Group 1 - Alibaba announced the launch of its first self-developed AI glasses, Quark AI Glasses, at the 2025 World Artificial Intelligence Conference, marking a significant entry into the AI product market after integrating its AI To C business [1][7] - The Quark AI Glasses feature dual-core, dual-system, and dual-battery design, ensuring extended battery life with replaceable batteries and charging stations, and support for multiple AI capabilities such as calls, music, translation, and meeting minutes [1] - The competition in the AI glasses market is intensifying, with various tech companies and traditional eyewear manufacturers entering the field, leading to a "battle of hundreds of glasses" [1][2] Group 2 - The AI glasses market is projected to see significant growth, with global shipments expected to reach 12.8 million units by 2025, a 26% increase year-on-year, and China's market expected to grow by 107% to 2.75 million units, making it the largest globally [3] - Industry experts highlight that while the current excitement around AI glasses is notable, underlying challenges such as chip computing power, optical display issues, and ecosystem development remain significant hurdles [2][3] - Policy support is emerging, with regions like Zhejiang and Shanghai providing incentives for AI glasses, including subsidies to stimulate consumer demand [2] Group 3 - The AI glasses industry is witnessing collaborative efforts, with companies like Hisense and XREAL forming strategic partnerships to advance technology and market expansion [3] - The global AI glasses market is expected to see a surge in sales, with estimates suggesting 3.5 million units sold by 2025, a 230% increase from previous years [4] - Key players in the AI glasses supply chain, such as TCL Electronics and Sunny Optical Technology, are actively developing new products and technologies to meet market demands [5][6]

Group 1 - Alibaba is set to launch its first self-developed AI glasses this week, entering the competitive "hundred glasses war" [1][2] - The AI glasses will feature a voice assistant, music playback, phone calls, real-time translation, and meeting minutes, integrating functions from Alibaba's ecosystem such as maps, payments, and shopping [2][3] - Two versions of the product will be released: non-display AI smart glasses and AI+AR smart glasses, with the latter being prioritized [2][3] Group 2 - The development of these AI glasses is an extension of Alibaba's AI to consumer strategy, completed by the Tmall Genie hardware team and Quark AI research team [3] - The AI glasses project was officially initiated in April, with the team actively expanding [3] - The glasses will utilize a dual-chip architecture, featuring Qualcomm Snapdragon AR1 and Hengxuan BES2800 chips, and will include a Sony IMX681 image sensor with 12 million pixels [2][3] Group 3 - Other major tech companies in China are also advancing their AI glasses development, indicating a growing market [4][6] - Baidu's CEO announced the launch of the world's first native AI glasses equipped with a Chinese large model, while Xiaomi introduced its AI glasses, priced from 1999 yuan, directly competing with Meta's Ray-Ban [5][6] - The AI glasses market is expected to expand rapidly as more players enter, with a busy product release and mass production period anticipated in the second half of the year [6]

Summary of Conference Call Company and Industry - The conference call pertains to the AI glasses industry, specifically focusing on the products from the company involved in the development of smart glasses, including the Bluebird V3 and the new AI shooting glasses, View AI [1][5]. Core Points and Arguments - The AI glasses market has seen a relatively flat performance from January to May, with fewer new product launches [1]. - The development logic of the smart glasses brand is rooted in their tactile product experience, with a focus on shooting and display functions [2]. - The first two products launched, City AI and City Air AI, have seen improvements in weight and battery life, with weights of approximately 38g and 33g respectively, and battery life extending to 14 hours for the CTAII model [3]. - The market for AI glasses is currently in a phase of product capability verification, with existing products facing various practical usage issues such as battery life and Bluetooth connectivity [9]. - The View AI product is positioned to compete directly with the Lanyard V3, with similar pricing (around 1600 to 1700 yuan) and comparable specifications [6]. - The introduction of a temporary intelligent agent in the new product aims to enhance user experience by providing real-time responses to queries [8]. - Anticipation for upcoming products in the second half of the year includes AI shooting glasses and AI + AR glasses from various brands, indicating a competitive landscape [10]. Other Important Content - The online sales figures for the brand indicate a projected revenue of approximately 3.64 million yuan for 2024, averaging about 300,000 yuan per month [4]. - The conference highlighted the need for real-world feedback on new products, emphasizing that the industry is still in its early stages of development [7]. - Recommendations were made to pay attention to related companies in the supply chain, such as Bingpai and Mingyue, which may benefit from the growth in the AI glasses market [11].

Group 1: Apple and Competitors - Apple plans to release smart glasses by the end of next year to capture the augmented reality device market, while shelving plans for a smart watch with a built-in camera [1] - Apple engineers are accelerating the development of these glasses, aiming for a release by the end of 2026, competing with Meta's popular Ray-Ban smart glasses [1] - Warby Parker announced a partnership with Google to develop all-day wearable AI glasses, with Google committing up to $75 million for product development and commercialization [1] Group 2: Market Trends - According to CINNO Research, the domestic consumer-grade AI/AR glasses market is expected to reach sales of 96,000 units in Q1 2025, representing a 45% year-on-year growth [2] - Screened AR glasses hold an 80% market share, while non-screen AI glasses account for 20%, indicating significant structural differentiation in the market [2] Group 3: Hong Kong Stock Related Companies - TCL Electronics plans to launch a new smart glasses model, X3Pro, in Q2 2025, following the release of its AI photography glasses, Thunder V3 [3] - Sunny Optical Technology has developed a comprehensive XR visual solution covering various technologies, meeting industry demands for features like SLAM and eye-tracking [3] - Conant Optical has signed a product supply framework agreement with a multinational consumer electronics company, establishing an XR R&D and service center to support precision optical business [3] Group 4: Other Companies in the AI Glasses Space - Xiaomi's AI glasses are set to compete directly with Meta's Ray-Ban, featuring AI capabilities, audio modules, and camera modules, with an estimated post-tax cost of approximately 1,281 yuan [4] - Baidu's AI glasses are expected to launch in the first half of 2025, as revealed by the company's vice president [4] - China Mobile introduced a customized AI glasses product at the 2025 Cloud Intelligence Conference, featuring real-time translation services and various business functionalities [4]

Group 1: Market Overview - The domestic consumer-grade AI/AR glasses market in China saw sales reach 96,000 units in Q1 2025, representing a year-on-year growth of 45% [2] - The market is characterized by a significant structural differentiation, with screen-based AR glasses (including integrated and split types) accounting for 80% of the market share, while non-screen AI glasses make up 20% [2] - Global AI smart glasses market is expected to experience explosive growth, with sales projected to reach 600,000 units in Q1 2025, marking a year-on-year increase of 216% [2] Group 2: Industry Competition - Major tech giants such as Meta, Xiaomi, and Huawei are entering the AI/AR glasses market, intensifying competition [3] - The main control SoC chip constitutes about 30% of the total product cost, with its performance directly influencing product experience differences [3] - System-level low-power SoC is considered an optimal solution, and domestic chips provide a rich array of options for the market [3] Group 3: Company Developments - TCL Electronics has launched the AI photography glasses under its Thunder brand and plans to release the smart glasses X3Pro in Q2 2025 [4] - Sunny Optical Technology has developed a comprehensive XR visual solution covering various technologies and is advancing in high resolution, miniaturization, and variable aperture [4] - Conant Optical has signed a product supply framework agreement with a multinational consumer electronics company, aiming for long-term collaboration and has established an XR R&D and service center [4] Group 4: Product Launches - Xiaomi's AI glasses are set to compete directly with Meta's Ray-Ban, featuring AI capabilities, audio modules, and camera modules, with an estimated post-tax comprehensive cost of approximately 1,281 yuan [5] - Baidu's AI glasses are expected to officially launch in the first half of 2025 [5]

以下文章来源于科创板日报 ，作者唐植潇 科创板日报 . 科创圈都在关注的新型主流媒体，上海报业集团主管主办，财联社出品。 4月29日，习近平总书记在上海考察期间，来到上海市徐汇区"模速空间"大模型创新生态社区，在人工智能产品体验店了解产品功能和市场行情，并 饶有兴致地戴上智能眼镜亲身体验。该体验店展出200余款AI产品，涵盖智能穿戴、效率提升、智能健康等领域。 今年以来，AI眼镜产业迎来端侧落地节点，成为AI厂商与硬件企业争夺的新高地。 小米3月推出MIJIA智能音频眼镜2，售价1199元，并计划于下半年发布集成摄像与AR导航功能的新款眼镜。 阿里由天猫精灵团队主导研发AI智能眼镜，分为基础版与AI+AR版，预计年内发布。字节跳动自2024年起筹备AI眼镜项目，目前处于供应链对接阶 段。 新创企业推进产品化落地。Rokid发布Glass系列，搭载自研影像系统与定制大模型，具备语义识别、拍照识物、实时翻译等功能。 融合语音、图像识别、翻译、拍摄等多模态能力的新一代智能眼镜，正从功能演示走向实用场景，形态更接近普通眼镜，强调在双手被占用时通过 语音、手势、头动完成交互，逐步具备替代手机的潜力。 与此同时，政策与技 ...

点击 关注我们 报告摘要 证券研究报告 | 2025年02月21日 报告发布日期：2025年2月21日 报告名称:《AI眼镜系列专题报告（一）- AI眼镜发展势如破竹，光学显示系统成决胜关键 》 分析师：胡剑 S0980521080001/胡慧 S0980521080002/ 叶 子 S0980522100003 / 詹浏洋 S0980524060001 / 张大为 S0980524100002/李书颖S0980522100003 联系人：连欣然 完整报告请扫描下方二维码 Al眼镜系列专题报告（一） AI眼镜发展势如破竹,光学显示系统成决胜关键 行业研究 · 行业专题 曲子 投资评级:优于大市(维持) 证券分析师:胡剑 021-60893306 hujian 1@guosen.com.cn S0980521080001 证券分析师:胡慧 021-60871321 huhui2@guosen.com.cn S0980521080002 证券分析师:叶子 0755-81982153 yezi3@guosen.com.cn S0980522100003 证券分析师:张大为 021-61761072 zhangdaw ...