截至2025年9月30日，公司总营收增至5343.7万美元，而截至2024年9月30日止九个月为1945.5万美元。 据介绍，营收得益于大模型智能水平的提高、AI原生产品套件的扩展，个人用户、开发者及企业用户 采用的增加，以及涵盖订阅、应用内充值、企业API调用及在线营销服务的多样化变现渠道。 智通财经记者获悉，MiniMax本次全球发售股份总数为2538.922万股，发售价区间为每股151至165港 元，预计募资金额约为38.34-41.89亿港元，将于1月9日正式登陆港股资本市场，港股代码0100。这家员 工平均年龄仅29岁的"年轻化"AI公司，从成立到完成港股IPO仅用时四年，刷新全球AI领域从创立到上 市的最短时间纪录。 根据全球公开发售文件，MiniMax此次引入14名重量级基石投资者，阵容涵盖国际长线基金、头部科技 企业、中资长线机构及保险资本等多元类型，包括Aspex、Eastspring、Mirae Asset、ADIA、阿里巴 巴、易方达等国内外知名机构，合计认购金额达27.23亿港元。 2025年12月31日，智通财经记者查阅招股书显示，在资金用途方面，假设发售量调整权或超额配股权未 获行 ...

Core Viewpoint - SenseTime Technology's stock price surged to HK$2.40, reflecting a 7.14% increase, driven by short-term catalysts in the "robotics, AI" sector and long-term improvements in its fundamentals, supported by institutional ratings and increased trading volume [1][2] Stock Performance - The stock reached a high of HK$2.40 during trading, with a trading volume of 705 million shares and a total turnover of HK$16.62 billion [2] - The stock's 52-week high is HK$2.94, while the low is HK$1.24, indicating significant volatility [2] Institutional Support - Galaxy Securities initiated coverage on SenseTime with a target price of HK$3.18, suggesting a 47% upside from the closing price of HK$2.16 on December 10, 2025 [2] Product Launches - SenseTime's recent "Product Launch Week" introduced several innovative AI products, including the Seko2.0 multi-episode generation agent and various AI assistants tailored for different sectors, enhancing its application ecosystem [3] Growth Projections - Galaxy Securities forecasts a compound annual growth rate (CAGR) of 30% for SenseTime from 2024 to 2027, with revenue expected to rise from RMB 3.8 billion to RMB 8.3 billion, and profitability anticipated by 2027 [4] - The company's "1+X" strategy is seen as a key driver for growth, focusing on core generative AI while fostering independent growth in other innovative sectors [4] Technological Advancements - SenseTime's new products address industry challenges and enhance operational efficiency, with the Seko2.0 achieving significant upgrades and the AI assistant showing over 95% accuracy in enterprise scenarios [5] - The open-source multi-modal NEO architecture requires only 3.9 million training data to achieve top-tier performance, showcasing the company's technological capabilities [5] Valuation Insights - The launch of new products is viewed as a critical factor for valuation recovery, with Galaxy Securities noting that the current enterprise value/sales ratio of 13 times for the 2026 fiscal year does not fully reflect the growth potential of generative AI [6] - The synergy of continuous technological breakthroughs, clear strategic focus, and positive capital ratings is expected to enhance SenseTime's growth potential in the evolving AI industry [6]

Core Insights - OpenAI's VP of Research, Jerry Tworek, has announced his departure after seven years, citing a desire to explore research avenues that are difficult to pursue within OpenAI [1][7][6] - Tworek is recognized as a pivotal figure in OpenAI, having contributed significantly to key technologies such as programming and complex reasoning, and was involved in the development of major models like Codex and GPT-4 [2][6] - The departure of Tworek is part of a larger trend of core talent leaving OpenAI, raising concerns about the company's direction and internal culture [8][14] Talent Departure - Tworek's exit follows a series of high-profile departures from OpenAI, including Dario Amodei, Ilya Sutskever, and John Schulman, indicating a troubling pattern of talent loss [8][10][14] - The reasons for these departures often relate to a shift in the company's focus from idealistic research to commercial pressures, which has led to dissatisfaction among researchers [14][19] Company Transformation - OpenAI has transitioned from a non-profit research organization to a commercial entity focused on product development and profitability, which has altered the work environment for its researchers [14][19] - The emphasis on meeting deadlines and commercializing products has created a disconnect for those who initially joined OpenAI for its research-oriented mission [14][19] Competitive Landscape - As OpenAI faces internal challenges, competitors like Anthropic and Google are rapidly advancing, potentially capitalizing on OpenAI's talent exodus [17][18] - The competitive pressure is compounded by ongoing concerns about safety and ethical considerations in AI development, which have been highlighted by departing employees [14][19] Future Outlook - The ongoing loss of key personnel raises questions about OpenAI's future viability and its ability to maintain its technological edge in the rapidly evolving AI landscape [23][24] - The contrasting influx of new talent alongside the departure of seasoned experts reflects a complex and potentially unstable environment within OpenAI [18][24]

1月6日，大模型初创公司MiniMax（0100.HK）港股IPO申购正式收官。根据富途证券数据，MiniMax此 次IPO孖展金额录得超2533亿港元，公开发售部分超额认购1209倍。 港交所公告显示，MiniMax预计在1月9日正式登陆港股，拟在香港发售2540万股股票，发售价区间为每 股151至165港元，预计募资金额约为38.34-41.89亿港元。 记者｜刘晓洁 ...

Core Viewpoint - MiniMax, a startup focused on large models, successfully completed its IPO subscription on January 6, with significant oversubscription and expected market entry on January 9 [1] Group 1: IPO Details - MiniMax recorded a subscription amount exceeding 253.3 billion HKD for its IPO [1] - The public offering was oversubscribed by 1,209 times [1] - The company plans to issue 25.4 million shares at a price range of 151 to 165 HKD per share, aiming to raise approximately 3.834 to 4.189 billion HKD [1]

"NeoVerse是我们与中国科学院自动化所产学研协同的重要成果，更是用技术解决行业痛点的又一次实践。"CreateAI首席科学家王峰表示，"大模型训练依赖 于可扩展的（scalable）海量数据，而多目或4D数据过于昂贵导致世界模型的发展速度受限。我们提出的Feedforward 4D Gaussian重建加Diffusion生成的方 法，通过单目视频即可高效地合成大量的4D数据，为4D世界模型的建立铺平了道路。" 此次发布的NeoVerse模型支持强大的蒸馏LoRAs（distillation LoRAs）扩展，在单张显卡上可实现低于30秒的快速推理，具备优异的产业级应用潜力。 （文章来源：中国经营报） CreateAI（OTC:TSPH）近日正式发布与中国科学院自动化所共同研发的4D世界模型NeoVerse。目前，相关研究论文已在项目主页上线，供全球开发者查 阅。 据CreateAI方面介绍，该模型融合diffusion与4DGS核心技术，基于100万段开放场景（in-the-wild）单目视频训练，30秒即可完成通用4D世界模型构建，不仅 打破传统4D建模对昂贵多视角数据的依赖，更实现"重建+生成"无 ...

来源：观点地产网 观点网讯：1月6日，中国人工智能企业MiniMax公布港股IPO申购结果，孖展金额最终录得超2533亿港 元，公开发售部分超额认购倍数高达1209倍，成为近期港股AI板块最受关注的新股。公司预计于1月9 日正式挂牌交易。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 根据公开资料整理，MiniMax本次全球发售股份总数为2539万股，发售价区间定为每股151至165港元， 预计募资金额约为38.34亿至41.89亿港元。公司成立于2021年，员工平均年龄仅29岁，从创立到完成港 股IPO仅用时四年，刷新全球AI企业最快上市纪录。 ...

来源：环球网 【环球网科技综合报道】1月6日消息，据CNBC报道，科技巨头亚马逊正式推出人工智能助手Alexa +的专属网站Alexa.com，部分用户现已可通过浏览器与 这款助手展开对话。据此，也与OpenAI旗下广受欢迎的ChatGPT展开更为直接的竞争。 目前，Alexa.com网站仅面向Alexa +用户开放。Alexa +是亚马逊于去年2月推出的新一代人工智能助手，不过现阶段它仍处于早期体验阶段。对于渴望率先 体验这一新功能的用户来说，有两种途径可以获得使用权限。一是加入候补名单，等待亚马逊的审核与邀请；二是购买较新款的相关设备，设备中通常会预 装或支持Alexa +服务。 亚马逊方面称，消费者借助 Alexa.com 能够"迅速获取答案、深入探究复杂主题、自主创建内容、合理规划旅行路线，以及获取作业方面的辅助"。此外，该 公司还透露，用户可在 Alexa + 聊天窗口中对智能家居设备进行管理操作。（青山） ...

Core Insights - DeepSeek's introduction of a new AI model in January 2025 caused significant market reactions, leading to a decline in stock prices of major Western tech companies, but the market has since stabilized and companies like Nvidia have seen substantial growth [1][2][3] Group 1: Market Reactions and Recovery - Following DeepSeek's initial model release, Nvidia's stock fell 17%, resulting in a loss of nearly $600 billion in market capitalization, while Broadcom and ASML also experienced significant declines [1] - Eleven months later, Nvidia achieved a $5 trillion valuation, Broadcom's shares increased by 49%, and ASML's stock rose by 36% [2] Group 2: DeepSeek's Model Releases - DeepSeek released its V3 model in late 2024, which was trained using less powerful chips and at a lower cost compared to models from OpenAI and Google [3][4] - The subsequent release of the R1 reasoning model in January 2025 surprised the market, as it matched or outperformed leading LLMs [4] Group 3: Market Dynamics and Spending - Despite initial concerns about reduced demand for AI infrastructure due to DeepSeek's model, spending in the AI sector did not slow down in 2025 and is expected to accelerate in 2026 and beyond [6][7] - The market has perceived DeepSeek's later model updates as incremental improvements rather than groundbreaking innovations [7] Group 4: Computational Limitations - DeepSeek has faced challenges in releasing new models due to limited computing power, particularly with the delay of the R2 model due to difficulties in training on Huawei chips [8][9] - U.S. restrictions on chip sales have constrained China's access to advanced computing resources, impacting DeepSeek's development capabilities [9][10] Group 5: Competitive Landscape - The release of advanced models by Western companies like OpenAI and Google has reassured the market of continued U.S. leadership in AI, easing fears of commoditization [12][13] - Analysts suggest that the competitive environment remains intense, with expectations of further significant releases from DeepSeek in the near future [13][14]

Group 1 - The A-share market saw significant movements in sectors such as intelligent driving and commercial aerospace, with the Shanghai Composite Index reaching a nearly 10-year high of 4068 points [2] - The AI ETF (515070) saw its holdings, including companies like Desay SV and Beijing Junzheng, experience notable gains, with Desay SV hitting the daily limit and Beijing Junzheng rising over 8% [2] - The AI ETF recorded an intraday increase of over 0.5%, with trading volume surpassing 270 million yuan [2] Group 2 - Huolong Securities believes the market is in a "slow bull" phase, with expectations for upward breakthroughs, supported by anticipated overall growth in listed company performance through 2026 [2] - The supportive policies, including more proactive fiscal measures and moderately loose monetary policies, are expected to enhance the internal momentum of the economy, leading to continuous improvement in the fundamentals of listed companies [2] - Despite rising trade protectionism, the global economy is expected to remain resilient, with foreign trade maintaining strong resilience [2] - The overall market valuation is considered reasonable, and with continuous improvement in profitability, there is potential for valuation expansion [2] - Expectations for micro liquidity in the market are abundant, driven by policy support for long-term capital inflows and positive fundamental outlooks, alongside a stable RMB exchange rate [2] - The China Securities Regulatory Commission's "14th Five-Year Plan" for the capital market aims to steadily expand high-level institutional openness, enhancing the attractiveness of the capital market [2] Group 3 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), selecting component stocks that provide technology, basic resources, and applications for artificial intelligence, focusing on the midstream and upstream of the AI industry chain [3] - The top ten weighted stocks in the ETF include leading domestic technology companies such as Zhongji Xuchuang, Xinyi Sheng, Cambricon Technologies, and Hikvision [3]