市场消息：马斯克旗下脑机接口公司Neuralink预计到2031年，每年都将把其芯片植入2万名受试者体 内。 ...

公司计划向肿瘤和帕金森患者提供"深度（Deep）"设备。 预计到2029年就会获得美国食品药品管理局（FDA）的初步审批。 马斯克旗下脑机接口公司Neuralink预计：随着（业务）大幅扩张，到2030年收入将达到10亿美元。 希望到2031年，每年能向2万人的大脑植入芯片。 ...

Core Insights - The global brain-computer interface (BCI) industry is experiencing significant advancements, with companies like Neuralink successfully completing dual surgeries in one day [1] - China is emerging as a vibrant market for BCI technology, with various cities implementing industry cultivation plans to accelerate the transition from laboratory to commercialization [1][2] Industry Developments - The Beijing Brain Science and Brain-like Research Institute has completed the world's first flexible high-throughput semi-invasive wireless implanted BCI system, achieving over 98% effective channel count [2] - China has entered the clinical trial phase for invasive BCI technology, becoming the second country globally to do so [2] - The BCI technology in China is transitioning from early functional validation to large-scale application, marking a critical period for commercialization [2] Regional Initiatives - Nanjing has launched an action plan aiming to establish itself as a research and transformation hub for BCI by 2027 and a national innovation leader by 2030 [3] - Shanghai has initiated the "Brain Intelligence World" project, integrating clinical resources and research platforms to foster BCI innovation [3] - Beijing's action plan aims to form a BCI industry ecosystem by 2030, with goals to cultivate influential tech enterprises and establish demonstration zones for BCI applications [4] Market Potential - A report by CCID Consulting predicts that China's BCI market will reach 5.58 billion yuan by 2027 [5] - Companies are increasing R&D investments across the entire BCI supply chain, including chips, sensors, and algorithms, contributing to the industry's rapid development [5][6] Innovation and Collaboration - Several A-share listed companies are enhancing their R&D capabilities, with a focus on both invasive and non-invasive BCI strategies [6] - The domestic BCI industry is shifting from a "follower" to a "parallel runner" model, achieving greater autonomy in core technology [6] - Collaborative efforts among universities, hospitals, and enterprises are driving innovation and expanding application scenarios for BCI technology [6]

Group 1 - Chen Tianqiao, a prominent entrepreneur and philanthropist, emphasizes the rapid development of the brain-computer interface (BCI) industry in China, particularly in Shanghai, which is becoming a technology center for this field [2][3] - Brain Tiger Technology, founded by Tao Hu, is recognized as a leading company in China's invasive BCI sector, having received significant support from local government and institutions [3][8] - The company has achieved notable accolades, including the highest award at the World Artificial Intelligence Conference, highlighting its impact in the industry [3] Group 2 - Chen Tianqiao advocates for a patient investment approach in the hard technology sector, contrasting it with the fast-paced returns typical of internet investments [4][5] - He cites Neuralink as an example of a company that took years to generate revenue, underscoring the need for long-term support in BCI development [4] - The investment community is encouraged to provide stable backing for innovative companies like Brain Tiger, focusing on understanding the industry and technology rather than seeking immediate returns [4][5] Group 3 - The rise of hard technology has brought attention to scientists starting their own ventures, although some face challenges in commercialization and management [6][7] - Chen Tianqiao highlights the importance of a supportive innovation ecosystem for scientists transitioning to entrepreneurship, beyond just financial backing [9] - Recent breakthroughs by Brain Tiger in real-time language and motion decoding have been recognized internationally, showcasing the company's technological advancements [8][9]

7月22日，南京举办脑机接口产业培育大会。会上，国产首个侵入式深脑电生理记录与刺激设备"明 瞳"等一批成果问世。大会同时发布了《南京市推进脑机接口产业创新突破行动方案（2025—2030） （征求意见稿）》、"江苏省脑机接口共性创新和产业服务平台"等政策和平台。 脑机接口技术，作为"十四五"规划纲要中重点发展的"脑科学与类脑研究"领域的关键技术之一，被形象 地誉为大脑与外部设备之间的"信息高速公路"。 会上发布了南京在脑机接口产业方面的一系列重要研究成果：中国电科首席专家尹奎英团队，开发出用 于阿尔茨海默症干预的经颅磁治疗脑导航技术，填补了国内空白；东南大学宋爱国教授团队，开展人机 交互遥操作机器人与多维力感知技术研究，攻克了空间六维力传感器等"卡脖子"难题…… 脑机接口，融合了神经科学、人工智能、电子信息、功能材料等多学科最新技术成果，离不开创新平台 支撑。目前，南京正通过打造技术研发、共性服务、成果转化3类平台和两大研究院，大力激发源头创 新活力。 技术研发平台方面，加强3个省部级重点实验室和1个技术创新中心建设，强化类脑智能、多模态精准驱 动、双向闭环控制等脑机接口技术研发。共性服务平台方面，加强江苏省 ...

Core Insights - The development of hard technology innovations, such as brain-computer interfaces (BCIs), requires patient capital that is willing to support long-term research and commercialization efforts, rather than expecting quick returns typical of the internet industry [1][3] - Notable investor Chen Tianqiao emphasizes that the BCI sector in China has seen significant investment growth and impactful results over the past four years, with Shanghai emerging as a global technology hub for BCIs [1][3] Investment Landscape - Shanghai-based JieTi Medical announced a B-round financing of 350 million yuan, which enabled the initiation of China's first invasive BCI clinical trial [3] - Another company, QiangNai Technology from Hangzhou, has raised over 200 million USD, significantly boosting the valuations of BCI firms [3] Investment Philosophy - Chen Tianqiao warns against treating BCIs merely as a profit-making opportunity, stressing that the hard technology sector cannot be evaluated using the short-cycle, quick-return models of the internet industry [3][4] - He argues that the BCI field requires long-term, stable support to navigate the lengthy processes of technology validation and market cultivation [3][4] Company Development - Brain Tiger Technology, founded with the goal of becoming China's equivalent to Neuralink, faces challenges due to the long development timelines, which can extend beyond 10 years [4] - The founder, Tao Hu, has transitioned from a prestigious academic career to fully commit to the startup, highlighting the dedication required for scientific entrepreneurship [4] Technological Advancements - Brain Tiger Technology has achieved breakthroughs in real-time language decoding and motor decoding, gaining attention from top scientific journals [4] - Chen Tianqiao emphasizes the need for a robust innovation ecosystem and technical platform to support scientific entrepreneurship, advocating for competition with established players like Neuralink [4]

目前，南京正通过打造技术研发、共性服务、成果转化3类平台和两大研究院，大力激发源头创新 活力。其中，南京大学脑机接口研究院聚焦高校资源端，由南京大学牵头共建，将整合校内资源，开展 校地联动，加快推进多学科交叉融合，强化脑机接口应用基础研究和关键核心技术突破。临床资源端， 江苏脑机接口研究院由江苏省人民医院牵头共建，聚焦临床研究、检验检测、成果转化，推动脑机接口 技术临床转化与产业化。 大会还发布了南京在脑机接口产业一系列重要研究成果，包括中国电科首席专家尹奎英团队，开发 出用于阿尔茨海默病干预的经颅磁治疗脑导航技术，填补了国内空白；东南大学宋爱国教授团队，开展 人机交互遥操作机器人与多维力感知技术研究，攻克了空间六维力传感器等"卡脖子"难题；南京山海医 疗自主研发的"电生理记录和刺激设备"即将获批，成功实现DBS（脑深部电刺激）术中神经电生理系统 的国产化替代等。 7月22日，脑机接口产业培育大会在南京召开。会上发布《南京市推进脑机接口产业创新突破行动 方案（2025—2030）（征求意见稿）》（以下简称《行动方案》）、"江苏省脑机接口共性创新和产业 服务平台"等政策和平台，南京大学脑机接口研究院、江苏脑机接 ...

Core Insights - The brain-computer interface (BCI) industry is recognized as a crucial future industry, with Jiangsu and Nanjing having a strong foundation for its development due to early investments and a robust talent pool [1][2] - The provincial government emphasizes the importance of integrating technology innovation with industrial development, aiming to create a deep collaboration system among academia, industry, and medical institutions [1][2] - Nanjing University is committed to addressing the needs of provincial and municipal industrial layouts, focusing on breakthroughs in core technologies related to BCIs [2] Group 1 - The BCI industry is seen as a key area for developing new productive forces, with plans for an innovation breakthrough action from 2025 to 2030 [2][3] - The conference announced the establishment of several key platforms and institutions, including the Jiangsu BCI Industry Alliance and the Nanjing BCI Research Institute [3] - A series of advanced BCI technologies were unveiled, including the first domestically produced invasive deep brain electrical physiological collection and control product [3] Group 2 - The government aims to enhance technology supply and promote the integration of industry and technology, fostering a collaborative environment for innovation [2] - The initiative seeks to position Nanjing as a national hub for the BCI industry, encouraging partnerships among universities, research institutions, and enterprises [2] - The conference highlighted the importance of foundational research and the development of key technologies in BCI, with a focus on algorithms and chip design [2]

7月22日，南京召开脑机接口产业培育大会。从发布产业创新突破五年行动方案到南京大学脑机接 口研究院、江苏脑机接口研究院双双揭牌，大会传递出鲜明信号：南京要围绕技术突破、平台打造、场 景建设等方面形成"抱团"效应，依托创新生态释放创新效能，成为全国脑机接口产业创新高地。 基于"脑科学+AI"的脑机接口，目前主要应用在医疗领域，能为癫痫、帕金森、截瘫、阿尔茨海默 病等神经相关疾病诊治带来新方案，其技术路径分为"非侵入式""侵入式""半侵入式"三类。 就在大会当天，南京山海医疗科技有限公司研制的全国首个国产侵入式深脑电生理记录与刺激设备 ——"明瞳"正式发布，填补了国内脑深部信号采集与调控高端医疗设备领域的空白。该公司董事长吴正 平介绍，这款产品一大创新之举，是能解决脑深部电刺激手术"最后一微米"难题，实现从影像精准到功 能精准的历史性跨越。 率先打破侵入式技术"天花板"并非偶然。今年，总投资逾4亿元的国家首批"两重"项目——"江苏省 脑机接口共性创新和产业服务平台"落地栖霞区。省人民医院院长刘云介绍，该院作为项目牵头方，联 合组织10家"政产学研医"代表，各方"抱团"发力，以"临床研究"为驱动，加速科研成果向临床 ...

Group 1: Housing Rental Regulations - The "Housing Rental Regulations" was officially announced by the State Council, set to take effect on September 15, 2025, aiming to standardize rental activities and protect the rights of parties involved [1] - The regulations consist of 7 chapters and 50 articles, addressing rental activities, behaviors of rental companies, and supervision management [1] - The rental population in China is nearing 260 million in 2023 and is expected to exceed 300 million by 2025, indicating significant market potential [1][2] Group 2: Economic Performance of Major Provinces - Six major economic provinces reported GDP growth rates exceeding the national average of 5.3% in the first half of the year, with Zhejiang leading at 5.8% [3] - Guangdong province, however, showed disappointing growth at 4.2%, significantly below the national level, primarily due to a 9.7% decline in fixed asset investment [3][4] - The industrial sectors in Jiangsu, Zhejiang, and Henan provinces were key drivers of economic growth, with private enterprises boosting foreign trade in Zhejiang [3][4] Group 3: Lottery Sales - National lottery sales reached a record high of 317.85 billion yuan in the first half of the year, with a year-on-year growth of 3% [5] - The growth rate of lottery sales has been slowing, with a significant drop from 36.5% in 2023 to 7.6% in 2024 [5][6] - Young consumers are increasingly drawn to instant lottery games, reflecting a shift in purchasing behavior amid economic uncertainties [6] Group 4: U.S. Credit Outlook - Fitch Ratings downgraded the outlook for 25% of U.S. industries to "negative," citing increased uncertainty and a slowdown in economic growth [7] - The U.S. government is expected to maintain a high deficit, with projections indicating a debt-to-GDP ratio of 135% by 2029 [7][8] - The downgrade suggests a higher likelihood of credit rating reductions for affected industries, impacting bond prices and financing conditions [7][8] Group 5: Lithium Battery Exports - China's lithium-ion battery exports reached a record high of $34.102 billion in the first half of the year, marking a 25.14% year-on-year increase [9] - The export volume of lithium-ion batteries increased by 17.52% to 2.156 billion units, despite ongoing low prices for raw materials like lithium carbonate [9][10] - The growth in exports is attributed to factors such as increased overseas demand and domestic production capacity expansion [9][10] Group 6: JD's New Business Model - JD launched its first self-operated takeaway store, "Qixian Xiaochu," focusing on quality food without pre-prepared dishes [11][12] - The store operates on a model that combines takeaway and self-pickup, aiming to address food safety concerns [11][12] - The operational challenges include maintaining food quality and managing the risks associated with the restaurant business model [12] Group 7: Neuralink's Surgical Milestone - Neuralink completed two brain-machine interface surgeries in one day, marking a significant advancement in its operations [13] - The company aims to perform 20 to 30 surgeries by 2025, focusing on treating severe conditions like ALS and spinal cord injuries [13][14] - The efficiency of surgeries has improved significantly due to advancements in robotic technology, which reduces reliance on human surgeons [13][14]