVDG":0.6,"AMZD":0.6,"AMZY":0.6,"AIYY":0.6,"USAW.SI":0.6,"AMZP":0.6,"DIPS":0.6,"NVDS.UK":0.6,"NVD2.UK":0.6,"NVIW.SI":0.6,"NVDL":0.6,"ANV":0.6,"SNVD.UK":0.6,"TCEHY":1.84,"AZYY":0.6,"NVDS":0.6,"NVDU":0.6,"AMZN":1.9,"AMZZ":0.6,"NVD3.UK":0.6,"NVD":0.6,"NVDQ":0.6,"BABA":1.84,"AMZW":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"NVDY":0.6,"NVDX":0.6,"NVDD":0.6,"ORCL":1.85,"09988":1.84,"NVDA":1.92,"NVDW":0.6,"00700":1.84,"NVDB":0.6}},"isVote":1,"tweetType":1,"viewCount":1274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":536104068863408,"gmtCreate":1771903867426,"gmtModify":1771903869734,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"肤浅!说的都是表象,最根本的一点没说。","listText":"肤浅!说的都是表象,最根本的一点没说。","text":"肤浅!说的都是表象,最根本的一点没说。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536104068863408","repostId":"2613226450","repostType":2,"isVote":1,"tweetType":1,"viewCount":1367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":534246528845432,"gmtCreate":1771450367988,"gmtModify":1771450370589,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"大家更担心土壤问题","listText":"大家更担心土壤问题","text":"大家更担心土壤问题","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/534246528845432","repostId":"2612442868","repostType":2,"isVote":1,"tweetType":1,"viewCount":1535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":532670466139576,"gmtCreate":1771067392952,"gmtModify":1771076245572,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"一举两得,花一份钱干两件事,利用生态优势抢占AI入口。","listText":"一举两得,花一份钱干两件事,利用生态优势抢占AI入口。","text":"一举两得,花一份钱干两件事,利用生态优势抢占AI入口。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/532670466139576","repostId":"2611119156","repostType":2,"repost":{"id":"2611119156","kind":"news","pubTimestamp":1771059733,"share":"https://www.laohu8.com/m/news/2611119156?lang=zh_CN&edition=full","pubTime":"2026-02-14 17:02","market":"us","language":"zh","title":"前有大模型吞金,后有美团压制:阿里的2026没有“双线作战”","url":"https://stock-news.laohu8.com/highlight/detail?id=2611119156","media":"科技Nice","summary":"报道指出,阿里核心管理层在2026年初的内部会议上,明确鼓励团队要大胆做淘宝闪购,定下了“三年内没有亏损负担”的基调,并将即时零售视为2026年的重中之重,甚至将“建仓”列为第一优先级。“建仓”只是表象,商品结构与供给才是即时零售的灵魂在阿里关于即时零售的规划中,2026年的第一优先级被定为“建仓”。财报数据显示,阿里在2025年的利润不足2000亿,现金及等价物约为1400亿。","content":"<html><body><article><img src=\"https://inews.gtimg.com/om_bt/OriG8ULSRUNwT7mIitq0sedCutzRPDo6LZ7rnKhygEJr0AA/0\"/><p><strong>作者 / 丛杰</strong></p><p><strong>出品 / 科技Nice(Tech-Nice)</strong></p><p>近期,《晚点 LatePost》的一则独家报道将<a href=\"https://laohu8.com/S/BABA\">阿里</a>本地生活的战略再次推向台前。</p><p>报道指出,<a href=\"https://laohu8.com/S/09988\">阿里</a>核心管理层在2026年初的内部会议上,明确鼓励团队要大胆做淘宝闪购,定下了“三年内没有亏损负担”的基调,并将即时零售视为2026年的重中之重,甚至将“建仓”列为第一优先级。</p><p>战略的口号总是宏大且充满野心,但如果穿透这些顶层设计的迷雾,回归到商业的底层逻辑与真实的数据基本面中,我们不难发现,淘宝闪购在2026年的真实走向,或许与内部会议所传达的“主旋律”存在着巨大的偏差。</p><p>无论是从单量大盘的定力、零售业态的本质,还是集团资金的博弈来看,这场本地生活的战役远比简单的“大投入”要复杂得多。</p><img src=\"https://inews.gtimg.com/om_bt/ODeo9EEq7FFR6nylsc-FgsmKCc8NqlK1o6NVQhOFYM_d8AA/0\"/><p>即时零售是远方,餐饮外卖才是当下的绝对底色</p><p>阿里管理层试图将淘宝闪购的破局点押注在即时零售上,甚至定下了年销售额百亿以上细分品类(如医药、酒饮、生鲜)的突围方向。然而,从单量结构这一最核心的商业指标来看,淘宝闪购在2026年的真正重心,绝对无法脱离餐饮外卖。</p><p>我们可以通过对比当前市场的两股核心力量来还原真相。据行业数据显示,目前<a href=\"https://laohu8.com/S/MPNGY\">美团</a>的日均单量分布中,餐饮外卖约为8000万单,即时零售约为2000万单;而淘宝闪购的餐饮外卖日均单量约为6000万单,即时零售则停留在1000万单的水平。</p><p>从存量市场来看,淘宝闪购的外卖订单量是即时零售的整整6倍。这是一个极其庞大的基本盘,意味着平台的运力网络、用户心智以及绝大部分的日常运营支出,都深度锚定在餐饮外卖上。</p><img src=\"https://inews.gtimg.com/om_bt/OPuIp7IFNNI-HKhanVsORXFVQ7G-qZjSpbPOS0fC55J7wAA/0\"/><p>哪怕我们将视线拉长,假设淘宝闪购在未来完全沿着<a href=\"https://laohu8.com/S/03690\">美团</a>的轨迹进化,实现即时零售订单的翻倍增长,同时外卖单量也攀升至8000万单的水平,其外卖单量依然会是即时零售的4倍。如果仅看增量市场,外卖的增量空间也至少是即时零售的两倍。</p><p>更现实的推演是,为了支撑“2026年即时零售绝对第一”的战略口号(假设目标为日均3000万单),淘宝闪购必须在维持外卖6000万单基本盘的同时进行激进扩张。在这种双线作战的格局下,用于补贴、运力调度和市场推广的亏损额度,必然会向体量更大的外卖业务倾斜,预估两者消耗的亏损比例将达到6:4。</p><p>因此,无论是防守基本盘还是计算烧钱的效率,餐饮外卖才是主导淘宝闪购资源走向的真正重心,即时零售更像是一个需要长期供养的“远方”。</p><p>“建仓”只是表象,商品结构与供给才是即时零售的灵魂</p><p>在阿里关于即时零售的规划中,2026年的第一优先级被定为“建仓”。这种将基础设施建设等同于业务核心的认知,实际上是对即时零售本质的一种误读。即时零售的第一优先级从来不是物理意义上的仓库,而是藏在仓库背后的商品结构与供给重塑。</p><p>回顾2022年之前的即时零售市场,行业的主力形态是传统的社会门店以及以每日优鲜为代表的早期前置仓。但为什么社会门店模式始终不温不火?核心痛点在于零售行业极低的毛利率与昂贵的即时配送成本之间存在不可调和的矛盾。</p><p>社会门店的线上定价公式通常是“线下价格+骑手成本”,这导致消费者在购买矿泉水、泡面等低客单价快消品时,感受到极强的溢价剥夺感。在这种模式下,平台和商家都无法自行消化新增的骑手成本,只能转嫁给消费者,从而遏制了需求的爆发。</p><img src=\"https://inews.gtimg.com/om_bt/OOGvMIHE-dUyYGQH3YF7tl4CWxy7vUvRJNRRSxnumj7AIAA/0\"/><p>闪电仓(包括综合仓与细分的垂直类仓)之所以能在今天战胜数十万社会门店成为绝对主力,凭借的正是对商品结构的颠覆性改造。成熟的闪电仓一上线就能将百货类目的占比<span>拉升</span>至40%以上,SKU突破3000个。</p><p>在定价策略上,快消品负责平价引流,甚至做到比线下更便宜,而真正承担利润和覆盖骑手成本的,是那些高<span>毛利</span>的百货和垂直类商品。前置仓的进化史同样印证了这一点:主打低毛利生鲜的每日优鲜在2022年轰然倒塌,而活下来的<a href=\"https://laohu8.com/S/DDL\">叮咚买菜</a>靠的是发力预制菜和高品质高毛利商品,朴朴超市与小象超市则是通过引入大仓模式、大幅增加快消与百货比例才得以跑通盈利模型。</p><p>这一切业态演进的底层逻辑,都是毛利率的不断攀升以覆盖履约成本。所以,当前即时零售分化出酒水仓、数码仓、医疗仓等细分垂类,并不是为了多建几个物理仓库,而是为了通过更精细的划分来提供更丰富的供给,优化盈利结构。</p><p>如果淘宝闪购仅仅将考核指标落在“建了多少仓”上,而忽略了如何重构能覆盖外卖骑手成本的高毛利商品供给线,那么这场轰轰烈烈的即时零售战役,极有可能会陷入低效烧钱的泥潭。</p><img src=\"https://inews.gtimg.com/om_bt/OuMOFPz8x5k0TfAc3JHTULy9t9r50GMiI8pEwWlGNGUwEAA/0\"/><p>大模型时代的生死竞速,容不下“一鱼两吃”的预算幻觉</p><p>战略的落地最终需要真金白银的支撑,而这正是阿里在2026年面临的最严峻挑战。外界普遍猜测阿里会继续对淘宝闪购进行无底线的资金倾斜,甚至幻想将AI(通义千问)的预算与本地生活、电商的营销预算合并,玩一出“一箭双雕”的戏码。</p><p>然而,在残酷的科技巨头军备竞赛面前,这种试图两头兼顾的策略不仅难以奏效,甚至会对阿里的未来造成致命威胁。</p><p>大模型的竞争已经进入了极其惨烈的深水区。据行业估算,字节跳动在2025年的AI投入已超千亿,2026年计划更是高达1600亿;<a href=\"https://laohu8.com/S/00700\">腾讯</a>和<a href=\"https://laohu8.com/S/BIDU\">百度</a>的投入也在以每年<a href=\"https://laohu8.com/S/SBAY\">数百亿</a>甚至千亿的规模持续加码;阿里自身在2025年的AI投入也已达到千亿级别。</p><p>在这样的行业格局下,AI业务需要的是最纯粹的算力投资、技术迭代以及真实核心用户的反馈。</p><img src=\"https://inews.gtimg.com/om_bt/O_5wo9EMETucGENvWlC6B7OfZHJlQk9vsm_AEjrPZ20BgAA/0\"/><p>此前通义千问尝试过的“请喝奶茶”跨界营销活动就是一个典型的反面教材。这类活动虽然能在短时间内将DAU从几百万暴力拉升至千万级别,但由于用户完全是被免费羊毛吸引而来,活动一旦停止,留存率便惨不忍睹。</p><p>更严重的是,当瞬间涌入的流量导致网络崩溃或兑换失败时,用户对大模型的认知会直接降级——连送一杯奶茶都做不好,如何胜任复杂的生产力工作?如果将宝贵的AI预算与淘宝闪购的补贴混为一谈,开展所谓“一鱼两吃”的联合营销,涌入的将全是薅羊毛的无效流量,这对大模型的真实能力测试、产品改进和高端用户心智培养毫无益处,只会用短期虚荣的数据掩盖长期的技术掉队危机。</p><p>最冰冷的现实在于阿里的财务底线。财报数据显示,阿里在2025年的利润不足2000亿,现金及等价物约为1400亿。如果2026年淘宝闪购的投入超过前一年的700亿,加上AI领域必须跟进的千亿级开支,阿里单在这两项业务上的年现金消耗就将超过2000亿甚至逼近2200亿。</p><p>面对字节、腾讯随时可能发动的资金战,阿里绝不敢将极其有限的弹药分散投入到一场看似宏大但缺乏协同效应的局部消耗战中。因此,2026年淘宝闪购的实际预算大概率会被严格控制在700亿以内。</p><p>在资金受限、双线作战的客观现实下,“三年内不担心亏损”或许只是一句用来稳定军心、震慑对手的市场公关辞令,而精打细算、守住外卖基本盘,才是淘宝闪购在2026年最真实的生存法则。</p><img src=\"https://inews.gtimg.com/om_bt/G4_zhwrppxkBQ6KUqLyBUrsWO6LYcJEFeNQLs7mBrODHIAA/0\"/><p>本文为“<strong>科技Nice</strong>”原创内容,未经授权,禁止转载</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" 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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前有大模型吞金,后有美团压制:阿里的2026没有“双线作战”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-14 17:02 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260214170726a4a3ed3f&s=b><strong>科技Nice</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者 / 丛杰出品 / 科技Nice(Tech-Nice)近期,《晚点 LatePost》的一则独家报道将阿里本地生活的战略再次推向台前。报道指出,阿里核心管理层在2026年初的内部会议上,明确鼓励团队要大胆做淘宝闪购,定下了“三年内没有亏损负担”的基调,并将即时零售视为2026年的重中之重,甚至将“建仓”列为第一优先级。战略的口号总是宏大且充满野心,但如果穿透这些顶层设计的迷雾,回归到商业的底层...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260214170726a4a3ed3f&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"83690":"美团-WR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","BK4535":"淡马锡持仓","LU0738911758.USD":"Blackrock Global Equity 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SGD-H"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260214170726a4a3ed3f&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2611119156","content_text":"作者 / 丛杰出品 / 科技Nice(Tech-Nice)近期,《晚点 LatePost》的一则独家报道将阿里本地生活的战略再次推向台前。报道指出,阿里核心管理层在2026年初的内部会议上,明确鼓励团队要大胆做淘宝闪购,定下了“三年内没有亏损负担”的基调,并将即时零售视为2026年的重中之重,甚至将“建仓”列为第一优先级。战略的口号总是宏大且充满野心,但如果穿透这些顶层设计的迷雾,回归到商业的底层逻辑与真实的数据基本面中,我们不难发现,淘宝闪购在2026年的真实走向,或许与内部会议所传达的“主旋律”存在着巨大的偏差。无论是从单量大盘的定力、零售业态的本质,还是集团资金的博弈来看,这场本地生活的战役远比简单的“大投入”要复杂得多。即时零售是远方,餐饮外卖才是当下的绝对底色阿里管理层试图将淘宝闪购的破局点押注在即时零售上,甚至定下了年销售额百亿以上细分品类(如医药、酒饮、生鲜)的突围方向。然而,从单量结构这一最核心的商业指标来看,淘宝闪购在2026年的真正重心,绝对无法脱离餐饮外卖。我们可以通过对比当前市场的两股核心力量来还原真相。据行业数据显示,目前美团的日均单量分布中,餐饮外卖约为8000万单,即时零售约为2000万单;而淘宝闪购的餐饮外卖日均单量约为6000万单,即时零售则停留在1000万单的水平。从存量市场来看,淘宝闪购的外卖订单量是即时零售的整整6倍。这是一个极其庞大的基本盘,意味着平台的运力网络、用户心智以及绝大部分的日常运营支出,都深度锚定在餐饮外卖上。哪怕我们将视线拉长,假设淘宝闪购在未来完全沿着美团的轨迹进化,实现即时零售订单的翻倍增长,同时外卖单量也攀升至8000万单的水平,其外卖单量依然会是即时零售的4倍。如果仅看增量市场,外卖的增量空间也至少是即时零售的两倍。更现实的推演是,为了支撑“2026年即时零售绝对第一”的战略口号(假设目标为日均3000万单),淘宝闪购必须在维持外卖6000万单基本盘的同时进行激进扩张。在这种双线作战的格局下,用于补贴、运力调度和市场推广的亏损额度,必然会向体量更大的外卖业务倾斜,预估两者消耗的亏损比例将达到6:4。因此,无论是防守基本盘还是计算烧钱的效率,餐饮外卖才是主导淘宝闪购资源走向的真正重心,即时零售更像是一个需要长期供养的“远方”。“建仓”只是表象,商品结构与供给才是即时零售的灵魂在阿里关于即时零售的规划中,2026年的第一优先级被定为“建仓”。这种将基础设施建设等同于业务核心的认知,实际上是对即时零售本质的一种误读。即时零售的第一优先级从来不是物理意义上的仓库,而是藏在仓库背后的商品结构与供给重塑。回顾2022年之前的即时零售市场,行业的主力形态是传统的社会门店以及以每日优鲜为代表的早期前置仓。但为什么社会门店模式始终不温不火?核心痛点在于零售行业极低的毛利率与昂贵的即时配送成本之间存在不可调和的矛盾。社会门店的线上定价公式通常是“线下价格+骑手成本”,这导致消费者在购买矿泉水、泡面等低客单价快消品时,感受到极强的溢价剥夺感。在这种模式下,平台和商家都无法自行消化新增的骑手成本,只能转嫁给消费者,从而遏制了需求的爆发。闪电仓(包括综合仓与细分的垂直类仓)之所以能在今天战胜数十万社会门店成为绝对主力,凭借的正是对商品结构的颠覆性改造。成熟的闪电仓一上线就能将百货类目的占比拉升至40%以上,SKU突破3000个。在定价策略上,快消品负责平价引流,甚至做到比线下更便宜,而真正承担利润和覆盖骑手成本的,是那些高毛利的百货和垂直类商品。前置仓的进化史同样印证了这一点:主打低毛利生鲜的每日优鲜在2022年轰然倒塌,而活下来的叮咚买菜靠的是发力预制菜和高品质高毛利商品,朴朴超市与小象超市则是通过引入大仓模式、大幅增加快消与百货比例才得以跑通盈利模型。这一切业态演进的底层逻辑,都是毛利率的不断攀升以覆盖履约成本。所以,当前即时零售分化出酒水仓、数码仓、医疗仓等细分垂类,并不是为了多建几个物理仓库,而是为了通过更精细的划分来提供更丰富的供给,优化盈利结构。如果淘宝闪购仅仅将考核指标落在“建了多少仓”上,而忽略了如何重构能覆盖外卖骑手成本的高毛利商品供给线,那么这场轰轰烈烈的即时零售战役,极有可能会陷入低效烧钱的泥潭。大模型时代的生死竞速,容不下“一鱼两吃”的预算幻觉战略的落地最终需要真金白银的支撑,而这正是阿里在2026年面临的最严峻挑战。外界普遍猜测阿里会继续对淘宝闪购进行无底线的资金倾斜,甚至幻想将AI(通义千问)的预算与本地生活、电商的营销预算合并,玩一出“一箭双雕”的戏码。然而,在残酷的科技巨头军备竞赛面前,这种试图两头兼顾的策略不仅难以奏效,甚至会对阿里的未来造成致命威胁。大模型的竞争已经进入了极其惨烈的深水区。据行业估算,字节跳动在2025年的AI投入已超千亿,2026年计划更是高达1600亿;腾讯和百度的投入也在以每年数百亿甚至千亿的规模持续加码;阿里自身在2025年的AI投入也已达到千亿级别。在这样的行业格局下,AI业务需要的是最纯粹的算力投资、技术迭代以及真实核心用户的反馈。此前通义千问尝试过的“请喝奶茶”跨界营销活动就是一个典型的反面教材。这类活动虽然能在短时间内将DAU从几百万暴力拉升至千万级别,但由于用户完全是被免费羊毛吸引而来,活动一旦停止,留存率便惨不忍睹。更严重的是,当瞬间涌入的流量导致网络崩溃或兑换失败时,用户对大模型的认知会直接降级——连送一杯奶茶都做不好,如何胜任复杂的生产力工作?如果将宝贵的AI预算与淘宝闪购的补贴混为一谈,开展所谓“一鱼两吃”的联合营销,涌入的将全是薅羊毛的无效流量,这对大模型的真实能力测试、产品改进和高端用户心智培养毫无益处,只会用短期虚荣的数据掩盖长期的技术掉队危机。最冰冷的现实在于阿里的财务底线。财报数据显示,阿里在2025年的利润不足2000亿,现金及等价物约为1400亿。如果2026年淘宝闪购的投入超过前一年的700亿,加上AI领域必须跟进的千亿级开支,阿里单在这两项业务上的年现金消耗就将超过2000亿甚至逼近2200亿。面对字节、腾讯随时可能发动的资金战,阿里绝不敢将极其有限的弹药分散投入到一场看似宏大但缺乏协同效应的局部消耗战中。因此,2026年淘宝闪购的实际预算大概率会被严格控制在700亿以内。在资金受限、双线作战的客观现实下,“三年内不担心亏损”或许只是一句用来稳定军心、震慑对手的市场公关辞令,而精打细算、守住外卖基本盘,才是淘宝闪购在2026年最真实的生存法则。本文为“科技Nice”原创内容,未经授权,禁止转载","news_type":1,"symbols_score_info":{"83690":0.9,"ALBmain":0.6,"03690":0.9,"09988":1.95,"BBYY":0.6,"BABX":0.6,"BABO":0.6,"BABW":0.6,"BABA":1.95,"KBAB":0.6}},"isVote":1,"tweetType":1,"viewCount":2106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":530062115296224,"gmtCreate":1770430671815,"gmtModify":1770430674819,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"别酸,中国民企的环境,决定他们做创新不仅更要急迫考量变现的出路,还要考量变现路径是否能够守住(包含黑白紫三个层面)否则就是一个死。","listText":"别酸,中国民企的环境,决定他们做创新不仅更要急迫考量变现的出路,还要考量变现路径是否能够守住(包含黑白紫三个层面)否则就是一个死。","text":"别酸,中国民企的环境,决定他们做创新不仅更要急迫考量变现的出路,还要考量变现路径是否能够守住(包含黑白紫三个层面)否则就是一个死。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/530062115296224","repostId":"2609461591","repostType":2,"repost":{"id":"2609461591","kind":"news","pubTimestamp":1770386361,"share":"https://www.laohu8.com/m/news/2609461591?lang=zh_CN&edition=full","pubTime":"2026-02-06 21:59","market":"us","language":"zh","title":"AI大战的双重剧本:美国在革新工具效率,中国在重塑生活范式","url":"https://stock-news.laohu8.com/highlight/detail?id=2609461591","media":"21世纪经济报道","summary":"据悉,此次的30亿元,在阿里历史上的春节活动中投入最大,可见其抢占AI入口的决心。根据交通运输部预测,2026年春运期间全国跨区域人员流动量将达到95亿人次。这也是各大互联网公司纷纷加码春节AI竞争的原因所在。花旗预计,在一系列新春推广活动后,中国AI助手应用采用将快速推进。中国的AI一方面在基础大模型与美国你追我赶,另一个方面也在引领着AI生活应用场景上的落地。","content":"<div>\n<p>“千问,帮我点一杯奶茶。”在腾讯的元宝红包挤满群聊和朋友圈后,阿里千问的30亿元免单计划也正式上线了,第一波福利就瞄准了奶茶这个“引流爆品”。2月6日一早,消费者向千问发送“帮我点一杯奶茶”后,就获得一张25元免单卡,可在蜜雪冰城、瑞幸咖啡、霸王茶姬等全国30多万家奶茶店使用。与往年互联网公司直接发放现金红包不同,千问这次将红包嵌入进一次完整的AI消费闭环中,策略更为巧妙。最新的消息是,截至下午4...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260206220503a484fe85&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260206220503a484fe85&s=b><strong>21世纪经济报道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“千问,帮我点一杯奶茶。”在腾讯的元宝红包挤满群聊和朋友圈后,阿里千问的30亿元免单计划也正式上线了,第一波福利就瞄准了奶茶这个“引流爆品”。2月6日一早,消费者向千问发送“帮我点一杯奶茶”后,就获得一张25元免单卡,可在蜜雪冰城、瑞幸咖啡、霸王茶姬等全国30多万家奶茶店使用。与往年互联网公司直接发放现金红包不同,千问这次将红包嵌入进一次完整的AI消费闭环中,策略更为巧妙。最新的消息是,截至下午4...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260206220503a484fe85&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","BK4526":"热门中概股","KBAB":"2倍做多BABA ETF-KraneShares","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 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Store免费榜第一,排序形成“千元豆”格局。以免单形式请全国人民在春节期间吃喝玩乐,背后是阿里的整个生态。淘宝闪购、飞猪、大麦、盒马、天猫超市、支付宝等阿里生态业务也将加入千问春节攻势。据悉,此次的30亿元,在阿里历史上的春节活动中投入最大,可见其抢占AI入口的决心。通过一个个最日常、最高频的消费场景,阿里试图让用户在真实交易中开始习惯“有事找AI”。30亿请全国人民吃喝玩乐阿里千问的春节战役第一枪,选择了看起来最“轻盈”的切入点。千问将首批30亿元预算中的相当一部分投入了吃喝玩乐的实际消费场景,首波主打全国30多万家奶茶店的免单活动。据千问APP官微,第一波免单活动时间为2月6日-2月12日,更新千问APP到最新版,人人都能获得1张25元免单卡,体验AI一句话免单点奶茶。活动页面显示,春节30亿大免单的第二波将从2月13日开始,用户可领取现金红包,最高可得2888元。奶茶这个品类极具战略性:它具有高频、低客单价、情感连接强的特点,尤其适合培养年轻用户的日常使用习惯。在这次阿里的战略里,红包只是甜点,办事能力才是正餐。在点单的过程中,用户需要完成一个完整的闭环操作:打开千问APP语音或文字输入需求选择具体商品完成支付实际消费。完成后,千问“能办事”的用处也就体现出来了。而这背后,是绑定了阿里庞大的生态。早在1月15日,千问APP就已宣布接入淘宝闪购、支付宝、淘宝、飞猪、高德等阿里生态场景,实现了点外卖、购物、订机票酒店等AI全流程办事服务,一次性上线超400项AI办事功能,串起了需求表达、任务执行到支付履约的闭环。在当时的发布会上,阿里巴巴集团副总裁、千问C端事业群总裁吴嘉通过一句“帮我订40杯霸王茶姬伯牙绝弦送到发布会现场”,在不到三分钟内完成了从选品、下单到支付的整个过程,展现了千问处理真实世界复杂任务的能力。从PC时代的用户主动搜索找商品,到移动时代的“猜你喜欢”推荐购物,再到AI时代的一句话AI自动下单“帮我买”,千问APP正在开创全球AI购物的新时代。千问APP内部人士透露:“半个月前的发布,其实就是在为春节攻势做准备。市面上大部分AI助手还停留在聊天阶段,而千问希望在今年春节期间,融入到人们真实的生活消费之中。”根据交通运输部预测,2026年春运期间全国跨区域人员流动量将达到95亿人次。在这一过程中,人们的消费需求呈现出高度集中和多样化的特点,购票、订房、购物、娱乐、出行,每一个环节都是AI切入的绝佳场景。有分析认为,这种策略意在通过实质投入,培养用户形成向AI助手直接表达消费需求的新习惯。春节期间,用户可能因为一次免单体验尝试用千问购买奶茶、电影票;节后,当这一习惯被保留下来,千问便有可能成为其日常消费的优先选择。这种从工具到入口的转变,正是互联网产品价值跃迁的关键一步。这场仗,阿里有哪些优势2025年,DeepSeek凭借其突破性的深度思考能力,成为AI技术进化的标志性符号,引发了广泛讨论。而2026年,AI技术的焦点正从“能聊天”转向“能办事”。业内普遍预期,未来通用型AI Agent能够聚合更多垂类应用,每个用户或许只需要少数几个AI Agent就能满足所有线上需求。这意味着,互联网时代的流量入口格局或将被打破,抢占AI时代的流量入口就是掌握未来十年数字流量的分发权。这也是各大互联网公司纷纷加码春节AI竞争的原因所在。阿里之外,腾讯元宝投入10亿主打社交裂变,试图重现2015年微信红包普及的辉煌;百度文心在百度App内嵌AI功能,以5亿红包吸引用户体验;字节跳动则拿下央视春晚独家AI云合作伙伴席位,借助豆包深度嵌入晚会互动。花旗预计,在一系列新春推广活动后,中国AI助手应用采用将快速推进。中航证券指出,大模型进入智能体执行时代,AI应用落地与政策支持共振加速,国内外大模型能力从“内容生成”跃迁至“流程代理”,技术范式跃迁与商业价值转化正同步加速。AI超Agent时代正在加速到来,在中国AI三强热闹的春节大战之外,美国AI圈也上演着相似的剧情。近期,Anthropic推出Claude Cowork,引起美股SaaS公司如Salesforce、Adobe、SAP等软件公司股价大幅下跌;AI智能体项目OpenClaw一夜之间风靡全球爆火出圈,AI真正进入人们的日常生活,主动为人类提供从生产到生活的全面服务,正在成为全球趋势。中国的AI一方面在基础大模型与美国你追我赶,另一个方面也在引领着AI生活应用场景上的落地。不过,多方撒钱补贴之下,要打赢这场“习惯迁移”之战并不简单。相比竞争对手,阿里具备几个优势:足够的投入、足够厚的生态、足够深的技术。投入规模本身即是战略信号。30亿元是阿里历年来春节活动的最大投入。用巨额资本加速市场教育的打法,在互联网商业史上屡试不爽,而阿里此次将其用在了AI竞争关键的隘口。从生态上看,淘宝、支付宝、高德、飞猪等业务构成了完整的线上线下消费服务网络。千问作为AI入口,能将用户需求精准匹配至适合的服务提供方,完成从“对话”到“履约”的全过程。从技术上看,千问已在AI能力上构建起坚实基础。1月27日,阿里发布千问旗舰推理模型Qwen3-Max-Thinking,创下多项权威评测全球新纪录。该模型大幅增强了自主调用工具的原生Agent能力,正是“AI办事”背后的技术支撑。而这个强大“大脑”的运转,依赖着一套从底层芯片到上层云服务的全栈自研体系。近期,由“通义实验室”(大模型)、“阿里云”(云计算)和“平头哥”(芯片)构成的“通云哥”三位一体战略愈发清晰,从最底层的计算指令、到云上的资源调度、再到模型本身的架构设计,可以实现深度协同,标志着其作为全栈玩家的竞争力。千问的春节投入,更像是一次对阿里集团整体AI化转型成果的集中展示,也将考验整个阿里商业操作系统在AI驱动下的协同效率与用户体验。底层则是与其他竞争对手在生态、技术、资本与战略耐力上的一场综合竞赛。长远的考验在补贴潮水退去后。2026年春节或许不会立即决定AI竞争的最终格局,但我们正站在一个时代的分水岭上。","news_type":1,"symbols_score_info":{"89988":0.9,"KBAB":0.6,"BBYY":0.6,"BABW":0.6,"ALBmain":0.6,"BABO":0.6,"09988":1.95,"AI":1.81,"BABX":0.6,"BABA":1.95}},"isVote":1,"tweetType":1,"viewCount":1623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":521445330678352,"gmtCreate":1768283171029,"gmtModify":1768283174416,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"不可能,在基本面未变,外部环境变糟,还有那一顿胖揍没有实质修复的情况下,咋可能轻易起来。","listText":"不可能,在基本面未变,外部环境变糟,还有那一顿胖揍没有实质修复的情况下,咋可能轻易起来。","text":"不可能,在基本面未变,外部环境变糟,还有那一顿胖揍没有实质修复的情况下,咋可能轻易起来。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/521445330678352","isVote":1,"tweetType":1,"viewCount":3217,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000373","authorId":"9000000000000373","name":"TroySwift","avatar":"https://static.tigerbbs.com/f64d8606368fe07c4863697ca91a6aa2","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000373","idStr":"9000000000000373"},"content":"我也觉得没戏,等修复吧。","text":"我也觉得没戏,等修复吧。","html":"我也觉得没戏,等修复吧。"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519241357123672,"gmtCreate":1767739913425,"gmtModify":1767739916061,"author":{"id":"3474342316200448","authorId":"3474342316200448","name":"星宿小小仙","avatar":"https://static.tigerbbs.com/66dfe4fd824479ae852bbd63bd7aec17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3474342316200448","idStr":"3474342316200448"},"themes":[],"title":"","htmlText":"某位的公关费/每年是多少??","listText":"某位的公关费/每年是多少??","text":"某位的公关费/每年是多少??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/519241357123672","repostId":"2601661816","repostType":2,"isVote":1,"tweetType":1,"viewCount":1747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"followers","isTTM":false}