韩国交易所因韩国综合股价指数200期货上涨5%，对韩国综合股价指数启动“SIDECAR机制”，程序交易暂停5分钟。 责任编辑：王永生

Translate webpages in Chrome: On your computer, open Chrome. Go to a webpage written in another language. At the top, click Translate. Chrome will translate the webpage one time. If you haven't installed Google Chrome. Please download and install it. Down

We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited on Long-term Investing’s Substack by Sanjiv. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited's share was trading at $330.56 as of January 30th. TSM’s trailing and forward P/E were 31.51 and 25.32 respectively according to Yahoo Finance. ASE Technology (ASX) Jumps 23% on Q3 Blowout Photo by Yogesh Phuyal on Unsplash Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s leading contract chipmaker and the dominant producer of the most advanced chips, serving high-profile clients such as Nvidia, AMD, Apple, Qualcomm, and Broadcom. The AI-driven boom has created unprecedented demand for these chips, positioning TSMC as a critical supplier in the global technology ecosystem. Its high-performance computing (HPC) segment now accounts for 55% of revenue, up from 34% 18 months ago, reflecting the secular and resilient demand from hyperscalers like Microsoft, Amazon, Meta, and Oracle, which contrasts with the cyclical consumer markets. TSMC’s 4Q 2025 results highlighted a 35% increase in profit, driven by strong double-digit revenue growth and expanding gross margins, which reached 62.3%, underscoring the company’s quasi-monopolistic position in advanced semiconductor manufacturing. TSMC is expanding globally, with fabs operational or under construction in the U.S., Japan, and Germany, supported by government subsidies but facing higher costs and initial yield inefficiencies outside Taiwan. Despite this, margins continued to rise in 2025, offset by increased pricing power and capacity utilization. The company plans a capital expenditure of $52–56 billion in 2026 to support the rollout of 2nm technologies, which will initially dilute margins but strengthen long-term production capabilities. Over the next five years, TSMC expects overall revenue growth of 25% CAGR and AI accelerator revenue to grow mid-to-high 50% CAGR, ...

58集团创始人姚劲波曾在内部表示，非常看好AI教育。 多知获悉，近日，五八驾考完成对AI职业教育平台“考试宝”的全资收购。 这意味着，这家“已帮助2亿人取得驾照”的公司，正跃出垂直驾培这一技能培训领域，迈向综合性的职业教育领域。 多知从知情人士处获悉，双方的谈判始于2025年下半年。 五八驾考是58集团旗下核心培训板块。其旗下核心产品驾校一点通成立于2005年。2015年，驾校一点通被58同城全资收购。2018年，五八驾考正式成立。近年来，五八驾考已从单一驾考服务逐步构建起覆盖全产业链的智慧驾培生态体系，发布了智能模拟器、智能机器人教练等智能硬件。 据五八驾考方面批露， 其旗下驾校一点通已服务全国6000+个驾校，年新增用户超2000万，日活200万+，已帮助2亿人取得驾驶证。 考试宝创立于2019年，是在线职业教育备考学习平台，涵盖建筑工程、考公考编、医药卫生等职业考试领域，其题库覆盖10000+考试类目，目前已沉淀超60亿道试题、2000万份文档，已服务用户突破8000万。 当前，考试宝将AI融入“学练考培” 全场景。其中，AI导题功能支持Word、PDF、图片等多格式文档一键上传，分钟级生成结构化题库；AI解题功能实现客观题秒级反馈、主观题分步引导，解析准确率超 98%；AI讲题讲课功能则将枯燥刷题升级为互动式教学。 这次收购的逻辑相对清晰： 五八驾考所在的驾培领域，相对垂直，且驾校一点通已经位居头部。也就是说，已帮助超过数亿用户学车刷题的驾校一点通在驾培领域的天花板有限。 另一方面， 据业内人士估算，每年有4-6亿人次参加职业考试。这意味着庞大的需求存在。 对双方来说，驾校一点通与考试宝的客群重合，均为成人群体，只不过一方侧重垂直的驾考技能培训，另一方侧重广泛的考试考证培训，有一定的业务互补性。 上述知情人士透露，驾考里涉及到报名、理论考试、实操考试等流程，同样适用于其他考试类目，因此，整体的可复制性比较强。双方更看重整合之后形成的一致性，把一些大的职业教育细分行业做深做透。 五八驾考方面表示：“ 对考试宝的此次收购，绝非简单的资源叠加，而是一次生态价值的乘法效应。 对于教育行业来说，驾校一点通的驾培积淀与考试宝智能学考技术将深度融合，打通‘学练考培’全链路，加速推动职业教育的标准化、智能化与产业化进程，将智慧融入千行万业备考。对于学员来说，从学车到备考各类...

格隆汇2月3日｜Kospi指数一度上涨4.1%，从周一的暴跌中反弹，受科技股提振。贵金属也在早盘交易中反弹。隔夜美股走高，强劲的制造业数据帮助提振了市场情绪，而人工智能支出方面的担忧有所缓解。三星电子和SK海力士是周二韩国Kospi指数上涨的最大贡献者。19个分类指数中有18个上涨，其中电器与电子分类指数领涨，涨幅一度达6%。散户投资者净买入Kospi成分股，而本土和外国基金则净卖出。小型股Kosdaq指数一度上涨3.4%。

在经历了贵金属市场的剧烈波动后，美股市场本周一（2月2日）展现出韧性，三大指数低开高走，最终全线收涨。道琼斯工业平均指数上涨515.19点，涨幅1.05%，报49407.66点；纳斯达克 综合指数 涨0.56%，报23592.11点；标普500指数涨0.54%，报6976.44点，距离历史收盘高点仅一步之遥。市场情绪受 存储芯片 板块爆发和部分经济数据向好的支撑，抵消了 白银 、原油等 大宗商品 抛售的压力。 存储板块的爆发成为当日市场最大亮点，闪迪股价飙升15.44%至665.24美元，创收盘价新高，市值达982亿美元。这一涨势背后，既得益于公司业绩大超预期，也受行业基本面改善支撑 ——SK海力士和闪迪在2025年第四季度财报中显示，NAND闪存平均单价（ASP）上涨超30%。受此带动，美光科技上涨5.52%，西部数据涨7.99%，希捷科技涨6.2%，“存储四巨头” 集体走强。瑞穗 证券 分析师指出，从贵金属和加密货币市场撤出的 “热钱” 正涌入基本面强劲的内存股，推动板块持续创新高。 科技权重股走势分化。苹果涨超4%，谷歌、亚马逊涨幅均超1%，但英伟达跌近3%，特斯拉、微软、Meta跌幅在1%至2%之间。消息面上，谷歌旗下Waymo自动驾驶部门接近完成160亿美元融资，而甲骨文因筹资计划冲高回落。市场焦点转向本周密集财报，包括谷歌母公司Alphabet、亚马逊等128家标普500成分股将披露业绩，当前近八成已公布公司超预期。 中概股承压，纳斯达克中国金龙指数跌0.65%。小鹏汽车跌超8%，蔚来、百度跌超3%，拼多多逆势涨2.38%。此外，特朗普与莫迪达成的贸易协议刺激印度资产上涨，SpaceX与xAI合并消息推动相关概念波动。 贵金属市场多空激战白热化。COMEX白银 期货 在80美元关口反复争夺，尾盘跌1.93%至78.77美元/盎司，现货白银一度跌超7%； 黄金 期货跌1.94%至4622.50美元/盎司。机构观点出现分歧，联储证券认为金价继续下调空间有限，而美国 银行 警告全球股票风险偏好指标达95百分位，市场过热信号显著。 原油市场遭遇重挫。WTI原油期货跌4.71%至62.14美元/桶，布伦特原油跌4.36%至66.30美元/桶。特朗普称与伊朗谈判取得进展，缓解地缘供应中断担忧，同时美国拟降低印度关税至18%，推动印度增加美国能源进口。 经济数据方面，...

2026年，游戏行业拿下了一个还算不错的开局。 据游戏新知统计，2026年第一季度共有124款上线或者测试的游戏（数据来源：TapTap、好游快爆），其中有59款产品正式或者将要上线，65款产品则进入了测试阶段。值得一提的是，这些产品中共有105款产品已经拿到版号，占比约为84.7%。 另外，在这124款产品中，游戏新知观察到 有21款产品是从Steam平台中移植而来的， 其中不少产品均出自于独游团队。虽然手游市场总是声势浩大，但我们不能回避的是更具创新的玩法、更新颖的美术风格总是在其他平台出来，甚至移植得如此之慢也不影响它们在手游平台再次火热起来。在追求「唯快不破」的手游市场，或许这些异类能给大家带来一些思考。 如今1月新游的开服成绩已经出炉， 像三七互娱《生存33天》、鹰角网络《明日方舟：终末地》等产品都跑出了不错的成绩；另外， 还有不少潜力新品都将在这个季度测试或者上线， 乐元素《白银之城》、网易《遗忘之海》、FunPlus《伊莫》、弹指宇宙《诡秘之主》以及完美世界《异环》等潜力新品均在这个季度开启测试。 以下为新品信息： 拿下开门红的新品 就市场表现来看，2026年开年跑得还算不错的游戏共有5款，分别是《生存33天》、《疯狂水世界》《鹅鸭杀》《逆战：未来》以及《明日方舟：终末地》，这五款产品不一定在玩法上有颠覆性的创新，但通过对细节的调优，找到了属于自己的生态位。 其中最早跑出来的产品是 三七互娱的《生存33天》 ，这是一款末日生存RPG游戏，在去年11月底登陆了微信小游戏平台，今年1月1日则正式登陆了移动端平台。 《生存33天》沿用了「轰隆隆like」这一玩法框架，末日生存题材则有不错的吸量效果，针对流程前期的重复性内容，游戏加入了类似搜打撤的副本，兼具数值验证的爽感和探索的获得感。 从市场成绩来看，这款产品从去年12月开始发力，在1月4日登顶了微信小游戏畅销榜单，至今仍能维持在榜单TOP4的水准。《生存33天》在抖音小游戏平台则成绩更好，游戏在1月3日正式登顶畅销榜单，之后大部分时间仍能维持在榜首。 左：微信小游戏畅销榜丨右：抖音小游戏畅销榜 而在登陆移动端后，《生存33天》则在上线当日闯入了iOS游戏畅销榜TOP200，后续也在逐渐上升，目前维持在iOS游戏畅销榜TOP60左右。 益世界《疯狂水世界》 是一款海上末日模拟生存手游，玩家要在海上从零开始建...

We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited on Long-term Investing’s Substack by Sanjiv. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited's share was trading at $330.56 as of January 30th. TSM’s trailing and forward P/E were 31.51 and 25.32 respectively according to Yahoo Finance. ASE Technology (ASX) Jumps 23% on Q3 Blowout Photo by Yogesh Phuyal on Unsplash Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s leading contract chipmaker and the dominant producer of the most advanced chips, serving high-profile clients such as Nvidia, AMD, Apple, Qualcomm, and Broadcom. The AI-driven boom has created unprecedented demand for these chips, positioning TSMC as a critical supplier in the global technology ecosystem. Its high-performance computing (HPC) segment now accounts for 55% of revenue, up from 34% 18 months ago, reflecting the secular and resilient demand from hyperscalers like Microsoft, Amazon, Meta, and Oracle, which contrasts with the cyclical consumer markets. TSMC’s 4Q 2025 results highlighted a 35% increase in profit, driven by strong double-digit revenue growth and expanding gross margins, which reached 62.3%, underscoring the company’s quasi-monopolistic position in advanced semiconductor manufacturing. TSMC is expanding globally, with fabs operational or under construction in the U.S., Japan, and Germany, supported by government subsidies but facing higher costs and initial yield inefficiencies outside Taiwan. Despite this, margins continued to rise in 2025, offset by increased pricing power and capacity utilization. The company plans a capital expenditure of $52–56 billion in 2026 to support the rollout of 2nm technologies, which will initially dilute margins but strengthen long-term production capabilities. Over the next five years, TSMC expects overall revenue growth of 25% CAGR and AI accelerator revenue to grow mid-to-high 50% CAGR, ...

We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited on Long-term Investing’s Substack by Sanjiv. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited's share was trading at $330.56 as of January 30th. TSM’s trailing and forward P/E were 31.51 and 25.32 respectively according to Yahoo Finance. ASE Technology (ASX) Jumps 23% on Q3 Blowout Photo by Yogesh Phuyal on Unsplash Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s leading contract chipmaker and the dominant producer of the most advanced chips, serving high-profile clients such as Nvidia, AMD, Apple, Qualcomm, and Broadcom. The AI-driven boom has created unprecedented demand for these chips, positioning TSMC as a critical supplier in the global technology ecosystem. Its high-performance computing (HPC) segment now accounts for 55% of revenue, up from 34% 18 months ago, reflecting the secular and resilient demand from hyperscalers like Microsoft, Amazon, Meta, and Oracle, which contrasts with the cyclical consumer markets. TSMC’s 4Q 2025 results highlighted a 35% increase in profit, driven by strong double-digit revenue growth and expanding gross margins, which reached 62.3%, underscoring the company’s quasi-monopolistic position in advanced semiconductor manufacturing. TSMC is expanding globally, with fabs operational or under construction in the U.S., Japan, and Germany, supported by government subsidies but facing higher costs and initial yield inefficiencies outside Taiwan. Despite this, margins continued to rise in 2025, offset by increased pricing power and capacity utilization. The company plans a capital expenditure of $52–56 billion in 2026 to support the rollout of 2nm technologies, which will initially dilute margins but strengthen long-term production capabilities. Over the next five years, TSMC expects overall revenue growth of 25% CAGR and AI accelerator revenue to grow mid-to-high 50% CAGR, ...

韩国KOSPI 200期货上涨5%，程序化交易暂停5分钟 2026-02-03 08:31:56 来源： 同花顺7x24快讯 分享 文章提及标的 韩国综合股价200指数 -- 韩国kospi200（KOSPI200）期货上涨5%，程序化交易暂停5分钟。

最近，巨人网络又有新的动态消息： 旗下现象级游戏《超自然行动组》官宣日活突破1000万。 在此之前，《超自然行动组》正处于周年庆活动中，项目组动作不断——不仅官宣了首位全球品牌代言人赵露思及新的地图内容，还推出了“AI 大模型挑战”玩法，成为国内首个在大DAU游戏中深度融合AI大模型的AI原生玩法。 同时，当我们回望2025年会发现，“微恐” 游戏赛道的快速崛起，更是离不开《超自然行动组》这个爆款的强势表现。 如今，这款现象级产品在正式上线一年后，其市场数据究竟呈现出怎样的成长曲线？在内容与传播层面，又有哪些值得关注的动作？ 今天，DataEye研究院就来聊聊这款游戏。 一、《超自然行动组》上线一年数据复盘 （一）榜单走势：前期蓄力、中期加速爆发，展现出极强的市场韧性 点点数据显示，《超自然行动组》于2025年1月23日正式上线，产品在上线初期并未采取激进冲榜策略，而是经历了一段相对理性的市场验证与用户积累阶段，榜单表现呈现出阶段性震荡特征。 直到6月末暑期档前夕，《超自然行动组》开始显现增长势能，冲进了iOS免费榜TOP10，并在7月20日攀升到iOS免费榜第2的位置。在此之后，《超自然行动组》在iOS免费榜的排名波动较小，长期稳定在TOP20之内，体现出扎实的下载基本盘。 而畅销榜排名情况同样如此，产品初期并未急于释放商业化潜力，而是在玩法与内容成熟后逐步放大变现能力。直到2025年3月，《超自然行动组》首次进入畅销榜总榜。 2025年4月30日，《超自然行动组》再次进入畅销榜之后，排名呈现持续攀升的态势。 随后在2025年7月4日冲入畅销榜TOP10，并在一个月后（8月17日） iOS 游戏畅销榜升至第4名。 后续《超自然行动组》在iOS畅销榜上同样呈现出高位稳定、波动小的状态。 近日， 《超自然行动组》iOS畅销榜再度飙升，1月31日最高排名回到榜单第4名，而目前排名稳居前10，展现出强劲的商业化能力。 （二）核心数据：暑期档iOS端下载量高位稳定，月均使用时间接近30小时 点点数据显示，《超自然行动组》iOS端在2025年预估总下载量约为1300万次， 由于这款游戏主要下载渠道在官服，未放开安卓渠道服，因此实际下载量远大于三方平台的预估数据。 从走势来看，2025年6月份之前下载量有一定波动，直到2025年6月下旬，《超自然行动组》下载量开始飙升，单日下载...

(RTTNews) - The Taiwan stock market has moved lower in three straight sessions, sinking almost 1,200 points or 3.7 percent along the way. The Taiwan Stock Exchange now sits just above the 31,620-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets is positive on decent economic data, although weakness among the oil stocks may limit the upside. The European and U.S. markets were up and the Asian bourses are expected to follow suit. The TSE finished sharply lower on Monday following losses from the financial shares, technology stocks and plastics companies. For the day, the index dropped 439.72 points or 1.37 percent to finish at 31,624.03 after trading between 31,359.95 and 32,008.46. Among the actives, First Financial shed 0.52 percent, while Fubon Financial lost 0.44 percent, E Sun Financial fell 0.30 percent, Taiwan Semiconductor Manufacturing Company sank 0.56 percent, Hon Hai Precision and United Microelectronics Corporation both stumbled 2.72 percent, Largan Precision tanked 2.28 percent, Catcher Technology dipped 0.25 percent, MediaTek plunged 3.13 percent, Delta Electronics crashed 3.69 percent, Novatek Microelectronics tumbled 1.73 percent, Formosa Plastics plummeted 6.34 percent, Nan Ya Plastics cratered 6.98 percent, Asia Cement slumped 1.56 percent and Cathay Financial, Mega Financial and CTBC Financial were unchanged. The lead from Wall Street is upbeat as the major averages opened flat but quickly tracked to the upside and spent the balance of the day in the green. The Dow jumped 515.19 points or 1.05 percent to finish at 49,407.66, while the NASDAQ added 130.29 points or 0.56 percent to end at 23,592.11 and the S&P 500 gained 37.41 points or 0.54 percent to close at 6,976.44. The strength on Wall Street followed the release of a report from the Institute for Supply Management showing manufacturing activity in the U.S. unexpectedly expanded for the first time in 12 months in January. The markets saw continued...

Earnings Call Insights: DaVita Inc. (DVA) Q4 2025 Management View CEO Javier Rodriguez emphasized, “We executed with discipline, met challenges head on and delivered on our commitments we set at the beginning of the year. At the same time, we continue to invest to enhance patient care and fuel growth in the years ahead. As a result, we're well positioned for 2026 and beyond.” Rodriguez spotlighted Integrated Kidney Care (IKC) programs, noting, “Our IKC patients are 35% more likely to start dialysis with a permanent vascular access, resulting in a better patient experience and costs that are 3x lower during the first 180 days of dialysis.” He reported their first profitable year in IKC, “which is slightly ahead of schedule.” Key clinical initiatives include advancing dialysis technologies, high vaccination rates, and a new strategic partnership with Elara Caring to establish an ESKD-focused offering. Rodriguez shared, “Today, we announced a strategic clinical partnership with Elara Caring, a leading home care provider to establish an ESKD-focused offering...designed to lower hospitalizations and missed treatment rates while improving the overall patient experience.” Forward guidance was presented: “We expect adjusted operating income within a range of $2.085 billion to $2.235 billion, which represents 3.2% growth at the midpoint. Our guidance for adjusted earnings per share is $13.60 to $15 even, reflecting a 33% growth at the midpoint.” CFO Joel Ackerman stated, “Fourth quarter adjusted operating income was $586 million, bringing full year adjusted operating income to $2.094 billion. Adjusted earnings per share from continuing operations for the fourth quarter was $3.40 with full year adjusted EPS from continuing operations of $10.78. Free cash flow was $309 million in the fourth quarter, which brings full year free cash flow to just over $1 billion.” Outlook Rodriguez stated, “We remain confident in our ability to deliver adjusted operating income growth over the n...

格隆汇2月3日｜据央视，由中国航天科技集团十一院研制的彩虹YH-1000S，全球首款混合动力无人运输机2026年2月1日在重庆梁平首飞成功。

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍每个人的生活都离不开水：做饭需要水，个人清洁需要水，就连我们身体的50%~70%都是由水组成。然而世界上有这么一小群人，偏偏对赖以生存的水过敏。 12岁那年，来自英国德比郡的蕾切尔·沃里克被确诊为水源性荨麻疹。只要她的皮肤一接触水，就感到瘙痒和刺痛，还会长出鼓包、红斑或鞭痕状的水肿。因为这种罕见病，很多日常小事对她来说都变成了折磨。 出汗的话，蕾切尔身上也会形成红疹|Rachel Warwick 比如洗澡。水淋在蕾切尔身上仅几分钟，她的皮肤就开始发麻，随后进展为刺痛，就好像有什么东西在皮肤下啃食肌肤一样。再往后，刺痛变为灼烧感，身上也开始出现荨麻疹一样的风团。洗完澡后两个小时，她的皮肤才会慢慢镇静下来，恢复原状。 出于相同的原因，蕾切尔每天出门都必须随身携带外套，以防忽然下雨。只要雨一下，她必须立刻赶回家或躲进附近的室内空间。 就连哭泣都成了奢侈。 蕾切尔说自己一哭脸就会肿，不知道的人还以为她是肉毒杆菌打多了。 女性患者比男性患者多|网络 世界上首例水源性荨麻疹的记录出现在1964年，直到今天，记录在案的患者数量 也仅有100个左右。 由于过于稀缺，科学家暂时不能确定其患病率，只能总结出一些大概规律：比如女性患者明显多于男性；多在青春期发病；大多数患者发病时不伴有其他系统性疾病。 科学家目前还不清楚水源性荨麻疹的发病机制，这让治疗只能停留在“治标”层面。蕾切尔希望能有更多学者对这种病征展开研究，帮助和她一样的人走出泥潭。 此“过敏”非彼“过敏” 来自美国犹他州的亚历山德拉·艾伦，也是在12岁那年确诊水源性荨麻疹的。即使已经在吃药控制，她还是会平均两天起一次风团，就算不起风团，皮肤也总是红红的，布满了小点。 亚历山德拉·艾伦|Alexandra Allen 因为对水过敏，亚历山德拉每周只洗一次两分钟的凉水澡，洗手不用流动水，而是用消毒凝胶。她能用的化妆品十分有限，卸妆基本靠湿巾。考虑到汗水同样暗藏危机，亚历山德拉仅在清凉的夜晚进行一些运动，但即使这样仍然因为出汗发过一两次风团。 流泪更是禁忌。亚历山德拉记得15岁时和朋友们去电影院，被其中的一个情节感动到嚎啕大哭，“对着一部迪士尼电影哭就够尴尬了，结果我的眼睛还肿了起来，以至于什么都...

YouTube is taking aggressive steps to remove AI-generated spam content that could undermine its position as a top destination for advertisers and streaming viewers. YouTube Deletes Popular AI Channels The video platform shut down more than a dozen popular AI channels, including videos featuring talking cats and religious figures, according to an analysis by Kapwing, a video editing platform, as reported by Business Insider. Some of the channels were drawing millions of views before being removed. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Explore Jeff Bezos-backed Arrived Homes and see how investors are earning passive rental income — now with a limited-time 1% bonus match for new investors. AI Content Floods YouTube Feeds In November, Kapwing reported that roughly 21% of videos in YouTube feeds were AI-generated, highlighting the growing influence of low-quality automated content. YouTube CEO Neal Mohan said reducing such content is a top priority for 2026. "YouTube doesn't allow spam, scams, or other deceptive practices that take advantage of the YouTube community," a company spokesperson said regarding the account removals. Mohan added, "To reduce the spread of low-quality AI content, we're actively building on our established systems that have been very successful in combating spam and clickbait, and reducing the spread of low-quality, repetitive content." See Also: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors. YouTube Pushes AI, Creator Growth Earlier, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) positioned YouTube to lead the next phase of digital entertainment as competition with Netflix Inc. (NASDAQ:NFLX) intensified. The company highlighted that creators were driving major cultural moments across formats, including long-form videos, Shorts, which averaged 200 billion daily views, mu...

Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up. The fundraising announced Monday values Waymo at $126 billion. The appraisal underscores investors' desire to own a piece of the rapidly expanding robotaxi market, as well as how far Waymo has come since starting as a “moonshot” project within Google 17 years ago. Analysts had estimated Waymo was worth about $30 billion just five years ago after a flurry of fundraising. The new valuation may feed recurring speculation that Waymo will eventually pursue an initial public offering as part of a spinoff from corporate parent Alphabet Inc, which also owns Google. Alphabet, which boasts a market value of nearly $4.2 trillion, led the fundraising that also included an array of prominent venture capitalists and investment funds. In a blog post, Waymo said it plans to use the the money to extend its reach beyond the six metropolitan areas where its robotaxis already give rides in California, Arizona, Georgia, Texas and Florida. It's gearing up to enter more than 20 other cities, including London and Tokyo. Waymo's robotaxis already provide more than 400,000 weekly rides. “We are positioned to move forward with unprecedented velocity, while maintaining our industry-leading safety standards,” Waymo said in the post. Although Waymo's robotaxis have so far compiled a mostly clean driving record, they have experienced various problems that have triggered community backlashes and regulatory inquiries. Last year in San Francisco, a Waymo robotaxi ran over and killed a 9-year-old cat beloved around its neighborhood. Many of the self-driving vehicles later contributed to traffic chaos during an extended power outage when they stalled out at intersections with darkened traffic signals. The National Transportation Safety Board is also investigating comp...

高端的商战，往往只需要一张朴素的海报。这不是在玩烂梗，而是2026年春节红包大战的真实写照。 2月2日上午，在腾讯元宝的红包链接占领微信群聊24小时后，老对手阿里巴巴迅速发布一张红底金字的海报，正中间是硕大的“30亿”字样，标题是“千问春节大请客”。这张既朴素又吵闹的海报，不知道是否也是临时由AI生成的，如果背后有设计团队连夜改过32版，我将提前向远方的工友滑跪道歉。 一张海报，用了四个感叹号，想必争夺用户的心已急急急急。根据这张急急急急的海报，千问应该将要联合淘宝、闪购、飞猪、大麦、高德、盒马等阿里系交易平台，开展免单活动，直白地说，就是有概率用千问免费（或以一定折扣）买东西、订外卖、订酒店、买演出票、打车。 2月6日要上线的活动，提前在2月2日发布一张预热海报，没有活动细则，也没听闻有小范围的功能测试。官宣时间点之微妙，很容易令人联想是前一天腾讯元宝的大动作，让阿里微调了千问春节活动的上线节奏。 无论如何，BATB（字节、阿里、腾讯、百度）的撒钱之战，眼看着就要在马年春节正面打响了。 AI时代的船票焦虑，让大厂们都掏出了压箱底的资源喂养自家押注的AI产品，这是比烧掉多少钱，更值得关注的变化。 撒钱，搭上最核心的资源 一个小迷思是，在春节发钱之前，国产AI助手们率先对齐了取名规则。甭管以前叫什么，年底前，大家都统一把户口本上的名字改成了两个字。豆包、元宝、千问、文心、Kimi（虽然是英文名，但好在也是两个音节可以混迹其中），大家整整齐齐、整衣敛容、整装待发红包。 名字的变化，预示着国产AI产品已打算逃离小范围自嗨的阳春白雪，换上走向人民群众的决心。毕竟过年想让二大爷领红包，如果跟他说是“通义千问”和“文心一言”发的，二大爷只会问你马什么梅。 发钱数额上，百度5亿，腾讯10亿，阿里30亿。表面上，大家都在以AI为名给用户撒钱，但细看产品逻辑，三家公司展现出截然不同的目标。 方式上，百度和腾讯发的是现金红包，领到红包后可提现，走的是传统红包逻辑。区别在于百度重任务，用户获得红包的主要方式是完成一系列任务，覆盖文心、百度极速版、好看视频、百度贴吧等一系列百度系产品。领取红包的“主阵地”在手百APP，从手百首页进入活动入口，到完成首次提现，我全程没有被引导下载文心APP。由此看来，百度发春节红包的内核更像是维持手百的DAU和留存，同时提升百度系产品的渗透。 腾讯元宝发的现...

The U.S. needs energy. These three companies could fill the gap. On the heels of three consecutive years of double-digit gains, the market continues to climb in 2026. The S&P 500 (^GSPC +0.54%) has notched a 1% gain year to date, and analysts are predicting the benchmark index will close the year with a fourth double-digit return. Even so, not every growth stock will be a winner by the end of this year. Nor will every winner this year go on to beat the market continuously. That's why, if your time horizon is long and you can stay invested for several years, selecting stocks today should be about discerning which stories are durable and which are tales spun up for the moment. The durable stories worth tracking right now have to do with the future of energy. Novel energy solutions are needed for infrastructure to support rampant data center construction, cloud computing, and artificial intelligence, among others. With that in mind, the following three energy stocks might be worth a $100 investment today. 1. Oklo Oklo (OKLO 7.74%) is a pre-revenue nuclear start-up designing small reactors with complementary fuel recycling capabilities. Its flagship design -- Aurora powerhouses -- can run on high-assay low-enriched uranium (HALEU), a special fuel that cuts down on refueling. It's also small enough that it can be built near data center campuses without intrusion. Expand NYSE : OKLO Oklo Today's Change ( -7.74 %) $ -6.16 Current Price $ 73.46 Key Data Points Market Cap $12B Day's Range $ 73.30 - $ 78.49 52wk Range $ 17.42 - $ 193.84 Volume 446K Avg Vol 13M Oklo has cleared some key regulatory milestones, including the start to the construction of its first-ever Aurora powerhouse at Idaho National Laboratory. The company plans to demonstrate this technology before America's 250th birthday on July 4, 2026. Despite no revenue to date, Oklo is making tangible progress, and it could become a key utility player in a future of data centers. 2. Bloom Energy Bloom Energy (BE +3.03...

最新数据显示，初中级PM岗位断崖式下滑42%，大厂不再依赖人海战术。本文将深入剖析AI如何吃掉中间层产品经理，并预测2025-2030年PM的三条生存路径。 最近，在几个产品经理社群里，讨论最激烈的不再是“如何做增长”或“如何画原型”，而是“消失的 HC（招聘名额）”。 根据 2024-2025 年国内主流招聘平台的数据显示，互联网核心城市（北上广深杭）的产品经理招聘需求量相比 2021 年高峰期下滑了约 42%，而初级（3 年以下）岗位的缩减比例更是惊人。 回顾中国互联网的黄金十年： 移动互联网时代：我们信奉“连接”，每一个垂直场景（如社区团购、P2P、O2O）的连接都意味着一个庞大的团队。 产业互联网时代：我们深耕“效率”，数字化转型创造了海量的 B 端、SaaS 产品经理岗位。 然而，这一波生成式 AI 浪潮，虽然在各大峰会上被描绘得天花乱坠，但在实际的就业市场中，我们看到的却是：初中级 PM 岗位断崖式减少，大厂不再通过“堆人”来堆产品线。 为什么这一波生产力革命，没有带来预期的“就业盛世”？ 需求侧的冷酷真相：AI 正在杀掉“中间层产品” 在产品视角下，任何产品的存在价值都是为了解决“信息不对称”或“执行低效”。 过去： 我们需要大量的功能模块来帮助用户完成任务。例如，为了做一个企业内的数据看板，PM 需要设计采集、清洗、计算、可视化、权限控制等一系列功能。每一个模块背后，都对应着相应的 PM 拆解逻辑、画原型、对评审。 现在： AI 正在实现从“GUI（图形界面）”到“LUI（语言界面）”的跃迁。 当用户只需要在钉钉或飞书里说一句话：“帮我对比上周华东区和华南区的转化率异动”，AI 就能直接生成分析结论。 PM 视角： 那些繁琐的配置项、复杂的层级导航、冗余的表单设计，统统消失了。这意味着大量负责“细节功能维护”和“中间逻辑翻译”的产品经理失去了存在的必要。AI 裁掉的不是你，而是你曾经赖以生存的“功能冗余”。 2025 现状扫描：中国互联网 PM 的“硬数据”与“软暴力” 为了让论证更有力，我们来看一组贴合中国市场实际的观察： 供需失衡与薪资“倒挂”：据行业智库数据，2025 年春招中，一名具备 3 年经验的 AI 产品经理（懂算法原理、懂模型评测）的平均月薪仍能维持在 35k-50k 之间；而同期纯业务型、纯功能型 PM 的月薪中位数已从 30k 下...

還有兩個星期便是農曆新年，三間發鈔銀行即日起至本月16日，提供新鈔及「迎新鈔」供市民兌換。 在滙豐銀行旺角分行，上午七時已有逾50名市民在銀行內，排隊等換「新鈔」。由於人數眾多，銀行未到8時已開始為市民換鈔。銀行提供由20元和50元組成、總值3,000元新鈔套裝和6,000元的新鈔和「迎新鈔」套裝。 「迎新鈔」即雖舊仍簇新的鈔票，適合封利是之用。金管局鼓勵市民利用電子支付方式，包括透過網上或手機銀行，使用「轉數快」或其他電子錢包提供的服務派利是。

還有兩個星期便是農曆新年，三間發鈔銀行即日起至本月16日，提供新鈔及「迎新鈔」供市民兌換。 在滙豐銀行旺角分行，上午七時已有逾50名市民在銀行內，排隊等換「新鈔」。由於人數眾多，銀行未到8時已開始為市民換鈔。銀行提供由20元和50元組成、總值3,000元新鈔套裝和6,000元的新鈔和「迎新鈔」套裝。 「迎新鈔」即雖舊仍簇新的鈔票，適合封利是之用。金管局鼓勵市民利用電子支付方式，包括透過網上或手機銀行，使用「轉數快」或其他電子錢包提供的服務派利是。

Hong Kong’s tourism sector is bracing for a 6 per cent rise in mainland Chinese visitors during the Lunar New Year holiday, as travel to the city regains momentum. Tickets for high-speed trains from major mainland cities to Hong Kong have been selling fast in the days leading up to the festive period – an upbeat sign for some hoteliers expecting a full house during the holiday. The Travel Industry Council, a federation of local travel trade associations, estimated that up to 1.4 million mainland visitors would set foot in the city during the holiday – a 6 per cent rise compared with Lunar New Year last year. Advertisement Fanny Yeung Shuk-fun, the council’s executive director, also estimated the city would be receiving some 2,600 mainland tour groups during the holiday, representing a 5 per cent increase from last year. “Mega-events and activities are the key reasons for the positive arrivals,” Yeung said, citing the recent opening of the cinematic exhibition at the Old Yau Ma Tei Police Station as one of the attractions drawing mainland visitors. Advertisement The holiday on the mainland will run from February 15 to 23, spanning nine days from the 28th day of the 12th lunar month to the seventh day of the new Year of the Horse.

jetcityimage/iStock Editorial via Getty Images The following segment was excerpted from the Sequoia Fund ( SEQUX ) Q4 2025 Shareholder Letter. Shares of Elevance Health, Inc. ("Elevance") returned -3% in 2025. In short, 2025 was another busy and difficult year for US health insurers, Elevance included. Though we expect the company's revenues will have grown at a double-digit rate in 2025, we expect its earnings per share will have gone backwards, even if only modestly. The decline in Elevance's earnings last year was driven primarily by two key factors. First, the company's Medicaid business, which we had expected to hit a margin nadir in 2025, continued to weaken. Persistent medical cost pressures and adverse acuity shifts pushed this business line into the red in 2025 and extended the margin trough into 2026. Second, Elevance's individual exchange business flipped from nicely profitable to decidedly unprofitable, as double-digit increases in medical cost trend met with unanticipated risk-pool changes brought on by the migration of disenrolled Medicaid members to the individual exchanges. In response, the industry increased premiums by 20-30% across individual exchange policies, which should lift Elevance's individual exchange margins into positive territory in 2026. Unfortunately, the pandemic-era individual exchange subsidies expired at the end of 2025, and if they are not reinstated, Elevance will, in all likelihood, end up with fewer total members and less total revenue in this business line even if unit economics are restored. Investor sentiment remained weak, thanks to not only this weakening of Elevance's Medicaid business and this fresh deterioration of its individual exchange business, but also continued scrutiny of various industry business practices – prior authorizations in health insurance, fee structures and opacity in pharmacy benefit management, risk coding in Medicare Advantage, and more – that kept the industry in the headlines. It is possible tha...

《內經》曰：「五臟皆柔弱者，善病消癉。」 糖尿病是香港最常見的慢性疾病之一，每10名香港人便有1名糖尿病患者，而超過百分之二十的患者都是65歲以上的人士。中醫認為糖尿病是屬於「消渴 」範疇，典型表徵是「三多一少」，即是多飲、多食、多尿和伴隨體重下降。 浸大中醫藥學院臨床部中醫臨床副教授胡冬梅表示：「糖尿病這個疾病，它與人的體質有一定的關係。有幾個方面因素，首先他有先天，稟賦不足；還有情志方面的因素，長期精神壓力比較大；還有一種比較普遍的原因，就是飲食不節，因為飲食不節制，經常暴飲暴食，這些都引發糖尿病的發作。」 中醫在診症時，會因應患者的體質採取不同的藥材。 胡冬梅說：「糖尿病用藥，一般會根據每個人表現的情況。如果他的胃火比較盛，這型比較多一些選用的藥材有葛根，即是在市場上可以看到的粉葛，還有一些黃連、知母。」 除了用藥治療，針灸亦可以對糖尿病有一定的治療作用。 胡冬梅指出：「如果是體虛比較明顯的徵狀病人，我們會選用足陽明胃經，還有脾經這些經脈上的穴位。比較常見健脾的穴位，就是足三里，可以通過按摩、按壓來達到健脾去濕的作用。然後還有太沖穴，它可以舒泄肝火、疏肝理氣，每次可以點按、揉按5至6分鐘便可以了。」 配合治療的同時，患者亦要注意飲食，因為當體內胰島素分泌不足，血糖便會上升，所以患者在日常生活中要控制糖份和碳水化合物的攝取。 胡冬梅稱：「碳水化合物就是容易升高血糖，因為澱粉比較高，升糖的機率比較高，所以我們在食用的時候，不要過多食用。」 如果患者血糖長期控制不理想，會損傷人體的血管，容易引起血管硬化。 胡冬梅表示：「如果嚴重它會導致心腦血管的疾病，腦血管方面亦也是像中風都會發作，還有一些下肢血管、動脈閉塞，嚴重會導致截肢等。」 今次與大家推介一款冬瓜薏苡仁豬展湯，有健脾去濕、舒筋肝活的效果。 材料： 青瓜 五十克 冬瓜 五十克 薏苡仁 三十克 豬展 一百克 煮法：所有材料洗淨後，再加一公升水，熬煮三十分鐘即可飲用。

韩国政府周二公布的数据显示，今年1月韩国消费者价格涨幅为五个月来最低水平，这在一定程度上得益于石油产品价格的稳定。 根据韩国数据和统计部的数据，上个月消费者价格指数（CPI）同比上涨了2%。这标志着自去年 8 月份以来最小的涨幅，当时该数据为 1.7%。 从去年9 月到 12 月，韩国通胀率连续四个月高于韩国央行设定的 2%的目标水平。 韩国数据和统计部将上个月通胀放缓的主要原因归结为石油产品价格，后这与去年同期相比基本保持不变。 韩国高度依赖能源进口，因此极易受到外部价格波动的影响，这些波动往往会引发国内的通货膨胀。 1 月份，农产品、畜牧产品和渔业产品的价格较上年同期上涨了 2.6%，这是自去年 9 月以来的最小涨幅。 不过，仍有部分商品的价格出现了大幅上涨，比如大米、 苹果 和鲭鱼，其价格同比分别上涨了 18.3%、10.8% 和 11.7%。 工业产品的价格上涨了 1.7%，而电力、燃气和水费则上涨了 0.2%。 剔除波动较大的食品和能源价格后，1月份核心CPI同比上涨了 2.3%。 责任编辑：于健 SF069

1979年，亨特兄弟在德克萨斯的办公室里，手指划过世界地图上的白银运输路线，他们确信自己找到了对抗美元通胀的终极堡垒——用实物白银筑起一座价值永不磨灭的城池。 近半个世纪后的2026年，全球交易员的屏幕上闪烁着银价的疯狂曲线，算法与资本同样坚信，在这场法币信用的逃亡中，白银是最坚固的诺亚方舟之一。 两个时代，同一种野望。历史的幽灵从未离去，它只是在等待货币信用的锚链再次发出刺耳的崩裂声。 当美元脱离金本位的束缚，当通胀的阴影笼罩全球，资本便开始了一场永无止境的、从虚妄纸币向“硬资产”的集体大迁徙。从科技叙事的泡沫到古老金属的狂热，每一次轮动都并非价值的发现，而是恐惧的传导。直至所有资产都拥挤不堪，最终，那被视为最原始的避风港——白银，接过了刺破泡沫的一棒，也引爆了最惨烈的踩踏。 这不仅仅是两个泡沫的故事。这是一场关于信任、恐惧与稀缺性的永恒实验，一次在货币废墟上不断重演的人性预演。当2026年的暴跌照亮全球屏幕时，我们看到的不是新鲜事，而是1970年代那场未竟噩梦的现代显影——每一次对“绝对安全”的疯狂追逐，都在为下一次崩塌铺设道路。 货币失锚，两个时代的共同序曲 1971年，尼克松总统宣布美元与黄金脱钩， 布雷顿森林体系的解体 ，宣告了“纸币的冒险时代”正式开启。挣脱了黄金束缚的美元，同时也失去了价值的物理锚点。随之而来的石油危机，更将滞胀的幽灵带入西方经济体。 通货膨胀率如脱缰野马，1980年美国CPI高达12.52%。这种深刻的货币焦虑，催生了一种全新的市场逻辑： “通胀交易” 。当货币的购买力被确信将持续蒸发时，追逐任何有形资产本身就成了最理性的投资策略。盈利的现值计算让位于对实物本身的占有欲望。 于是，资金如洪水般涌入所有被认为能“保值”的领域。在1970年代，这不仅仅是黄金和白银。美国股市的“漂亮50”股票——那些被认为永不会失败的伟大公司（如宝丽来、施乐），其市盈率被推至80倍甚至更高。 尽管部分公司盈利增长放缓，但在“拥有实体资产和定价权就能战胜通胀”的共识下，它们的股价依然飙升。房地产、大宗商品、艺术品，一切非现金资产都在膨胀。这不是由扎实的盈利增长驱动的牛市，而是 由对纸币的不信任驱动的、全面的资产逃亡 。 近半个世纪后，相似的剧本以更复杂的金融语言重演。2026年初，在经历了长期的宽松货币环境后，虽然通胀数字时有起伏，但对制度性货币贬值的深层恐...

Key Points The enterprise software specialist made an elite list compiled by a well-known investment bank. The bank's analysts believe ServiceNow has wide scope for expansion. 10 stocks we like better than ServiceNow › A wobbly stock at the end of last week, ServiceNow (NYSE: NOW) seemed to be finding a better balance at the beginning of this one. Investors cautiously bought shares of the stock on Monday, sending its price nearly 1% higher and notching a slight victory over the S&P 500 index's 0.5% rise. Inclusion on a "best of" list compiled by a top investment bank was a key factor in the rise. An enterprising company That morning, Goldman Sachs added three names to its U.S. Conviction List, including ServiceNow (the other two joining it are delivery specialist DoorDash and energy company Golar LNG). Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Goldman's team of analysts, led by Steven Kron, waxed bullish about ServiceNow's potential to expand its offerings into other segments of the enterprise software market. According to reports, pundits believe it can capture market share in areas such as customer relationship management (CRM) and human resources. With such scope for expansion, the investment bank is estimating that ServiceNow could post an organic compound annual growth rate (CAGR) of roughly 20% through 2029. Hidden attributes Goldman points out a significant (and to some extent, hidden) advantage of ServiceNow and its business model -- it's readily expandable into other functionalities where businesses often struggle to become (and remain) efficient. Over the years, I believe, ServiceNow has done a solid job selling its products and services to clients, and when and if it pushes into those new segments, it should be similarly successful. Goldman's bullish analysis is justified. Should you buy stock in ServiceNow right now? Before you ...