投资人仍在用真金白银投入到AI基础模型公司中，大模型依然在高速增长。 在此次大会上，启明创投也更新发布了2025年AI的十大展望，预测接下来12至24个月AI行业即将产生的一些趋势，包括多模态、AI Agent、AI应用、具身智 能等方面。 启明创投认为，未来一到两年，200万Token的上下文窗口将成为顶级AI模型的标配。围绕更大上下文窗口展开的更精细、更智能的上下文工程，会成为推 动AI模型及应用发展的核心驱动力之一。"从供给侧技术来看，包括新的注意力机制等模型架构的创新，做较长的上下文窗口变得越来越可能了。"周志峰补 充。 2025年上半年，AI初创企业吸纳了全球53%的风险投资资金，也就是说，在诸多投资细分领域里，AI一个领域就占了全球一半的投资。这是7月28日上午在 WAIC期间的启明创投·创业与投资论坛上，启明创投主管合伙人周志峰公布的数字。 AGI产业又到了一个特别的产业发展的时间点。一方面技术还在往上快速增长，没有看到明显的天花板。同时，由于技术的性能、成本等诸多方面变得更加 可用，能够看到大规模的应用已开始落地。 从投资人角度，周志峰认为，做AI投资依然是累的，因为这是最热门的行业。还有越来 ...

Core Insights - The article highlights the significant contributions of Chinese scholars in the latest issue of the journal Nature, with 12 out of 24 papers authored by them, indicating a strong presence in cutting-edge research [1][25]. Group 1: Research on Health and Medicine - A study from Zhaoquan Wang at the Sloan Kettering Cancer Center reveals that high fructose intake in early life impairs microglial phagocytosis and neurodevelopment, potentially increasing anxiety risk during adolescence [1]. - Research by Yang Wei from the NIH discusses the dynamic assemblies and coordinated reactions involved in non-homologous end joining, providing insights into DNA repair mechanisms [4]. - A paper from Gaoqun Zhang at the Max Planck Institute explores the developmental trajectory and evolutionary origin of thymic mimetic cells, shedding light on immune system development [10]. - A study by Lingjie Sang from the University of Texas Southwestern Medical Center identifies glycosaminoglycan-driven lipoprotein uptake as a key mechanism for cancer cells to resist ferroptosis, suggesting a new target for cancer therapy [11]. Group 2: Innovations in Technology and Materials - Research by Jianmin Liang at Arizona State University presents a fully open AI foundation model for chest radiography, outperforming existing models in detecting rare chest diseases [2][4]. - A study from Jack Chun-Ting Liu at Stanford University discovers genes enabling the biosynthesis of baccatin III, a precursor for the anticancer drug paclitaxel, addressing the challenge of sourcing sufficient quantities from natural plants [3]. - A paper from Jia Liu at Harvard University introduces a flexible neural implant that grows with the brain, promising advancements in treating neurological disorders [5]. - Research from Zheng Guo at the University of Science and Technology of China demonstrates a new method to enhance the lifespan of perovskite light-emitting diodes, achieving brightness over 1.16 million nits and a lifespan exceeding 180,000 hours [7]. Group 3: Environmental and Earth Sciences - A study by Jianghui Du at ETH Zurich challenges traditional views on marine biogeochemistry, indicating that various trace elements in the ocean originate from the seafloor [6]. - Research by Peng Gao at Peking University investigates phonon transport dynamics across interfaces, providing insights for thermal interface engineering [8]. - A paper from Wei-Yu Qian at Leibniz University presents the preparation of a neutral nitrogen allotrope, which could open new opportunities for energy storage concepts [9].

Investment Rating - The report maintains a "Recommendation" rating for the humanoid robotics industry, indicating a positive outlook for the sector's fundamentals and expected performance exceeding the benchmark index [6]. Core Insights - The humanoid robotics sector is experiencing significant investment activity, with multiple companies securing substantial funding rounds, indicating strong market interest and growth potential [5][10][12]. - Partnerships between major tech firms, such as Huawei and UBTECH, are expected to enhance product development and application in industrial and household scenarios, further driving industry growth [2]. - The report highlights the emergence of autonomous logistics as a rapidly deployable application for embodied intelligence, with the potential to unlock a market exceeding 100 billion [12]. Summary by Sections Investment Activities - Skild AI is set to complete a $500 million financing round at a valuation of $4.2 billion, led by SoftBank and other prominent investors, aimed at expanding its robotics capabilities [1]. - Qianjue Robotics announced the completion of a multi-million angel round financing to accelerate technology development and product iteration [3]. - Ziyuan Robotics completed a multi-million A round financing, with funds directed towards the development of its end-to-end embodied intelligence model [5]. Strategic Partnerships - Huawei and UBTECH signed a comprehensive cooperation agreement to innovate in humanoid robotics, leveraging Huawei's technological capabilities and UBTECH's expertise [2]. - Yujian Technology and Tencent Cloud have deepened their strategic cooperation to accelerate innovation in embodied intelligence technology across various applications [4]. Market Performance - The humanoid robotics industry has shown strong performance metrics, with a notable increase in stock prices for key players, indicating robust investor confidence [17]. - The report outlines a significant increase in the number of financing events in the humanoid robotics sector, reflecting a growing interest from venture capital and institutional investors [18][20].

美国特朗普政府宣布撤回前政府时期制定的人工智能（AI）半导体的出口管制方案。不仅限制对中国 和俄罗斯的出口，还限制对中东和东南亚的出口，但以影响外交关系为由，决定撤销。这是配合美国总 统特朗普访问中东于5月12日公布的。 美国商务部今后将公布替代方案。 这次被撤销的是拜登前政府1月份公布的规则草案。该草案将贸易伙伴国分为三类进行管制。 替代方案尚未确定，但相关人士透露，正在研究废除第1级和第2级区分的方案等。第1级不受限制，第2 级受一定限制，中国和俄罗斯等属于第3级国家，受到更严格管制。中东国家和东南亚等约120个国家被 归为第2级…… 对于前政府的方案，美国企业也表示反对。据悉，正计划在马来西亚建设数据中心的美国甲骨文和出口 受到限制的美国英伟达对管制方案表现出难色。美国微软也表示"这将损害美国成功的可能性"(总裁布 拉德・史密斯)，敦促特朗普政府重新考虑。 日本经济新闻（中文版：日经中文网）八十岛绫平 华盛顿 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 属于同盟国的日本等18个国家和地区被归为等1级（ ...

韩国《朝鲜日报》称，人形机器人配备能够自主决策和行动的AI系统，有望成为下一代制造业的基 石。尽管韩国在机器人硬件方面拥有强大的实力，但在机器人AI自主开发和硬件集成方面的投资和人 力投入方面，韩国因落后于美国和中国而受到批评。安德根说："这直接关系到韩国制造业未来的竞争 力，必须加快步伐，参与全球竞争。"(韩雯) 《韩国日报》解释称，该联盟设定的最重要目标是开发一套为韩国本土生产的机器人量身打造的"AI基 础模型"。为此，联盟将以首尔大学AI研究所为中心，联合韩国科学技术院、高丽大学、延世大学等韩 国顶尖AI研究团队共同研发。同时，彩虹机器人公司、Holiday Robotics、斗山机器人等制造企业将开 发与之匹配的机器人。研发完成的人形机器人将被部署至三星显示、希杰(CJ)大韩通运等产业一线，在 实际运行中收集生产数据，反馈给AI研究团队用于再次优化。 韩国纽西斯通讯社称，在生成式AI之后即将到来的"物理AI"时代，为跃升为人形机器人强国，韩国正集 中全国力量。韩国政府计划优先支持"K-人形机器人联盟"内两家及以上企业联合开展的技术开发合作项 目。今年的预算规模为2000亿韩元(1000韩元约合5.14 ...