The US, Japan, India and Australia launched new joint initiatives for the Indo-Pacific region as the countries' foreign ministers gathered in New Delhi for a summit. (Source: Bloomberg)

格隆汇5月26日｜中邮证券研报指出，国机精工聚焦高端轴承、超硬材料，金刚石散热有望打造新增长点。公司2025年实现归母净利润2.6亿元，同减6.96%；一季报实现归母净利润-0.09亿元，由盈转亏。轴承行业、磨料磨具行业实现较快增长。公司积极推动MPCVD、超硬刀具、航天轴承、风电轴承等战新产业重点投资落地。金刚石散热行业空间广阔，有望打造新增长点。金刚石具有优异的物理导热性，其导热能力是铜的5倍、硅的10倍。今年2月，英伟达就宣布下一代GPU芯片将全面采用“金刚石复合材料+液冷”的全新散热方案。此外，金刚石散热应用场景还在向通信基站、雷达系统、航空航天电子器件等前沿领域渗透。公司2026-2028年业绩对应PE估值分别为117.17、92.18、71.11，首次覆盖，给予“增持”评级。

墨西哥总统克劳迪娅・辛鲍姆于周一表示，伊朗国家队夏季世界杯训练基地从美国迁至墨西哥，墨方“没有异议”。 伊朗队的小组赛仍将在美国进行，但训练基地已改设在墨西哥蒂 华纳 ——位于加利福尼亚州圣迭戈以南。伊朗足协此前已宣布这一变动，国际足联（FIFA）也于周一正式确认。 此次基地搬迁，正值2月28日美伊开战的背景之下。 辛鲍姆在周一的新闻发布会上称，国际足联代表告知她，美方不愿让伊朗队在赛事之余停留在美国境内。 “美国不希望伊朗国家队在美国过夜，”辛鲍姆对记者说，“随后国际足联代表询问：‘球队可以在墨西哥留宿吗？’” “我们答复：‘可以，没问题，我们对此没有异议。’”她补充道。 责任编辑：陈钰嘉

07.44 BST Introduction: Oil rising back towards $100... Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Global investors are clinging to hopes that a US-Iran peace deal could be close, but optimism could be waning after fresh US strikes in the Middle East. Brent crude oil is creeping back towards the $100 a barrel mark, up 2.5% today at $98.57 a barrel, having dropped below that $100 mark yesterday for the first time in a fortnight. US and Iranian negotiators are in Doha to discuss a potential end to the three-month war, after Donald Trump declared last weekend that a peace deal with Iran “has been largely negotiated”. However, yesterday US forces attacked missile sites in southern Iran and boats trying to lay mines, which has created some doubts that a deal is genuinely close. Jim Reid of Deutsche Bank suggests the US attacks were “a warning shot that the ceasefire is fragile”, explaining: double quotation mark These actions were described as “defensive” and not an end to the ceasefire with Iran. Net net, optimism is still elevated that an agreement can be made to end the war. We have been here before, of course, but it has felt for some time that the move towards peace has been three steps forward and one or two back. There are encouraging moves in the government bond market too. The yields (or interest rates) on US debt have dropped today as prices rally, lifted by hopes that a peace deal will reopen the strait of Hormuz and ease the inflationary pressures hitting the world economy. Wall Street, which was closed yesterday, is on track to open higher. Markets have become more “risk-sensitive,” reports Daniela Hathorn, senior market analyst at Capital.com, who cautions: double quotation mark Markets are still leaning optimistic, but the tolerance for negative headlines is shrinking. If negotiations stall further or the Strait disruption worsens, the reaction across oil, yields and equities could become muc...

Bitcoin’s expected volatility has fallen to the lowest level in nine months, as subdued trading and a shift in speculative interest away from the largest cryptocurrency dampen demand for options protection. The Bitcoin Volmex Implied Volatility Index fell to 36.11 Monday in Singapore, its lowest since September last year and close to its lowest since 2023. The index reflects the market’s expected 30-day volatility in Bitcoin, derived from real-time crypto options prices. The decline comes as Bitcoin struggles to break above $80,000, trading around $77,000 today and still down nearly 40% from its record high above $126,000 set in October. US spot-Bitcoin exchange-traded funds have seen net outflows of about $1 billion so far in May, reversing a two-month stretch of net inflows and adding to signs that investor demand has cooled. “Bitcoin volatility is nearing all-time lows,” said Caroline Mauron , co-founder at Orbit Markets. “Retail interest is understandably going elsewhere to take advantage of other trading opportunities, as also seen from ETF outflows data.” That stands in contrast with a broader rally across risk assets: US stocks climbed to record highs on hopes that a deal to end the US-Iran war is nearing, while South Korea’s Kospi and Taiwan’s equity market have also touched peaks, buoyed by demand for AI and semiconductor exposure. “ETF flows have been negative for Bitcoin but the overall picture for risk has been positive for markets and I think those two factors have been canceling out each other,” said Damien Loh , chief investment officer at Ericsenz Capital. Bitcoin’s low implied volatility reflects a recurring pattern this cycle, where any pickup in price swings has quickly attracted volatility sellers, keeping options premiums suppressed. Rajiv Sawhney, head of international portfolio management at Wave Digital Assets, said volatility selling has been one of the defining trades of recent months, with investors repeatedly stepping in after spikes and ...

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Attacks from residents complicate the fight against a rare type of Ebola toggle caption Moses Sawasawa/AP BUNIA, Congo — Every time Vanny Birungi, a volunteer with the Red Cross in eastern Congo, goes out to raise awareness about the latest Ebola outbreak as suspected cases near 1,000, she faces a double threat. One is the rare Bundibugyo type of Ebola, with no vaccine or treatment. The other is the anger and suspicion of residents who have pelted her with stones and verbal abuse in Bunia, a city at the heart of the outbreak. "We continue to tell them that the disease is out there. Some accept, and others don't," Birungi told The Associated Press on Monday as she and colleagues spoke with groups of people in a working-class neighborhood under the scorching sun. Sponsor Message Aid workers are especially at risk in this volatile region where residents, like Birungi, have long been under threat of armed groups that have killed thousands of people and displaced many more in recent years. Trust is hard to find among the traumatized population that is wary of outsiders, even those trying desperately to contain the rapidly spreading outbreak that experts say was discovered weeks late. Surveillance for such diseases has been weakened by U.S. and other aid cuts. "These people should stop bothering us. They just want to get rich. Let's not forget that Ebola is a white man's invention," declared Pierre Basola, a 56-year-old resident of Bunia, who added: "Stop talking to me anyway." toggle caption Moses Sawasawa/AP Cases are nearing 1,000 but health centers are burned Three times in the past week, healthcare facilities have been attacked. On Sunday, angry young men stormed a hospital treating Ebola patients, forcing medical staff to evacuate them as gunfire rang out. On Saturday, a group of residents set fire to a tent for suspected and confirmed Ebola cases run by Doctors Without Borders in Mongbwalu, and more than a dozen people suspected to have the virus fled. On Thursday,...

受中东战事带来的能源供应短缺影响，韩国油价上涨，更多消费者将目光转向新能源车。韩国汽车移动产业协会日前发布的最新数据显示，截至4月底，该国混合动力车、纯电车等新能源车的登记量同比增长显著。在韩国，混合动力车属于广义新能源车范畴。《韩国商业电讯》25日报道，韩国汽车移动产业协会数据显示，截至4月底，韩国混合动力车登记量达273万辆，同比增长24.2%。混合动力车在所有登记机动车中占比达10.2%，已连续两个月保持在10%以上。纯电车同样增长强劲，登记量同比增长近40%，达到102万辆，韩国由此进入电动汽车登记量突破100万辆的时代。（新华社）

Do you honestly think Max will quit F1 at the end of the season if the engine changes aren't coming? - Paddy There is no questioning the fact that Max Verstappen is being genuine when he says he doesn't think he can face another year driving the cars as they are. In Montreal, he made it pretty clear that he does not fancy sticking around if the engine rules don't change. "It's just mentally not doable for me to stay like this," he said. "It's really not." After the race, he admitted he had "enjoyed a lot" his battle with Hamilton. But he also expanded on why he doesn't like the new cars or, more precisely, the new engines, with their need for constant energy management. Verstappen said that racing in the Nurburgring 24 Hours had reminded him "how pure motorsport can be". In F1, this year, he said: "For me, while driving, it's all a bit confusing. It's not what Formula 1 should be about. It's way too complex. "Most of the rules, the fans don't even know what we are dealing with while driving, what is allowed when you're behind or when you're the car ahead, what we have to do on a formation lap or what we have to do in an out-lap, or how much battery that we're allowed to charge. "It's just such a shame that we have to deal with all these things. F1 just needs to be more pure and I really hope that what they try to do [for] next year will go through because I think that is necessary, the minimum necessary, to make it a bit more natural and a bit more back to normal, or at least a bit more pure racing. "As drivers, give us any kind of car, we'll always race and give good entertainment or a good show. Doesn't matter that people say, 'Oh, but look now, the show is great, the cars were fighting.' But it has nothing to do with the car. It just needs to be more pure." Verstappen is the most outspoken, but all the drivers basically feel the same way. Antonelli said after the race that "still sometimes it triggers you a little bit how the system works". And Hamilton said: "It...

5月以来广州重点一手楼盘周认购量环比提高36.9%，二手住宅周签约量环比提高9.3%。 广州将着力构建“供应多元、布局合理、监管规范、经营稳健”的房地产发展新格局。 5月26日，广州召开《关于进一步促进房地产市场平稳健康发展的实施意见》（下称《实施意见》）系列配套文件新闻发布会。广州市政府副秘书长黄光烈在会上表示，为进一步巩固市场回稳向好态势，广州在4月30日出台《实施意见》。随着政策效应持续释放，市场活跃度不断提升。接下来，广州将持续健全住房市场和住房保障两大体系，不断优化楼市调控举措。 据黄光烈介绍，5月以来，广州全市重点一手楼盘周到访量、认购量、网签量分别环比提高26.9%、36.9%和11.4%；二手住宅周签约量环比提高9.3%，新增挂牌量同比减少16.7%。住房公积金新政落地见效，共受理贷款4484笔、金额47.46亿元，同比分别增长47.05%和56.43%。 广州某区政务服务中心不动产业务专区 摄/第一财经记者 《实施意见》多措并举稳楼市 《实施意见》从促消费、控增量、优供给、去库存、稳预期、强联动等多方面发力。当地市规自局、市住建局、市公积金中心等部门已针对用地供应、“卖旧买新”专项补贴、“商转公”等事项出台配套细则；花都区已经推出“花八条”具体举措；以广州安居集团为代表的国企，正加快启动二手房收购盘活试点工作。 《实施意见》发放总金额2亿元的“卖旧买新”专项补贴，畅通一二手住房置换链条。居民个人购买新建商品住宅的贷款总额不超过300万元的，按发放贷款总额的1%给予补贴；贷款总额达到或超过300万元，按每套新建商品住宅3万元的最高限额给予补贴。1套新建商品住宅只给予1次补贴。 此外，文件还提到“鼓励国有企业以市场化方式收购二手住宅”。广州安居集团党委副书记、总经理钱喆在会上表示，安居集团将立即启动支持居民“卖旧买新”试点工作，试行期至2026年12月31日止，按照“政府引导、市场运作、自愿参与”的原则，以市场化方式收购二手住宅。总体思路可以用三句话概括：国企出钱收旧房，居民安心换新房，资金安全有保障。 “‘卖旧买新’是有温度、有力度的民生实事，更是激活市场的交易模式创新。”据钱喆介绍，本次试点收购对象为总价在300万元人民币以内，建筑面积在70平方米以下，位于广州环城高速以内的二手住宅，楼龄不限。房产权属要清晰、无抵押查封、无安全隐患。收购后的旧房将...

Micron is the only US manufacturer of memory, and the Virginia expansion is aimed squarely at domestic industrial customers. The 1α node is designed for long-lifecycle memory applications — DDR4 and LP4 products — serving the automotive, defence and aerospace, industrial, networking and medical device sectors. Qualified production from the Manassas fab is expected by the end of 2026, according to a press release from the company. The expansion supports more than 3,100 direct manufacturing and community jobs and is backed by federal, state and local incentives. The Manassas milestone is part of Micron's broader USD 200 billion US investment plan, which also includes memory manufacturing complexes under development in Boise, Idaho — where initial wafer output is expected in mid-2027 — and Clay, New York, where ground was broken in January 2026. Combined, those projects are expected to create an estimated 90,000 jobs. "We are proud to bring advanced 1α DRAM manufacturing to American soil, strengthening domestic supply for U.S. customers and the global markets we serve," said Sanjay Mehrotra, President and CEO of Micron Technology. The Virginia expansion will run in parallel with the ramp of Micron's leading-edge memory technologies at the Idaho and New York sites, which target advanced DRAM nodes for AI infrastructure. The distinction matters: the 1α node produces DDR4, a mature technology being phased out by hyperscalers in favour of DDR5 and HBM. The strategic value here is domestic supply security for sectors where long qualification cycles and US-origin requirements matter more than raw performance — a consideration that has grown significantly in the current geopolitical climate.

Finland Flourishes As Freedom Flounders In The 'Land Of The Free' Global freedom declined for the 20th consecutive year in 2025, according to Freedom House. More than 50 countries saw political rights and civil liberties deteriorate, including the United States. This graphic, via Visual Capitalist's Gabriel Cohen , ranks the world’s most and least free countries using Freedom House’s 2026 Freedom in the World report, which evaluates political rights and civil liberties across 195 countries and territories. Finland topped the rankings with a perfect score of 100, followed by New Zealand, Norway, and Sweden at 99. Meanwhile, South Sudan scored 0, the lowest possible rating, highlighting the widening divide between the world’s strongest democracies and most repressive regimes. Why Europe Dominates the Freedom Rankings Europe accounts for most of the world’s highest-scoring countries, led by the Nordics and Western Europe. Strong electoral systems, independent courts, press freedom, and protections for civil liberties helped countries like Finland, Sweden, Germany, and the Netherlands rank near the top globally. There are two European outliers with low scores out of 100: Belarus (7) and Russia (12). Both are run by repressive autocratic regimes that have been in power for over two decades. The two Eastern European countries feature neither press independence nor free and fair elections, and rank among the least free countries worldwide. The below data table shows the countries with the highest freedom scores in 2025: Outside of Europe, the world’s freest countries include New Zealand (99), Canada and Uruguay (97), and Japan (96). Within each of these countries, robust civil society and independent journalism help keep elected officials accountable, while political transitions are handled without fear of violence. The Decline of the U.S. Alongside Bulgaria and Italy, the United States had one of the steepest declines in its score in 2025 among countries classified as Fre...

受伊朗冲突引发的能源冲击影响，原本刚出现复苏苗头的实际工资再度承压，越来越多发达国家劳动者的薪资购买力正随物价上涨而缩水。 霍尔木兹海峡停运导致汽油、机票价格大幅飙升，英国、美国等多地民众的生活开支随之承压。 美国4月年化通胀率攀升至3.8%，而时薪同比仅增长3.6%，这是两年来物价涨幅首次超过薪资涨幅。 毕马威美国首席经济学家黛安・斯旺克表示：“即便海峡明日恢复通航，这场冲突仍会扰乱供应链，推动物价进一步走高。” 英国劳动者也面临同样困境。截至3月的三个月里，不计奖金的实际平均薪资同比仅微增0.1%。在就业市场持续低迷、通胀逐步抬头的背景下，未来数月英国实际薪资将彻底转为负增长。 欧元区劳动者此前好不容易挽回了2022年通胀冲击造成的收入损失，如今这场能源危机再度让他们遭遇挫折。 近期各方加紧开展外交斡旋，以求化解中东冲突，但实际工资下行压力依旧存在。周一，伊朗首席谈判代表前往多哈，在调停方推动下敲定和平协议最终条款，协议内容包括逐步重新开放霍尔木兹海峡。 泛欧宏观咨询机构潘泰恩宏观经济研究所的克劳斯・维斯特森预测，2026年欧元区整体实际工资增速将趋近于零。他还称，法国等缺乏财政缓冲空间、无法为民众提供补贴的国家，实际薪资目前已大幅缩水。 劳动者收入承压，令政策制定者面临两大隐忧。其一，家庭会收紧开支，进一步放大冲突对经济增长的冲击；而需求走弱又会迫使企业裁员。 其二，劳动者若成功推动薪资上涨，即便能源价格回落，通胀也可能长期居高不下。 摩根大通 美国首席经济学家迈克尔・费罗利认为，此番实际工资缩水根源在于中东冲突。因此一旦霍尔木兹海峡恢复通航、能源价格回落，“实际工资有望重回增长轨道”。 但斯旺克表示， 高通 胀会挤压企业利润空间、抑制招聘，并补充道：“持续的通胀压力，最终会演变为劳动力市场难题。” 责任编辑：江学思

5月26日，上海推出全国首个网络餐饮电子证照核验应用，构筑从商户申请到平台亮证的“申请-比对-授权-亮证”全套数字化管理闭环，旨在对“幽灵外卖”实现源头治理。经市场监管总局同意，上海市市场监管局依托电子营业执照系统，在全国首创试点，通过打通监管部门、平台与商户间的数据壁垒，构建起“真人、真证、真店”的可信核验机制。相较于以往政府单向供数、平台人工比对、问题事后处置的传统管理模式，此次改革通过构建政企数据交互、双向比对、协同共治的机制，将平台从被动的“接单审核者”转变为主动的“共治责任人”。（央视新闻）

近日，比亚迪公司一行到访惠丰钻石考察交流，就深化2020年成立的联合实验室及金刚石导热材料的研发与产业化应用达成深度合作意向。双方将依托联合实验室，重点开展金刚石导热应用研究、高可靠性封装工艺开发、新型电子材料升级等合作。双方在会谈中深入交流，合作项目有望年内完成中试线建设，实现量产配套。未来双方还将继续探索更多的新材料延伸应用场景，构建更多的跨界创新生态。（人民财讯）

Source: Bloomberg, 0:00

For about 50 years, sending money across borders has meant going through SWIFT—the network behind roughly 11,500 banks. It was never fast and it was never cheap, but for moving trillions of dollars between countries every year, it was the only game in town. Then Ripple (CRYPTO: XRP) showed up promising to replace it, and ... Ripple vs SWIFT vs Visa: The Quiet Battle Over Cross-Border Payments

成都一洗涤企业被曝布草混洗 涉事企业已停业接受调查 2026-05-26 14:40:54 来源： 同花顺7x24快讯 分享 记者26日从成都市龙泉驿区商务局获悉，该局已组织区市场监管局、区卫健局等部门开展调查核实，检查发现现场存在管理不规范等问题，涉事企业现已暂停营业接受调查。据悉，下一步，成都市龙泉驿区将根据调查核实情况依法依规严肃处理，同时将会同相关部门加强对洗涤企业的监督检查。(新华社)

Elbit Systems ( ESLT ) has been awarded a contract valued at approximately $1.4B by a European customer for extensive military modernization programs, it said on Tuesday. The contract will be performed over a period of five years. The modernized programs will provide improved maneuverability and survivability, spanning the entire battle domain. "This contract reflects the breadth and attractiveness of Elbit Systems’ defense portfolio, as well as our ability to deliver both highly capable, best in class systems and comprehensive, integrated solutions tailored to evolving operational needs," Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems ( ESLT ) said. More on Elbit Systems Elbit Systems: War Premium Builds, But Capacity Caps The Upside Elbit Systems Execution Remains Strong But Expectations Run High Elbit Systems Ltd. (ESLT) Q4 2025 Earnings Call Transcript Elbit Systems Q1 2026 Earnings Preview Elbit wins $212M U.S. Army order for enhanced night vision goggles

格隆汇5月26日｜东吴证券研报指出，林洋能源战略转型阵痛，2026年有望反转。2025年，受电站销售收入阶段性下降、国内储能业务主动收缩及光伏制造盈利承压影响，公司营收48.8亿元，同比-27.7%，归母净利润2.4亿元，同比-67.6%，毛利率28.5%，同比-1pct，业绩处于转型调整期。26Q1归母净利润0.6亿元，同比-51.3%、环比扭亏。电站、储能业务转型阶段性承压，部分BT项目预计26年确收。智能电网基本盘稳固、储能全球化加速布局、新能源轻资产转型见效。考虑行业政策变化，竞争加剧，下调2026-2027年归母净利润预期至8/10亿元（26-27年前值10/11亿元），新增2028年预期12亿元，同比+221%/+28%/+19%。考虑公司智能电表及稳健增长，以及储能海外扩张有望贡献业绩弹性，维持“买入”评级。

Daniel Grizelj/DigitalVision via Getty Images Investment Approach Fidelity® Balanced Fund invests across a mix of stocks and bonds – with a 60%/40% neutral allocation – in seeking income and capital growth. The fund is managed by multiple portfolio managers, with each member dedicated to a particular asset class or market segment, plus a lead manager responsible for determining the appropriate asset allocation, general team oversight, cash management and risk monitoring. The equity subportfolio is largely sector-neutral and run by a team of sector-focused managers who look to add value through active stock selection. The investment-grade bond strategy seeks outperformance through sector and security selection and yield-curve positioning. The fund also has a dedicated high-yield bond portfolio, considered out-of-benchmark. Focused sector and asset class expertise, supported by our deep research infrastructure, is combined with disciplined portfolio construction to provide investment-process consistency in seeking to deliver attractive risk-adjusted returns over time. Market Review U.S. stocks returned -4.33% in the first quarter, according to the S&P 500® index, as concern about the viability of artificial intelligence-related investments began to surface and conflict in the Middle East took center stage in late February, sapping a stock market that entered 2026 with strong momentum. The Iran war sent a shockwave through oil markets, with the potential to dampen growth and stoke inflation. Against this backdrop, growth stocks widely lagged value in Q1, while small caps topped large caps. This environment was in stark contrast to the one underpinning the historically fast rally that began in early April 2025, when U.S. equities were supported by strong corporate fundamentals, a resilient economy, an ongoing boom in spending on AI, and beginning in September, the Federal Reserve's first interest-rate reductions since December 2024. As 2026 began, investors expected the...

格隆汇5月26日｜韩国综合指数盘中一度涨3.61%报8131.15点，再创历史新高；最终收涨2.55%，报8047.51点，创收盘历史新高，年内累计涨幅达90.96%，继续牛冠全球。其中，SK海力士收涨5.7%创历史新高，年内累涨215%；三星电子收涨超2%，年内累涨149%。

台州市智联低空综合服务公司登记成立 2026-05-26 14:39:32 来源： 同花顺7x24快讯 分享 企查查APP显示，近日，台州市智联低空综合服务有限公司成立，经营范围包含：通用航空服务；民用航空器驾驶员培训；民用航空器维修；飞行训练；民用航空器(发动机、螺旋桨)生产等。企查查股权穿透显示，该公司由台州市宏途数字科技集团有限公司等共同持股。(人民财讯)

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Microsoft Corporation stock remains in focus after the latest quarterly dividend timeline and ongoing AI expansion keep the software giant in the spotlight, even as the share price has recently come off its highs. Microsoft Corporation stock remains a core focus for global investors after the software group moved past its most recent quarterly ex-dividend date and continues to be discussed as a key player in the ongoing artificial-intelligence build?out. The last ex?dividend date for Microsoft was May 21, 2026, according to Stock Analysis as of 05/23/2026. At the same time, the shares trade below their 2026 highs but still reflect a market capitalization above three trillion US dollars, as shown by CompaniesMarketCap as of 05/24/2026. As of: 26.05.2026 By the editorial team – specialized in equity coverage. At a glance Name: Microsoft Microsoft Sector/industry: Software and cloud computing Software and cloud computing Headquarters/country: Redmond, United States Redmond, United States Core markets: Global enterprise IT, productivity software, cloud and gaming Global enterprise IT, productivity software, cloud and gaming Key revenue drivers: Cloud services, productivity software, operating systems Cloud services, productivity software, operating systems Home exchange/listing venue: Nasdaq (ticker: MSFT) Nasdaq (ticker: MSFT) Trading currency: US dollar (USD) Microsoft Corporation: core business model Microsoft is one of the largest global software and cloud providers, with activities that span operating systems, productivity applications, infrastructure?as?a?service, platform?as?a?service and business applications. The group’s long?standing Windows and Office franchises still underpin much of its profitability, while newer segments such as Azure cloud services and security solutions contribute an increasing share of revenue. According to the company’s recent filings, the business is structured into segments often described as Productivity and Business Processes, Inte...

中芯國際(00981)出現大手買入8.25萬股，成交價$85.45，涉資704.962萬 AASTOCKS.com

2022年ChatGPT问世，足以证明人工智能聊天机器人能迅速抓住广大消费者的兴趣。 对 苹果 而言，打造一款真正智能、交互流畅的语音助手，依托AI模型在设备上完成各类操作，有望刺激消费者更换新款iPhone。 但研发这类产品，并非苹果传统硬件优势所在。一名前高管表示：“苹果在此领域存在短板。我完全相信，单论硬件，他们能打造出外观出众、品质顶尖的产品，可如今竞争的核心已然变成设备的‘大脑’。” 一位曾参与Siri升级工作的前员工补充道：“归根结底，苹果是一家顶尖硬件企业，其软件产品只能算差强人意。” 该人士称，苹果目前并不具备竞品手中的前沿AI模型。同时，公司坚守隐私保护原则，无法挖掘关键用户数据来训练模型。今年年初，苹果与 谷歌 达成合作，将谷歌的Gemini模型作为其高阶AI功能的技术底座。 AI模型评测开放平台Arena的总裁阿纳斯塔西奥斯・安杰洛普洛斯解释道：想要打造可在iPhone这类设备本地运行的小型模型，必须先从大型模型入手。“先采用前沿大模型，再逐步进行模型蒸馏，最终得到参数量30亿级别的小型模型，且性能与原版大模型相差无几。” 如今接手苹果AI团队的特尔努斯，面临着激烈的行业竞争，这支团队和设计团队一样，人才流失问题十分严重。公司首席软件界面设计师艾伦・戴也已于去年12月离职。 Mate与OpenAI研究中心是挖角人才最积极的两家企业。二者正发力打造AI消费硬件，与苹果正面竞争，并志在全面掌控人工智能生态——这正是史蒂夫・乔布斯早年开创的经营理念。 苹果全球开发者大会将于6月8日举办，库克届时将推出屡次推迟的AI版Siri。他此举的部分考量，是为特尔努斯准备一款重磅AI功能，配合定于9月发布的折叠屏iPhone一同亮相。 不过 摩根士丹利 分析师伍德里奇认为，由于苹果选择与谷歌合作，Siri的AI能力将极大受制Gemini模型的上限。“如今问题的核心已不再是‘你是否拥有支撑AI布局的自研模型’。” 伍德里奇还表示，苹果需要为这款AI语音助手打造一到三项核心实用功能，吸引力必须足够强，才能促使老用户换新机。苹果的长期目标是探索清晰路径，效仿iCloud的盈利模式，依托AI软件开辟新收入来源。 即将卸任的库克也为继任者铺路，允许其在人才招揽与AI研发上加大投入。苹果目前已在扩充人员规模，且于上月放弃了长期坚持的现金与债务平衡策略。截至今年3月的财年，公...