要点速览 · 本文摘自尼古拉斯·扬尼的新书《领导即疗愈：做有温度的领导者》。作者提出，今天的领导者除了具备强大的 逻辑、理性、洞察力和战略预测能力外，还必须具备同理心，因此要有感知身体的能力。这种领导者被称为"疗 愈型领导者"。 · 疗愈型领导者会致力于将身体、头脑和心灵融为一体。因此，能与众多情绪自在共处非常重要。 · 人类四种基本情绪（恐惧、愤怒、快乐、悲伤）可相互混合形成丰富层次。关键在于：感受而非屏蔽。屏蔽情 绪会导致麻木，而充分感受情绪能转化为能量，带来深层洞察与创造力。 · 精准的语言是核心工具：领导者准确承认情绪能让团队感到被看见，从而建立能量自由流动、深度联结的组织 文化，最终激发更高水平的潜能与创新。疗愈型领导不是消除情绪，而是创造安全的情绪空间，将逻辑思维与 身体感受整合，拓宽组织的"工作带宽"。 · 本文还提供了几种练习方法，希望可以帮助各位读者更加深入地协调情绪。 人类有四种基本情绪： 恐惧、愤怒、快乐和悲伤 。这些基本情绪有点像画家的调色盘，可以说每一种情绪 属于一个色系，都能与其他情绪混合，形成许多不同的色彩。比如，恐惧可以分为从轻微的焦虑到极度的 恐慌；悲伤可以分为从轻微的不快到 ...

2026年2月5日，红杉中国医疗成员企业 北芯生命 成功在上海证券交易所科创板挂牌上市。北芯生命是重启科创板第五套标准后，该标准下第三家、医疗器械行业 首家成功上市企业，也是2024年以来首家在科创板成功上市的医疗器械企业， 本次公司发行价格为17.52元/股，开盘价为50.32元，较发行价上涨 187% 。以开盘 价计算，公司市值超 210亿元 。 从成立之初的默默耕耘，到如今在产品创新、产品全球上市、商业化推广、规模盈利等多个维度均衡发展的"六边形战士"，北芯生命凭借在血管内功能学与影像学 领域的深度钻研，完美诠释了中国创新器械企业已开始具备定义行业新标准的能力，用更优的中国设计赢得全球市场。 宋亮博士 北芯生命创始人、董事长兼CEO 北芯生命自成立以来，始终秉承"用创新和品质改善生命健康"的使命，致力于领航心血管智能化精准介入解决方案。通过满腔热情和日夜兼程，填补了中国医疗 器械产业领域中技术壁垒最高、产业链条最长的高性能心血管精准介入器械板块的空白。未来，我们将继续坚守心血管精准介入的创新前沿、坚持以临床为中 心、追求极致品质，向世界传递中国创新的强劲力量。红杉中国从2018年开始投资北芯，并且在公司 ...

Core Insights - The article highlights the recent updates in the xbench leaderboard, showcasing the performance of various AI models, particularly emphasizing the Kimi K2.5 model's significant improvements and its ranking among competitors [1][4][10]. Group 1: Model Performance Updates - As of January 2026, Kimi K2.5 achieved an average score of 63.2, marking a notable improvement from its predecessor K2, and ranked 4th on the leaderboard, making it the top model in China [4][5]. - The new benchmarks introduced by xbench include BabyVision for evaluating multimodal understanding and AgentIF-OneDay for assessing complex task instruction adherence [1]. - The leaderboard updates reflect the performance of mainstream large language models (LLMs) available through public APIs, with Kimi K2.5 scoring 36.5 in the BabyVision benchmark, placing it second behind Gemini 3 Pro [8][10]. Group 2: Kimi K2.5 Specifications - Kimi K2.5, released on January 27, 2026, is a next-generation multimodal model that integrates visual understanding, logical reasoning, programming, and agent capabilities [10]. - The model is based on approximately 15 trillion mixed visual and text tokens for continuous pre-training, enabling it to natively understand and process visual information [10]. - Kimi K2.5 employs a mixture of experts (MoE) architecture, with a total parameter count of around 1 trillion, activating approximately 32 billion parameters during inference to maintain high performance and efficiency [10]. Group 3: Competitive Landscape - The leaderboard indicates that Kimi K2.5 is positioned as a strong competitor in the AI model market, with its performance metrics suggesting a competitive edge in terms of cost-effectiveness and speed [4][7]. - The article notes that Kimi K2.5's inference time is significantly reduced to 2-3 minutes per question, enhancing its usability in practical applications [7].

当智能硬件再次成为投资热门，当越来越多的创业者涌向这个赛道，什么样的机会最值得把握？什么样的创业者最可能成功？ 在红杉中国AI播客《the prompt》第二期，四位长期关注智能硬件赛道的投资人——李立远、张凯、陈锋和张涵——展开了一场深度对话。从赛道爆火的深层原因，到创业 者的核心特质；从Maker经济的机会窗口，到AI对硬件的真实价值；从智能眼镜的现实挑战，到出海与品牌的制胜之道，他们分享了大量一线观察与实战经验。 以下是这场对话的精华内容。 Q1 23 年底我们 开了一个会，我跟远哥有个共识就是，过去几年制造业的快速增长，带来了整体的技术下放趋势非常显著，而且成本供应链能力各方面都在提升。消 费电子这个行业的需求一直在，但过去经过这么多年的发展，可以让这些存在的需求被实现了。 记得当时我们在这个领域开始重点布局， 24 年那一年从小光子开始，后面我们投了 EvenRealities( 逸文科技 ) 、极壳、 Haivivi( 跃然创新 ) 等等很多公司。 陈锋： 我是 2022 年开始看硬件。当时一个非常重要的观点就是，世界性品牌这个事情，我发现可能会由消费电子这个品类来驱动。从 22 年到 23 年、 ...

要点速览 本文精选部分红杉医疗成员企业2026年1月份的最新动态： 西比曼生物 阿斯利康6.3亿美元收购GPC3 CAR-T中国权益 1月16日，西比曼生物科技宣布与阿斯利康达成协议，阿斯利康将收购西比曼在中国对C-CAR031的开发和 商业化权益的50%份额，由此阿斯利康将获得C-CAR031在全球范围内开发、生产和商业化的独家权益。西 比曼将有权从阿斯利康获得最高达6.3亿美元的款项，其中包括针对GPC3项目在中国的首付款以及开发、监 管和销售里程碑付款。这是GPC3 CAR-T领域迄今为止最大规模的授权交易之一，标志着中国细胞治疗技术 获得国际医药巨头的高度认可。 C-CAR031是一款靶向磷脂酰肌醇蛋白聚糖3（GPC3）的CAR-T细胞疗法，采用阿斯利康的显性负性转化生 长因子-β受体II（dnTGFβRII）装甲平台设计，目前正在研究用于治疗肝细胞癌（HCC）和其他实体瘤。最 · 西比曼生物阿斯利康6.3亿美元收购GPC3 CAR-T中国权益。 · 英矽智能与齐鲁制药达成总额9.31亿港元药物研发合作。 · 数坤科技累计获得20项国际权威认证，服务全球5000+医疗机构。 · 乐普心泰ScienCr ...

Core Viewpoint - The article highlights the successful IPO of "Mingming Hen Mang," China's largest leisure food and beverage retail chain, which achieved a market capitalization exceeding HKD 90 billion, marking it as one of the largest consumer IPOs in the past year [2]. Group 1: Company Overview - "Mingming Hen Mang" has expanded from a community store in Changsha to over 21,000 stores across 28 provinces, establishing itself as a leading offline retail channel in China [2]. - The company aims to fulfill its vision of being "the people's snack brand," and its IPO represents a significant milestone in this journey [2]. Group 2: Investment and Support - Sequoia China became an early institutional investor in "Mingming Hen Mang," leading its Series A financing in April 2021, and has since provided substantial support through multiple funding rounds and strategic guidance [4]. - The partnership between "Mingming Hen Mang" and Sequoia China is characterized by mutual trust and long-term collaboration, with Sequoia acting more like a partner than a traditional investor [6][12]. Group 3: Strategic Insights - The founder, Yan Zhou, emphasizes the importance of "aesthetic" in retail, which refers to a deep understanding of consumer needs and innovative business models that enhance the shopping experience [7]. - The company has effectively tapped into the market demand for casual snacks, with a focus on creating emotional value for consumers through appealing store designs and product offerings [14]. Group 4: Digital Transformation and Future Outlook - As the company scales, it faces challenges in traditional retail operations, prompting a shift towards digital transformation supported by Sequoia's expertise in technology and AI [10]. - The future strategy involves enhancing organizational capabilities, supply chain efficiency, and product systems to maintain competitive advantages in the evolving retail landscape [15].

第八届红杉学者招募计划于2026年春季启动！面向 0-5 年工作经验，对科创企业充满热忱的年轻人才，欢迎邮件 提前联系： humancapital@hongshan.com 嘉宾： ▼ 李立帅 香港城市大学协理副校长（策略研究）、数据科学系教 授 ▲ 项晓骁 红杉中国董事总经理 在AGI从技术概念加速走向现实应用的背景下，职业路径、创业方式与组织形态正在被重新塑造。本次红杉学者 与HK YES联合举办的年度活动中，四位来自投资、创业与学术一线的嘉宾，围绕"AGI时代的职业跃迁与创业新 物种"展开了一场面向年轻人的坦诚对话。 红杉学者定位是年轻人的"科创实践学院"，助力职业、学业和创业，从2019年延续至今，我们深度链接了对创 投企业感兴趣的年轻人，以及红杉生态的重要成员企业。本次是红杉学者项目和HKX Foundation联合举办的活 动，创科香港基金会（Hong Kong X Foundation）是红杉中国于2016年在香港成立的大湾区创科公益机构。其中 的「X」代表着「未来、无限可能、想象力」，红杉中国希望帮助创业者成就事业梦想及美好未来。 ▼ 王佳梁 超脑AI孵化器创始人、连续创业者 ▲ 徐强 红杉中 ...

Core Insights - The article discusses the rise of digital nomads, a rapidly growing group redefining the concept of work, with over 17 million in the U.S. and an expected global count of 60 million by 2030 [5][6] - It highlights the "mobile worker paradox," where the desire for freedom conflicts with the need for a stable work environment [5][6] Group 1: The Paradox of Digital Nomads - Digital nomads seek the freedom of mobility but require a stable environment for efficient work, leading to a balancing act between these two needs [6][8] - Two primary modes of balancing this paradox are identified: the "cyclical mode," where individuals oscillate between movement and stability, and the "fusion mode," where they create a sense of home while on the move [6][8][10] Group 2: Cyclical and Fusion Modes - The cyclical mode involves staying in one location long enough to establish a rhythm before moving on, often driven by a strong desire for new experiences [9][10] - The fusion mode allows digital nomads to incorporate elements of stability into their mobile lifestyle, such as carrying personal items that provide comfort and familiarity [10][11] Group 3: Implications for Work Management - The experiences of digital nomads suggest that work efficiency is more about the atmosphere created than the physical location, challenging traditional views on office environments [11][12] - Companies should shift from time-based assessments to results-oriented evaluations, helping employees establish clear work boundaries while maintaining flexibility [12][13] Group 4: Future Work Trends - The number of digital nomads in the U.S. has increased by 133% in the past four years, driven by advancements in remote work technology and changing perceptions of work among younger generations [13][14] - The future of work is expected to be more diverse, with a blurred concept of workplaces, as companies adopt hybrid work models allowing for flexible work locations [13][14] Group 5: Urban and Technological Adaptations - Cities are increasingly creating "digital nomad-friendly" environments, with improved infrastructure such as high-speed internet and co-working spaces [14][15] - Technological advancements, including VR and AI, are anticipated to enhance remote collaboration and expand the geographical scope of work [14][15]

Core Insights - The article discusses the advancements in the Agent field, highlighting the impressive performance of large models in short-term tasks while revealing their limitations in long-term tasks. It emphasizes the need for a more scientific evaluation framework to assess the multi-modal understanding and complex problem-solving capabilities of these models [1][4]. Evaluation Framework - The introduction of the AgentIF-OneDay evaluation system aims to measure the ability of agents to solve complex tasks rather than just their knowledge base. This system explores the transition from OneHour to OneDay capabilities, revealing the true performance of mainstream agents in workflow execution, implicit inference, and iterative editing [1][6][10]. - The evaluation framework is designed to observe the evolution of industry technology routes and predict the upper limits of model capabilities, focusing on utility and economic value [6][10]. Task Complexity - Task complexity is defined not by the depth of knowledge or reasoning difficulty but by the human time investment required to complete a task, which correlates with its potential economic and utility value [6][7]. - The evolution of agent capabilities is expected to follow two main axes: scaling context (time dimension of tasks) and scaling domain (task type complexity). These axes determine the upper limits of task complexity that agents can handle [6][7]. Agent Capabilities - The AgentIF-OneDay framework tests agents' abilities to complete a full set of tasks within a day without human intervention, covering diverse domains such as life, learning, and work [10][11]. - Three primary task types are identified: Workflow Execution, Latent Instruction Inference, and Iterative Refinement, each representing different user interaction scenarios [11][14][15]. Testing Results - The evaluation of mainstream agent systems revealed that Manus, Genspark, and ChatGPT-Agent scored between 0.62 and 0.65 in overall task success rates, indicating similar capabilities across different systems [17][18]. - ChatGPT is identified as the best productivity tool for work, Manus as the best life assistant, and Genspark as the best study partner, showcasing the varying strengths of these agents in different domains [18][19]. Future Directions - The article anticipates that by 2026, agents will begin to challenge one-week human workloads, with the development of the OneWeek evaluation set already underway. This will involve more complex tasks and stricter rubric designs [22][23]. - The need for agents to possess active learning capabilities in real or semi-real environments is emphasized, suggesting that future advancements will rely on continuous learning and adaptation rather than static training methods [24][25].

Core Viewpoint - Trust is defined as a scientific decision-making model composed of understanding, motivation, ability, character, and integrity record, rather than a simple feeling of belief [2] Group 1: Understanding as the Foundation of Trust - The starting point of trust is not persuading others to trust, but making them feel understood [6] - Understanding encompasses emotional resonance, psychological insight, physiological perception, and communication comprehension [7] Group 2: Motivation Fostering Trust - Genuine trust transcends moral or responsibility codes, rooted in love, care, and compassion [8] - A mindset of considering others' well-being is crucial for fostering trust in collaborative environments [8] Group 3: Ability as a Component of Trust - Trust requires the support of ability; people often delegate tasks without fully understanding the other person's capabilities [9] - Organizations need knowledgeable individuals in leadership roles to ensure effective governance [10] Group 4: Character's Role in Trust - Character influences trust significantly; it involves more than just honesty and moral behavior [10] - Integrity is defined as a state of wholeness, requiring a combination of various traits beyond mere honesty [16] Group 5: Importance of Integrity Record - Past behavior is the best predictor of future actions; trust is built on the expectation that individuals will act consistently based on their history [17]