Core Viewpoint - The article discusses the current state and challenges of the smart glasses market, particularly focusing on Xiaomi's AI smart glasses and their competition with Meta's Ray-Ban Meta glasses. It highlights that while Xiaomi has potential, it has not yet captured the market's excitement as effectively as Meta has with its product [4][6][45]. Group 1: Product Comparison - Xiaomi's AI smart glasses have high specifications and features that surpass those of Meta's glasses, such as better suitability for Asian face shapes and longer battery life [13]. - Despite the technical advantages, Xiaomi's smart glasses face issues in user experience, such as connectivity problems and delayed interactions, which hinder their performance compared to Meta's offerings [14][15]. - The success of Meta's glasses is attributed to a well-executed product strategy, including collaborations with established brands and a focus on user experience, which Xiaomi has yet to replicate effectively [11][21]. Group 2: Market Dynamics - The smart glasses industry is still in its early stages, with a projected shipment of 156.8 million units in 2024, which is significantly lower than the smartphone market at the time of the iPhone's launch [24][25]. - The Chinese market for smart glasses is expected to see a 44% year-on-year growth, but the total volume remains low, indicating a nascent market with limited consumer adoption [26]. - The current landscape is described as "chaotic," with numerous product categories and consumer confusion regarding the actual needs and functionalities of smart glasses [28][30]. Group 3: Future Outlook - The article suggests that the integration of AI into smart glasses could redefine user interaction and drive future demand, although this potential has not yet been fully realized in consumer preferences [40][42]. - Major tech companies, including Xiaomi, are investing heavily in the smart glasses sector, indicating a belief in its long-term potential despite current challenges [43]. - The path to widespread adoption of smart glasses is expected to be a long process, with significant technological advancements needed before they can achieve mass-market appeal [46].

截至2025年7月2日 13:05，上证科创板人工智能指数(950180)下跌1.52%。成分股方面涨跌互现，奥比中光(688322)领涨2.22%，石头科技(688169)上涨 1.62%，萤石网络(688475)上涨0.82%；恒玄科技(688608)领跌3.84%，寒武纪(688256)下跌3.27%，乐鑫科技(688018)下跌3.15%。科创AIETF(588790)下跌 1.39%，最新报价0.57元。拉长时间看，截至2025年7月1日，科创AIETF近1周累计上涨2.12%。 流动性方面，科创AIETF盘中换手2.74%，成交1.17亿元。拉长时间看，截至7月1日，科创AIETF近1周日均成交3.43亿元，排名可比基金第一。 小米近期发布首款AI智能眼镜，定位为"面向下一代的个人智能设备"。五矿证券指出，这款产品通过轻量化设计、双芯架构和电致变色技术等多项创新，显 著提升了用户体验。其中，镜架仅40g重，并采用高韧性尼龙与航空级钛合金材质，适配亚洲人脸型；双芯协同驱动实现高效续航，支持8.6小时典型使用时 长；电致变色技术支持0.2秒快速切换，满足多场景需求。分析师认为，小米AI眼镜以高性能硬件 ...

Investment Rating - The report assigns an investment rating of "Positive" for the electronic industry, indicating an expectation of overall industry returns exceeding the benchmark index by more than 10% [6]. Core Insights - The launch of Xiaomi's AI smart glasses marks a significant advancement in wearable technology, emphasizing practicality and integration with AI and ecosystem [2][4]. - The glasses feature a lightweight design at 40g, advanced imaging capabilities with a 12MP camera, and a dual-chip architecture for efficient performance and battery life [5][14]. - The integration of AI capabilities allows for real-time interaction, smart home control, and payment functionalities, positioning the glasses as a central hub for smart devices [21][23]. Summary by Sections Product Overview - Xiaomi's AI smart glasses are designed with a weight of 40g, utilizing high-strength nylon and titanium alloy materials, and feature electrochromic lenses that adapt to lighting conditions in 0.2 seconds [2][16]. - The imaging system includes a 12MP camera capable of 4032×3024 resolution and 2K video recording, enhanced by EIS technology for stability [3][20]. AI and Ecosystem Integration - The glasses support local AI processing, real-time translation in 10 languages, and seamless integration with Xiaomi's ecosystem, allowing users to control smart home devices and conduct secure payments [4][21][23]. - The AI capabilities extend to knowledge queries and meeting transcription, enhancing user interaction and productivity [21][28]. Performance and Battery Life - The dual-chip architecture combines a Qualcomm AR1 flagship chip with a low-power audio processor, enabling 21 hours of standby, 7 hours of continuous audio, and 8.6 hours of regular use [5][26]. - The glasses are equipped with a 263mAh battery that supports charging while in use, ensuring flexibility for users [26][30]. Industry Impact - The introduction of these smart glasses is expected to accelerate the transition of AI wearables from mere hardware products to intelligent terminals, redefining user interaction and control in various scenarios [28][29]. - The glasses are positioned to become a central device in the smart ecosystem, enhancing the integration of AI and IoT technologies [29][31].

据每日经济新闻消息，小米AI智能眼镜于6月26日晚正式发布，吸引超3万人在发布会前"盲约"。尽管智 能眼镜市场热度上升，但业内人士表示，目前尚无厂商通过该产品盈利。小米此次选择了带摄像头的 AI智能眼镜，并采用自研的Vela系统。尽管市场对小米的进入感到压力，但也期待其建立行业标准化框 架，推动生态完善。业内认为，智能眼镜市场未来发展潜力大，但小米未必能"一统天下"，仍需面对激 烈的市场竞争。 ...

每经记者｜杨卉 每经编辑｜杨夏 从消息传出到正式发布，"米粉"们"眼巴巴"等了四个多月，小米的AI（人工智能）智能眼镜将在今日（6月26日）晚7点登场。 需要注意的是，尽管智能眼镜产业已经热了半年，也有了出圈产品，业内人士却表示，目前还没有厂商真正靠智能眼镜赚到了钱。 业内对于小米"下场"的心情也比较复杂。一方面，初创企业们既期待小米能给行业搭建一个基础的标准化模式，从而减少在零部件以及软件层面投放的精 力。另一方面，这些企业也忌惮小米"彪悍"的议价能力会带来"标杆式定价"从而压缩产品利润。不过，业内也认为，智能眼镜这个产品"千人千面"，不算 标品，小米虽强，未必能"一统天下"。 整机代工方或为歌尔股份，超3万人发布会前"盲约" 6月26日晚7点，小米将揭开其AI智能眼镜产品的面纱。 产品分野早就不是秘密，三种产品路径里（带音频功能的AI眼镜、带摄像头有一定AI功能的AI眼镜、VR/光波导AI眼镜），小米选择了第二种，带摄像头 能拍照、有AI功能的AI智能眼镜。 对拍照和AI功能，小米此前已有预热。系统方面，据小米Xiaomi Vela架构师周文杰介绍，小米AI智能眼镜采用的是自研Vela系统，目前已开源，可 ...

| 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 美团-W | 14.89 乙 | 19.20 亿 | 34.09 乙 | | HK 03690 | | | -4.31 乙 | | 泡泡玛特 | 15.36亿 | 18.26 乙 | 33.62亿 | | HK 09992 | | | -2.91亿 | | 建设银行 | 17.09亿 | 13.39 亿 | 30.48 乙 | | HK 00939 | | | +3.70 乙 | | 腾讯控股 | 10.76 乙 | 17.99亿 | 28.76亿 | | HK 00700 | | | -7.23 亿 | | 山东墨龙 | 12.12亿 | 12.41亿 | 24.53亿 | | HK 00568 | | | -2888.30万 | | 阿里巴巴-W | 10.81亿 | 10.30亿 | 21.12 乙 | | HK 09988 | | | +5109.12万 | | 小米集团-W | 11.84 亿 | 7.98亿 | 19.82 乙 | | HK 01810 | | ...

AI眼镜创业新锐与科技巨头的"双轨"较量 今天早上，AI眼镜这个赛道，突然就"沸腾"了。你可能还没来得及细品，各种消息就已经铺天盖地。什 么全球出货量暴涨26%，中国市场更是夸张，直接飙升107%，一跃成为全球第一。这数据，简直比我 当年高考查分还刺激(数学42满分150，就问你服不服)，直接把人整懵了。 我身边不少朋友，以前聊起智能眼镜，总觉得那玩意儿离我们太远，不是概念机就是"黑科技"，价格高 得离谱，功能也鸡肋。但现在，情况似乎有点不一样了。京东热卖榜上，几千块的AI眼镜已经卖得风 生水起，甚至还有不到两千块的平价款。特别是雷鸟创新，他们的两款AI眼镜产品竟然占据了京东AI 眼镜销量榜前三名中的两席，这说明什么?说明这玩意儿，真的开始走进寻常百姓家了。 他们深知，在大厂还没完全反应过来之前，速度就是生命。所以，你会看到他们频繁地推出新品，不断 迭代功能，甚至不惜"跨界"合作。老凤祥和豆包大模型的联名，周鸿祎和Rokid的牵手，这些看似"不务 正业"的举动，恰恰是创业者们在寻找新的增长点，试图用差异化竞争来撕开市场缺口。他们就像一 群"游击队"，灵活机动，出其不意，用一个个小小的创新，不断冲击着传统眼镜行 ...

大家早上壕！ 先看海外要闻： 道指收平，纳指收跌0.5%、标普500收跌0.27%；亚马逊收跌2.03%、苹果跌1.92%、Meta Platforms跌1.18%、英伟达跌0.78%、谷歌A跌0.70%、特 斯拉则涨0.10%，微软涨0.36%，时隔一个交易日再创收盘历史新高。 空间技术公司Voyager Technologies Inc.（VOYG）美国IPO首日收涨84%。 黄仁勋：计划在欧洲新建20家"人工智能工厂"，量子计算正迎来拐点；Quantum Computing Inc.（QUBT）涨27.96%，创最近六个月盘中新高。 甲骨文预计新财年云基础设施营收将涨超70%，盘后一度涨8%。 特朗普对伊朗核谈判"信心减弱"，伊朗警告若谈判失败爆发冲突，将打击美在中东军事基地；原油大涨，WTI 7月原油期货收涨近4.88%，报 68.15美元/桶；布伦特8月原油期货收涨超4.33%，报69.77美元/桶。 联邦上诉法院为特朗普关税"续命"，7月底将迎关键听证。 特朗普关税大限将至，欧盟拒绝妥协，拟推迟贸易谈判至7月之后。 Meta Platforms在AI APP上推出AI视频编辑功能。 "特马"互撕大 ...

3、汽车零部件 | 据上证报，近期多家车企官宣，作出不拖欠供应商账款的承诺。6月10日晚间，中国一汽、东风汽车、广汽集团、赛力斯等四家车企分别发 表声明，就"支付账期不超过60天"作出承诺。6月11日凌晨，比亚迪通过社交媒体发布声明:"即日起将供应商支付账期统一至60天内"，成为继广汽、东风、 一汽等车企后，又一家响应国家政策的头部企业。比亚迪表示，此举是为落实国家及相关部委就保障产业链供应链稳定、促进汽车产业高质量发展作出的一 系列部署要求，以及助力中小企业健康发展。 点评：银河证券表示，整治内卷式竞争，引导汽车产业加速由"价格竞争"走向"价值竞争"。2024年以来汽车市场价格战带来产业盈利的明显承压，但在全行 业价格战背景下汽车产业仍展现出新能源渗透率加速上涨与强者恒强的发展态势，头部企业凭借领先的技术与规模优势取得了市场份额的稳定，单纯的"价 格竞争"策略正逐渐失效。展望2025年，重要经济工作会议重点提及"综合整治内卷式竞争，规范地方部门和企业行为"，有望从政策层面引导行业有序竞 争。 明日主题前瞻 1、稀土 | 据上证报，商务部新闻发言人近日就中重稀土出口管制措施答记者问时提到:"中国作为负责任的大 ...