出品｜虎嗅黄青春频道 作者｜商业消费主笔 黄青春 题图｜视觉中国 一个隐秘的新趋势正在小红书风靡。 虎嗅发现，近期，Ask me anything（下简称 AMA）玩法正成为小红书热议的"新风潮"——许多 AI 学术圈大佬、知名 AI 创业者、大模型负责人纷纷在小红 书上发起"Ask me anything"笔记，邀请用户向自己不设限提问，并积极在评论区互动、对话。 往前回溯，这一趋势始于 9 月开学季，小红书突然成为 AI 前沿技术的"接头基地"。 截至目前，十余位 AI 领域有影响力及知名度的创业者相继入驻小红书，包括零一万物创始人李开复、面壁智能联创刘知远、千里科技及旷视创始人印奇、 维他动力创始人兼 CEO 余轶南、测测创始人任永亮等。 虽然，这股趋势兴起时也有运营痕迹，但这些 AI 明星"找到组织"后一点不怯场，积极以 AMA 形式与网友互动，"AI 引路人"的话题丝滑融入了日常 UGC 的讨论场域。 甚至，一些专业机构、互联网企业研究院负责人也闻讯而来，跳入了这场大讨论，如上海人工智能实验室领军青年科学家 大模型中心负责人陈恺、腾讯混 元 Principal 科学家，前 DeepMind RL 成 ...

行业与公司 * 本次电话会议记录涉及Zeta公司对Marigold企业软件业务的收购[5] * 行业背景为营销技术（MarTech）和客户互动软件[7][13] 核心观点与论据 **战略契合与收购理由** * 收购推进了公司战略的三个杠杆：扩大企业规模（增加超过100家全球企业品牌，包括20家北美前100大广告主和40多家财富500强公司）[5]、用例扩展（增加规模化忠诚度业务）以及全球覆盖（增强在EMEA地区的业务）[5][6] * 收购的业务高度依赖订阅模式（收入超过90%为订阅制），成本收入比低于30%，并预计在第一年即对调整后税息折旧及摊销前利润和自由现金流产生增值效应[6] * 交易价格代表对收购业务收入的倍数低于2倍，对调整后税息折旧及摊销前利润的倍数低于10倍[10] * 收购将Zeta的经常性收入基础从约50%提升至近60%[18] **产品整合与技术协同** * 计划在12个月内完成全面整合，首要任务是客户连续性[9] * 将Zeta的数据基础（专有数据云、稳健数据模型、实时连接器）与Marigold的忠诚度和消息传递产品相结合，以提升个性化、扩展跨渠道能力并降低总拥有成本[13] * Marigold的应用程序此前缺乏原生客户数据平台，Zeta将提供企业数据基础、持久身份标识和实时信号以扩展规模和精度[13][22] * 整合将分阶段进行，初始阶段（90-180天）重点整合客户数据平台和数据云能力，预计12个月内完成全面整合[25][52] **客户与市场机会** * Marigold的客户群主要专注于留存用例，为公司提供了通过OneZeta模式向其交叉销售获客和变现用例的显著机会[14][24] * 历史上，当企业采用第二和第三个用例时，单客户收入随时间推移会增加2到4倍[14] * 收购增强了公司在EMEA地区（约35%收入来源）的业务，并提供了进入APAC市场的机会[11][31] * 公司计划将Marigold的忠诚度产品交叉销售给其现有的567家规模化企业客户[11][27] **财务细节与预期** * 收购总对价为3.25亿美元，需根据调整项调整[17] * 收购预计在2025年第四季度末完成[18] * 预计收购的业务将为2026年收入贡献约1.9亿美元，调整后税息折旧及摊销前利润率为中高十位数百分比，并对2026年自由现金流产生增值效应[19] * 随着时间推移和整合协同效应的实现，预计Marigold的调整后税息折旧及摊销前利润率扩张速度将与Zeta保持一致（根据Zeta 2028计划，每年约150个基点）[19] * 公司重申了2025年第三季度和全年的业绩指引，并且此次交易是对先前发布的Zeta 2028计划的增量补充[20][21][42] 其他重要内容 **被收购业务构成** * Marigold的企业软件平台包括Cheetah Digital（企业级营销软件与规模化忠诚度服务）、Selligent（跨渠道客户互动平台，在欧洲有强大影响力）、SailThru（面向出版商的营销自动化与个性化平台）、LiveClicker（实时动态个性化）和Grow[7][8] **人员与文化整合** * 公司对通过此次收购加入Zeta团队的人员表示兴奋，并强调保留顶尖人才和顶尖客户是整合的首要原则[11][15] **对核心业务的确认** * 管理层多次强调此次收购是机会主义的，并非为了掩盖核心业务的恶化，公司核心业务继续以20%的有机复合增长率增长，并重申了2025年第三季度、全年及2028年的计划[42][75][76] **Publisher Cloud的增强** * 通过整合SailThru与LiveIntent，Publisher Cloud将提升为身份、消息传递和测量的统一堆栈，这在后OpenAI和Gemini时代至关重要[8][46][48]

Markets wrapped up the third quarter on a strong note, defying September’s reputation as one of the toughest months for the US stock market. The S&P 500 (^GSPC) and Nasdaq (^IXIC) each logged their best third quarter since 2020 and strongest September since 2010, while the Russell 2000 (^RUT) recorded its best Q3 since 2009 as the Federal Reserve kicked off its rate-cutting cycle. The Dow Jones Industrial Average (^DJI) closed at a record high. Read more: How the Fed rate decision affects your bank accou ...

Meta Platforms, Inc. (NASDAQ:META) is among the 10 Best Money Making Stocks to Invest In. Last week, the company’s CEO, Mark Zuckerberg, announced that Instagram now has 3 billion active users, joining the ranks of Facebook and WhatsApp, which crossed the mark earlier this year. Instagram Reaches 3 Billion Active Users, Announces Meta Platforms, Inc. (META) Copyright: rvlsoft / 123RF Stock Photo This is a major milestone for the photo-sharing platform, which Meta Platforms, Inc. (NASDAQ:META) acquired f ...

IPO Edge hosted a fireside chat with SunCar Technology Group Inc. (Nasdaq: SDA) on Sept. 30 to discuss the latest trends in the global EV market, the company’s use of AI and blockchain, the current Chinese environment for EV, among other topics. The event featured Breaux Walker, Chief Strategy Officer at SunCar, moderated by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a video session that lasted approximately 45 minutes. Watch REPLAY: CLICK HERE or watch the replay video bel ...

Taseko Mines Limited (NYSE:TGB) is one of the 10 Cheapest Penny Stocks to Buy Now. Taseko Mines Limited (TGB) Releases its Earnings Report for the Second Quarter of 2025 On August 21, 2025, Taseko Mines Limited (NYSE:TGB) released its earnings report for the second quarter of 2025. Taseko Mines Limited (NYSE:TGB) posted $116 million in revenue with an adjusted net loss of $0.04 per share, slightly missing analyst expectations. Despite the revenue shortfall, the company’s stock went up by 0.7% after hour ...

With significant hedge fund interest, TELUS International (Cda) Inc. (NYSE:TIXT) secures a spot on our list of the 10 Cheapest Penny Stocks to Buy Now. Scotiabank Raises its Price Target on TELUS International (Cda) Inc. (TIXT) to $4.50 On September 25, 2025, Scotiabank raised its price target on TELUS International (Cda) Inc. (NYSE:TIXT) from $3.40 to $4.50. The price revision follows TELUS Corporation’s agreement on September 2 to fully acquire TELUS International (Cda) Inc. (NYSE:TIXT). The revised t ...

Companhia Energetica De Minas Gerais (NYSE:CIG) is one of the 10 Cheapest Penny Stocks to Buy Now. Companhia Energetica De Minas Gerais (CIG) Releases its Earnings Report for the Second Quarter of 2025 On September 3, 2025, Companhia Energetica De Minas Gerais (NYSE:CIG) released its earnings report for the second quarter of 2025. Companhia Energetica De Minas Gerais (NYSE:CIG) reported a 15% increase in adjusted EBITDA, taking it to $430 million, while sustaining a healthy net cash position of $585 mil ...

B2Gold Corp. (NYSE:BTG) is one of the 10 Cheapest Penny Stocks to Buy Now. B2Gold Corp. (BTG) Reaches its New 52-Week High of $4.60 On September 22, 2025, B2Gold Corp. (NYSE:BTG) reached its new 52-week high of $4.60. This rally is attributed to strong investor confidence amid favorable gold prices, 11.8% revenue growth, and a 59% gross profit margin. Furthermore, B2Gold Corp. (NYSE:BTG) reaffirmed its 2025 consolidated production guidance of 970,000-1,075,000 ounces across its operations. At the same ...

With significant hedge fund interest, Nokia Oyj (NYSE:NOK) secures a spot on our list of the 10 Cheapest Penny Stocks to Buy Now. Nokia Oyj (NOK) Enters into a Strategic Partnership with Nscale; VodafoneThree Awards a $2.7 Billion 5G Equipment Contract On September 25, 2025, Nokia Oyj (NYSE:NOK) announced that it has entered into a strategic partnership with Nscale to accelerate the build-out of AI infrastructure. With this deal, Nokia Oyj (NYSE:NOK) becomes Nscale’s preferred partner for AI-ready data ...