互联网数据跟踪周报：OpenAI正式发布GPT-5.2

　　摘要：

　　Chatbot：多个重磅模型迎来更新。据Sensor Tower，上周（1208~1214）ChatGPT/Gemini/Grok/DeepSeek/豆包/腾讯元宝/Kimi/通义/文小言/智谱清言周度下载量环比-10.7%/+0.7%/+3.0%/-0.8%/-0.4%/+1.7%/+10.2%/-12.5%/+6.3%/+16.2%，WAU环比+1.0%/+1.1%/+1.8%/-0.5%/+0.9%/+3.3%/+1.8%/+3.1%/-1.4%/-0.6%，用户每日时长环比-0.1%/+0.9%/-2.8%/-0.1%/+2.1%/-0.5%/-2.3%/-1.5%/+2.1%/+1.4%。12月8号，腾讯发布混元大模型2.0，包含Think与Instruct两个版本，采用混合专家架构，总参数406B，支持256K上下文窗口，在数学、科学、代码等复杂推理任务上表现优异；通过优化训练策略，模型在保持高准确率的同时显著降低思维链长度，推理效率领先。12月9号，智谱AI宣布开源AutoGLM项目，，使AI能通过视觉理解手机界面并完成点击、滑动等操作，实现从外卖下单到批量处理通知等自动化任务。12月11号，阿里巴巴发布Qwen3-Omni-Flash，支持文本、图像、音视频的无缝输入与实时流式输出，显著提升了多轮对话的稳定性与语音生成的自然度。12月12号，OpenAI发布GPT-5.2模型，推出Instant、Thinking、Pro三个版本，分别针对常规任务、复杂推理和高精度需求；模型在多项基准测试中表现突出，在GDPval知识工作任务评估中首次达到或超越人类专家水平，软件工程能力创下55.6%的新纪录，幻觉率降低约30%。

　　文生多模态：产业进程持续加速。据Sensor Tower，上周可灵AI/即梦AI/Hailuo AI/RunwayML/Wink/美图设计室周度下载量环比-0.2%/-3.3%/+56.2%/-1.4%/+12.5%/-10.7%，WAU环比+2.6%/-2.1%/+5.7%/+0.3%/+1.2%/-3.1%，用户每日时长环比+0.0%/-2.2%/+1.3%/+0.0%/+2.4%/+0.6%，周度收入环比+7.5%/+1.6%/+3.0%/-4.9%/-0.5%/+27.0%。12月8号，智谱AI正式上线并开源GLM-4.6V系列大模型，原生支持基于视觉输入自主调用工具，可处理图文混排、识图购物等复杂任务。同日，美团发布并开源LongCat-Image图像生成模型，采用同源架构与渐进学习，在图像编辑可控性上达到开源SOTA；通过课程学习与字符级编码，显著提升中文文字生成的覆盖度与精准度；结合数据筛选与对抗训练，增强图像真实感。

　　电商&本地生活：竞争趋于常态化。据Sensor Tower，上周淘宝/京东/拼多多/天猫/点淘/咸鱼周度下载量环比-0.5%/+4.9%/+4.0%/+8.7%/+41.4%/-1.3%，WAU环比分别+0.1%/+2.1%/+1.4%/+6.4%/+5.8%/-0.7%，用户每日时长环比分别+0.4%/-0.7%/-0.3%/-3.7%/-1.1%/+0.2%。另外，上周美团/大众点评/饿了么/京东到家/高德地图/百度地图/滴滴出行/曹操出行/大麦周度下载量环比-1.0%/-5.5%/-4.2%/+4.3%/-2.3%/-1.5%/-10.7%/+5.6%/-24.3%，WAU环比-1.1%/-0.8%/-3.1%/+0.2%/+0.0%/-3.6%/-0.1%/-0.1%/-3.4%，用户每日时长环比分别+3.8%/+3.5%/+1.5%/-1.2%/-2.0%/-2.3%/+1.1%/-1.2%/+4.4%。

　　视频：流量自然分化。据Sensor Tower，上周抖音/快手/红果短剧/哔哩哔哩/爱奇艺/腾讯视频/优酷视频周度下载量环比-2.6%/+0.8%/+0.6%/-7.2%/+23.9%/+19.4%/+16.4%，WAU环比+0.1%/-1.0%/+0.6%/-2.1%/+4.8%/+1.9%/+3.8%，用户每日时长环比+0.8%/-0.1%/+1.7%/+2.1%/+4.3%/+6.4%/+13.7%。

　　风险提示：地缘政治风险、汇率风险、流动性风险。

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东吴证券国际经纪 陈睿彬