<p>今年初，围绕着 <strong>苹果</strong>（纳斯达克股票代码：<strong>AAPL</strong>）及其人工智能战略（或缺乏战略）存在着很多不确定性。随着上半年的结束，投资者现在更加了解苹果在人工智能时代的发展方向。事实上，总部位于库比蒂诺的创新者正在追求一种不仅实用和应用广泛，而且安全和私密的智能（请注意缺少 “人工” 一词）。或许，缓慢而审慎的方法可能是一种卓越之举。</p>
<p>目前，苹果选择与 <strong>OpenAI</strong> 合作，将 ChatGPT 整合到苹果智能中。未来，苹果用户可能会有多个大型语言模型（LLM）可供选择。</p>
<p>在中国，作为苹果的一个重要市场，今年晚些时候不会推出由 ChatGPT 驱动的 iOS 18。据《华尔街日报》报道，苹果正寻求与一家中国人工智能公司合作，为中国使用 iPhone 的公众带来本地化的 LLM。这些都是苹果可能希望达成交易的三个强大候选公司。</p>
<h2>百度（BIDU）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png"/></p>
<p><strong>百度</strong>（纳斯达克股票代码：<strong>BIDU</strong>）将是一个出色的中国互联网公司，可以与苹果合作，将人工智能带给中国大众。该公司的 Ernie 机器人类似于 ChatGPT，但有一个显著区别：它经过训练以符合中国网络管理局的规定。毫无疑问，拥有一个遵守中国监管机构规则的 LLM 至关重要。如果一个人工智能模型不遵守规定，很容易被关闭，背后的公司可能会受到严厉处罚。</p>
<p>毫无疑问，高度的监管风险使得苹果发布内部 LLM 变得非常危险。好消息是，与百度这样的第三方合作可以大大减轻这种风险。</p>
<p>除了 Ernie 人工智能的智能外，BIDU 股票似乎正在以 11.8 倍的市盈率进行交易，价格折让很大。即使百度未能与苹果达成交易，其最新版本的 Ernie（4.0 Turbo）可能具有巨大的成功潜力。它已经拥有 3 亿用户。</p>
<h2>阿里巴巴（BABA）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>图片来源：Nopparat Khokthong / Shutterstock.com</p>
<p>与百度类似，<strong>阿里巴巴</strong>（纳斯达克股票代码：<strong>BABA</strong>）是一家迷失方向的中国科技公司。在市值蒸发超过 75% 后，BABA 股票看起来被严重低估，对于寻求从人工智能和电子商务中获得增长的投资者来说是深度价值。以 17.1 倍的市盈率，BABA 也比美国市场上的可比公司便宜得多。</p>
<p>通过在不同产品中整合人工智能的经验，或许阿里巴巴是与 iPhone 制造商合作的一个强有力候选。令人印象深刻的不仅是阿里巴巴的 LLM——同一谦文，还有该公司将人工智能量身定制到特定应用程序的能力，这可能会使由阿里巴巴驱动的苹果智能体验更加愉快。</p>
<p>毫无疑问，与苹果达成交易对股票将意味着奇迹。然而，阿里巴巴需要证明自己优于竞争对手。该公司已经表明，对人工智能全力以赴，拥有自己的模型、整合以及对其他人工智能初创公司的投资，包括北京的百川人工智能。让我们不要忘记阿里巴巴令人印象深刻的云计算专业知识，这很可能会成为苹果看重的资产。</p>
<h2>腾讯控股（TCEHY）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>图片来源：StreetVJ / Shutterstock.com</p>
<p><strong>腾讯控股</strong>（美国场外交易股票代码：<strong>TCEHY</strong>）是另一家互联网巨头，致力于押注中国的人工智能未来。与阿里巴巴一样，腾讯还帮助资助了百川人工智能，这家公司可能拥有中国人工智能领域的佼佼者。</p>
<p>腾讯的智能网络 Xingmai 可能会在苹果最终决定时让腾讯脱颖而出。当然，只有时间会告诉我们哪家人工智能公司赢得了在下一代支持人工智能的中国 iPhone、iPad 和 Vision Pro 中的位置。</p>
<p>持有这支股票的主要原因必须是令人印象深刻的视频游戏业务。尽管腾讯必须遵守中国监管机构的规定，但我欣赏该公司在其引人入胜的移动游戏标题中进行互动和变现的能力。以 29.4 倍的市盈率，也许 TCEHY 股票是长期持有的最佳全能中国股票。</p>
<p>_在发布日期，Joey Frenette 持有 AAPL 的多头头寸。本文表达的观点属于作者个人，遵循 InvestorPlace.com 的发布指南。</p>
<p>_在发布日期，负责编辑持有 AAPL 的多头头寸。</p>
<p>Joey Frenette 是一位经验丰富的投资作家，专注于技术和消费类股票。为加拿大 Motley Fool、TipRanks 和 Barchart 做出贡献，Joey 擅长发现在快节奏市场中具有长期增长潜力的被错低估的股票。</p>

百度-SW

阿里巴巴

腾讯控股(ADR)

<p>苹果正在与中国人工智能公司合作，填补中国市场的人工智能差距。百度、阿里巴巴和腾讯是潜在的合作伙伴。这些公司提供符合中国法规的人工智能模型，并具有成功的潜力。这种合作对苹果和中国公司都可能是有益的</p>

<p>There was a great deal of uncertainty surrounding <strong>Apple</strong> (NASDAQ: <strong>AAPL</strong>) and its AI strategy (or lack of one) entering this year. With the first half now over, investors now have more understanding of where Apple is headed in the AI age. Indeed, the Cupertino-based innovator is shooting for intelligence (note the lack of “artificial”) that’s not only useful and applied, but safe and private. Indeed, perhaps a slow and deliberate approach could be a strike of brilliance.</p>
<div class="lb-trans"><p>今年初，围绕着 <strong>苹果</strong>（纳斯达克股票代码：<strong>AAPL</strong>）及其人工智能战略（或缺乏战略）存在着很多不确定性。随着上半年的结束，投资者现在更加了解苹果在人工智能时代的发展方向。事实上，总部位于库比蒂诺的创新者正在追求一种不仅实用和应用广泛，而且安全和私密的智能（请注意缺少 “人工” 一词）。或许，缓慢而审慎的方法可能是一种卓越之举。</p>
</div><p>For now, Apple has chosen to partner with <strong>OpenAI</strong> to integrate ChatGPT into Apple Intelligence. In the future, Apple users will likely have more than one large language model (LLM) to pick from.</p>
<div class="lb-trans"><p>目前，苹果选择与 <strong>OpenAI</strong> 合作，将 ChatGPT 整合到苹果智能中。未来，苹果用户可能会有多个大型语言模型（LLM）可供选择。</p>
</div><p>In China, a huge market for Apple, there won’t be a ChatGPT-powered iOS 18 coming later this year. According to the <em>Wall Street Journal</em>, Apple is looking to pair up with a Chinese AI firm to bring a local LLM to the Chinese iPhone-using public. These are three powerful candidates with whom Apple may wish to strike a deal.</p>
<div class="lb-trans"><p>在中国，作为苹果的一个重要市场，今年晚些时候不会推出由 ChatGPT 驱动的 iOS 18。据《华尔街日报》报道，苹果正寻求与一家中国人工智能公司合作，为中国使用 iPhone 的公众带来本地化的 LLM。这些都是苹果可能希望达成交易的三个强大候选公司。</p>
</div><h2>Baidu (BIDU)</h2>
<div class="lb-trans"><h2>百度（BIDU）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png" alt="" original-src="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png"/></p>
<p><strong>Baidu</strong> (NASDAQ: <strong>BIDU</strong>) would be an excellent Chinese internet firm to partner to bring AI to the Chinese masses. The company’s Ernie bot is comparable to ChatGPT but has one notable difference: it’s trained to comply with the Cyberspace Administration of China. Undoubtedly, having an LLM that plays by the rules of Chinese regulators is paramount. If an AI model doesn’t play by their rules, it could easily get shut down, and the firm behind the model could receive stiff fines.</p>
<div class="lb-trans"><p><strong>百度</strong>（纳斯达克股票代码：<strong>BIDU</strong>）将是一个出色的中国互联网公司，可以与苹果合作，将人工智能带给中国大众。该公司的 Ernie 机器人类似于 ChatGPT，但有一个显著区别：它经过训练以符合中国网络管理局的规定。毫无疑问，拥有一个遵守中国监管机构规则的 LLM 至关重要。如果一个人工智能模型不遵守规定，很容易被关闭，背后的公司可能会受到严厉处罚。</p>
</div><p>Undoubtedly, the high degree of regulatory risk makes releasing an in-house LLM so risky for Apple. The good news is that teaming up with a third party like Baidu would offshore a great deal of that risk.</p>
<div class="lb-trans"><p>毫无疑问，高度的监管风险使得苹果发布内部 LLM 变得非常危险。好消息是，与百度这样的第三方合作可以大大减轻这种风险。</p>
</div><p>Apart from Ernie AI’s smarts, BIDU stock looks to be trading at a fat discount with a trailing price-to-earnings ratio of 11.8x. Even if Baidu doesn’t win a deal with Apple, its latest version of Ernie (4.0 Turbo) could have the potential to be a profound success. It already has 300 million users.</p>
<div class="lb-trans"><p>除了 Ernie 人工智能的智能外，BIDU 股票似乎正在以 11.8 倍的市盈率进行交易，价格折让很大。即使百度未能与苹果达成交易，其最新版本的 Ernie（4.0 Turbo）可能具有巨大的成功潜力。它已经拥有 3 亿用户。</p>
</div><h2>Alibaba (BABA)</h2>
<div class="lb-trans"><h2>阿里巴巴（BABA）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Nopparat Khokthong / Shutterstock.com</p>
<div class="lb-trans"><p>图片来源：Nopparat Khokthong / Shutterstock.com</p>
</div><p>Like Baidu, <strong>Alibaba</strong> (NASDAQ: <strong>BABA</strong>) is a Chinese tech company that’s lost its way. After having shed more than 75% of its value, BABA stock looks severely undervalued deep-value for investors seeking growth from AI and e-commerce. With a P/E of 17.1, BABA is also much cheaper than comparable firms in the U.S. market.</p>
<div class="lb-trans"><p>与百度类似，<strong>阿里巴巴</strong>（纳斯达克股票代码：<strong>BABA</strong>）是一家迷失方向的中国科技公司。在市值蒸发超过 75% 后，BABA 股票看起来被严重低估，对于寻求从人工智能和电子商务中获得增长的投资者来说是深度价值。以 17.1 倍的市盈率，BABA 也比美国市场上的可比公司便宜得多。</p>
</div><p>With experience integrating AI across different products, perhaps Alibaba is a strong candidate to team up with the iPhone maker. It’s not just Alibaba’s LLM, Tongyi Qianwen, that’s impressive, but the firm’s ability to tailor AI to specific applications that may make an Alibaba-powered Apple Intelligence experience that much more delightful.</p>
<div class="lb-trans"><p>通过在不同产品中整合人工智能的经验，或许阿里巴巴是与 iPhone 制造商合作的一个强有力候选。令人印象深刻的不仅是阿里巴巴的 LLM——同一谦文，还有该公司将人工智能量身定制到特定应用程序的能力，这可能会使由阿里巴巴驱动的苹果智能体验更加愉快。</p>
</div><p>Undoubtedly, a deal with Apple would mean wonders for the stock. However, Alibaba needs to prove it’s a cut above rivals. The company has shown it’s “all-in” on AI, with its own models, integrations, and investment in other AI startups, including Beijing’s Baichuan AI. And let’s not forget about Alibaba’s impressive cloud expertise, which would likely be an asset in Apple’s eyes.</p>
<div class="lb-trans"><p>毫无疑问，与苹果达成交易对股票将意味着奇迹。然而，阿里巴巴需要证明自己优于竞争对手。该公司已经表明，对人工智能全力以赴，拥有自己的模型、整合以及对其他人工智能初创公司的投资，包括北京的百川人工智能。让我们不要忘记阿里巴巴令人印象深刻的云计算专业知识，这很可能会成为苹果看重的资产。</p>
</div><h2>Tencent Holdings (TCEHY)</h2>
<div class="lb-trans"><h2>腾讯控股（TCEHY）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: StreetVJ / Shutterstock.com</p>
<div class="lb-trans"><p>图片来源：StreetVJ / Shutterstock.com</p>
</div><p><strong>Tencent Holdings</strong> (OTCMKTS: <strong>TCEHY</strong>) is another internet juggernaut looking to place big bets on China’s AI future. Like Alibaba, Tencent also helped fund Baichuan AI, a firm that may have the Chinese AI model to beat.</p>
<div class="lb-trans"><p><strong>腾讯控股</strong>（美国场外交易股票代码：<strong>TCEHY</strong>）是另一家互联网巨头，致力于押注中国的人工智能未来。与阿里巴巴一样，腾讯还帮助资助了百川人工智能，这家公司可能拥有中国人工智能领域的佼佼者。</p>
</div><p>Tencent’s intelligent network, Xingmai, may set Tencent apart from the pack when Apple finally decides. Of course, only time will tell which AI firm wins the right to be in the next generation of AI-enabled Chinese iPhones, iPads, and Vision Pros.</p>
<div class="lb-trans"><p>腾讯的智能网络 Xingmai 可能会在苹果最终决定时让腾讯脱颖而出。当然，只有时间会告诉我们哪家人工智能公司赢得了在下一代支持人工智能的中国 iPhone、iPad 和 Vision Pro 中的位置。</p>
</div><p>The main reason for owning the stock has to be the impressive video-gaming exposure. Though Tencent must play within Chinese regulators’ rules, I appreciate the company’s ability to engage and monetize with its intriguing mobile gaming titles. At 29.4x trailing P/E, perhaps TCEHY stock is the best all-around Chinese stock to hold for the long haul.</p>
<div class="lb-trans"><p>持有这支股票的主要原因必须是令人印象深刻的视频游戏业务。尽管腾讯必须遵守中国监管机构的规定，但我欣赏该公司在其引人入胜的移动游戏标题中进行互动和变现的能力。以 29.4 倍的市盈率，也许 TCEHY 股票是长期持有的最佳全能中国股票。</p>
</div><p><em>On the date of publication, Joey Frenette held a LONG position in AAPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com</em> <em>Publishing Guidelines</em> <em>.</em></p>
<div class="lb-trans"><p>_在发布日期，Joey Frenette 持有 AAPL 的多头头寸。本文表达的观点属于作者个人，遵循 InvestorPlace.com 的发布指南。</p>
</div><p><em>On the date of publication, the responsible editor held a LONG position in AAPL.</em></p>
<div class="lb-trans"><p>_在发布日期，负责编辑持有 AAPL 的多头头寸。</p>
</div><p>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</p>
<div class="lb-trans"><p>Joey Frenette 是一位经验丰富的投资作家，专注于技术和消费类股票。为加拿大 Motley Fool、TipRanks 和 Barchart 做出贡献，Joey 擅长发现在快节奏市场中具有长期增长潜力的被错低估的股票。</p>
</div>

Apple’s AI Dilemma: 3 Chinese Stocks That Could Fill the Gap

- 苹果（NASDAQ:AAPL）在人工智能战略方面存在很多不确定性，但现在投资者对苹果在人工智能时代的发展方向有了更多了解。
- 苹果选择与 OpenAI 合作，将 ChatGPT 整合到苹果智能中，未来苹果用户可能会有多个大型语言模型（LLM）可供选择。
- 在中国市场，苹果不会推出由 ChatGPT 驱动的 iOS 18，而是计划与中国人工智能公司合作，为中国 iPhone 用户带来本地 LLM。

苹果的 AI 困境：3 只可能填补这一空缺的中国股票