「 赛点已转移。 」 文 ｜ 任倩 具身数据层的全球竞 赛 正在迅速升温。NVIDIA Research在2026年发布EgoScale数据与训练框架，在Ego- centric人类操作视频上训练VLA模型，用 20,854小时带动作标注的第一人称人类视频，观察到数据规模和 验证损失之间接近对数线性的scaling law。1X收集人类第一视角及家庭行为数据，通过 Sunday项目采集 百万小时级家庭场景视频。光轮智能采用仿真合成数据和人类视频数据（EgoSuite）的混合路线，宣称累 计交付突破100万小时，估值飙向十亿美金。 几个月内，行业关注点已不再只是"谁采得更多"，而是"谁能把Human-centric /Ego-centric数据真正做成高 自由度、高精度、低成本、可训练的资产"。 这背后是一场明确的数据范式迁移。过去一年，全球头部玩家几乎同时把目光转向Human-centric data： 不是更大规模的第三人称素材，也不只是昂贵而稀缺的真机遥操作，而是更接近人类真实操作分布的数 据。而 其中Ego-centric——以人类第一视角、真实物理交互和多模态感知为核心——正迅速成为最 关键的一条采集 ...

「 AGI的"最后一站"。 」 文 ｜ 陈之 琰 世界模型又诞生一起新融资。 「暗涌Waves」独家获悉，「逆矩阵科技」完成超千万美元首轮融资，投资方为高瓴创投和 北 大系 基金 燕缘创投 。公司核心创始人是1998年的吉嘉铭和2004年的陈博远，分别来自北京大学 智能学 院与 人工智能研究院 、 元培学院，公司业务将聚焦世界基础模型与强化学习。 据了解， 此次筹集的资金将主要用于世界模型核心技术的研发与团队的进一步扩建，由高鹄资本担任 独家财务顾问。 随着大语言模型的狂飙突进，其潜在的天花板开始被频繁提及，以李飞飞、LeCun等科学家为代表的世界 模型路线受到关注。如何让机器真正理解"真实物理世界"，正在成为通用人工智能（AGI）最核心的下一 块拼图。 「逆矩阵科技」团队计划在2026年内发布旗舰模型。不同于当前主流世界模型仅追求视觉逼真度，该旗 舰模型的核心目标是让模型真正"理解"物理规律，并能响应动作指令做出物理正确的预测。 全球科技巨头和资本市场已经开始对世界模型展开布局。就在最近，李飞飞创立的World Labs完成了10亿 美元的新融资，估值直逼50亿美元。LeCun领衔的AMI Labs也官宣了 ...

文 ｜ 任倩 中国创始人何时能缔造真正意义上的跨国公司？ 我们曾在 《全球化中的"影子世界"》 中提出这个时代之问，试图勾勒出中国企业新航海的宏大叙事背后 隐藏的一些关键角色——物流、营销、金融、人力等，其中的人与事共同搭建起了中国商业与世界的 桥。 时至2026年，大家或许已嗅到了"浮桥"随时可能漂移甚至断裂的信号。局部战开打、关税摇摆不定、供 应链的区域化重组、海外一线人才的跳动与洄游，曾经那种"游牧式"、逐水草而居的跨境红利迅速消 散，取而代之的是一个更加割裂、也更强调"根基"的时代。 什么才是牵引中国企业继续航行的筹码？一条路遇到障碍的时候该考虑换道、怎么取舍？对许多出海 企业而言，纵腾集团或许是一个极具研究价值的样本。 它的价值不仅局限于一家百亿级物流巨头如何崛起，更在于理解全球化之"重"的底层逻辑——这其实是 很多中国创始人在出海决断上所踌躇不前的。 过去十余年，纵腾完成了一次次惊险的跳跃：从最早一批年销售额领先的跨境电商大卖，在2014年行业 最热闹时转型，扎进物流基础设施最重的生意；又在多种生意模型赛马中跑通了两大业务；如今拥有超 过360万平方米的全球海外仓；并在行业剧烈波动的时刻，孤注一掷 ...

「 有人靠这个月入几万了 。 」 文 ｜ 任倩 凌晨三点，自媒体博主阿鱼的第32个小红书账号自动发布了一条笔记："救命！这个方法我要是早知道至少少加200小时班"。此刻她正在熟睡，而在云端，36只龙 虾正在执行一套作战计划：4只幕后龙虾负责抓取热点、拆解爆款、审核违禁词，另外32只前台龙虾各自扮演着"工作3年的互联网运营妹子""靠副业还清8万房贷 的上班族""8年经验的产品老鸟"等不同人格，在32个垂直账号上同时发声。 三个月前，阿鱼还只是一个月入8000、手搓5个账号就精疲力竭的自媒体博主。现在，她一个人指挥的"内容军团"日产出160条稿件，月收入翻四倍。 这不是孤例。在深圳，外贸员小陈用12只龙虾分驻侦察、触达、跟进、报价四个班组，把硅胶制品卖到北美和东南亚；在上海，老张雇佣4只龙虾分别盯理财、 管待办、维护社交，每周偷回10小时"让脑子下班"。 他们用的工具是龙虾军团（ClawTroop）——成立于2025年的AI智能体基础设施公司茉莉语境最近推出的产品，已服务于自媒体、跨境电商、企业效能等多个场 景。ClawTroop是批量小龙虾的部署和管理工具，目的是降低智能体集群的管理门槛，让个人和企业都能以极低 ...

Core Viewpoint - CODE27 has successfully completed multiple rounds of financing, raising over $10 million, with investments from leading market funds, aiming to create an immersive interaction platform for dedicated AI characters [2] Group 1: Company Overview - CODE27 is composed of a global team with hardware expertise from DJI and EcoFlow, focusing on developing AI character interaction devices [2] - The company aims to address the evolving user demand for AI interaction, which has three levels: traditional hardware usage, desire for a dedicated physical carrier, and deeper integration of AI characters into physical life [4] Group 2: Product Development - CODE27's product inspiration comes from the popularity of user-generated "holographic small TV" projects on platforms like Bilibili, leading to the development of AI character interaction devices that allow real-time dialogue and interaction [6] - The hardware is designed to provide a sense of ritual and physical anchoring for relationships, enhancing the abstract concept of companionship into a tangible experience [7] Group 3: Market Positioning - CODE27 is entering a favorable market window with decreasing hardware costs and improved model capabilities, moving beyond niche geek devices to broader consumer appeal [8] - The company plans to continuously optimize AI interaction capabilities and introduce practical features like smart home control and schedule management, while also exploring an open framework for user-generated content [8] Group 4: Future Vision - CODE27 envisions a collaborative ecosystem where users can create and share their AI characters, allowing for personalized storytelling and interaction [9] - The ideal scenario involves a community where various contributors enhance character development through shared memories and daily interactions, creating unique personal relationships [9][10]

「 一级市场的下一个颠覆性叙事？ 」 文 ｜ 陈之琰 「暗涌Waves」独家获悉，超导量子计算公司逻辑比特（Logical Qubit）于近期完成数亿元规模的 pre-A+轮和pre-A++轮融资。 pre-A++轮投资方为达晨财智、经纬创投、华控基金、深创投、康君 资本以及老股东浙大联创、东方嘉富、华夏恒天 、承睿晟、西湖科创投 等； pre-A+轮投资方为海 望资本、陆石投资以及老股东浙江省创新投资集团（原浙江金控） 。 逻辑比特成立于2022年，核心团队源自浙江大学超导量子计算实验室，是国内最早开展多比特超导量子 计算研究的团队之一。从2024初到2025年10月，逻辑比特已完成种子、天使和pre-A三轮融资，股东主要 以浙江省内投资机构为主。此次pre-A+轮和pre-A++轮融资也是这家"浙大系"量子计算公司首次走出浙 江，面向市场化综合基金进行融资。 一级市场的综合性机构布局量子计算可以视为一个信号： 在 AI 、具身智能的投资热潮之外，资本正同 时在寻找下一个足以承载"颠覆性"叙事的赛道。 量子计算的商业前景，本质上是对经典算力边界的突破，旨在解决那些对经典超算而言属于"指数级灾 难"的问题。 ...

Core Viewpoint - OpenClaw has ignited excitement in the tech investment community, but its hardware, Mac Mini, is seen as a temporary solution rather than the best option for AI assistants. The focus is shifting towards hardware that ensures user privacy and security, with Violoop emerging as a promising alternative [2][3][4]. Group 1: Violoop Overview - Violoop is a desktop-sized AI-specific computer designed for ease of use, allowing users to plug it in and start using it immediately without complex setup [4][6]. - It connects via HDMI to the main computer, functioning as a physical keyboard and mouse, enabling seamless interaction and task execution [4][9]. - The hardware is built from the ground up, incorporating proprietary visual models and security features to enhance user safety and control [6][15]. Group 2: Functionality and Features - Violoop aims to eliminate the need for prompts by actively observing user behavior and suggesting tasks based on learned habits, thus transforming from a passive tool to an active assistant [7][10]. - It can operate across various applications, including those without APIs, to automate tasks like messaging and expense reporting [9][10]. - The device is designed to maintain user privacy by processing visual data locally and minimizing token usage, ensuring that sensitive information is not uploaded to the cloud [11][15]. Group 3: Security Measures - Violoop employs a dual-chip architecture where the main chip runs AI tasks while a separate security chip manages sensitive data, ensuring physical isolation and local storage [15][16]. - Users must approve high-risk actions through a physical button or mobile app, providing an additional layer of security [15][16]. Group 4: Market Position and Future Vision - The founders believe that the future of AI will involve creating tools that cater to the needs of agents rather than just users, indicating a shift towards an "Agent Economy" [18][19]. - Violoop is positioned to become a foundational element in this new economy, with capabilities for autonomous financial transactions and task management [19][20]. - The company plans to build an ecosystem around skill sharing, where users can exchange data for improved automation experiences, creating high switching costs for competitors [21].

Core Viewpoint - The article discusses the advancements in robotics and AI in the pharmaceutical industry, particularly focusing on the Talos robot developed by 合碳智能 (C12.ai), which has shown significant capabilities in drug molecule purification, potentially transforming the drug development process [2][3][4]. Group 1: Talos Robot Capabilities - Talos has successfully completed 15 molecular purification experiments with a 93% success rate, showcasing its ability to perform tasks that previously required human expertise [8][9]. - The robot can autonomously execute end-to-end experimental processes and has reached a proficiency level comparable to that of a human expert with 10 years of experience [4][15]. - Talos maintains a zero-error rate in over 3000 physical operations during its trials, indicating its reliability in high-precision tasks [15]. Group 2: Innovation in Drug Development - The traditional drug development process spends about 50% of its time on purification, which Talos can significantly reduce, potentially halving the research cycle time [9][10]. - The robot's design allows it to operate in existing laboratory environments without the need for extensive modifications, unlike traditional automation systems [10][12]. - Talos is equipped with a proprietary VLA architecture that enables real-time reasoning, planning, and error recovery during experiments [12][14]. Group 3: Future Applications and Market Potential - The company aims to extend Talos's capabilities beyond pharmaceuticals into areas like personalized skincare, where it can produce custom formulations based on user input [6][17]. - Talos is positioned to address various physical scenarios requiring small-batch, continuous manufacturing with environmental adaptability [18][19]. - The long-term vision includes integrating Talos into the entire drug development lifecycle, enhancing efficiency and compliance in clinical production [21][22]. Group 4: Leadership and Vision - The CEO of 合碳智能, Chen Zhigang, has extensive experience in the pharmaceutical and healthcare sectors, having previously held significant roles at Alibaba Health and Tencent [5][19]. - The company's approach is seen as an evolution of traditional CRO models, aiming to complement existing capabilities rather than replace them [5][19]. - The vision is to create a flexible, software-defined robotic scientist that can adapt to various experimental needs, addressing the limitations of current automation solutions [5][19].

Core Insights - MetaComp, a Singaporean fintech company, has recently secured tens of millions in Pre-A+ funding, following a previous $22 million Pre-A round, indicating strong investor confidence and growth potential [2][3] - The company aims to become a "Web2.5 Ant Financial," providing integrated payment and wealth management services, targeting global enterprises, financial institutions, and ultra-high-net-worth clients [7][29] - MetaComp has achieved a monthly transaction volume exceeding $1 billion and manages over $500 million in assets, highlighting its operational scale and market demand [3][8] Funding and Financial Performance - Following the latest funding round, MetaComp's immediate liquidity exceeds $100 million, bolstered by positive cash flow from operations [3] - The company is projected to achieve full-year profitability by 2025, demonstrating a solid financial trajectory [3][14] Market Position and Strategy - MetaComp operates in over 30 countries, focusing on cross-border payments and wealth management, particularly in emerging markets like Asia, Africa, and Latin America [3][4] - The company addresses the pain points of small and medium enterprises in cross-border payments, which are often excluded from efficient payment infrastructures [4][9] Technological Infrastructure - MetaComp has developed a hybrid payment architecture, termed Web2.5, which supports both fiat and stablecoin transactions, enabling T+0 instant settlements [4][12] - The company has self-developed core banking systems and compliance frameworks, including the StableX and VisionX engines, to facilitate seamless transactions and regulatory adherence [5][12][24] Competitive Landscape - MetaComp positions itself as a complementary player to existing fintech giants like Stripe and Airwallex, focusing on markets where traditional financial infrastructure is lacking [20][21] - The company aims to fill the gap in stablecoin settlement, providing essential infrastructure for cross-border transactions in regions with underdeveloped financial systems [20][21] Future Outlook - MetaComp envisions becoming a licensed provider of mixed stablecoin and fiat services in the Asia-Africa market, offering a comprehensive suite of financial services [29] - The company anticipates that as stablecoin adoption increases, particularly in regions like Africa and Latin America, it will become a necessary option for businesses [27][28]

Core Viewpoint - The article discusses the innovative AI interactive entertainment platform "Mu Jian," which has recently completed two rounds of financing totaling millions of dollars, aiming to create a new form of entertainment that combines user-generated content (UGC) with AI technology [2][3]. Group 1: Company Overview - "Mu Jian" is founded by Roi, a young entrepreneur with a background in international politics and interactive media arts, who has previously worked in notable companies like Lilith Games and ByteDance [3][4]. - The platform aims to explore how AI can enhance human entertainment experiences, moving beyond traditional gaming to create a more interactive and personalized environment [4][5]. Group 2: Product Features - "Mu Jian" is not a traditional game but rather an online amusement park that integrates elements of escape rooms, script killing, short dramas, and games, allowing creators to build unique worlds using AI tools [8]. - Users can engage with various simulators created by other users, such as a "Gold Master Mom Reward Simulator" and a "Stock Simulator," which provide immersive experiences in virtual environments [6][8]. Group 3: Creator Engagement - The platform encourages a community-driven approach, where non-professional creators, particularly young women from urban areas, can develop their own simulators using AI, thus breaking down traditional barriers in game development [10][11]. - "Mu Jian" provides a comprehensive toolkit for creators, enabling them to build interactive systems easily, akin to assembling LEGO blocks [11][12]. Group 4: Business Model - Roi envisions generating revenue through platform fees on successful creations and potentially through advertising in low-cost interactive simulators [16]. - The company differentiates itself with low content production costs and a high frequency of trial and error, allowing creators to launch simulators quickly compared to traditional game development [16][17]. Group 5: Future Aspirations - "Mu Jian" plans to expand its offerings beyond romance simulations to include a wider range of genres such as fantasy, workplace scenarios, and historical evolution, with larger-scale testing and competitions planned for March [16][17]. - Roi believes that the future of game creation will belong to both elite teams and amateur creators, aiming to establish "Mu Jian" as a dominant playground for the latter [17].