Core Insights - The World Artificial Intelligence Conference (WAIC) showcased a variety of AI and AR glasses, attracting significant attention due to their hands-on experience opportunities [1] - The audience's reactions to the smart glasses varied widely, reflecting differing expectations and prior experiences with similar products [2][4] - The industry faces a challenge where hardware development may lag behind software capabilities for at least the next decade, raising questions about how to engage a broader consumer base as the market matures [5] Industry Trends - The success of Ray-Ban Meta glasses has catalyzed a competitive landscape, leading to a surge in smart glasses development, with a focus on AI functionalities [5][6] - Many companies are beginning to clarify their product positioning, with some focusing on specialized features rather than attempting to cover all functionalities [7] - Halliday's AI glasses, which prioritize display capabilities over traditional features like photography, exemplify a trend towards specialization in product development [8][10] Competitive Landscape - Major tech companies like Xiaomi and Alibaba are entering the AI glasses market, indicating a shift towards more established players dominating the space [12][13] - Alibaba's Quark AI glasses are designed to integrate deeply with its ecosystem, showcasing the importance of software capabilities alongside hardware [13] - The industry is expected to see a convergence in hardware specifications and core functionalities, leading to a more stratified competitive environment where smaller firms focus on niche markets while larger companies leverage their ecosystem advantages [15]

1 、 国家发改委举行新闻发布会介绍，将在 7 月下达今年第三批消费品以旧换新资金。 随着存量政策加快落地见效，新的储备政策陆续出台实施，有信 心、有能力把外部冲击的不确定性和不利影响降到最低，推动经济持续健康发展。 2 、 香港特区政府发表《香港数字资产发展政策宣言 2.0 》明确，未来的数字资产交易、托管等服务，将进行牌照化管理。 《政策宣言 2.0 》提出，将代 币化政府债券发行常规化，并推动贵金属、有色金属及可再生能源等领域的多元应用。同时，稳定币发行人发牌机制将于 8 月 1 日实施。 3 、小米人车家全生态发布会召开。小米集团创始人、董事长兼 CEO 雷军正式发布新车小米 YU7 ， 一共有标准版、 Pro 和 Max 三个版本，售价分别为 25.35 万元、 27.99 万元和 32.99 万元。小米汽车官微称，小米 YU7 1 小时大定突破 28.9 万台。 雷军还发布小米首款 AI 眼镜，售价 1999 元起，支持无手 机扫码支付。 4 、 国务院办公厅印发《关于进一步完善信用修复制度的实施方案》，提出十个方面举措， 进一步完善统一规范、协同共享、科学高效的信用修复制 度，更好帮助信用主体高 ...

Core Insights - The report emphasizes that the pessimistic expectations surrounding computing infrastructure are reversing, with leading companies like Nvidia and Broadcom showing strong market performance, indicating a sustained high prosperity trend in computing infrastructure [3][4][5] - The AI industry chain is expected to have a certain rebound potential under the influence of overseas mapping and market style rotation, making it an optimal time for investment [2][4][6] Computing Infrastructure - Recent performance in the A-share TMT sector has been notable, with telecommunications, computers, electronics, and media sectors rising by 2.42%, 2.42%, 2.23%, and 1.34% respectively, while computing infrastructure components like optical modules, copper connections, and circuit boards saw increases of 5.18%, 4.45%, and 3.88% [4] - The launch of new AI products, such as AR glasses, is accelerating the integration of AI applications from concept to execution, with major tech companies like Microsoft and Google heavily investing in this area [6] AI Industry Chain - The report highlights that the AI application landscape is transitioning towards deep integration and task execution, with significant developments expected at the upcoming ByteDance Volcano Engine 2025 conference [6] - The computing infrastructure sector, particularly components directly benefiting from the high prosperity of overseas computing leaders like Nvidia, is identified as a key area for investment focus [6]