Thanks @lexfridman for another super fun & wide-ranging conversation. We talked about the future of video games, the nature of reality, advancing science with AI, the path to AGI… and quite a bit more as usual! Always a blast, already looking forward to next time! 😀Lex Fridman (@lexfridman):Here's my conversation with @demishassabis, CEO of Google DeepMind, all about the future of AI & AGI, simulating biology & physics, video games, programming, video generation, world models, Gemini 3, scaling laws, comput ...

Core Insights - ByteDance is establishing itself as a leader in the AI industry through its technological advancements, organizational structure, and financial performance [1][7]. Technology - ByteDance's self-developed language model is leading in China, with its multimodal technologies, such as the Chinese text-to-image model Seedream 3.0 and video generation model Seedance 1.0, ranking among the best globally [1][12]. - The company is focusing on long-term AGI research, aiming to enhance foundational model capabilities by 2025 [1][12]. Organizational Structure - The AI business head reports directly to CEO Liang Rubo, indicating a high priority for AI initiatives within the company [1][12]. - In 2025, ByteDance appointed former Google DeepMind VP Wu Yonghui as the head of foundational research for the large model team, strengthening its long-term research strategy [1][12]. Financial Performance - ByteDance's revenue is projected to reach $155 billion in 2024, with an EBITDA of $52 billion, significantly outperforming competitors [2][12]. - The capital expenditure plan for 2025 is set at 150 billion yuan, an 88% increase year-on-year, positioning ByteDance as a leader in domestic capital investment [2][12]. Market Demand - The global AI market demand remains optimistic, with ByteDance's daily token usage reaching 16.4 trillion in May 2025, a 137-fold increase from the previous year, surpassing Google [2][12]. - ByteDance's AI inclusive strategy is accelerating industry development and driving down model costs [2][12]. Cloud Services - Volcano Engine, ByteDance's cloud service platform, is benefiting from the performance of its foundational models, with revenue expected to double in 2025 [4][12]. - In the GenAI IaaS market, Volcano Engine's market share is approaching 15%, leveraging its advantages in downstream AI models and services to boost upstream cloud business growth [4][12].

Group 1 - Accenture's report indicates that 46% of Chinese enterprises are scaling up the application of generative AI, but only 9% have achieved significant value transformation from it [1] - Japanese retailers are increasingly adopting AI to manage orders and inventory due to labor shortages, with FamilyMart reporting a 50% reduction in order time and a 4% decrease in stockouts after implementing AI [1] - Meitu's AI Agent "RoboNeo" topped the domestic App Store category charts shortly after its launch, targeting users in various creative fields [3] Group 2 - Alibaba is set to launch its first self-developed AI glasses, which will include features like voice assistance and real-time translation, marking a significant step in its AI to consumer strategy [4] - Nanjing aims to become a national hub for brain-computer interface technology by 2030, with projections suggesting the market could exceed 120 billion yuan by 2040 [6] - The usage of DeepSeek has declined, attributed to a lack of focus on consumer applications, although its underlying technology remains widely utilized across various companies [2]

Key Points - DeepSeek's user engagement has significantly declined, with monthly downloads dropping from 81.1 million to 22.6 million, a decrease of 72.2% [4] - Alibaba is set to launch its first self-developed AI glasses, integrating various functionalities and aiming to compete in the AI glasses market [6] - Amazon's AI research center in Shanghai has been disbanded, marking a trend of tech giants withdrawing R&D from China [7] - Insta360 has announced its entry into the drone market, planning to launch its own drone brand [8] - Li Auto has committed to a 60-day payment term for suppliers, reflecting its strong cash flow position [17] - JD.com clarified that its new food service, Seven Fresh Kitchen, is not intended to compete with traditional restaurants but to enhance quality dining options [14] - DJI is set to release its first vacuum robot, named "ROMO," on August 6, leveraging its expertise in technology [12] - Mitsubishi has officially exited the Chinese market, ending its partnership in engine manufacturing [25] - Amazon has acquired wearable device manufacturer Bee, which produces an AI-powered wristband [34] - Tesla's first diner in Los Angeles has generated $47,000 in revenue within six hours of opening, with plans for a similar establishment in Shanghai [36]

Group 1 - Amazon plans to acquire wearable device startup Bee, which offers an AI-enabled wristband priced at $49.99 that can listen and analyze conversations for task management [1] - Musk's xAI is reportedly training AI Grok using facial data from over 200 employees, raising concerns among staff about privacy and ethical implications [1] - Zhou Hongyi commented on the decline in traffic for DeepSeek, indicating that the founder is focused on AGI rather than developing a consumer app [1] Group 2 - Singapore Tourism Board has signed a memorandum of understanding with OpenAI to enhance visitor experiences through advanced AI applications [3] - Zhiyuan Robotics has launched its quadruped robot D1 ULTRA, designed for various applications including security and education, with a top speed of 3.7 meters per second [3] - Tongyi Qianwen has officially open-sourced its latest AI programming model Qwen3-Coder, featuring 480 billion parameters and support for extended context lengths [3][4] Group 3 - Meitu's AI Agent "RoboNeo" has topped the domestic App Store category charts shortly after its launch, targeting users in various creative fields [4]

Group 1 - The core viewpoint emphasizes that intelligent agents represent a new evolutionary stage for large models, acting as a complement rather than a replacement [2][6][11] - The industry is currently divided into two main models for intelligent agents: one where large model vendors develop them, and another where application companies build on existing large models [2][8] - The domestic market faces challenges in monetizing intelligent agents due to high operational costs and a lack of established payment habits among users [8][19] Group 2 - Intelligent agents are expected to replace many low-level jobs, transforming employees into roles that define and manage these agents [14][16] - The future of intelligent agents is seen as a significant opportunity across various industries, with the potential to automate complex tasks and reduce reliance on human labor [14][16] - The concept of general intelligent agents is viewed skeptically, with a stronger belief in the rise of specialized intelligent agents tailored to specific industries [11][12][13] Group 3 - DeepSeek has contributed to the Chinese large model industry by eliminating redundant models and promoting an open-source ecosystem [18][19] - The decline in DeepSeek's traffic is acknowledged, but its foundational models continue to support many companies in the intelligent agent space [17][18] - The domestic chip industry is seen as having the potential to catch up with international competitors like NVIDIA, particularly in inference capabilities [19][20]

Group 1 - The scope of "zero tariff" goods in Hainan Free Trade Port will expand to approximately 6,600 tax items, covering about 74% of all goods tax items, an increase of nearly 53 percentage points compared to before the closure [1] - A-share financing balance has exceeded 1.9 trillion yuan for two consecutive trading days, with a single-day financing purchase amount reaching 200.9 billion yuan, accounting for 10.42% of A-share trading volume [1] Group 2 - Global semiconductor equipment sales are expected to reach a record $125.5 billion in 2025, a year-on-year increase of 7.4%, driven by advanced logic, memory, and technology migration [2] - A new type of scintillation screen developed by a team from the Chinese Academy of Sciences significantly improves the spatial resolution of fast neutron imaging, enhancing its applicability in non-destructive testing of large and dense equipment [2] Group 3 - In the first half of the year, China approved 43 innovative drugs, a year-on-year increase of 59%, with many targeting major diseases such as tumors and rare diseases [3] - The coal industry may face a new round of capacity reduction and regulation due to a recent notice from the National Energy Administration aimed at stabilizing coal supply and addressing market disruptions [3] Group 4 - Weima Automobile is planning to resume production, with a goal of producing 100,000 vehicles annually by 2030, despite facing significant challenges from its investor, Baoneng Group [5] - OpenAI's CEO stated that AI has the capability to bypass most identity verification methods, indicating a potential crisis in the financial sector [5] Group 5 - The company Dalian Bojue Wedding Photography has undergone a management change, with plans to optimize its business model and reduce losses by shutting down unprofitable stores [6] - Zhongwei Semiconductor is planning to issue H-shares for listing on the Hong Kong Stock Exchange, driven by both external pressures and internal development needs [7] Group 6 - Credit Suisse Securities has been renamed Beijing Securities following a change in ownership to a state-owned entity, marking a shift from foreign-controlled to state-controlled brokerage [8] - Mindray Medical is reportedly considering a second IPO in Hong Kong, aiming to raise at least $1 billion [8] Group 7 - Yuan Dong Bio announced a preliminary transfer price of 42.06 yuan per share for its stock, attracting 12 institutional investors with a subscription multiple of 1.60 times [8] - Qidi Design won a bid for the Henan Airport Intelligent Computing Center project, with a total bid amount of 860 million yuan [9] Group 8 - Huagong Technology has received approval to issue short-term financing bonds and medium-term notes, with a registered amount of 2 billion yuan each [10] - Rongzhi Rixin expects a significant increase in net profit for the first half of the year, projecting a growth of 2027.62% to 2179.59% [11] Group 9 - The Shanghai Composite Index experienced a slight increase, with over 4,000 stocks declining, indicating a mixed market sentiment [12]

此前有第三方数据显示DeepSeek用户使用率和官网流量回落，今日360集团创始人周鸿祎在回应记 者提问时表示，梁文锋并没有想认真做一个To C的APP，DeepSeek流量暴涨时它的网站速度"慢得 要死"，他都不在乎，而是一门心思搞AGI，是一个有梦想的人，并且把技术全部开源免费。 DeepSeek官网的流量下降是因为DeepSeek没有花心思，但是现在很多第三方云服务上都有 DeepSeek的服务，用了DeepSeek的大模型流量一直很高，在中国许多公司包括360智能体的基座 模型等都使用DeepSeek来改，相当于很多公司的"武器装备"都是DeepSeek提供的。 ...

Core Insights - DeepSeek's user engagement and website traffic have declined according to third-party data, indicating potential challenges in its consumer-facing application strategy [1] - Zhou Hongyi, founder of 360 Group, commented that Liang Wenfeng is not seriously focused on developing a consumer app, emphasizing that DeepSeek's website experienced slow performance during traffic spikes, which was not a priority for him [1] - Despite the decline in DeepSeek's website traffic, many third-party cloud services continue to utilize DeepSeek's large models, maintaining high usage rates [1] - DeepSeek's technology is widely adopted across various companies in China, including 360's intelligent base model, positioning DeepSeek as a critical provider of AI capabilities [1]

[Music] [Music] All right. Hey, so great to see everyone here at AI Engineer World's Fair. Andre and I have the honor of curating the graph rag track which is happening here.And I thought I thought the jokes Simon had about bugs were spot on. Spot on. Hilarious.And that's the reason why we care so much about getting really good data like like building a solid foundation and good grounding for models. And we're going to we're going to chat a bit because I think we have a social responsibility. We're we're ge ...