十余年前，作为Facebook早期最具影响力的华人工程师之一，王淮Harry带着技术派的浪漫情怀，回国 成立了线性资本，从Day1就持续专注于科技早期投资。 当他在畅销书《打造Facebook》里拆解硅谷方法论时，AI还是一个被大多数人视为"疯子"才会谈论的科 幻词汇。但今天，无论你信与不信AI，它确实关乎到未来每个个体和种族的生存。 回顾2025年，线性持续在AI领域保持稳定的出手频次，投出了超过1亿美元的金额。 在AI的非线性加速度下，我们如何重新思考投资的逻辑？如何看待中美之间的科技竞争？当思考可以 被计算，判断可以被预测，那么属于人的价值又该退守到哪里？以下，是Harry的回答： 含华量100%与50%的中美AI战争 我们十年前就在提AI了，那个时候如果你说AI会成为未来垄断性的核心力量，大家都会觉得你疯了， 因为不管从技术还是商业上，都没有办法真正证明这一点。 但今天，无论你信与不信AI，它确实关系到我们未来个体和种族的生存。这个世界变化的速度，总是 超出最乐观者的预期。 我是工程师背景出身，博士就在学机器学习。但这新一波AI能力的体现，从ChatGPT 3.5落地到现在， 它的能力上限也一直在刷新 ...

1月9日消息，据雷军微博，全国首台定制版小米SU7 Ultra"竞速红"正式交付用户，车主来自北京。"车 主偏爱红色，搭配极夜黑/冰河蓝双色内饰，非常惊艳！" 值得一提的是，车主孙先生在提车之际，特意请小米同事转达对创始人雷军的一句话："不要怕，勇敢 地坚持干下去，好的东西自己会说话。"雷军在微博上回应称："谢谢孙先生，谢谢所有尊敬的车主朋友 们！" 责任编辑：李思阳 1月9日消息，据雷军微博，全国首台定制版小米SU7 Ultra"竞速红"正式交付用户，车主来自北京。"车 主偏爱红色，搭配极夜黑/冰河蓝双色内饰，非常惊艳！" 值得一提的是，车主孙先生在提车之际，特意请小米同事转达对创始人雷军的一句话："不要怕，勇敢 地坚持干下去，好的东西自己会说话。"雷军在微博上回应称："谢谢孙先生，谢谢所有尊敬的车主朋友 们！" 责任编辑：李思阳 ...

Group 1: Core Themes of CES 2026 - The main theme of CES 2026 is "human-centered" AI applications, marking a shift from traditional consumer electronics to AI-centric technological transformations [1] - Chinese companies are increasingly taking center stage at CES, with 942 exhibitors, accounting for approximately 22% of the total, maintaining their position as the second-largest exhibiting nation [1] - In specific sectors, Chinese firms dominate, with 55% of humanoid robot exhibitors and nearly 70% of AI glasses brands coming from China [1] Group 2: Robotics and AI Innovations - Chinese manufacturers are expected to continue leading in cost reduction and efficiency improvements in humanoid robots, showcasing their capabilities in unstructured environments [2] - Notable products include the Unitree H1 humanoid robot with advanced sensing capabilities and the latest generation of the "绝影" series robotic dogs, which excel in indoor navigation [4][11] - The "Care-bot" humanoid robot by Fourier demonstrates embodied intelligence in real-life interaction scenarios [7] Group 3: Consumer Electronics and Smart Devices - Over 80% of global smart glasses supply chain manufacturers are from China, with 16 Chinese companies showcasing their products at CES [15] - Innovations in smart home devices include the AI-driven "安安" companion robot designed for elderly and cognitively impaired individuals [16] - Companies like Alibaba and XREAL are launching advanced AI glasses, with features such as ultra-lightweight designs and integration with various AI services [19][20] Group 4: Automotive and AI Integration - The automotive industry is transitioning from "software-defined" to "AI-defined" vehicles, with companies like Geely and Great Wall showcasing new technologies [28] - Geely's G-ASD smart driving solution and Great Wall's focus on new energy technologies highlight the industry's shift towards AI integration [30][32] - New products like the AI-driven logistics solutions from New Stone and advanced lidar technology from Hesai demonstrate the growing importance of AI in transportation [34][35] Group 5: Home Appliances and AI - Hisense introduced new RGB-Mini LED display technology and AI-controlled smart refrigerators, showcasing the integration of AI in home appliances [41] - TCL's innovations in display technology, including the world's first printed OLED car screen, reflect advancements in consumer electronics [43][44] - Companies are increasingly focusing on AI capabilities in home security and smart home management systems [51][49] Group 6: Overall Impact of AI - CES 2026 emphasizes the profound impact of AI on the consumer electronics industry, with expectations for AI user numbers to grow significantly [59] - The event serves as a platform for global tech companies to set the foundation for future technological development and transformation [59] - The integration of AI into various sectors, including robotics, automotive, and consumer electronics, indicates a trend towards deeper AI adoption in everyday life [59]

Core Viewpoint - The CES 2026 showcased significant advancements in technology, particularly highlighting the strong presence and innovation of Guangdong enterprises in the global tech landscape [1][2]. Group 1: Guangdong's Presence at CES - Guangdong had a remarkable representation at CES, with 837 companies from mainland China and 530 from Guangdong, including 370 from Shenzhen, making up 44.2% of the mainland exhibitors [1]. - The event highlighted Guangdong's innovation in various sectors, including smart hardware, AI-integrated products, and robotics, establishing the region as a key player in global tech innovation [1][2]. Group 2: Robotics and AI Innovations - The emergence of embodied intelligent robots was a focal point, with companies like SUTENG showcasing their autonomous delivery robot capable of performing nearly 20 complex tasks [3][5]. - The robotics industry is transitioning from mere demonstrations to practical applications, with companies like ZHONGQING making strides in real-world scenarios such as logistics and public services [5][6]. Group 3: Energy Solutions and Smart Technologies - Energy tech companies presented solutions for smart and decentralized energy management, including products like the Explorer 1500 Ultra and innovative outdoor solar solutions [8][9]. - The integration of AI in energy solutions is aimed at enhancing efficiency and supporting the transition to automated driving technologies [8][9]. Group 4: Globalization and Market Strategy - Guangdong enterprises are evolving from simple product exports to comprehensive global strategies that include technology, branding, and ecosystem development [12][15]. - Companies like TCL and CHUANGXIANG SANWEI are focusing on localizing their operations and building service ecosystems in international markets to enhance brand recognition and customer engagement [12][13]. Group 5: Shifting Market Dynamics - The narrative of Guangdong companies has shifted from being followers to leaders in the global tech arena, with a focus on technological innovation and brand influence [17][19]. - The efficient supply chain in Guangdong is a critical factor enabling rapid product iteration and technological advancements, positioning these companies favorably in the competitive landscape [21].

【环球网财经综合报道】据美联社报道，由香港科技园（HKSTP）与香港贸易发展局（HKTDC）联合组织的61家香 港科技企业，于1月6日至9日集体亮相美国拉斯维加斯年度消费电子展（CES），向全球展示香港在创新科技领域的 研发实力与前沿成果。开展仅前两日，香港科技馆便吸引数十位国际品牌代表、行业领袖及投资者驻足交流，围绕本 地最新创新技术及潜在合作机会展开深入探讨，助力香港科技企业拓展海外市场，进一步彰显香港作为全球领先创新 科技中心的地位。 香港科技园首席执行官Terry Wong表示："我们坚信，通过CES等全球平台展示香港的创新与科技，能够催化未来的世 界变革。HKSTP将持续连接各类资源、市场与机遇，助力创新者在世界舞台上取得成功。" 香港贸易发展局展览与数码业务副主管Vivian Chan指出："香港贸发局参与CES已超过40年，始终依托全球50多个办事 处的网络，推动科技驱动的跨境业务交易与投资，不断巩固香港作为区域及全球创新中心的地位。" （图片来源：美联社） 据报道，本次香港科技馆的展示覆盖多个前沿领域，包括先进材料与可持续技术、人工智能与数据、数字化转型、电 子产品与机器人，以及生活与健康科技 ...

The AI frenzy is creating a big problem for consumer electronics 本周齐聚拉斯维加斯参加消费电子展的全球电子产品制造商们，对于未来一年的前景难免喜忧参 半。他们对人工智能驱动的智能新设备的期待依然高涨。然而，人工智能对内存芯片的需求量巨 大，而内存芯片对于智能手机、个人电脑、游戏机和汽车等各种电子产品都至关重要，这给电子 产品制造商带来了供应短缺的困境。 戴尔公司首席运营官杰弗里·克拉克称，这种情况是他见过的"前所未有的供需失衡"。中国智能 手机制造商小米也警告称，产品交付将延迟，价格也将上涨。分析师预测，受此影响，个人电脑 价格可能上涨15%至20%。市场调研公司IDC估计，如果这种情况持续下去，今年全球智能手机 出货量可能下降5%，个人电脑销量则可能下降近两倍。 半导体行业是一个周期性行业，容易出现供过于求和供不应求的情况。然而，这次的周期可能有 所不同，因为人工智能的需求正在重塑存储芯片的生产、定价和分配方式。对消费者而言，其影 响可能会持续数年。 此次资源紧张的核心在于DRAM，即智能手机、笔记本电脑和服务器中使用的内存。英伟达等公 司生 ...

Core Insights - Lenovo is developing an enterprise-focused "personal super intelligent agent" named "Tianxi AI Pro" to enhance smart collaboration from individuals to enterprises [1][4][7] - The launch of Lenovo Qira, known as Tianxi AI in China, marks the global implementation of Lenovo's personal AI strategy, which is part of a broader hybrid AI initiative [3][6] - The integration of personal and enterprise AI aims to create a smart network that connects individual creativity with corporate intelligence, evolving from "using AI" to "co-creating AI" [3][6] Group 1 - Lenovo's Tianxi AI represents a personal intelligent agent that aligns with individual interests, while enterprises will deploy enterprise-level intelligent agents to enhance employee efficiency and external communication [3][6] - The intersection of personal and enterprise intelligent agents occurs at AI terminals purchased by enterprises, allowing personal agents to leverage enterprise capabilities alongside individual knowledge [3][6] - Tianxi AI can utilize personal data for AI services and will eventually integrate with Lenovo's enterprise-level intelligent agent, "Lexiang," to assist in decision-making processes [3][6] Group 2 - Lenovo has been developing and testing the Tianxi AI Pro version since last year, enabling enterprises to purchase and assign work versions of personal intelligent agents to employees [4][7] - The company's hybrid AI strategy, significant R&D investment, and open ecosystem are foundational for deep collaboration between personal and enterprise AI [4][7]

中国消费者购买一副单价不超过6000元的智能眼镜，将可获得15%、最高500元的直接补贴。这一消息 与拉斯维加斯CES展上刮起的AI眼镜风潮，正在全球消费电子市场掀起涟漪。 "戴上它们，你就拥有了一个全天候的私人助理。"CES 2026展台工作人员向参观者介绍最新款AI眼镜 产品时如是说。这种原本被视为极客玩物或概念产品的设备，正在以惊人的速度实用化和普及化。 2026年1月7日，CES 2026展会正如火如荼地进行。无数参观者戴上造型各异的智能眼镜，体验第一视 角的增强现实导航、实时翻译和运动拍摄。展会外，中国已明确将智能眼镜首次纳入消费品以旧换新补 贴范围，政策东风强劲。 2025年12月30日，中国政府发布通知，2026年实施的消费品以旧换新政策首次将智能眼镜列入补贴范 畴。这意味着消费者购买符合条件的智能眼镜，可享受售价15%、最高500元的补贴。 此次政策调整中，"数码产品购新补贴"升级为"数码和智能产品购新补贴"，支持品类新增智能眼镜和智 能家居产品。这一政策变化反映出中国政府对人工智能终端产业的明确支持。 实际上，中国政府对智能眼镜产业的扶持早有端倪。早在2025年初，政府就提出要重点发展新一代 ...

Group 1 - The core viewpoint of the report is that the CSI Technology Advantage Growth 50 Strategy Index (referred to as Technology 50 Strategy) utilizes multiple factors such as growth, innovation, value, low volatility, and quality to select and weight stocks from the technology sector, aiming to provide investors with a multi-factor strategy investment target based on the technology industry [1][7][11] - As of December 31, 2025, the top ten constituent stocks of the Technology 50 Strategy Index are primarily leading companies across various technology sub-sectors, with the top five stocks accounting for 17.63% and the top ten stocks accounting for 30.93% of the index's total weight [1][10][11] - The index is biased towards large-cap stocks, with 31 constituents having a market capitalization exceeding 100 billion yuan, while only 2 constituents have a market capitalization below 10 billion yuan [1][11] Group 2 - The report compares the Technology 50 Strategy Index with other representative technology and innovation indices, noting that the Technology 50 Strategy Index achieved an annualized return of 11.96% from January 1, 2020, to December 31, 2025, ranking third among six technology and innovation indices [1][57][60] - The Technology 50 Strategy Index shows lower volatility in revenue growth compared to other indices, with a projected revenue growth rate of 33.65% for 2026, which is higher than that of the other five technology and innovation indices [1][61][62] - The selection of constituent stocks for the Technology 50 Strategy Index incorporates 11 factors, providing a more comprehensive evaluation compared to other indices that focus on fewer factors [1][67][68]

21世纪经济报道记者吴佳楠孔海丽林典驰雷若馨拉斯维加斯、深圳报道 一年一度的拉斯维加斯CES（国际消费电子展），被视作企业科技创新最重磅的秀场，也是窥见技术浪 潮、洞察产业未来的重要窗口。 今年开展不久，影石Insta360标志性的明黄色手提袋就快速占领各大展馆，这款被海外博主称为"显眼 包"的配件成为展会独特风景，甚至有海外观众感叹"CES刮起了一场'黄色风暴'"。 已连续第十年参展的速腾聚创今年带来了全球首秀的机器人"配送小哥"。这位"小哥"可以全流程自主完 成从礼品打包、运送、拆包到箱子回收的长程任务，流畅实现了近20个复杂操作步骤，成为全场焦点。 "实现这一演示的核心，是速腾聚创自研的VTLA-3D操作大模型，使机器人能更全面地感知环境状态， 显著提升了高灵巧操作的成功率。"速腾聚创北美市场总裁赵培培向记者表示，目前公司的具身智能方 案形成了端到端技术闭环，可广泛应用于物流、工业、服务等多个场景。 在展会的另一侧，众擎机器人带来轻量级、高动态、全开放通用具身智能体PM01，以及首次全球范围 内亮相的全尺寸极致高效能通用人形机器人众擎T800，两大创新性产品在格斗、奔跑等高动态场景的 表现，吸引了众多观 ...