炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 宇树科技创始人王兴兴在采访中表示，今年机器人在快速奔跑中完成了穿插变阵和武术动作。这种高动 态、高协同的集群控制技术是首次亮相，"这个动作非常实用，为后续机器人在其他场景集群或单台机 器人调度做好了铺垫"。 在小品《奶奶的最爱》节目中，具身智能企业松延动力的所有机器人产品全部亮相，包括N系列、E系 列、小布米与仿生人形机器人。春晚舞台上，小布米等人形机器人展示了后空翻、侧手翻、舞蹈等技 能，仿生机器人则还原了"机器人蔡明"，与扮演孙子的王天放"插科打诨"。 2月16日晚，2026年中央广播电视总台春节联欢晚会开播。宇树科技、松延动力、魔法原子、银河通用 等公司的具身智能机器人在春晚舞台高频曝光，冲上微博热搜。 以上图片来源：央视春晚截图 2026年春晚总导演于蕾此前在采访中表示，春晚节目将让观众感受到科技走进生活，展示当下的科创时 代，多家具身智能机器人分别以语言类演出、歌曲演出、武术演出、微电影演出等形式亮相春晚舞台。 此外，春晚视觉团队结合AI技术尝试突破创新，所有视觉变化都在央视一号演播厅内完成，给观众带 来新体验。 机器人在春晚 ...

其中蔡明、王天放和数台机器人共同出演小品《奶奶的最爱》，小品中真假孙子来了个大PK，机器人会撒娇、讲笑话，情绪价 值拉满；还会变魔术、后空翻，技能值爆表。 你看出来哪个是真正的蔡明了吗？ 这是时隔30年，蔡明再次出演机器人，上一次还是1996年春晚。 图源：春晚截图 机器人练武的节目《武BOT》也燃爆全场！ 从去年的《秧BOT》到今年的《武BOT》，机器人变身功夫小子，跳马、后空翻，动作连贯、招招精准。不仅如此，醉拳、双 节棍，它们也不在话下。丝滑连招，在春晚舞台上生动演绎赛博版"以武会友"。 为上春晚豪掷千金，四家机器人厂商同台pk 2月16日晚，2026年中央广播电视总台春节联欢晚会开播，机器人又来大展拳脚！ 银河通用成立于2023年5月，专注于通用机器人，已在商业、工业、医疗等场景中应用。2025年12月，银河通用完成新一轮3亿 美元融资，最新估值已达30亿美元。此前，银河通用完成股改，被认为是在为赴港上市做准备，但公司方对此作出了否认。 今年总台春晚已官宣的合作伙伴已超20家。其中，自去年蛇年央视春晚，宇树科技机器人凭借一把扭秧歌一炮走红后，春晚成 为机器人厂商的营销秀场。 经过一年，行业正快速演进至 ...

Group 1 - Major tech companies were interviewed by the market regulatory authority to eliminate "involution-style" competition and ensure compliance with various laws [3] - Baidu's Wenxin Assistant saw a fourfold increase in monthly active users, with significant growth in AI-generated content features [4][6] - Insta360's annual meeting featured extravagant prizes, including five apartments and luxury cars, highlighting the company's focus on employee recognition and long-term value [7][8] Group 2 - DeepSeek's recent update led to user dissatisfaction due to perceived loss of personality in interactions, prompting calls for a rollback to previous versions [9][10] - Alphabet raised $31.51 billion through a large-scale bond issuance, reflecting strong demand for cloud service providers despite concerns over investor protection [11] - Disney accused ByteDance of copyright infringement related to its AI video generation model Seedance, marking a significant legal challenge for the company [12][13] Group 3 - Douyin launched a new app "Dou Sheng Sheng" to enhance its local life group buying business, aiming to compete in a less saturated market [18] - Elon Musk proposed building a factory on the moon to produce AI satellites, emphasizing the need for advanced computational resources [19] - A Stanford graduate developed an AI dating app called Date Drop, which has gained popularity among students, indicating a growing trend in tech-driven social solutions [20][21] Group 4 - Zhizhu announced a price increase for its GLM Coding Plan subscriptions, reflecting the rising costs associated with AI model development [16][17] - The URKL robot fighting league was launched to accelerate advancements in humanoid robotics, drawing parallels to F1 and NBA in terms of industry impact [21][22] - OpenAI released the GPT-5.3-Codex-Spark model, designed for real-time programming, showcasing advancements in AI-assisted software development [22][23]

在广州海心沙全空间智能体验中心，前来参加APEC"中国年"首场正式活动的百余位政府官员，被现场 演示自主售卖爆米花的人形机器人所吸引，他们一边驻足参观，一边交流问询，深度了解中国科技创新 的最新成果。 上述机器人来自深圳越疆科技，正是年初火爆全网的越疆全自主人形机器人Atom。彼时，Atom进驻深 圳电影院，在无人辅助情况下，每日连续工作14个小时，实现日销爆米花1000杯、单日营收突破2万元 的业绩。 这是全球首例在复杂商业环境中，全自主运营的技术突破与应用落地，展现了该款机器人自身成熟的技 术实力与商业化落地方面的初步成果。 接下来则是量产。在参与APEC"中国年"活动展演前夕，越疆正式启动第三批全尺寸工业人形机器人 Atom的量产交付，开始奔赴更广阔、更真实的产业前线。 "对我们而言，量产绝非简单的数量叠加。行业的共识日益清晰，机器人的终极价值在于成为务实的生 产力工具。量产能力是区分'实验室概念'与'工业化产品'的最关键标尺。"越疆科技市场总监谢凯旋告诉 南方财经记者。 在我国"十五五"规划建议中，具身智能被列为未来产业的核心。站在从技术突破到产业爆发的关键窗 口，以越疆为代表的广东机器人企业，正在致 ...

Group 1 - The first Global Humanoid Robot Free Fighting League (URKL) was launched in Shenzhen, attracting global attention from the technology and sports sectors [3][5] - The championship team will receive a 10-kilogram gold belt valued at 10 million yuan, symbolizing the highest honor and recognition of technological prowess and innovation [5][6] - The event aims to push technology from the lab to practical applications, serving as a "touchstone" for innovation and talent discovery in the humanoid robotics field [6][7] Group 2 - The competition rules emphasize non-violent, technical contests, focusing on robot control, balance, perception, and decision-making under pressure [5][6] - The humanoid robotics market is entering a phase of large-scale production, with companies like Yushu Technology and Zhiyuan Robotics leading the way, each expected to exceed 5,000 units in actual shipments by 2025 [6][7] - The URKL serves as a platform for international technical exchange and competition, exploring the integration of technology, sports, and culture [7][8] Group 3 - The competition is designed to test the reliability and intelligence of humanoid robots in high-intensity environments, addressing challenges such as maintaining balance and executing tactical tasks under constraints [6][8] - The event is seen as a collective "stress test" for the humanoid robotics industry, transitioning from demonstration to practical applications [8]

Core Insights - Shenzhen has transformed into a global hub for robotics innovation, supported by over 74,000 related enterprises, leveraging its historical strengths in electronic information manufacturing and a vibrant innovation ecosystem [1][2] Industry Overview - The robotics industry in Shenzhen has a complete supply chain covering upstream core components, midstream manufacturing, and downstream application scenarios, showcasing a robust industrial ecosystem [4] - Key players in the upstream include companies like Zhaowei Electromechanical and SUTENG, while midstream manufacturers include UBTECH and others, with applications spanning various sectors [4] Market Performance - The added value of Shenzhen's robotics industry reached 5.559 billion yuan in the first three quarters of 2025, reflecting a year-on-year growth of 31.4%, indicating strong development momentum [5] Innovation and Development - Shenzhen is fostering an environment for innovation by establishing the first AI (robotics) bureau in Longgang District to streamline industry management and support [7] - The city has implemented a policy framework to lower innovation barriers, including financial support for AI model training and data procurement [8] Collaborative Ecosystem - The "robotics valley" in Nanshan District is emerging as a center for innovation, with collaboration among universities, research institutes, and enterprises, creating a "15-minute innovation circle" [10] - The integration of automotive and robotics industries is becoming a trend, with local automotive companies exploring cross-industry applications of robotics technology [10] Future Goals - The "Shenzhen Action Plan for Embodied Intelligent Robotics Technology Innovation and Industry Development (2025-2027)" aims for the related industry scale to exceed 100 billion yuan by 2027, focusing on key technology areas [12]

Core Insights - Shenzhen has over 74,000 companies in the robotics industry chain, transforming into a global innovation hub for robotics and embodied intelligence [1][2] - The city has developed a comprehensive industrial system covering upstream core components, midstream manufacturing, and downstream application scenarios, enhancing its competitive edge [4][5] - Shenzhen's robotics industry achieved a value-added of 5.559 billion yuan in the first three quarters of 2025, reflecting a year-on-year growth of 31.4% [5] Industry Development - Shenzhen's "Robot Valley" is emerging as a national and global center for robotics technology innovation and application demonstration, supported by leading companies like UBTECH and Yujian Technology [2] - The city has established a full-chain industrial system, with key players in core components such as micro-drive systems and laser radar, and leading manufacturers in the midstream sector [4][5] - The integration of various sectors, including automotive and robotics, is driving innovation and creating new market opportunities [9] Policy and Innovation - Shenzhen has implemented a policy framework to lower innovation barriers, including a unique support system for AI model training and data procurement [8] - The establishment of the first AI (robotics) bureau in Longgang District aims to streamline industry management and enhance service responsiveness [7] - The city is focusing on key technology areas such as high-energy density micro-motors and multi-modal sensors, with a goal to reach an industry scale of over 100 billion yuan by 2027 [10]

海报制作：智通财经/李耀琪 智通财经记者 | 伍洋宇 2025年接近年末，绿洲资本创始合伙人张津剑跟成立刚一年的具身智能创企HillBot联合创始人苏昊共进了一顿晚餐。 苏昊给张津剑展示了一些数据，进而抛出一个想法：他觉得具身智能即将在2026上半年走到GPT-2时刻。 这在行业内并不是共识。更多受访者认为，行业应该还没走到GPT-1。 具身智能赛道火在大模型之后，又与大模型紧密相关。尽管从技术上无法完全对标，但投资人愿意用"GPT-1"之类的表述试图对行业发展阶段进行定位 ——这从根本上影响他们选择是否加码、何时加码以及加多少码。 "GPT-1是搭建一个验证它是否可行的技术环境，GPT-2是本质上证明了某些技术路径是可行的。"张津剑对所谓具身智能的"GPT"时刻下如此定义。 这种定位十分重要。假设你在GPT-3.5和GPT-1/2两个时期投进OpenAI，那么2026年你得到的估值增长将分别是30倍和大约100倍。 奇怪的是，具身智能还远远没有走到GPT-3.5阶段，只因宇树科技在2025年春晚舞台上意外走红，就提前浮出了水面。 此后一年，行业投融资格局发生了翻天覆地的变化——已经入局的投资者继续加码，尚未 ...

2025年接近年末，绿洲资本创始合伙人张津剑跟成立刚一年的具身智能创企HillBot联合创始人苏昊共进了一顿晚餐。 苏昊给张津剑展示了一些数据，进而抛出一个想法：他觉得具身智能即将在2026上半年走到GPT-2时刻。 这在行业内并不是共识。更多受访者认为，行业应该还没走到GPT-1。 具身智能赛道火在大模型之后，又与大模型紧密相关。尽管从技术上无法完全对标，但投资人愿意用"GPT-1"之类的表述试图对行业发展阶段进行定位 ——这从根本上影响他们选择是否加码、何时加码以及加多少码。 "GPT-1是搭建一个验证它是否可行的技术环境，GPT-2是本质上证明了某些技术路径是可行的。"张津剑对所谓具身智能的"GPT"时刻下如此定义。 这种定位十分重要。假设你在GPT-3.5和GPT-1/2两个时期投进OpenAI，那么2026年你得到的估值增长将分别是30倍和大约100倍。 奇怪的是，具身智能还远远没有走到GPT-3.5阶段，只因宇树科技在2025年春晚舞台上意外走红，就提前浮出了水面。 "好在最后磨下来了点（额度），但真的是'生磨'。" 类似的例子有很多。另一位AI领域投资人告诉智通财经记者，三年前曾有一个具身智能项 ...

"GPT-1是搭建一个验证它是否可行的技术环境，GPT-2是本质上证明了某些技术路径是可行的。"张津剑对所谓具身智能的"GPT"时刻下如此定义。 智通财经记者 | 伍洋宇 智通财经编辑 | 文姝琪 2025年接近年末，绿洲资本创始合伙人张津剑跟成立刚一年的具身智能创企HillBot联合创始人苏昊共进了一顿晚餐。 苏昊给张津剑展示了一些数据，进而抛出一个想法：他觉得具身智能即将在2026上半年走到GPT-2时刻。 这在行业内并不是共识。更多受访者认为，行业应该还没走到GPT-1。 具身智能赛道火在大模型之后，又与大模型紧密相关。尽管从技术上无法完全对标，但投资人愿意用"GPT-1"之类的表述试图对行业发展阶段进行定位—— 这从根本上影响他们选择是否加码、何时加码以及加多少码。 这种定位十分重要。假设你在GPT-3.5和GPT-1/2两个时期投进OpenAI，那么2026年你得到的估值增长将分别是30倍和大约100倍。 奇怪的是，具身智能还远远没有走到GPT-3.5阶段，只因宇树科技在2025年春晚舞台上意外走红，就提前浮出了水面。 此后一年，行业投融资格局发生了翻天覆地的变化——已经入局的投资者继续加码，尚未出 ...