时间的脚步走过又一个五年。五年来，全省上下全面落实习近平总书记对江苏工作重要讲话精神，一张 蓝图绘到底、扎扎实实抓落实，推动高质量发展继续走在前列，"强富美高"新江苏现代化建设取得重要 阶段性成果，"十四五"主要目标任务即将胜利完成。迈向"十五五"新征程，贯彻党的二十届四中全会精 神，落实省委全会和省委经济工作会议部署，江苏各地如何接续奋斗、真抓实干，坚定地在推进中国式 现代化中走在前、做示范。《江苏新时空》推出大型新闻行动《江海壮阔奋楫先》环省行。苏州，是一 座在时间中从容前行，既记得住来路也看得清远方的城市。坚决扛起"勾画现代化目标""代表未来的发 展方向"的使命担当，努力成为展现中国式现代化图景的先行示范，苏州正大步向前。今天的《江海壮 阔奋楫先》，一起去领略现代版的"姑苏繁华图"。荔枝新闻中心记者尹美又说："欢迎来到机器人的世 界，这里是苏州具身智能机器人综合创新中心的训练场。你看它们在叠衣服、在扔垃圾、在行走、在跳 舞，实际上统统都是在练功。只有不断的训练才能适应更加复杂的工作场景。具身智能机器人的浪潮澎 湃而至，苏州也将这里打造成为一个孵化器和加速器，培育和助力企业抢占新兴赛道、勇立发展潮 头。" ...

Core Insights - 1X has launched the new 1X World Model, a groundbreaking AI update tailored for its humanoid robot NEO, marking a significant advancement in the field of robotics [2][3] - The 1X World Model enables NEO to instantly convert any instruction into executable AI capabilities based on video models that adhere to real-world physics, paving the way for robots to possess self-learning abilities [2][3] Group 1: Technological Advancements - The 1X World Model allows NEO to learn from vast internet-scale video data and apply this knowledge directly to the physical world, enabling it to execute tasks it has never encountered before [3][4] - Users can issue simple voice or text commands to NEO, which will generate visual predictions of subsequent actions and convert these predictions into precise, executable movements using an internal inverse dynamics model [3][4] - NEO demonstrates the ability to generalize beyond existing training data, successfully completing new tasks such as lifting a toilet seat or ironing clothes, showcasing the transfer of human knowledge to machines [3][5] Group 2: Autonomous Learning and Adaptability - The 1X World Model represents a paradigm shift, allowing robots to autonomously gather data and master new skills, thus accelerating the development of general-purpose humanoid robots [4][5] - Unlike traditional AI models that rely on manually collected data, the 1X World Model enables NEO to self-optimize and benefit from the continuous evolution of video models [6][7] - NEO can maintain stable performance in dynamic and unpredictable environments, effectively handling changes in lighting, clutter, or disorder, which is a significant breakthrough in humanoid robotics [7] Group 3: Product Availability and Pricing - NEO is available for purchase on the 1X online store, offered in three colors: brown, gray, and dark brown, with an early bird price of $20,000 for priority shipping in 2026 [9] - Customers also have the option to subscribe to NEO for a monthly fee of $499 [9] Group 4: Company Overview - 1X is a leading AI and robotics company in the United States, focused on developing the home robot NEO, with a mission to enhance people's lives through safe and intelligent humanoid robots [10]

Group 1 - The CES 2026, themed "Smarter AI for All," will take place in Las Vegas, showcasing over 4,500 tech companies and focusing on cutting-edge AI technologies and future trends [1] - Embodied intelligence emerged as a core highlight of the exhibition, demonstrating its advantages in perception, autonomous interaction, and precise execution across various sectors [3] - Humanoid robots showcased a transformation from "showmanship" to "practicality," with companies like Accelerated Evolution and Galaxy General demonstrating their potential in diverse scenarios such as home life and commercial operations [5] Group 2 - The "Embodied Tian Gong 2.0" from Beijing Humanoid Robot Innovation Center showcased fully autonomous sorting of components while interacting with the audience, emphasizing the robots' capability to perform tasks [6] - Boston Dynamics announced that its Atlas robot will gradually enter automotive factories to assist with repetitive tasks like sorting and organizing components, indicating a trend towards industrialization in this field [6] - Turing Robot (Beijing Light Year Infinite) has developed a full-stack capability from algorithms to applications and hardware, with annual shipments of AI consumer hardware exceeding 20 million units, totaling over 100 million units shipped [9] Group 3 - Turing Robot aims to deepen the integration of embodied intelligence with physical hardware, focusing on providing intelligent technology for education, companionship, and daily life [9] - The company is recognized as a leading AI embodied intelligence R&D tech firm in China, with a mission to provide personalized AI robots for everyone [12] - Key products include the Turing AI embodied intelligence development platform with over 1.5 million registered developers, TuringOS with over 100 million device authorizations, and Turing Smart Learning, which serves over 200,000 students in K12 education [13]

Core Insights - The article discusses the rapid growth of Serve Robotics, a company specializing in food delivery robots, and highlights its potential in the physical AI sector, particularly after receiving recognition from Nvidia's CEO Jensen Huang [3][5]. Company Overview - Serve Robotics is focused on deploying autonomous robots for the $450 billion last-mile food delivery market, with a median delivery distance of 2.5 miles in the U.S. and a cost of approximately $1 per delivery [3]. - The company operates the largest sidewalk delivery fleet in the U.S. with over 2,000 robots and has partnerships with major companies like Uber and DoorDash [4][5]. Financial Performance - In Q3, Serve Robotics reported a revenue increase of 209% to $687,000, although it also experienced a significant loss of $33 million, which increased nearly fourfold [6]. - The company aims to increase its revenue tenfold by 2026 based on preliminary projections [6]. Operational Metrics - Delivery volume surged by 66% quarter over quarter and 300% year over year, attributed to rapid geographical expansion [7]. - Serve Robotics currently serves over 3 million people and 1 million households across cities like Chicago, Dallas, Miami, and Los Angeles, with plans to deploy over 1 million robots [7]. Market Sentiment - Wall Street analysts are highly optimistic about Serve Robotics, with all seven analysts rating the stock as a buy and an average price target of approximately $19, indicating a potential upside of 28% [8]. - One analyst has set a particularly high price target of $26, suggesting a potential upside of 77% [9]. Future Outlook - Analysts believe Serve Robotics is well-positioned for growth in the physical AI sector, with significant catalysts expected in 2026 [10]. - The company is seen as a top investment opportunity in physical AI, despite its current lack of profitability and high valuation [11].

Core Insights - Zhiyuan Innovation (Shanghai) Technology Co., Ltd. has recently obtained an administrative license for overseas investment from the Shanghai Pudong New Area Commerce Committee [1] - The company was established in February 2023, with a registered capital of approximately 91.28 million RMB [1] - The business scope includes research and development of intelligent robots, sales of service consumer robots, sales of intelligent robots, development of artificial intelligence theories and algorithms, development of basic artificial intelligence software, and establishment of public data platforms for artificial intelligence [1] - Shareholder information indicates that the company is jointly held by Sangpeng (Shanghai) Technology Partnership (Limited Partnership), Guanbao (Shanghai) Technology Partnership (Limited Partnership), and Guangxi Tencent Venture Capital Co., Ltd. [1]

Core Insights - The investment landscape for embodied intelligence startups has seen a significant surge, with a 219% increase in financing events and a 327% rise in investment amounts in 2025 compared to the previous year [1] - The current number of embodied intelligence companies in China exceeds 230, with over 100 humanoid robot firms, indicating a competitive environment reminiscent of the "hundred groups battle" during the mobile internet era [1] - Industry experts predict a potential "shakeout" in 2026 due to an oversupply of companies that may not sustain their operations without significant orders and continuous funding [2] Investment Trends - Investors are experiencing a fear of missing out (FOMO), leading to rapid valuation increases for startups, often without substantial due diligence [1][4] - Valuations for some companies have doubled within months, raising concerns about the sustainability of such growth [3] - The market is witnessing inflated valuations, with companies like Galaxy General seeing their valuation rise from over $800 million to $3 billion within a year [3] Market Dynamics - The focus of investment is shifting from flashy demonstrations to actual order fulfillment and revenue generation, as the industry matures [2][6] - Many startups are under pressure to commercialize quickly, often prioritizing immediate financial performance over long-term technological development [11][12] - The industry is facing a potential oversaturation of similar business models, leading to a risk of homogenization in product offerings [9][10] Commercialization Challenges - Companies are exploring various commercial applications, including research, entertainment, and retail, to find willing customers for their technologies [6][7] - The urgency for commercialization is driven by the need to attract further investment and prepare for potential IPOs, with several companies actively pursuing public listings [11] - There is a concern that the rush to commercialize may detract from necessary research and development efforts, potentially stalling technological progress [12][13] Future Outlook - The industry is expected to see a clearer distinction between leaders and laggards as capital and talent concentrate on companies with stronger AI capabilities and commercial viability [2] - The next wave of growth in the embodied intelligence sector is anticipated to hinge on advancements in "brain" technologies that enhance the functionality of humanoid robots [5] - The emphasis on practical applications and the ability to deliver results in real-world scenarios will be crucial for the survival and success of companies in this space [9][13]

Core Viewpoint - The Ministry of Civil Affairs emphasizes that technological innovation and supply optimization are essential for addressing labor shortages in the elderly care sector and enhancing service efficiency and quality, supporting the transition from a "traditional care model" to a "smart quality enhancement model" in elderly services [1] Group 1: Strategic Focus Areas - The Ministry of Industry and Information Technology (MIIT) is focusing on the development needs of the silver economy, aiming to enhance product variety, quality, technology, and standards in the elderly care industry [1] - MIIT plans to integrate new generation information technology with elderly services, maintaining a demand-oriented and problem-oriented approach [1] Group 2: Key Initiatives - MIIT will continue to promote high-quality elderly products and services, updating and publishing a directory of excellent cases for age-friendly products and services, and advancing the silver-age certification for elderly products [1] - The ministry will focus on addressing the pain points in elderly living by increasing the R&D of products such as elderly care robots, age-friendly clothing, and easy-to-swallow foods [1] - There will be ongoing optimization of the standard system for elderly products and smart health services, accelerating the implementation of key standards in smart terminals, smart communities, and smart homes [1] - MIIT will deepen the application of the internet and the age-friendly transformation of smart terminals, continuously improving the convenience of life for the elderly, thereby providing strong support for the high-quality development of the silver economy [1]

一种新型自适应刚软混合履带，让机器人在水陆之间轻松穿梭。 在仿生机器人接连取得突破之际，中国团队完成了一项关键的能力融合。他们成功研制出全球首个能稳健实现 水空界面无缝穿越的仿生攀爬机器人。 这项来自西安交通大学研究团队的突破性成果，于近期发表在国际权威期刊 《 Science Advances 》 上， 为解决机器人如何在复杂多变、甚至充满风险的真实环境中稳定工作这一难题，提供了一个精巧的仿生学方 案。 ▍ 现实难题：现有爬墙机器人，本领单一怕跨介 在我们的设想中，理想的作业机器人应该是个全能选手。 它既能在地面巡查，也能在墙壁、天花板上攀爬；既能在干燥的室内工作，也能潜入水下执行任务；面对金 属、玻璃、瓷砖等不同材质的表面，都应能全盘吸收，牢牢吸附。 磁吸附： 只能认准铁磁性表面。 负压吸附： 需要光滑密封的表面，一旦漏水漏气就失效，且能耗很高。 仿壁虎干性粘附： 在干燥环境下表现优异，但一到水下就抓瞎。 仿章鱼吸盘： 在水下是一把好手，离开水后吸附力便大打折扣。 更关键的是，当机器人需要从水下爬到空中，或从空中进入水下时，能力就全然丧失。就例如从池塘里浮出水 面进行观测，动态变化的浮力、阻力以及介质转换 ...

Summary of Humanoid Robotics Industry Analysis Industry Overview - The analysis covers the humanoid robotics sector, focusing on approximately 150 global players, including OEMs and parts suppliers [1][2][3]. Key Characteristics of the Humanoid Robotics Ecosystem 1. **Supply Chain Structure** - Humanoid robotics companies are categorized into OEMs and parts suppliers, with a supply chain structure similar to the automotive industry, featuring multiple actuator suppliers [1]. 2. **Key Know-Hows** - Hardware expertise centers on robotic design, while software involves distinct layers: "robotic models" (brain and locomotion algorithms) and "world models" (simulation environments) [1]. 3. **Vertical Integration** - Most OEMs design critical components in-house, with varying degrees of outsourcing for production. Unitree is noted for its unique approach, focusing on hardware with integrated locomotion algorithms [1]. 4. **Competition and Differentiation** - The industry has a high number of participants, indicating low entry barriers. However, differentiation is possible through quality, agility, and cost, particularly in robotic models and actuators [1]. 5. **China vs. the West** - China is emerging as a significant player in humanoid robotics, with more participants than the rest of the world combined. China leads in most areas of the value chain, except for AI chips and simulation environments [1]. Competitive Landscape - **Non-Chinese Humanoid Robot OEMs** - Key players include Tesla, Boston Dynamics, and Agility Robotics, with varying capabilities in hardware and software [2]. - **Non-Chinese Humanoid Parts Suppliers** - Major suppliers include NVIDIA, Google, and Intel, providing essential components like AI chips and actuators [3]. - **Chinese Humanoid Robot OEMs** - Notable companies include Unitree Robotics, UBTech, and XPeng, with a focus on various hardware and software capabilities [4]. - **Chinese Humanoid Parts Suppliers** - Key suppliers include Hesai and RoboSense, contributing to the hardware and software needs of the industry [6][9]. Investment Implications - Recommendations include: - **Outperform**: Shuanghuan, Hesai, Tuopu, Inovance, Harmonic Drive - **Market-Perform**: Sanhua - **Underperform**: Leader Drive [10]. Financial Metrics - Specific financial metrics and projections for key companies are provided, including EPS and P/E ratios for 2024-2026 [11]. Conclusion - The humanoid robotics industry is characterized by rapid growth, significant competition, and a clear divide between Chinese and Western players. Investment opportunities exist, particularly in companies that demonstrate strong differentiation and technological capabilities.

步科股份、大鹏工业涨超10%，锋龙股份13连板，绿的谐波、五洲新春、美湖股份、斯菱智驱跟涨。 ...