IPO前，明略创始人吴明辉和善友教授都聊了这些……

Core Insights - Minglue Technology officially listed on the Hong Kong Stock Exchange on November 3, 2025, becoming the "first global Agentic AI stock" [1] - The company's growth has been synchronized with the evolution of China's technology industry over the past 19 years, from its entrepreneurial beginnings at Peking University to the current era of large models [1] Group 1: Key Themes from the Dialogue - The dialogue between Professor Li Shanyou and CEO Wu Minghui delves into the pivotal moments that shaped both the individual and the company beyond commercial narratives [2][3] - Wu Minghui articulates how "mathematics" serves as his foundational operating system for understanding the world and solving problems, expressing his appreciation for the "beauty of mathematics" [4] - A profound personal mission is shared, where Wu aspires to inscribe the "mathematical principles of human-machine collaborative trust" on his tombstone, reflecting the romantic pursuit of a scholar-entrepreneur [5] Group 2: Company Challenges and Innovations - Wu recounts a significant challenge faced in 2022, where the company burned through 4 billion in funding, leaving only 200-300 million while facing monthly expenditures exceeding 100 million, leading to layoffs and a collapse of team trust [5] - A "moment of divine inspiration" occurred during the 2025 Spring Festival, where the capabilities of DeepSeek illuminated a path to integrate AI capabilities with the company's core data assets [5] - The new product DeepMiner was strategically developed to focus on a narrow niche—effectiveness advertising data analysis—contrasting with previous broader gambles, showcasing a new approach to strategic pacing, technical feasibility, and organizational capability [5]