【机构解读】 截至2025年10月23日 10:45，上证科创板人工智能指数下跌1.47%。成分股方面涨跌互现，凌云光领涨1.54%，金山办公上涨1.15%，石头科技上涨0.40%；芯 原股份领跌3.69%，复旦微电下跌3.49%，威胜信息下跌3.45%。科创AIETF(588790)下跌1.62%，最新报价0.79元。拉长时间看，截至2025年10月22日，科创 AIETF近3月累计上涨36.50%。 流动性方面，科创AIETF盘中换手1.78%，成交1.12亿元。拉长时间看，截至10月22日，科创AIETF近1月日均成交5.58亿元，排名可比基金第一。 【事件/资讯】 1、讯飞AI会议耳机Air2斩获日本G-Mark奖，中国AI硬件设计再赢国际认可。近日，由软硬件一体化科技公司「未来智能」推出的讯飞 AI 会议耳机 Air2 荣 获日本 G-Mark 优良设计奖。作为全球四大工业设计奖项之一，G-Mark 奖不仅关注产品的外观设计，更重视设计与商业、经济、社区及时代变化的联系， 其 G-Mark 标志更是在整个亚洲范围内都被公认为是高品质与易用性的象征。 2、阿里Qwen3-VL再推2B/32B版，手机端 ...

比如，云深处科技把标志性的机器狗带到了展位上，并向参展观众展示了其在跨越高台等高难度动作上的能力；星动纪元则将其多样的具身智能产品"打 包"到了现场，其拟人服务机器人星动Q5充分了展现了其在狭小空间内灵活的身姿以及应对餐厅、零售门店等多场景的适配性… … 在这场展会上，AI不再是PPT上的一个名词，而是照进现实中的具化产品，当人们在不同展位前徘徊、拍照打卡留念时，AI的热潮也像2025年的这个夏天一 样，扑面而来。 作者：Colin 2025年WAIC（世界人工智能大会）展馆内，超800家企业齐聚一堂，让这场AI的年度盛宴，成为了一场AI龙头企业的练兵场。 相较通过表演吸睛的具身机器人，未来智能展出的【讯飞AI会议耳机】Pro3与Air2则以具象实用的AI功能吸引了众多专业人士驻足体验。 从一对小小的耳机，到成为WAIC的重要关注点，皆来自于其出众的外观设计和强悍的内在性能。无论是小巧精致的外观，还是录音转写、个性化摘要和嘴 替翻译等AI能力的体现，都令人印象深刻。 不难看出，2025年的AI硬件不再给用户"画饼"，而是开始展现真正实质的变化和提升。 尽管消费级AI硬件市场刚刚起步，但早已被巨头环伺。对于初创 ...

Core Viewpoint - Future Intelligent aims to break through the market with a "hardware + scenario" approach, focusing on AI technology innovation in office environments and contributing to Shanghai's goal of becoming a global AI hub [2][4]. Group 1: Company Strategy and Product Development - Future Intelligent's CEO, Ma Xiao, emphasizes that AI's value lies in solving specific problems in real scenarios rather than showcasing flashy technology [6]. - The company has focused on the "office + hardware" vertical, choosing headphones as the medium due to their proximity to voice interaction scenarios and the pressing need for efficient meeting documentation [6][8]. - The product iteration path has been clear, with the AI headphones evolving from basic recording to advanced features like multi-role differentiation and intelligent summarization, addressing user pain points effectively [6][8]. Group 2: Hardware and AI Integration - Ma Xiao asserts that AI hardware must first be excellent basic hardware, with the "5+X" principle highlighting the importance of sound quality, battery life, noise cancellation, comfort, and design, alongside AI functionalities [8]. - The success of the AI headphones is attributed to their high-end hardware quality and practical AI features, making them essential tools for professionals like lawyers and journalists [8][9]. Group 3: Data as a Competitive Advantage - Future Intelligent's CTO, Wang Song, points out that the true competitive edge lies in the accumulation of unique data from vertical scenarios rather than open-source algorithms [10][12]. - The company has optimized various technical aspects to enhance data transmission in meeting scenarios, leading to a deeper understanding of user interaction habits and voice data transmission patterns [10][12]. - The "one brain, multiple terminals" strategy aims to create a comprehensive intelligent ecosystem for office scenarios, allowing for seamless integration of data and task management [10][13]. Group 4: Market Positioning and Future Outlook - Future Intelligent's approach of leveraging hardware as a unique entry point to accumulate proprietary data is seen as crucial for competing against larger players in the AI hardware space [8][9]. - The company believes that the ability to close the data-task loop in vertical scenarios will transform the benefits of large models into long-term returns [13].