Core Viewpoint - The appointment of Yin Qi as chairman of Jiyue Xingchen and the completion of a B+ round financing exceeding 5 billion RMB signifies a strategic move in the AI industry, particularly in the integration of AI with physical applications like automotive technology [6][11]. Group 1: Company Developments - Yin Qi, co-founder of Megvii Technology, has taken on dual leadership roles, overseeing both Jiyue Xingchen, a major player in AI models, and Qianli Technology, which focuses on AI applications in vehicles [6][11]. - Jiyue Xingchen has been recognized as a significant contender in the AGI sector since its establishment in 2023, attracting top talent and achieving notable success with its Step series models [13][21]. - The collaboration between Qianli Technology and Jiyue Xingchen aims to create a comprehensive ecosystem from foundational models to practical applications, enhancing the deployment of AI capabilities in the physical world [11][21]. Group 2: Market Context - The AI model startup landscape in China is diversifying, with companies like Mini Max and Zhipu achieving public listings and focusing on different market segments, indicating a clear differentiation in strategies [19]. - Despite the advancements, all companies in the AI sector face the challenge of achieving self-sustaining business models, emphasizing the need for practical applications and revenue generation [19][21]. - The integration of AI capabilities into hardware, particularly in smart vehicles, is seen as a promising avenue for growth, with Qianli Technology leading initiatives in intelligent driving and related technologies [18][21].

Core Insights - The article emphasizes that China has become a dominant player in the AI glasses industry, controlling over 80% of the global supply chain [5][6][26] - The rapid innovation and manufacturing capabilities in China have allowed for significant advancements in AI glasses technology, making them a key player in the global market [16][30] Industry Overview - AI glasses are viewed as the next generation of computing devices, with China leading in the supply chain and production [6][8] - Key components such as chips and optical modules are primarily produced in China, with optical modules accounting for over 40% of the cost and chips over 30% [10][13] Technological Advancements - Chinese companies have made significant breakthroughs in optical waveguide technology, which is crucial for AI glasses [11] - Companies like JBD and Zhizhi Technology have developed advanced Micro LED and optical components that are lightweight and energy-efficient [11][13] Market Dynamics - The integration of the supply chain in China has led to reduced costs for AI glasses, with prices dropping from over 10,000 yuan to around 1,999 yuan [26] - The market for AI glasses is expected to grow significantly, with predictions of a compound annual growth rate of 55.6% over the next five years [30] Competitive Landscape - Major Chinese brands are emerging in the AI glasses market, with companies like TCL, XREAL, and Rokid showcasing innovative products at international tech exhibitions [27][29] - The article highlights that Chinese manufacturers are not only producing but also innovating, moving from a role of OEM to becoming leaders in the industry [17][24]

1.【星河动力总工李君：液体回收火箭智神星二号预计今年首飞】1月25日消息，在2026北京国际商 业航天论坛上，星河动力总工程师李君透露，星河动力液体回收火箭智神星二号预计在2026年首 飞，智神星二号运载火箭为直径4.5m的大型模块化可重复使用液体运载火箭，包括基本型和CBC两 种构型：基本型起飞质量约757t，起飞推力约910t，LEO运载能力20t；CBC构型起飞质量约 1950t，起飞推力约2730t，LEO运载能力58t。（ 科创板日报） 2.【三星电子将于2月向英伟达供应HBM4芯片】1月26日消息，据报道，三星电子近期通过最终质量 测试后，将于2月正式向英伟达、AMD供应HBM4芯片。三星已开始为2月出货做准备。（界面新 闻） 3.【全球首条机器人关节自动化产线启动，浦东按下人形机器人量产"加速键"】1月25日消息，据浦 东发布消息，近日，意优科技"全球首条机器人关节自动化产线"在浦东投产。这是具身智能产业从技 术研发迈向规模化制造的关键跨越，标志着人形机器人核心部件量产瓶颈的突破，为人形机器人的大 规模推广应用按下"加速键"。这条全球首创的自动化产线，围绕关节模组全制造流程进行系统化设 计，深 ...

以下文章来源于娱乐资本论 ，作者娱子酱团队 娱乐资本论 . 北京市文化产业投融资协会会员单位，并与中国网络视听大会、北京国际电影节、上海国际电影节等行 业大会展开了长期、深度的合作，致力于独家报道，是泛文娱行业第一媒体。 来源丨娱乐资本论（ID： yulezibenlun ） 作者丨 吴晓宇 图源丨Midjourney 潮玩的投资潮，又一次到来了。 上一次潮玩行业能有如此集中的投资热度，还是在2021年末。成立不久的小 品牌卡卡沃 也能收获 VC的青睐，令小娱印象深刻。 去年上半年，泡泡玛特的Labubu全球破圈，线下专营店从东南亚开到了北美乃至西欧。布鲁可等头 部企业也完成港股上市，潮玩和卡牌公司的关注度又回来了 。市场端收到了巨量的正反馈，进而引发 了下半年集中爆发的融资潮。 从闪魂公司完成超亿元的首轮融资开始，到刚刚杰森娱乐获得数亿元战投，几乎每个月都有潮玩公司 官宣拿钱和上市的消息。这样的阵仗其实并不多见。 | 最近半年接受融资或申请IPO的潮玩公司 公司名称 | 融资时间 | 融资轮数/申请IPO | 融资金额 | | --- | --- | --- | --- | | 超级元气工厂 | 2025年 ...

1.【Adobe开发面向娱乐业的"IP安全"生成式AI模型】Adobe正在开发专为娱乐行业打造的"IP安 全"生成式AI模型，该公司已与多家制片厂、导演和经纪公司合作，为娱乐工作流程量身定制AI模型。 （腾讯网） 2.【2026 CS Rankings发布：北大AI登顶，上交清华并列综合第一】2026年CS Rankings全球计算 机科学排名公布。综合排名中，上海交大、清华分别以3.2分并列全球第一，中国共20余所高校/机构 进全球Top100，全球Top10中国占6席。人工智能板块，北京大学以165篇机器学习论文居首登顶全 球第一，该板块全球前十中国占8席。据悉，CS Rankings全称为Computer Science Rankings（计 算机科学排名），由美国麻省州立大学阿姆赫斯特分校Emery Berger教授创立。CS Rankings根据 全球各大高校/科研机构在计算机领域顶级会议上发表的论文数量来进行排名，其最大的特点在于极 其透明和完全基于客观研究产出，被誉为"最纯粹的科研实力晴雨表"。（搜狐） 3.【国际团体起诉Meta ，指控WhatsApp隐私宣传虚假】一个国际原告团体对Meta ...

Core Insights - The article discusses the challenges faced by AI models, particularly Anthropic's Claude, in playing the children's game Pokémon, highlighting a significant gap in AI capabilities compared to human players [2][3][8] - The performance of Google's Gemini model in successfully completing a Pokémon game is attributed to its superior toolset rather than inherent intelligence [5][8] - The article emphasizes the importance of long-term memory and continuous reasoning in AI, which are currently lacking in existing models [6][8] Group 1: AI Performance in Pokémon - Claude's attempts to play Pokémon resulted in numerous failures, including getting stuck for hours and making basic mistakes that a child would not [2][3] - In contrast, Google's Gemini 2.5 Pro successfully completed a Pokémon game, showcasing the impact of a more advanced toolset that enhances AI capabilities [5] - The differences in toolsets between Claude and Gemini highlight how essential external capabilities are for AI performance in complex tasks [5][8] Group 2: Limitations of AI Models - The article points out that AI struggles with tasks requiring sustained reasoning and memory over time, which are essential for success in games like Pokémon [6][8] - Despite advancements, AI models like Claude and Gemini still face significant challenges in executing long-term goals and maintaining context over extended periods [8][11] - The article notes that while AI can excel in specific tasks, such as exams and coding competitions, it still falls short in dynamic and open-ended environments like gaming [8][11] Group 3: Broader Implications for AI Development - The challenges faced in Pokémon are indicative of broader issues in the pursuit of Artificial General Intelligence (AGI), where AI models struggle with complex, multi-faceted tasks [11][24] - The article suggests that Pokémon has become an informal benchmark for evaluating AI capabilities, as it allows for long-term tracking of reasoning and decision-making processes [24] - The ongoing difficulties encountered by AI in games like Pokémon illustrate the limitations of current models and the need for further advancements in AI technology [24]

【腾讯宣布：春节发 10 亿元现金！单个红包最高达 1 万元，可直接提现到微信】 1 月 25 日，腾 讯宣布，将在 2 月 1 日上线春节活动，用户上元宝 App 分 10 亿现金红包，单个红包金额可达万 元。 App 内点击主页的预约卡片即可进入春节会场预约页面，提前预约的用户将在 2 月 1 日活动开 启当天，额外获得 10 次抽奖次数。 腾讯方面相关人士透露，上述红包金额可以从元宝直接提现到微信。（每日经济新闻） 【百度：发5亿现金】 1月25日 ，百度发布文心助手关于春节现金红包活动的通知。自1月26日至3 月12日，用户在百度APP使用文心助手，有机会瓜分5亿现金红包，最高可获得1万元奖励。此外， 完整早报音频，请点击标题下方小耳机收听 百度APP还将作为首席AI合作伙伴合作《2026北京广播电视台春节联欢晚会》。 （凤凰网） 【雷军：新一代小米 SU7 争取春节前部分样车进店】 1 月 25 日，小米创办人、董事长兼 CEO 雷 军发文表示，新一代 SU7 卡布里蓝实车非常漂亮，争取春节前部分样车能够进店，到时候大家就可 以到店感受。现在已经开始小订。 （ 新浪财经） 【苹果客服回应 iPhon ...

Group 1 - TikTok Shop launched the "Horizon Project" to attract brands with annual sales of at least $10 million to join its platform, aiming for a total sales target of $50 million by the end of 2026 [4] - Temu's market share is projected to equal Amazon's by 2025, with both platforms capturing nearly half of the global cross-border e-commerce market [5][7] - Alibaba's chip company T-Head is planning to restructure for independent listing, which is seen as a significant step in building its AI capabilities [9] Group 2 - The snack retail giant "Mingming Hen Mang" has initiated its IPO process, aiming to raise up to approximately HKD 3.34 billion, with a network of nearly 20,000 stores across China [10][11] - Heytea has expanded internationally, opening over 100 stores in 32 cities, with a focus on local product development for overseas markets [13] - Global memory giant SK Hynix announced record bonuses for employees, reflecting strong financial performance with a 39% year-on-year increase in sales [23]

资本与商业研究 来源丨 市值榜（ ID：shizhibang2021） 作者丨相青 编辑丨 赵元 图源丨Midjourney OpenAI 正在告别技术理想主义，回归互联网的流量变现逻辑。 以下文章来源于市值榜 ，作者市值榜团队 市值榜 . 近期，ChatGPT将开始在面向美国用户的答案旁边添加广告，这些广告将在未来几周内上线，并会显示在答案的上方或下方，而不是答案内部。 据OpenAI内部预测，预计2027年，仅广告这一项新增业务的收入，就将突破100亿美元大关。到2030年，从非付费用户群体（通过广告投放及交易分 成）获取的收入目标，将高达1100亿美元。 一个新的广告巨头正在诞生。 历史政治反复证明，所有入口级产品，最终都会走向广告。搜索如此，社交如此，短视频亦如此。现在，轮到了AI。 AI广告终于来了 当一个AI产品成为入口级，变现路径只有四条，API调用、会员订阅、企业定制化解决方案以及广告，对于OpenAI 来说，前三条路已经跑通，但是远远无 法支撑其财务压力。 OpenAI预计到 2025 年收入将达到 130 亿美元，每周活跃用户达 8 亿。但与此同时，算力、模型训练和推理带来的成本压力仍在持 ...

欢迎加入 睿兽分析会员 ，解锁 AI、汽车、智能制造 等相关 行业日报、图谱和报告 等。 1.【雷军：新一代小米SU7争取春节前部分样车进店】1月25日，小米创办人、董事长兼CEO雷军发 文表示，新一代SU7卡布里蓝实车非常漂亮，争取春节前部分样车能够进店，到时候大家就可以到店 感受。现在已经开始小订。（新浪财经） 2.【美国车企的海外业务规模持续萎缩】多年来，美国车企的海外业务规模一直在萎缩。通用汽车于 2017年将其欧洲业务欧宝出售给了标致，后者后来与菲亚特克莱斯勒合并，组建为斯特兰蒂斯集 团。今年第三季度，通用汽车在美国、加拿大和墨西哥以外市场的营收占比仅为8%。 福特目前在英 国、澳大利亚等少数几个国家仍是主流汽车品牌，但在欧洲市场的份额大幅缩水。欧洲汽车制造商协 会的数据显示，福特在欧盟市场的占有率已从2020年的5%降至去年的3%。去年，福特关闭了其位 于德国萨尔路易的工厂，这座城市毗邻法国边境。（搜狐） 3.【比亚迪计划2026年向中国以外地区销售130万辆汽车】比亚迪公司正致力于将向中国以外市场的 交付量提高近25%。 比亚迪品牌及公关部门总经理李云飞周六在上海的一次媒体发布会上表示，该 公司 ...