以下文章来源于泽平宏观商学 ，作者泽平宏观商学 灵猴机器人 视觉感知和运动控制技术,叩开自主创新大门 灵猴机器人成立于2015年,是智能制造领域 的核心零部件供应商。其自主研发机器视觉、直 驱电机、工业机器人等核心产品,凭借深厚的技 术积累,积极拓展具身智能赛道,陆续推出视觉 模组、轮式机器人模组、关节模组、域控制器等 核心零部件产品。依托全流程管理体系及柔性生 产能力,灵猴可向全球客户提供具身智能一站式 整机ODM规模交付服务。未来将加大投入,构建 "核心零部件- 整机ODM-场景化测试"的具身智能 产业生态圈。 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 企业简介 追更生态 全场景高端智能生态,重新定义现代生活 追觅科技成立于2017年,是以高速数字马 达、智能算法、运动控制技术为核心的全球高端 科技品牌。其始终坚信"核心技术是一切的根本", 重视技术研发与创新。截至2025年12月,全球累 计申请专利超8000件,累计获得授权专利超 3000件。追觅科技旗下产品覆盖清洁、个护、厨 电等多元场景的高端智能产品矩阵，已成为智能 清洁领域的全球领导品牌。 魔法原子 聚焦机器人全栈自研,推动具身智 ...

Conference Information - The "2026 Thermal Management Liquid Cooling Industry Conference and Exhibition" will be held from June 10-12, 2026, at the Shanghai New International Expo Center, focusing on the application scenarios, core technologies, and industry upgrade needs of liquid cooling technology [2][3] - The event aims to address the challenges of high heat flow density in industries such as artificial intelligence, electric vehicles, and energy storage, where traditional air cooling solutions are becoming increasingly costly and difficult [2] Organizing Institutions - The conference is organized by DT New Materials, DT Future Industries, and Insight Thermal Management, with support from various associations and institutions related to new materials and technology [4] Event Schedule - The conference will feature a series of activities including registration, opening ceremonies, and parallel thematic forums over the three days, with specific time slots allocated for each event [5] Thematic Forums - The conference will include multiple thematic forums focusing on topics such as data center liquid cooling, power device thermal management, battery thermal management, and energy storage thermal management, highlighting advancements in materials and technologies [6] Exhibition Highlights - The FINE2026 exhibition will showcase five major themes: data center liquid cooling, energy storage and power semiconductor liquid cooling, liquid cooling materials and components, and manufacturing and processing equipment, providing a comprehensive platform for collaboration and procurement [7] Registration Fees - Early bird registration fees are set at ¥2200 for general attendees and ¥1200 for students, with standard fees of ¥3000 and ¥1500 respectively after the early bird period [8] Future Industry Focus - The FINE 2026 event aims to present innovations in new materials that are crucial for the development of future high-tech industries, emphasizing the importance of breakthroughs in materials for accelerating industrial transformation [15] Concurrent Events - The conference will feature over 30 specialized vertical forums and more than 300 expert presentations, focusing on cutting-edge technologies and trends in various industries including AI, aerospace, and renewable energy [19][17]

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 人工智能算力突破的物理边界、量子计算工程化的核心瓶颈、深空探测的极端环境挑战、高端制造的自主可控难 题，背后都藏着材料科学的终极较量。2025年，中国新材料产业迎来历史性转折： 告别"跟踪仿制"的被动模式，全 面打响"堡垒材料守底线、攻坚材料争主权、融合材料定义未来"的三维战争 。 这一年，第四代单晶高温合金实现量产，打破西方 60 年航发材料封锁；12 英寸硅片自给率翻倍，半导体材料国产 化再提速；AI 赋能研发让新材料迭代效率提升 3 倍…… 无数突破串联起中国从材料大国迈向材料强国的坚实脚 步。 本文将 全景扫描2025年三大战线的关键突破，拆解技术攻坚细节，绘制2026年体系化决战的战略地图 。从国家重 大工程到产业链自主可控，从实验室创新到产业化落地，你关心的核心进展与未来方向，都在这份深度报告中。 | 战场名称 | 战略定位 | 核心目标 | 2025 关键突破 | | --- | --- | --- | --- | | 堡垒材料 | 筑牢国家安全底线 | 极端环境下的绝对可靠 | 第四代单晶高温合 ...

北京商报讯（记者 陶凤 王天逸）2月20日，极智嘉宣布，聘请清华大学智能产业研究院 (AIR) 助理教 授、博士生导师、智源学者 (BAAI Scholar) 赵昊，出任其具身智能子公司首席科学家。 公司称，此举旨在通过引入顶级学界大脑，攻克物理AI在非结构化环境中的应用难题，构建核心技术 领导力，更是极智嘉持续加码具身智能研发投入的明确信号。 ...

Core Viewpoint - The article highlights the significant rise in the stock prices and market valuations of major AI model companies, particularly Zhiyu and MiniMax, driven by advancements in their AI models and new financing rounds in the industry [1][5][10]. Group 1: Stock Performance - Zhiyu, known as the "first global AI model stock," saw its stock price increase by over 42% on the first trading day of the Year of the Horse, with a market capitalization exceeding 320 billion HKD [1]. - Since February 9, Zhiyu's stock has surged over 250% over seven trading days, while MiniMax's stock has risen over 110% in the same period [1][5]. - As of February 20, Zhiyu's cumulative increase in February is over 220%, and MiniMax's is over 105% [5]. Group 2: Model Developments - Zhiyu recently launched its flagship model GLM-5, designed for complex system engineering and long-range agent tasks, achieving performance levels comparable to top international models [6]. - GLM-5 ranks fourth globally and first among open-source models, marking a significant achievement for domestic models [6]. - MiniMax introduced its latest flagship programming model, MiniMax M2.5, which is designed for agent scenarios and competes with leading international models [8]. Group 3: Financing and Valuation - OpenAI is expected to raise over 100 billion USD in its latest financing round, potentially increasing its valuation to over 850 billion USD, a 70% increase from the end of last year [3][10]. - The domestic AI model company Kimi has seen its valuation double in its latest financing round, indicating strong investor interest [3][10]. - World Labs, founded by AI pioneer Fei-Fei Li, completed a new financing round of 1 billion USD, focusing on enhancing spatial intelligence through world models [11]. Group 4: Market Trends and Future Outlook - The article notes a competitive landscape in the global AI model sector, with major companies investing heavily to capture consumer markets [10]. - The integration of AI with robotics is expected to drive significant growth in the coming years, with predictions of a substantial increase in market demand for embodied intelligence [9]. - The Chinese AI market is projected to grow from 93.7 billion CNY in 2022 to 160.7 billion CNY in 2024, with a compound annual growth rate of 31% [11].

Core Viewpoint - The performance of humanoid robots at the 2026 Spring Festival Gala showcased impressive choreography but highlighted the gap between current technological capabilities and practical applications in real-world scenarios [1][2][12]. Group 1: Performance and Technology - The humanoid robots from Yushutech executed pre-programmed martial arts routines during the Spring Festival Gala, which were meticulously choreographed and monitored by engineers, lacking true autonomous decision-making abilities [2][4][12]. - Current AI systems, including large language models, are far from achieving human-level intelligence, with the ability of robots being compared unfavorably to that of a cat [4][14]. Group 2: Market Dynamics - Four companies, including Yushutech, invested approximately 100 million yuan each to showcase their robots at the Spring Festival Gala, amidst expectations of a surge in listings for embodied intelligence companies in 2026 [15][18]. - There exists a significant gap between the market enthusiasm for humanoid robots and the actual maturity of the technology, indicating that the industry is still in an early stage of market education [6][18]. Group 3: Future Directions - The criticism from AI experts suggests a need for a shift towards developing robots that understand the physical world and its causal relationships, rather than relying solely on data and programming [8][17]. - Chinese companies have demonstrated considerable competitiveness in hardware manufacturing and mass production of humanoid robots, but the choice of the correct technological path will determine the sustainability of this progress [17].

2月20日，激光雷达"第一股"速腾聚创（02498.HK）股价盘中一度涨超15%。截至南都湾财社记者发稿，速腾聚创 股价涨幅达9.59%，报收37.70港元/股，总市值达182亿港元。 消息面上，19日晚，速腾聚创发布正面盈利预告，公司预计2025年第四季度首次实现单季度盈利，盈利规模不低 于6000万元，大幅超出管理层此前盈亏平衡预期。同时，2025年全年净亏损同比显著收窄。这意味着港股激光雷 达"第一股"正式告别持续亏损阶段。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責 · 對其準確性或完整性亦不發 表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產生或因倚親該等內容而引致的任何損失承 擔任何責任。 rcbosense ROBOSENSE TECHNOLOGY CO., LTD 速 騰 聚 創 科 技 有 限 公 司 (於開曼群島註冊成立的有限公司) (股份代號:2498) 盈利預告 本公告乃由速騰聚創科技有限公司(「本公司」,連同其附屬公司统稱「本集團」)根據香港聯合 交易所有限公司證券上市規則(「上市規則」第13.09(2)(a)條及香港法例第571章證券及期貨條 ...

Core Insights - The article highlights a significant moment in the commercialization of the embodied intelligence industry, marked by the successful launch of "machine pandas" by Magic Atom during the Spring Festival Gala, indicating a shift from concept validation to accelerated commercialization [4][5][8]. Industry Overview - The embodied intelligence industry in China is expected to experience explosive growth by 2026, with predictions of a threefold increase in humanoid robot application scenarios and a global demand for 30,000 humanoid robots this year [5][6]. - The Spring Festival Gala served as a catalyst for the industry, showcasing the capabilities of four leading companies: Magic Atom, Yushu, Songyan, and Galaxy, each contributing unique technological advancements [5][6]. Company Performance - Magic Atom stood out by demonstrating a full-link performance with its robots, achieving high precision in complex movements during the gala [6][8]. - The company's robots, including the MagicBot Z1 and MagicDog, showcased their ability to perform real-life tasks, such as serving food and performing coordinated group actions, which resonated with consumers [8][11]. Market Demand - The surge in search and order volume for robots on platforms like JD.com indicates a growing consumer demand for embodied intelligence products, transcending beyond just toys to become valuable companions [4][15]. - The successful sales of Magic Atom's robots reflect a shift in consumer perception, recognizing them as practical and emotionally valuable products [15][16]. Technological Advancements - Magic Atom's approach to overcoming the "certainty dilemma" in the industry involves a dual product strategy: four-legged robots for stable, predictable tasks and humanoid robots for more complex, flexible applications [12][13]. - The company's high self-research rate of 90% in hardware and its development of a comprehensive embodied intelligence model enable it to respond quickly to real-world challenges [14][20]. Business Strategy - Magic Atom's business model emphasizes a positive feedback loop between market application and technological development, ensuring that real-world scenarios inform product design [18][19]. - The company balances short-term revenue from its four-legged robots with long-term growth potential from humanoid robots, aiming for sustainable commercialization [20][22]. Global Expansion - Magic Atom is expanding its global presence, with plans to cover over 1,000 cities and establish 10,000 stores for its standardized solutions within 1-2 years [22]. - The company has received significant investment, indicating strong confidence in its clear and logical commercialization strategy, with plans for an IPO in 2026 [22][24].

元朔智感：产投国正投资联合南通投资方，完成了对元朔智感科技（合肥）有限公司的千万元级战略投 资。此次投资既是为企业技术研发、市场拓展提供资本支持，更是各方深化"产业 + 资本"协同、抢占传 感器核心技术赛道的重要举措。 根据合肥产投国正股权投资有限公司官网信息显示，产投国正投资是合肥市产业投资控股（集团）有限 公司旗下全资子公司，是产投集团全周期投资体系中重要的产业投资平台之一，市属国有企业之一，成 立于2003年7月，注册资本5亿元。截止2024年12月31日公司资产总额为14.02亿元，净资产为13.43亿 元。 具体来看—— 天盾信创：产投国正投资通过合肥科创种子基金，联合中信建投共同完成了对合肥天盾信创科技有限公 司近两千万元的种子轮投资。资金专项支持企业在" AI + 特种行业安全"领域的技术创新、产品体系完 善与市场拓展。 善本生物：产投国正投资联合毅达资本、国元资本，完成了对合肥善本生物科技有限公司的千万元战略 投资，为企业的技术迭代、产能扩张与市场拓展注入资本动能，加速核心技术产业化。 据"产投国正投资"微信公众号消息，近期，产投国正投资聚焦低空经济、具身智能、生物制造等前沿科 创领域，联合多 ...

2月20日港股马年首个交易日，机器人概念大涨，截至发稿，越疆涨超21%，速腾聚创涨超8%，优必选 涨超5%，三花智控（002050）涨超6%。 消息面上，马年春晚引爆机器人热潮，松延动力、宇树科技、魔法原子、银河通用四家机器人公司今年 分别亮相小品、武术、歌曲及微电影四大类节目。据悉，一系列精彩的机器人表演不仅吸引了广大观众 的关注，引爆社交网络，也带火了平台销售。 多个相关话题相继冲上热搜。 此外，机械狮舞将东方美学与岭南文化完美融合，向观众证明，中国在人工智能和机器人领域，不仅拥 有硬核科技，更具备深厚的文化融合能力与艺术表达软实力。 原创歌曲《战马》则成为当晚的美学亮点。作品以马年生肖为灵感，将传统"跃马扬鞭"的意象与赛博光 影效果深度融合，通过震撼的音乐编排与极具张力的舞台呈现，成功营造出浓厚的节日氛围，以创新美 学重构了春节叙事。 这场晚会并未止步于技术炫技，而是深入探讨了科技时代的人类情感命题。小品《2046的团圆年》通过 一个幽默而温馨的故事——儿子带"特殊女友"回家过年被老爸识破，巧妙地揭示了在未来家庭中，人类 情感的不可替代性。它在笑声中引发观众思考：无论技术如何进步，人与人之间的温情始终是 ...