随着马斯克明确给出脑机接口设备的量产时间表，这一前沿赛道正从实验室的科学探索加速走向商业化落地，行业或将迎来从"医疗试验品"向"大 众消费品"跨越的关键转折点。 2026年A股开盘首日，脑机接口板块表现强势。倍益康30CM涨停，三博脑科、翔宇医疗、美好医疗、爱朋医疗、诚益通、伟思医疗等多股20CM 涨停，市场资金对脑机接口商业化前景展现出极高预期。 | 代码 | 名称 | 现价 | 涨跌幅 ▼ | 涨跌 | 换手率 | | --- | --- | --- | --- | --- | --- | | 688108 | 賽诺医疗 | 23.09 | 20.01% | 3.85 | 14.83% | | 300238 | 冠昊生物 | 16.62 | 20.00% | 2.77 | 13.53% | | 300753 | 爰朋医疗 | 33.30 | 20.00% | 5.55 | 21.10% | | 301363 | 美好医疗 | 28.86 | 20.00% | 4.81 | 1.93% | | 688626 | 翔宇医疗 | 72.60 | 20.00% | 12.10 | 3.36% | | 300003 ...

机械设备 机械设备 2026 年 01 月 04 日 投资评级：看好（维持） 马斯克宏图的下一个篇章：脑机接口，2026 年将启 动大规模量产，有望解锁人机协同终极形态 ——行业周报 行业走势图 数据来源：聚源 -14% 0% 14% 29% 43% 58% 2025-01 2025-05 2025-09 机械设备 沪深300 相关研究报告 《技术进化的 2025，走向量产的 2026， 人形机器人"黄金十年"启幕—行业 点评报告》-2025.12.29 《"结构件"与"手套"：特斯拉 Optimus 机器人轻量化的"关键一环"—行业 点评报告》-2025.12.22 《人形机器人的"起跑时刻"，把握低 Neuralink 计划 2026 年启动大规模生产，商业化进程提速 近期，埃隆·马斯克在社交媒体表态，旗下 Neuralink 将在 2026 年启动脑机接口 设备大规模生产，并同步推进流程高度精简、几乎完全自动化的手术方案，最关 键的突破在于，设备中的电极丝将直接穿过硬脑膜，而无需将其切除。这一方案 有望避免传统侵入式设备的创伤性瓶颈，还可以通过自动化手术实现效率与成本 的双向优化。同时 OpenAI 首 ...

Core Insights - The entertainment industry is on the brink of significant changes driven by generational shifts in content consumption and creation, particularly influenced by platforms like Douyin [1] - The rise of AI is heralding a new productivity revolution in content production, which is expected to reshape the operational paths of IP and the landscape of downstream platforms [1] Group 1: Family Entertainment - The concept of family entertainment is evolving, with a focus on cross-generational empathy as the core element, as evidenced by the success of films like "Nezha 2" which grossed 15.4 billion [2] - The new phase of family entertainment is characterized by catering to diverse audience segments, with productions like "Sheng Wan Wu" appealing to both older and younger viewers [2] Group 2: Market Recovery - The industry is increasingly focused on practical solutions for market recovery, with the importance of blockbuster content being amplified to boost confidence and stabilize expectations [3] - Recovery strategies will involve a mix of releasing backlog projects and returning to strong genre content, emphasizing the need for content to flow to create market repair opportunities [3] Group 3: AI Production Capacity - AI has transitioned from experimental phases to becoming a crucial driver of productivity in the entertainment sector, with many companies integrating AI into traditional production processes [4] - The emergence of AI agents signifies a shift towards a more platformized and streamlined production structure, moving away from project-based models [4] Group 4: Electronic Actors - 2025 is marked as the year of electronic actors, with AI-generated performers beginning to establish themselves as professional artists, as seen with AI singer Yuri's successful MV [6] - AI actors are expected to play a significant role in reducing production costs for localized content and enhancing engagement with overseas audiences [6] Group 5: Human-Machine Collaboration - Human-machine collaboration in creative processes is redefining the roles and capabilities of creators, allowing AI to assist in creative ideation and decision-making [7] - This trend is expected to lower creative barriers and foster diverse expressions, while also raising questions about copyright and ethical considerations [7] Group 6: AI Content Quality Concerns - The proliferation of AI-generated content is leading to an influx of low-quality, homogeneous material, which risks diminishing user engagement and attention [8] - Platforms are facing challenges in balancing traffic and content quality, necessitating new content standards to maintain a healthy ecosystem [8] Group 7: Cyber Burnout - Users are experiencing cyber burnout due to the overwhelming volume of fragmented content, prompting a shift towards more immersive long-form content and offline experiences [9] - Platforms are investing in high-quality content to counteract this trend, as seen with Douyin's focus on premium offerings [9] Group 8: Aesthetic Trends - The "rough edge aesthetic" is emerging as a response to the polished AI-generated content, emphasizing authenticity and rawness in short videos [10][11] - This trend is fostering a unique sub-ecosystem of creators who prioritize genuine storytelling over perfection [11] Group 9: Individual Imaging Era - The new generation is increasingly using video as a primary form of social expression, supported by affordable professional equipment and user-friendly editing tools [12] - This shift is leading to a rise in personal storytelling and diverse aesthetic expressions, becoming a vital source of content vitality [12] Group 10: IP Development - The ByteDance ecosystem is facilitating the incubation of more IPs, with short dramas gaining strength in their ability to carry IP value, as demonstrated by successful series [13] - The music sector is witnessing a transformation, with platforms like Qishui Music rapidly growing and reshaping the competitive landscape [14] Group 11: Short Drama Evolution - 2025 is a pivotal year for short dramas, with significant growth in user engagement and the emergence of new stars, indicating a shift in the entertainment landscape [15] - The industry is questioning whether short dramas can produce universally appealing breakout stars, potentially rewriting the power dynamics in entertainment [16] Group 12: Market Segmentation - The short drama market is expanding into lower-tier markets, focusing on relatable themes for specific demographics, leading to a cost-effective production model [17] - This segmentation is creating a robust production system that efficiently meets the needs of targeted audiences [17] Group 13: Vertical Distribution - Vertical distribution is gaining traction in the film market, allowing for more stable revenue streams by connecting specific films with niche audiences [18] - The success of targeted distribution strategies is evident in the growth of companies focusing on high-quality niche content [18] Group 14: Niche Economy - The entertainment landscape is increasingly defined by niche economies, where success is achieved within specific interest groups rather than broad audiences [19] - This trend is fostering micro-communities that engage deeply with content, creating a self-sustaining commercial ecosystem [19] Group 15: Self-Identity Focus - Consumers are prioritizing self-identity and active participation in content creation, seeking deeper experiences and social connections through their consumption [20] - This shift is reflected in the rise of immersive experiences and fan-driven events that enhance community engagement [21] Group 16: Affordable Idols - The idol industry is decentralizing, with new avenues for aspiring performers emerging through live streaming and interactive experiences [22] - This trend is transforming audience roles from passive viewers to active participants, fostering closer emotional connections [22] Group 17: New Trends in Trendy Toys - The demand for trendy toys is surging, prompting new narratives and strategies from brands to engage younger consumers [23] - Brands are exploring direct-to-consumer models and leveraging social media to connect with target audiences [23] Group 18: IP Saturation - The IP market is experiencing intense competition, leading to a higher frequency of IP turnover and a need for strategic management of IP assets [24] - This saturation is raising concerns about the longevity and viability of individual IPs in a crowded marketplace [25] Group 19: Global Cultural Symbols - Chinese pop culture is beginning to establish its own global symbols, with brands like labubu gaining international recognition [26] - This development signifies a new phase in cultural export, with opportunities for content companies to participate in creating globally recognized cultural icons [26] Group 20: Event Festivals - Sports events are evolving into comprehensive experiences that blend entertainment, social interaction, and cultural engagement [27] - This trend is activating local economies and fostering community identity through integrated event experiences [27]

转自：央视新闻客户端 2026年来了，不管你愿意不愿意，主动还是被动，有一种力量在新的一年肯定会给我们带来越来越强烈的深刻影响，没错，就是AI人工智能。AI已经不再 是概念和愿景，而是开始真实地走进企业和家庭，重新定义人类的工作和生活。您随口问AI一个复杂问题，它即时就能给出清晰的答案，您想写一份文 案、做一个设计，它分分钟就会拿出好几个版本。更不用说人形机器人不仅走进了工厂的智能车间，更以相对亲民的价格开始登陆家电卖场，成为家庭可以 购买的商品。迈过2025，走进2026，面对新一轮科技革命的加速演变，特别是面对人工智能商业化的高歌猛进，一个长久以来的忧虑也变得越来越清晰，那 就是当人工智能真的开始替代人类工作，我们是不是做好了准备？01不断实现突破人工智能走进日常生活元旦假期第二天，刚刚开业的宇树科技全球首家线 下门店，围满了顾客。 顾客 张女士：它能像人一样，不是三点或者四点触地，而是能双脚触地，平衡感做得还是很厉害的。 门店展出的是一款被称作"AI化身"的机器人，售价99000元，还有两款价格在一万到两万元之间的机器狗。谁能想到，刚刚进入2026年，在商场零售空间， 大家可以像买手机一样，选购一款机器 ...

近日，2025年"100+艺术季"在深圳龙岗布吉文体中心举办。本届艺术季汇聚亚洲百余名青年艺术家，集 中呈现三千余件跨界作品。记者在现场观察到，除了展品本身的数字化呈现，参展团队的工作方式也出 现了智能化变革——部分团队尝试将AI智能穿戴设备带入策展一线，成为现场媒体关注的焦点。 来源：环球网 行业观察人士指出，在数字化时代，AI技术的赋能本质是优化协作，而非取代主体。从本届艺术季的 实践来看，这种"人机协同"的新型算力辅助模式，有效降低了复杂项目中的沟通成本，提升现场决策的 响应速度与优化信息流转的精确度，但审美决策与价值判断始终由艺术家主导。这一分工厘清了工具边 界，印证了"艺术家本身"，才是创作与协作模式中的根本内核，这或将为未来专业领域工作流的智能化 变革提供有益借鉴。 与传统侧重"生理监测"的穿戴式设备不同，该类设备在展会中被定位为面向AI时代的"贴身智库"。在导 览环节，外脑支持展项资料与话术的云端即时调取；面对现场突发的策划调整，其内置智能体为艺术家 团队提供了实时数据分析及路径建议。此外，设备提供第一视角拍摄功能，将团队成员转化为分布式的 记录节点，有效捕捉了常规固定机位难以覆盖的互动细节，构 ...

视网膜静脉阻塞（ RVO）作为 全球第二大致盲性视网膜血管疾病 ， 给全球数千万患者带来困扰 。想象一 下，要在 平均 直径仅 151微米 的血管上做手术 ——这比头发丝还细，而医生的手部震颤幅度却 可 达 182 微米。 传统治疗方法如 抗血管内皮生长因子治疗 只能缓解症状，无法根除病因，患者需要反复治疗，费用高昂且有 感染风险。而 视网膜静脉插管 （ RVC） 手术 虽然能直接清除血栓，但因为操作难度太大，很少有医生能够 掌握。 近日 ，约翰斯 ·霍普金斯大学的研究团队在 国际顶刊 《 Science Robotics》 上发表了一项突破性成果。 他们开发出 基于深度学习的自主视网膜静脉插管系统 ，在离体猪眼实验中实现了 90%的成功率 。即便模拟 呼吸导致的眼部运动，成功率仍高达 83% 。 ▍ 失明患者 新希望，在比发丝更细的血管上 操作手术 这套系统的核心亮点在于 机器人即可自主完成导航、接触、穿刺等一系列超越人类生理极限的微米级操作 ， 为 RVO治疗开辟了精准、高效的新路径。 在固定猪眼实验中，系统将 针体导航时间从 57.45秒缩短至30.56秒 ， 穿刺及回撤时间从 43.55秒压缩至 9. ...

Core Viewpoint - The forum aims to explore the transformation path of the 12345 government service hotline from "passive response" to "proactive governance," emphasizing the integration of digital technology to enhance public service quality and efficiency [1]. Group 1: Transformation of the 12345 Hotline - The 12345 hotline is evolving from a service channel to a governance system entry point, focusing on proactive issue identification and resolution [2]. - The hotline has established an efficient communication mechanism, bridging the gap between the government and the public, and demonstrating the government's commitment to serving the people [2]. - The hotline's daily call volume exceeds 4.37 million, making it a primary channel for gathering public opinion and addressing various issues affecting citizens and businesses [3]. Group 2: Data Capability as a Key Factor - The transition to "proactive governance" relies heavily on the ability to analyze and utilize data effectively, which is essential for identifying potential issues before they arise [4]. - Data integration and modeling are crucial for pinpointing governance weak spots, guiding subsequent organizational and assessment adjustments [5]. - The government must adopt a people-centered approach to identify needs and issues proactively, rather than waiting for citizen feedback [5]. Group 3: Human-Machine Collaboration - The hotline's service model is shifting from human-operated to automated responses, enhancing efficiency but raising concerns about the quality of service for complex issues [7]. - Establishing clear boundaries for human-machine collaboration is essential to ensure that vulnerable groups are not excluded from services [8]. - A balanced approach is necessary to maintain service quality while leveraging technology for efficiency [8]. Group 4: Cross-Departmental Collaboration - Effective governance requires a collaborative framework among various departments, with clear responsibilities and accountability mechanisms [9]. - Performance evaluation metrics should shift from mere response rates to governance effectiveness, encouraging deeper, more personalized interventions [10]. - The transition from "reactive" to "proactive" governance represents a systemic change in urban management, necessitating both algorithmic efficiency and human oversight [10].

题图｜虎嗅拍摄 许多企业负责人希望借助 AI 智能体来达成 "业务升级" 的目标。然而，AI 智能体并非只是一个即插 即用的功能模块，它更像是一场人机协同模式的深度再造。 若缺乏精准的场景定位、数据沉淀和反馈机制，AI 智能体的部署不仅难以释放技术价值，反而可能 造成流程梗阻。 真正实现 "智能体原生" 的企业运作，意味着从任务拆解到角色分工、再到决策链路的全盘优化：你 的核心需求是否清晰？自主执行与人工监督如何平衡？在多智能体协同的未来，组织如何筑牢核心竞 争力？ 若这些问题尚未梳理清楚，而仅将 AI 智能体视为 "替代人力" 的捷径，它可能带来的不是赋能，而 是内耗。 近期《AI无悖论》节目邀请中欧国际工商学院管理学副教授杨蔚、网易集团副总裁阮良与衔远科技 Frontis AI 联合创始人兼首席执行官任成元，探讨大厂 AI 落地实战，分享从游戏、电商到智能体应 用的洞见： l 当 AI 从技术概念走向企业实战，智能体如何重塑业务流程、组织形态与人机关系？ l AI 时代的企业组织形态变革，会对传统企业的管理层级与权力分配带来哪些颠覆性影响？ l 在人机角色反转趋势下，如何平衡 AI 执行效率与人类创新的价 ...

2025年，在科技巨头天量资本支出的推动下，AI投资浪潮席卷全球，市场正以前所未有的 速度高歌猛进。然而，伴随着资本狂欢的，是日益升温的有关"泡沫"的担忧：当前涌入科技 领域的巨额资金，能否真正转化为生产率的提升？这场热潮背后，是否存在估值透支未来潜 力的风险？ 围绕这些问题， 近日诺贝尔经济学奖得主、全球发展经济学权威迈克尔·斯宾塞（Michael Spence）接受了南方财经记者的独家专访。 作者丨周蕊 编辑丨和佳 科技创新正在重塑全球竞争格局与发展逻辑。 斯宾塞指出，当前这轮投资潮或许已"有些过热"，AI估值中确实存在一定的泡沫。尽管如 此，对科技公司而言，过度投资的代价仍远低于在竞争中落后甚至出局的风险。但与当年的 互联网泡沫不同，如今投身AI浪潮的公司已具备真实的业务收入。 与此同时，中国在新能源、机器人及AI大模型等领域的进展令世界瞩目。" 中国在很多领域 很可能会成为主要力量，甚至是最主要的那一个。 "斯宾塞称。 从投资激励结构来看——尤其是美国——这个领域的主要参与者大多是科技巨头或获得巨额 融资的初创公司，站在这些科技公司的立场思考：在这一轮竞赛中，"落后一步、跌至第 三"的代价，与"现在多 ...

当大多数企业还在摸索如何"用AI"，这个时代最激进的一批探路者，已经在回答一个终极问题： 当一家公司"生而AI"，底层架构和运行逻辑完全建立在AI之上，会发生什么？ 创办于2021年的大模型公司Anthropic，仅用不到五年时间走完OpenAI十年的路，最新估值超过3000亿美金，在全球未上市创业公司中仅次于OpenAI、字 节跳动和SpaceX。 2022年成立的法律AI独角兽Harvey，火速拿下全美1.5万家律所客户，ARR（年度经常性收入）超过1亿美元，估值达到80亿美元。 在硅谷，类似的案例还分布在其它AI应用赛道。例如2023年成立的AI客服公司Sierra，仅用18个月便跻身百亿美金独角兽俱乐部，ARR逼近1亿美元。 而在中国，最典型的案例当属2023年成立的DeepSeek。其以139名研发人员和不到600万美元的训练成本，创造出媲美ChatGPT的大语言模型，一上线便横 扫全球，开启了魔幻般的"DeepSeek时刻"，几乎令硅谷夜不能眠。 同样诞生于2023年的中国公司与爱为舞，于2025年2月上线了真人级AI一对一导师（AI Tutor）"爱学"，覆盖语数外等多学科，迄今用户规模已突破百 ...