简而言之，这篇论文就是要证明汉谟拉比和商汤是同一人，这已经足够惊爆眼球了。而论证的逻辑更 是"充满胆识"：因为作者发现英文和中文"大量相通"，而"英国人先祖……在小亚细亚及两河流域经受 文明洗礼"，于是推测上古汉语就是古代两河的主要语言之一，那么，"或者汉谟拉比就是中华历史上非 常有名的帝王"…… 希望这个案例能够让一些人警醒：随着社会发展、思潮演变，惊人言论荒唐、空虚的底色终究会展露无 疑，并遭到唾弃。而学术研究者们也应当"敬惜字纸"，每一篇载于白纸黑字的文章，都会在某种程度上 记入历史，也会在某一天遭遇来自常识的审视，怎可儿戏？ 这一长串思维跳跃，看得颇让人眼花缭乱。这些推理，其实一开始就根基不牢，而后面的推导，什么汉 语通行于两河流域、汉谟拉比和商汤是同一人，更是脑洞大开。 （来源：红星新闻，作者：清波） 当然，学术是可以也应当创新的，但正所谓大胆假设、小心求证，越是耸人听闻的结论，越需要严密谨 慎、经得起反复推敲的论证。相比于结论上的大胆，推理过程中的粗糙、跳跃才更是一篇论文失格的地 方。一篇发表在学报上的严肃论文，可以有天马行空的想象，但更要有确凿无疑的证据。 转自：视点 这篇发表于2007年的论文 ...

AI Industry Trends - ByteDance has open-sourced its AI Agent "Coze," which supports commercial use and has over 6,000 stars on GitHub, providing a platform for developing intelligent agents without coding[14] - The "Step 3" model by Jieyue features 321 billion total parameters and 38 billion activated parameters, achieving a 300% inference efficiency compared to DeepSeek-R1, with expected revenue of nearly $1 billion in 2025[11] - Ant Group released the financial reasoning model "Agentar-Fin-R1," which outperforms similar models in multiple financial evaluations and is based on a comprehensive financial dataset[16] AI Applications and Platforms - SenseTime launched the "Wuneng" embodied intelligence platform, featuring a multimodal reasoning model that improves cross-modal reasoning accuracy by 5 times compared to Gemini 2.5 Pro[8] - Huawei introduced the AI-Box platform, designed for lightweight edge deployment, supporting local execution of multimodal large models with low power consumption[9] - Tencent's Tairos platform offers modular services for multimodal perception and planning, focusing on enhancing robotic software capabilities[10] AI Model Developments - Zhiyuan released the GLM-4.5 model, which integrates reasoning, programming, and agent capabilities, achieving top performance in global open-source model benchmarks[17] - JD Cloud announced the open-source enterprise-level intelligent agent "JoyAgent," which supports multi-agent collaboration and has been tested in over 20,000 internal applications[18] - ByteDance and Nanjing University developed the CriticLean framework, improving the accuracy of mathematical formalization from 38% to 84%[19] Market Risks - AI software sales are below expectations, leading to adjustments in capital expenditure plans and slower iteration speeds for core AI products[34]

Core Insights - The AI industry is undergoing a new round of technological and commercial reshuffling, with companies like SenseTime redefining their value through restructuring and innovation [2][3] - SenseTime has initiated a "1+X" strategy, splitting its core business and incubating various subsidiaries, which have collectively raised over 2 billion yuan in funding [2][8] - The company has shown resilience, maintaining a significant market position despite industry challenges, ranking third in China's large model application market with a 13.8% share [2][3] Company Strategy - SenseTime is transitioning to a mid-sized company model, focusing on balancing profit, growth, and future innovation [4][3] - The "1+X" strategy aims to retain core operations while allowing long-cycle sectors to operate independently, fostering a more entrepreneurial ecosystem [3][8] - The management is undergoing a youth revolution, with younger leaders taking charge of departments to drive innovation [5][6] Financial Performance - SenseTime reported a revenue of 3.73 billion yuan for 2024, a year-on-year increase of 10.8%, with generative AI revenue reaching 2.404 billion yuan, up 103% [2][17] - The company is investing heavily in R&D, with expenditures of 4.131 billion yuan in 2024, reflecting a 19.2% increase from the previous year [17] Market Position - SenseTime's core business has been affected by the pandemic and the rise of generative AI, prompting a need for new growth engines [10][17] - The company is adapting to the changing landscape by focusing on generative AI and other emerging technologies, while also addressing the challenges posed by competition and market dynamics [10][19] Organizational Changes - The restructuring includes appointing independent CEOs for newly formed subsidiaries, allowing for more agile decision-making and market responsiveness [8][10] - The management team has been reshaped to include diverse perspectives from various business areas, enhancing the company's strategic direction [10][8] Industry Context - The AI sector is characterized by rapid technological advancements and the need for companies to adapt quickly to avoid obsolescence [18][19] - SenseTime's approach serves as a model for other Chinese AI companies facing similar challenges of homogenization and profitability [4][12]

近期活跃于新兴产业投资的无极资本(Infini Capital)，短短半个月内，便投资约77.08亿元参与3家港股的配售融 资： 7月17日，拟以13.08亿港元投资第四范式(06682)，持股4.98%; 7月31日，完成以25亿港元投资商汤(00020)，持股4.31%; 无极资本，成立于2015年，双总部位于香港、阿布扎比，是国际领先的资产管理公司，曾以96%的投资回报率拿 下2021年亚洲对冲基金回报率第一名。 无极资本，由前投行家钱涛(Tony Chin To)创立，他曾就职于摩根士丹利、汇丰银行的并购部门工作。在创立无 极资本之前，他是专注于亚洲金融行业并购和重组机会的香港私募股权公司GCS Capital的合伙人。 钱涛，出生于上海，在香港长大，曾就读于香港的苏浙小学和圣士提反书院，并拥有密歇根大学安娜堡分校的经 济学学士学位。 | | | 2021年亞洲對沖基金回報率排名 | | | --- | --- | --- | --- | | 名灾 | 對沖甚金名稱 | 類型 | 回報率 | | 1 | Infini無極資本 | 多策略 | +96% | | 2 | Tribeca Global Na ...

Core Insights - The 2025 AGIC Shenzhen International General Artificial Intelligence Conference and Expo will take place from August 27 to 29, showcasing over 1,000 companies and covering 80,000 square meters, highlighting the practical applications of "Artificial Intelligence+" [1][4] Group 1: Industry Trends - Large models are transitioning from pure software to hardware, becoming the core operating system for robots, smart terminals, and industrial equipment, demonstrating AI's evolution from code to physical capabilities [2][4] - The conference theme "Model-Driven, Intelligent Future" emphasizes the integration of AI with hardware, showcasing products like sensors from Huawei and robots from DJI, which are now equipped with intelligent cores from major AI models [2][4] Group 2: Event Highlights - The event will feature eight industry scenarios including security, finance, manufacturing, and healthcare, with dedicated exhibition areas for general AI, smart sensing, and intelligent terminals [5] - A total of 100 groundbreaking AI technologies will have their global debut at the conference, covering areas such as AI chips, generative AI, and intelligent robots [6] Group 3: International Participation - Over 20 Japanese companies will participate, showcasing innovations like agricultural robots and collaborative robots, highlighting the global collaboration in AI technology [4][6] - The event has attracted nearly 8,876 overseas buyers from over 30 countries, indicating strong international interest and engagement in the AI sector [6]

Group 1 - The core theme of the conference is "Model-Driven, Intelligent Future," focusing on the integration of AI technology across various industries, showcasing the promising future of "AI+" [1][2] - The event will feature over 1,000 brand enterprises, including leading companies like Tencent, Huawei, Baidu, and others, demonstrating cutting-edge technologies and innovations in the AI sector [2][3] - The conference will include immersive experiences in AI applications across eight major industries, such as security, finance, manufacturing, and healthcare, highlighting the transformative impact of AI on daily life and production [3] Group 2 - New products and technologies will be launched during the conference, covering areas like AI chips, generative AI, intelligent robots, and more, allowing attendees to experience the latest innovations firsthand [4] - The event will also release the "China Artificial Intelligence Industry White Paper" and the "Artificial Intelligence Development in the Greater Bay Area," providing insights into industry trends and guiding sustainable development [4] - A significant number of overseas buyers, with 8,876 registered for attendance, will participate in the conference, promoting a collaborative ecosystem among industry, academia, and research [4]

Core Viewpoint - SenseTime has launched the "Wuneng" embodied intelligence platform, which utilizes its embodied world model as the core engine to provide sensory, visual navigation, and multimodal interaction capabilities for robots and smart devices [1][2][10] Group 1: Technology and Functionality - The "Wuneng" platform is based on a complex dynamic system known as the embodied world model, which continuously learns and integrates vast amounts of data to create a digital mirror of the physical world [2][3] - The platform's sensory capabilities allow it to analyze environmental information by integrating various sensor data, enabling robots to recognize furniture layouts and household members in home settings [4] - The visual navigation function helps devices autonomously navigate by planning paths and avoiding obstacles, applicable in structured environments like warehouses [4] - Multimodal interaction supports both voice and visual commands, enhancing user experience by allowing devices to respond to voice instructions and recognize simple gestures [4][8] Group 2: Hardware Adaptability and Application - The platform is adaptable to various hardware, including humanoid robots and service robots, providing flexibility for different applications [5][6] - This adaptability allows for testing in various scenarios, offering technology integration options for hardware manufacturers [6][7] - The platform's ability to embed in edge-side chips reduces reliance on cloud computing, improving response times and functionality in unstable network conditions [8] Group 3: Market Impact and Future Development - The "Wuneng" platform represents a practical exploration of embodied intelligence, pushing the concept into real-world applications and providing new technological pathways for smart device development [11][14] - The platform's current capabilities offer potential for meeting user needs, with ongoing improvements aimed at enhancing user experience and stability [12][14] - Cost control is a critical factor in the platform's implementation, as integration and manufacturing costs will influence its widespread adoption [13][14] - The development of such platforms relies on the speed of technological iteration, market feedback, and the depth of industry collaboration, requiring time to demonstrate final effectiveness [15]

风险提示：以上内容仅作为作者或者嘉宾的观点，不代表和讯的任何立场，不构成与和讯相关的任何投 资建议。在作出任何投资决定前，投资者应根据自身情况考虑投资产品相关的风险因素，并于需要时咨 询专业投资顾问意见。和讯竭力但不能证实上述内容的真实性、准确性和原创性，对此和讯不做任何保 证和承诺。 和讯自选股写手 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 股票名称 板块名称 世界模型、AI发展阶段、商汤科技 ...

Core Insights - Major tech companies are accelerating their investments and developments in the field of embodied intelligence, with a total of 23 funding rounds reported in 2023 from seven major firms including Tencent, Alibaba, Meituan, Baidu, JD.com, and Xiaomi [6][11][12] - Tencent launched the Tairos platform, a modular software platform for embodied intelligence, which aims to empower the robotics industry by providing essential software capabilities [6][7][8][13] - JD.com has been increasingly visible in the embodied intelligence sector, announcing partnerships with numerous robotics companies and launching its own brand, JoyInside, focused on intelligent interaction [9][10][12] Investment and Development - The seven major companies have made a total of 23 investments in embodied intelligence firms this year, with Alibaba leading with six investments, followed by Meituan with five, and JD.com with four [11] - JD.com has established a dedicated business unit for embodied intelligence, focusing on home applications and leveraging its existing supply chain and data capabilities [12] Product Launches and Collaborations - Tencent's Tairos platform includes multi-modal perception models and cloud services, enabling robots to perform complex tasks autonomously [8][13] - JD.com's JoyInside brand collaborates with various robotics companies to integrate dialogue-driven intelligent agents into robots and AI toys [10][12] - NetEase launched its "Lingjue" model specifically for outdoor mining excavators, achieving an 80% efficiency rate compared to human workers [10][13] Strategic Focus - Major companies are focusing on data, platforms, and models rather than hardware, as they seek to establish a strong position in the embodied intelligence ecosystem [15][16] - The industry is currently in a "positioning" phase, with companies aiming to secure key roles in the future of embodied intelligence [19][20] Technological Advancements - SenseTime introduced its "Wuneng" platform, which utilizes a world model to enhance the capabilities of robots and smart devices [9][14] - Zhiyuan Robotics has developed a comprehensive system integrating robot bodies, motion intelligence, interaction intelligence, and operational intelligence, showcasing a full-stack approach to embodied intelligence [18]

根据认购协议的条款及条件，按每股认购股份1.50港元的认购价已认购合共16.67亿股认购股份，相当于 (i)紧接完成前已发行B类股份数目约4.58%及已发行股份数目约4.50%;及(ii)经配发及发行认购股份扩大 后已发行B类股份数目约4.38%及现有已发行股份数目约4.31%。 商汤-W(00020)发布公告，(i)认购协议载列的所有条件均已达成，并于2025年7月31日已根据认购协议的 条款落实完成;及(ii)配售协议载列的所有条件均已达成，而配售协议项下的完成认购认购股份，已根据 配售协议的条款于2025年7月31日落实。 ...