Core Viewpoint - The integration of robots with "embodied intelligent brains" is set to transform daily life, enhancing convenience in various sectors such as retail and home services [1]. Group 1: Retail Innovations - Future convenience stores will feature efficient retail scenarios where customers can order products via tablets, and robots will fulfill these orders quickly, with implementations planned in over 100 locations nationwide within the year [3][4]. - The use of robots in low-demand night shifts can significantly reduce marginal costs, making them accessible to a broader customer base as commercial deployment expands [5]. Group 2: Advancements in Service Robots - Life service robots are making breakthroughs, with developments in dexterous hand movements that closely mimic human sensitivity, crucial for their integration into everyday life [6][8]. - The evolution of robots from merely executing commands to understanding human intentions is highlighted, particularly in home environments where emotional interactions are becoming more sophisticated [10][11]. Group 3: Technological Support and Development - A comprehensive platform supports the development of these robots, combining large model capabilities with virtual simulation environments, facilitating data collection, algorithm training, and model validation for developers [11][12]. - The "embodied intelligent brain" technology is enabling robots to better understand and respond to human needs, thus redefining daily life and enhancing convenience and emotional warmth in interactions [14].

Core Viewpoint - SenseTime successfully completed the placement of 1.667 billion new Class B shares, raising approximately HKD 2.5 billion, with funds primarily allocated for AI core business development and strategic layout in cutting-edge fields like embodied intelligence and real-world assets [1][2]. Group 1: Fundraising Details - The placement of 1.667 billion shares represents 4.58% of the company's issued Class B shares and 4.50% of the total issued shares, with a subscription price of HKD 1.50 per share, reflecting a discount of approximately 6.25% from the closing price on July 23 [2]. - The entire placement was fully subscribed by Infini Capital, which focuses on global capital allocation needs for Middle Eastern sovereign wealth funds and family offices [2]. Group 2: Allocation of Funds - 30% of the net proceeds will be used for the development of AI core business, including the expansion of the "SenseTime Big Device" infrastructure platform [3]. - Another 30% will support the research and development of generative AI and multimodal large models, aiming to commercialize applications in vertical fields such as smart hardware and digital finance [3]. - 20% will be invested in the integration of embodied intelligence and emerging technologies, while the remaining 20% will be allocated for general operating expenses [3]. Group 3: Strategic Developments - SenseTime plans to establish an independent company focused on embodied intelligence, with a core team including its chief scientist and former JD Research Institute director [4]. - The company has restructured its organizational framework into a "1+X" model, where "1" represents the core business and "X" represents the ecosystem of independent enterprises, including sectors like smart vehicles and home robots [4]. Group 4: Industry Context - The AI industry in China is experiencing significant growth in financing, with leading companies like SenseTime accelerating their technological layouts through capital operations [5]. - The competition in AI technology is evolving from algorithmic levels to hardware and application scenarios, with a shift towards "technology leadership" rather than just "high cost-performance alternatives" [5]. - SenseTime has engaged in deep collaborations with various embodied intelligence companies, developing projects like the "embodied intelligence brain" and emotional support robots [5][6].