作者：中国科技新闻学会科幻传播与未来产业专委会会员专家高恒 2026年伊始，一笔金额高达50亿元人民币的B+轮融资低调完成。完成方为成立不足三年的AI基础模型公司阶跃星辰，该笔交易也刷新了过去一年中国大 模型赛道的单轮融资纪录。 融资发生的节点颇具意味。2025年全年，中国大模型企业融资金额与轮次双双回落，估值收缩、推理成本控制与商业化验证成为行业普遍面临的挑战。资 金集中效应加剧，资本出手更为谨慎，市场由追逐扩张转向审视结构效率，马太效应愈发显著。 在此背景下，这场逆周期融资显得格外突出。一方面，它打破了"融资寒冬"中资本退潮的预期；另一方面，也隐含出另一个信号：行业对"系统能力""交 付能力"以及"场景嵌入能力"的重新评估，正在成为新一阶段下注逻辑的核心。 这不仅是一个融资事件，也可能是一种穿越周期的判断信号。 01：热退潮之后，资本看重的标准开始变了 围绕阶跃星辰的这轮融资，其所处的时间窗口值得关注：整个中国大模型产业正在经历一次结构性的周期转换。 其中，2025年单轮融资金额超过10亿元人民币的企业仅有三家：MiniMax、智谱和月之暗面。曾经的"普惠式资本红利"不再，门槛迅速抬高，投资人开始 更严格 ...

Core Insights - Shenzhen Orion Star Technology Co., Ltd. has developed a series of robots, including the "Leopard Secret" series, which have been widely deployed in various venues during the May Day holiday, achieving 365,100 reception instances and 730,500 intelligent responses [1] Group 1: Technological Advancements in Cultural Tourism - The introduction of Orion Star's robots has significantly improved operational efficiency and service experience in venues like the Beijing Art Center, where robots handle over 8,000 voice interactions monthly and assist with over 1,000 inquiries daily [2] - At the Jinggangshan Revolutionary Museum, robots provide immersive storytelling experiences, achieving nearly 1,500 human-robot interactions in a single day and delivering around 400 minutes of explanations [2][3] - In various museums, robots not only assist with visitor inquiries but also conduct surveys to better understand visitor needs, contributing to a 60% increase in sales of cultural products at the Nanjing Ming Xiaoling Museum [3] Group 2: Human-Robot Collaboration in Service - Orion Star's robots have transitioned from mere tools to service entities, showcasing their multilingual capabilities at events like the 2025 Beijing Inbound Tourism Development Conference, enhancing communication for international attendees [4] - The newly launched "Leopard Slim" robot demonstrated its ability to navigate tight spaces in hotel environments, carrying dual-layer trays and maintaining a high level of service efficiency [4] Group 3: Integration of Technology in Daily Life - The Shanghai Library East Pavilion features an AI librarian capable of inspecting up to 100,000 books per hour with a recognition rate exceeding 98%, enhancing the management of the largest single-structure library in China [5] - Orion Star's AI capabilities extend to interactive experiences, such as an AI coffee master that replicates the skills of top baristas through extensive training and data analysis [6]