Core Viewpoint - The article discusses the emergence of "Hey Tuya," an AI life assistant developed by Tuya Smart, which integrates software and hardware to create a seamless smart home experience, moving beyond simple command responses to proactive engagement in daily life [6][46]. Group 1: AI Life Assistant Features - "Hey Tuya" allows users to control smart home devices through a unified interface, enabling actions like adjusting lighting and temperature with simple voice commands [8][16]. - The assistant can manage home security by providing real-time updates and alerts, such as recognizing delivery personnel through camera feeds [23][24]. - It offers energy management solutions, allowing users to set automated energy-saving strategies for their devices [30][31]. Group 2: User Interaction and Personalization - The AI can create to-do lists and reminders based on natural language conversations, adapting to users' habits and schedules [32][35]. - "Hey Tuya" can simulate a user's voice in meetings, recording discussions and generating structured meeting notes [37][38]. - It provides nutritional analysis of meals through image recognition, helping users track their dietary habits [40][42]. Group 3: Technological Infrastructure - The underlying architecture of "Hey Tuya" is based on Tuya's Physical AI Engine (PAE), which enables real-time collaboration between AI and physical devices [46][47]. - PAE includes three core engines: Conversational AI Engine, Vision AI Engine, and IoT Intelligence Engine, facilitating complex interactions across various environments [50][51]. - The system employs a long-term memory mechanism to learn user preferences and behaviors over time, enhancing its responsiveness [53][54]. Group 4: Company Background and Market Position - Tuya Smart, founded in June 2014, has evolved from a device connectivity platform to a leading AI cloud service provider, focusing on AIoT integration [56][59]. - As of September 30, 2025, Tuya has over 1.622 million registered developers across more than 200 countries, showcasing its extensive global reach [60]. - The company's AIoT ecosystem encompasses over 3,000 product series across eight categories, positioning it as a key player in the smart home and IoT market [61][62].

Financial Performance - Tuya's total revenue for Q3 2025 was $82.5 million, a 1% year-over-year increase[9] - The company's gross margin was 48% in Q3 2025[9] - Non-GAAP operating profits reached $8.9 million, representing an 11% margin, a 21% year-over-year increase[9] - Non-GAAP net profits were $20.1 million, with a 24% margin[9] - GAAP net profits were $15.0 million, with an 18% margin, a 442% year-over-year increase[9] - The company's net cash balance stood at $1.027 billion as of September 30, 2025[9] Business Highlights - Tuya is the largest 3rd party AI developer platform globally[9] - International revenue accounts for 85%~90% of the total revenue[9] - The company has a dividend for 2025 H1 of $33 million[9] - The current market capitalization is between $1.25 billion and $1.7 billion[9] - The company has served approximately 7,000 global brands[12] - Tuya's technology powers approximately 880 million smart devices[12]

Core Insights - Tuya Smart emphasizes the integration of AI and IoT at the 2025 TUYA Global Developer Summit, showcasing its commitment to advancing AIoT technologies [1] - The company introduced its AI Agent Development Platform and three major technology engines—Tuya.AI, TuyaOpen, and HEDV—to enhance developer capabilities and accelerate AI commercialization [1] AI Agent Development Platform - The AI Agent Development Platform provides developers with tools to manage intelligent agents, integrating global large language models for seamless functionality [2] - Developers can create customized smart agents for various applications, enhancing user experiences [3] Tuya.AI - Tuya.AI offers comprehensive AI hardware development solutions, addressing challenges in mass production and enabling rapid market access for developers [4][5] - The platform allows for quick integration of AI capabilities into smart devices, significantly improving commercial value and reducing time-to-market [5] TuyaOpen - TuyaOpen is an open-source development framework aimed at fostering innovation in the AIoT industry, supporting a wide range of creative implementations [6][7] - It inherits capabilities from TuyaOS and integrates an AI inference engine, facilitating cloud-edge integration and expediting product commercialization [8] HEDV - The HEDV edge computing platform addresses the need for robust data security and customized development in complex business scenarios [9][10] - It features a distributed architecture for flexible deployment, ensuring data security while maintaining scalability for high-concurrency environments [11] Future Outlook - Tuya aims to empower global developers with advanced tools for AIoT implementation, fostering innovation and driving the commercial era of AIoT [12]