Core Insights - The 20th China IDC Industry Annual Conference (IDCC2025) and Digital Infrastructure Technology Expo (DITExpo) was held in Beijing, marking a significant milestone in the IDC industry, themed "Reshaping Computing Power, Breaking Boundaries" [1][3] - The IDC industry in China has evolved from a market size of 2.16 billion yuan in 2006 to approaching a trillion yuan, transitioning from basic server hosting to a comprehensive intelligent computing power hub covering AI training, inference, and cloud computing [3][8] - The event gathered thousands of representatives from government, academia, and industry to discuss the future of the computing power industry and its next golden decade [3][8] Event Highlights - The DITExpo was officially launched during the conference, attended by prominent figures from academia and industry, symbolizing a new development stage for China's digital infrastructure industry [7][10] - Huang Chao, CEO of China IDC Circle, highlighted the IDC industry's journey over the past 20 years, noting its growth from hundreds of millions to nearly a trillion yuan, and the impact of national strategies like "New Infrastructure" and "East Data West Computing" [8][10] - The conference featured various keynote speeches and discussions on topics such as AI model inference systems, green computing, and the collaboration between computing power and electricity [12][14][18] Industry Trends and Reports - A report presented at the conference indicated that the demand for intelligent computing power is expected to grow at a compound annual growth rate of 49% over the next three years, with the total scale of data centers in China projected to exceed 25 GW by 2025 [31][33] - The report also emphasized the importance of green computing as a core competitive factor, with new projects increasingly requiring green electricity ratios [33] - The issuance of public REITs by companies like GDS and Runze marks a significant breakthrough in the capital market for the data center industry, paving the way for the securitization of computing power infrastructure [33] Awards and Recognition - The conference included the 2025 China IDC Industry Annual Awards, recognizing outstanding contributions to the development of the computing power industry [34][36] - Awards were given in various categories, including AI+DC innovation practices and green computing centers, showcasing the highest standards of technological innovation in the IDC industry [34][36] Future Outlook - The next decade is anticipated to be a period of rapid development for intelligent computing, with data centers evolving towards large-scale, high-density, and green low-carbon models [44][48] - The industry is expected to focus on deep collaboration between computing power and electricity, as well as the service-oriented and asset-oriented evolution of computing power [48] - The China IDC Circle aims to continue its role as a builder of the digital infrastructure ecosystem, contributing to the development of the digital economy and the construction of a digital China [48]

Core Viewpoint - The artificial intelligence (AI) concept stocks have shown strong performance, with notable increases in share prices for several companies, indicating a positive market sentiment towards AI technologies [1][2] Group 1: Stock Performance - Lion Group (02562) increased by 6.72% - ZhiZi City Technology (09911) rose by 6.43% - SenseTime-W (00020) gained 5.21% - Weimob Group (02013) saw a rise of 5.13% - GDS Holdings Limited-SW (09698) increased by 2.33% - Fourth Paradigm (06682) rose by 2.38% [1][2] Group 2: Research Insights - CITIC Securities' report highlights the convenience features of Doubao AI phone, showcasing the potential of edge-side agents; however, it also points out the limitations due to various application permissions and interface restrictions, reflecting the current fragmentation in the traditional smartphone ecosystem [1][2] - The report suggests that for AI phones to achieve large-scale adoption, there is a need to redefine the collaboration between AI, applications, and operating systems, indicating potential restructuring of existing ecosystem boundaries and roles [1][2] - China Galaxy Securities notes that while overseas large models face high cost issues in the short term, the trend towards accelerated implementation of AI agents remains unchanged despite the current mismatch in technology maturity and commercialization pace [1][2]

每经AI快讯，商汤-W(00020.HK)早盘一度涨超6%，截至发稿，涨4.74%，报2.2港元，成交额7.85亿港 元。 ...

商汤-W(00020)早盘涨超6%，截至发稿，涨4.74%，报2.2港元，成交额7.85亿港元。 消息面上，近日，大晓机器人对外官宣，将于12月18日正式亮相，重磅发布多项全球领先的技术与产品 阵列，并将推出首个国内开源且实现商业应用的"开悟"世界模型3.0。同时，大晓机器人将发布全球首 创ACE技术范式，构建以视觉为基础的"环境式采集+世界模型+具身基模型"的全链路技术体系。据 悉，大晓机器人是商汤科技"1+X"分拆战略下，聚焦具身智能赛道的独立运作实体。 值得一提的是，大晓机器人同步将重磅发布具身超级大脑模组A1，搭载首创纯视觉无图端到端VLA具 身智能模型，具备行业颠覆性的自主导航能力。基于具身超级大脑模组A1，大晓机器人将与国内领先 的具身智能企业达成战略合作，在安防、巡检等工业场景下快速部署机器狗，并不断拓展使用场景，推 动规模化商业落地。商汤科技联合创始人、大晓机器人董事长王晓刚表示，该款机器狗具有空间自主能 力，明年将大规模商业推广，初期主要在文旅、智慧城市场景应用验证，目标明年出货逾千台。 ...

消息面上，近日，大晓机器人对外官宣，将于12月18日正式亮相，重磅发布多项全球领先的技术与产品 阵列，并将推出首个国内开源且实现商业应用的"开悟"世界模型3.0。同时，大晓机器人将发布全球首 创ACE技术范式，构建以视觉为基础的"环境式采集+世界模型+具身基模型"的全链路技术体系。据 悉，大晓机器人是商汤科技 "1+X" 分拆战略下，聚焦具身智能赛道的独立运作实体。 智通财经APP获悉，商汤-W(00020)早盘涨超6%，截至发稿，涨4.74%，报2.2港元，成交额7.85亿港 元。 值得一提的是，大晓机器人同步将重磅发布具身超级大脑模组A1，搭载首创纯视觉无图端到端VLA具 身智能模型，具备行业颠覆性的自主导航能力。基于具身超级大脑模组A1，大晓机器人将与国内领先 的具身智能企业达成战略合作，在安防、巡检等工业场景下快速部署机器狗，并不断拓展使用场景，推 动规模化商业落地。商汤科技联合创始人、大晓机器人董事长王晓刚表示，该款机器狗具有空间自主能 力，明年将大规模商业推广，初期主要在文旅、智慧城市场景应用验证，目标明年出货逾千台。 ...

Core Insights - The top three companies by Hong Kong Stock Connect shareholding ratios are China Telecom (72.50%), Power Assets Holdings (69.68%), and GCL-Poly Energy Holdings (69.67%) [1][2] - Xiaomi Group-W, Tracker Fund of Hong Kong, and China Merchants Bank saw the largest increases in shareholding amounts over the last five trading days, with increases of +4.913 billion, +2.976 billion, and +1.548 billion respectively [1][2] - The companies with the largest decreases in shareholding amounts during the same period include WanGuo Gold Group (-3.816 billion), Tencent Holdings (-2.649 billion), and Alibaba Group-W (-1.421 billion) [1][2] Shareholding Ratios - The latest shareholding ratios for the top 20 companies in Hong Kong Stock Connect are led by: - China Telecom (100.63 billion shares, 72.50%) - Power Assets Holdings (3.72 billion shares, 69.68%) - GCL-Poly Energy Holdings (2.82 billion shares, 69.67%) [1] Recent Increases in Shareholding - The top 10 companies with the largest increases in shareholding amounts over the last five trading days are: - Xiaomi Group-W: +4.913 billion (11.647 million shares) - Tracker Fund of Hong Kong: +2.976 billion (11.551 million shares) - China Merchants Bank: +1.548 billion (3.028 million shares) [1][2] Recent Decreases in Shareholding - The top 10 companies with the largest decreases in shareholding amounts over the last five trading days are: - WanGuo Gold Group: -3.816 billion (-49.945 million shares) - Tencent Holdings: -2.649 billion (-4.403 million shares) - Alibaba Group-W: -1.421 billion (-9.435 million shares) [1][2]

Group 1 - The "2025 SenseTime Technology AI Forum" was successfully held, focusing on key topics such as breakthroughs in multimodal large models, embodied intelligence, and industrial intelligence upgrades [1] - SenseTime's CEO Xu Li emphasized that the past decade has seen rapid changes in AI cognition, marking a significant technological wave that is reshaping work across industries [1] - SenseTime aims to leverage Hong Kong's favorable innovation and technology environment to connect national AI strategies with global innovation networks, serving both local and international markets [1] Group 2 - SenseTime's co-founder and Chief Scientist Lin Dahua highlighted challenges in AI industrialization, including reliability, professional data, spatial understanding, and cost [1] - SenseTime is innovating through foundational technologies such as native multimodal fusion architecture and high-efficiency reasoning systems to enhance spatial cognition and real-time interaction capabilities [1] - The forum also discussed how AI can drive deep paradigm shifts in enterprises, with SenseTime's Asia-Pacific business serving nearly 500 clients, 70% of whom maintain long-term partnerships [2] Group 3 - Wang Xiaogang, co-founder of SenseTime and Chairman of Daxiao Robotics, announced the upcoming launch of Daxiao Robotics on December 18, introducing leading technologies and the first domestic open-source "KAIWU" world model 3.0 [2] - The forum emphasized the integration of "model-hardware-scene" ecosystems to promote breakthroughs in embodied intelligence across various applications, including industrial manufacturing and home companionship [2] - SenseTime's Visual AI 2.0, empowered by large language models, transforms real-time video analysis into actionable solutions, marking a new growth phase for visual AI [2]

Core Insights - The field of embodied intelligence is at a crossroads of technological explosion and commercial realization, with significant market potential but also challenges in practical application [1] - The establishment of "Daxiao Robotics" under the leadership of Wang Xiaogang aims to address the lack of intelligent "brains" in current embodied intelligence solutions [1][4] - Daxiao Robotics adopts a human-centered approach to technology, focusing on capturing real human interactions with the physical world to enhance robot intelligence [1][6] Industry Context - The embodied intelligence market is projected to be worth trillions, with the potential for the number of robots to exceed that of smartphones, comparable in value to the automotive industry [5] - Current industry practices often rely on remote control for data collection, leading to inefficiencies and limitations in robot capabilities [1][6] Company Strategy - Daxiao Robotics will follow an "Apple model" of integrated hardware and software, rather than a fragmented "Android model," to ensure that products effectively solve real-world problems [2][7] - The company plans to leverage its decade-long experience in scene understanding to create a more agile market response and focus on vertical integration [5] Technological Differentiation - Daxiao's "ACE technology paradigm" emphasizes a human-centered approach, contrasting with the prevalent machine-centered methods that lead to data silos and limited capabilities [6] - The upcoming "KAIWU" world model 3.0 aims to provide a deeper understanding of the physical world, integrating various sensory inputs to enhance robot functionality [9] Market Applications - Daxiao Robotics envisions three phases of market application: short-term deployment of quadruped robots for industrial inspections, mid-term use in commercial services, and long-term development of home service robots [8] - The company is focused on creating robots that can autonomously navigate and perform tasks, addressing critical needs in security and logistics [8] Future Outlook - The realization of a "singularity moment" in embodied intelligence, akin to the rise of ChatGPT, hinges on the accumulation of physical interaction data and the integration of diverse sensors [10][11] - Daxiao Robotics is actively working towards this goal by adopting new paradigms to gather high-quality data and accelerate the evolution of embodied intelligence [11]

作者｜黄楠 编辑｜袁斯来 12月9日，在香港科学园2025商汤科技AI论坛上，商汤正式发布旗舰平台"商汤方舟"全面升级路径。 当前，视觉AI已成为智慧城市与产业智能化升级的核心驱动力。然而，传统视觉 AI 的算法生产方式高 度依赖专业算法专家，普遍面临研发周期长、成本高、上手门槛高的三大痛点。随着长尾场景不断涌 现，传统算法模式难以满足规模化应用的需求。 同时，方舟平台正打造"感知—决策—行为"一体化的视觉智能体平台，将数字世界的视觉理解与物理世 界的具身行动打通，支持无人机、机器狗、无人车等异构终端协同感知与决策，推动巡检与巡逻场景迈 向空地一体化智能。 基于多模态大模型能力，商汤方舟SenseFoundry能够高效调度多类视觉模型，构建贯穿场景感知、数据 处理与智能决策的闭环工作流。其核心优势在于突破传统视觉AI的能力边界，不仅"看得见"，更能"读 得懂、会思考、能决策"，推动城市治理从"被动回应"向"主动预判"转变。 这一技术突破也加速了产业智能化进程。在政务领域，商汤科技基于AIGC技术和传统计算机视觉技 术，打造"昆明人工智能赋能中心建设运营一体化项目"，致力于构建一个全方位、多层次的城市级人工 智 ...

据悉，商汤打造了视觉AI2.0"商汤方舟"升级版，并通过"通专融合"和"智训闭环"两大体系全面革新视觉 算法的生产方式。在"通专"模型编排层面，方舟通过轻量小模型与通用大模型的多级协同，实现长尾视 觉任务的渐进式推理，既保障识别精度，又显著降低算力消耗；在"智训"体系方面，方舟以Agentic Training为核心，围绕数据智能构建、模型训练、评估与部署形成全流程闭环，使视觉模型生产从图像 采集到业务决策实现端到端自动化，让一线工程师也能快速构建可用的视觉模型。 同时，方舟平台正打造"感知—决策—行为"一体化的视觉智能体平台，将数字世界的视觉理解与物理世 界的具身行动打通，支持无人机、机器狗、无人车等异构终端协同感知与决策，推动巡检与巡逻场景迈 向空地一体化智能。 视觉AI已成为智慧城市与产业智能化升级的核心驱动力。然而，传统视觉AI的算法生产方式高度依赖 专业算法专家，普遍面临研发周期长、成本高、上手门槛高的三大痛点。近日，在香港上市的商汤科技 与香港科技园公司联合主办的"2025商汤科技AI论坛"于香港科学园圆满落幕。论坛期间，商汤正式发布 旗舰平台"商汤方舟"在大模型时代的全面升级路径，推动视觉AI2 ...