近日，数字孪生与仿真领军企业北京五一视界数字孪生科技股份有限公司（以下简称"五一视 界"或"51WORLD"）正式通过港交所上市聆讯，有望成为全球首家登陆资本市场的Physical AI（物理人 工智能）原生企业。 Physical AI并非概念炒作，而是要求AI系统在真实物理环境中具备感知、推理、决策与执行的完整能 力。正如黄仁勋在GTC 2025所言，AI已从感知、生成、代理阶段，迈向能与物理世界交互的"Physical AI"时代。而实现这一跃迁，离不开三大支柱：高质量数据燃料、空间智能模型以及高置信度训练平 台。 五一视界正是全球少数同时掌握这三要素的企业。其技术演进路径清晰呈现为三个阶段：从"重建世 界"（Digital Twin）到"推演世界"（Simulation），最终走向"改变世界"（Physical AI）。依托自研的 51Aes数字孪生基座，公司构建了可被AI理解的结构化物理世界表达层，具备多源数据融合、超大规模 建模、空间语义解析与虚实同步四大核心能力，为上层智能体提供"世界认知底座"。 在数据侧，五一视界凭借多年利用图形引擎对真实世界进行数字孪生重建的经验，整合物理仿真渲染、 3DG ...

[music] We're back on Morning Trade Live. Let's take a closer look at Tesla. The stock is up 12% this year, but that doesn't begin to tell the story of this chart.After hitting an all-time [music] high, shares plummeted more than 50% over the next four months to its tariff induced April low. [music] Since then, we've seen a move to the upside of more than 110% and a 30% gain since midepptember. So, I think it's fair to say that shareholders have been on quite a roller coaster ride.Let's go inside out on Tes ...

本报记者 袁传玺 在深圳龙岗区，"机器人"随处可见。在大运城，有巡逻机器人在执勤，在公路两侧，有环卫机器人在打扫垃圾，它们有序 地避让行人，完成作业后回到既定位置，完成充电、补水、倒垃圾等一系列操作。 深圳龙岗区的机器人应用场景，是科技与城市深度融合的微观样本。它不仅展现了中国在人工智能领域的硬实力，更揭示 了未来城市"以技术重塑空间、以创新定义生活"的发展趋势。在这里，机器人不再是冰冷的工具，而是城市脉搏中跃动的"数 字细胞"，共同编织着智慧城市的未来图景。 作为全国唯一的"全要素"人工智能环卫机器人竞技平台，国际人工智能环卫机器人大赛近日在深圳落幕。酷哇科技有限公 司（以下简称"酷哇科技"）凭借在"Physical AI（物理人工智能）"领域的技术积累与场景落地优势，在115场实战竞技中脱颖而 出、一举包揽全部赛事冠军——不仅在专项竞赛的公园广场赛道、辅道赛道、人行道非机动车道赛道中均斩获第一名，更在场 景创新赛、应用创新赛中拔得头筹，成功实现赛事"大满贯"，并达成蝉联佳绩。 酷哇科技（深圳）执行总裁王宇表示："目前的机器人已不再是简单的自动化设备，而是具备'感知、记忆、决策、执行'完 整闭环的智能体。酷 ...

Core Insights - Beijing Lanjian Xingyuan Technology Co., Ltd. is gaining attention for its embodied robotics technology, particularly in the context of Physical AI applications in the renewable energy sector [1][2][4] Group 1: Company Overview - Lanjian Xingyuan was established in 2023 with a mission to drive a global productivity revolution through fine and flexible embodied technology [7] - The company focuses on solving physical world challenges in unstructured environments, targeting industries such as renewable energy and modern agriculture as strategic starting points [7] Group 2: Technology and Applications - The company's embodied robots, such as the "Yinniu-1000" model, are designed for photovoltaic station construction, addressing industry pain points like labor intensity and high safety risks [4] - Key features of the robots include high-precision 3D visual perception for real-time adaptation to outdoor environments, millimeter-level operational precision, and efficiency of over 80 solar panels per hour [4] - The robots have achieved EU CE certification and have demonstrated the ability to operate continuously for over 10 hours in desert conditions, showcasing their reliability in harsh environments [4] Group 3: Industry Impact and Future Outlook - The attention from national media and officials indicates the potential of the technology to support national strategies in green energy and high-end manufacturing [2] - The company expresses cautious optimism about its role in the productivity revolution, emphasizing the importance of solving real-world problems in challenging environments [6] - The team comprises diverse technical talents focused on core technologies like robotic motion control and multimodal perception, with aspirations to expand their technology into broader industrial applications [6]

Group 1 - The Hong Kong technology sector is experiencing increased activity, with southbound funds continuing to accumulate positions, as evidenced by a net purchase of approximately 110.46 billion HKD on September 25, including significant investments in Alibaba and Tencent [1] - The Hang Seng Technology ETF (520920) was established on September 22 and is set to be listed on September 30, tracking the Hang Seng Technology Index, which consists of the top 30 technology-related stocks in Hong Kong [1] - The current valuation of the Hang Seng Technology Index is at a historical low, with a PE ratio of 24.29, positioned at the 36.54% percentile over the past five years [1] Group 2 - The Hang Seng Technology Index shows leading growth in revenue and net profit compared to other major Hong Kong indices, with a revenue growth rate of 14.43% and a net profit growth rate of 16.18% in Q2 2025 [2] - The potential for liquidity improvement is highlighted by the Federal Reserve's recent interest rate cuts, which historically have benefited the Hang Seng Technology sector [2] - Alibaba has announced a partnership with NVIDIA in the Physical AI field, enhancing its AI capabilities and indicating a significant increase in data center energy consumption by 2032 [2] Group 3 - There is an expectation that the Hang Seng Technology sector will transition from being driven solely by southbound funds to a dual-driver model, incorporating both southbound and foreign capital, potentially leading to a major upward trend [3] - The influx of southbound funds, combined with the anticipated return of foreign capital due to the Federal Reserve's actions, is expected to drive the Hang Seng Technology sector into a "main rising wave" [3]

Group 1 - The communication ETF (515880) has gained over 104% year-to-date, making it the top-performing ETF in the A-share market, with a net inflow exceeding 500 million yuan in the last two days [1][2] - As of September 24, the communication ETF has a scale of over 12.3 billion yuan, with "optical modules + servers + copper connections + optical fibers" accounting for over 77% of its composition, indicating a strong fundamental outlook for computing hardware [2] Group 2 - Alibaba Group's CEO announced at the 2025 Cloud Summit that large models are the next-generation operating system, and AI cloud is the next-generation computer, with plans for a 380 billion yuan investment in AI infrastructure [1] - Alibaba Cloud has partnered with NVIDIA in the field of Physical AI, integrating NVIDIA's Physical AI software stack into Alibaba Cloud's AI platform PAI, which will provide comprehensive services for enterprises, including data preprocessing and simulation testing [1]