????:1???????:????9598?

2?????????

3???????????

4????????

5????????

2??13????,???????????????????(“????????”,????:08220.HK)???,?????(??)??????????(“?”)??????(“?????????????????????????????????????????????”,???????????????:002517.SZ)??“???”??AI??????(??????“????”),????????????(“????????”)?????????????????????,????????????????????????????AI?,???????????????????AI??????,??????????????????????IP+AI????,????????

??,????“?????????”???????AI??,???????“???”???????????????????????????????,??????????1?????????,?????????AI??????????????????????55%????????????,??????????“?????”??????????????,??????????????????????????,?????AI????(AIGC)???????????????????,??????????????

????????????????????,??????,????????,????????,??,???AI??IP+AI???

??,?????,????????????,?????????????????,???

???????????AI???,?????????????,?????????,AI???????????????????????????????,DeepSeek??,???AI?????????????????????,AI????????????????????,DeepSeek?????????????????????????,????AI????,???????,??????????????AI???????,??,?????????“AI+????”??

????????,????????????,??????????????AI?????????????“???????”????????????????????????????AI????????????,?????????????????????,????????????????????,??????????,?????????,?????????????Transformer????,??????????????,???????????????????????,????,???

??IP??,???????????????«?????????»???«???????????»??????????????????,????IP???IP???,???????????????IP«OVERLORD»«??»«BLEACH?????»,??IP«??????»«???»«?????????????RO»,????????????IP«??»«??????????????????»,??????????IP«????»«??????»«???»????«???»????????IP????????,???????????,?????,????????????IP????,????,???IP????????????????????,????,????????????IP???????????AI??????????????

???????,???????????????,????????????,?????????????AI?????,??,??,???????????AI??????????,?????????????AI??????(???) ??????????:?????