Group 1: Low Altitude Market Overview - The low altitude market presents significant opportunities within the defense industry and vehicle manufacturing sectors [1][2] - Morgan Stanley estimates the low altitude market could reach a value of $9 trillion by 2050, driven primarily by electric vertical takeoff and landing (eVTOL) aircraft and drones [4] Group 2: Key Companies in the Low Altitude Market - Archer Aviation and Joby Aviation are prominent players in the eVTOL market, while Tesla may benefit from advancements in low altitude aircraft due to its battery technology [5] - Palantir Technologies is highlighted as a key stock in Cathie Wood's Ark Invest portfolio, with strong ties to the defense sector and partnerships with drone companies [9][10] Group 3: Palantir's Position and Potential - Palantir is well-positioned to leverage its software platforms in both commercial and government sectors as low altitude services become more digitized [13] - The company has established strategic relationships that enhance its role in the defense contracting space, particularly in relation to drone technology [9][10]

作者 | meisah 编辑 | 大模型之心Tech 原文链接： https://www.zhihu.com/question/668128319/answer/3636373481 点击下方 卡片 ，关注" 大模型之心Tech "公众号 戳我-> 领取大模型巨卷干货 >> 点击进入→ 大模型没那么大Tech技术交流群 本文只做学术分享，如有侵权，联系删文 ，自动驾驶课程学习与技术交流群事宜，也欢迎添加小助理微信AIDriver004做进一步咨 询 写在前面 Agent的狂欢基本已经结束了， 不建议继续纯做这个，起码得加点多模态和ML,DL了 。 具体可以看看各家公司的Agent都到什么水平了，比如网易逆水寒这种，别人已经纯商业赚钱了， 你如果不如人家的，大概率还是很难。 现在LLM Agent的工作好几类，而我主要是关注游戏方面的，所以有些地方肯定是没写清楚或者有 错误，还希望多多包涵。 博弈类 第一种可以称之为博弈类，或者MALLM类。 这类一般是以前做过MARL的人转战LLM Agent，把之前的MARL里面的方法拿过来各种套。大部 分工作都会在矩阵博弈，overcook这种环境做，主要目标还是涨点啥的 ...

Company Overview - Joby Aviation is a developer of electric vertical takeoff and landing (eVTOL) aircraft, with its first model, the S4, capable of carrying a pilot and four passengers, traveling 100 miles on a single charge, and reaching speeds of 200 mph [4] - The company is also developing a hydrogen-powered version of its aircraft, which charges faster and has a range five times greater than the S4 [4] - Joby is backed by significant investors, including Toyota and Delta Air Lines, and aims to provide a greener alternative to traditional helicopters [5] Financial Performance - Joby Aviation's stock has not performed well since its public debut, trading at approximately $11, up from an opening price of $10.62 [1] - The company generated only $136,000 in revenue from its USAF contract in 2024, with a net loss of $608 million, significantly missing its projected revenue targets [9] - Analysts expect Joby to generate $2 million in revenue in 2025, with a narrowed net loss of $543 million, primarily from its USAF contract [10] Future Prospects - If Joby gains full FAA approval for commercial flights and expands its air taxi services, revenue could increase to $60 million in 2026 and more than triple to $213 million in 2027 [11] - The company holds a $131 million contract with the U.S. Department of Defense to deliver up to nine eVTOL aircraft, with two already delivered [7] - Joby secured over $1 billion in funding in 2024, ending the latest quarter with $813 million in cash and a low debt-to-equity ratio of 0.26, providing room for further fundraising [13] Market Position - Joby Aviation has a market cap of $9.59 billion, trading at 45 times its projected revenue for 2027, while its competitor Archer Aviation trades at 15 times its projected revenue [14] - The company is seen as potentially too expensive relative to its growth potential and industry peers, raising concerns about its valuation [15]

Core Viewpoint - Constellation Brands and Altria are both considered stable blue chip stocks, but Altria has outperformed Constellation significantly over the past three years, raising questions about future investment potential [1][2]. Constellation Brands - Constellation Brands generates most of its revenue from its beer business, with popular brands like Modelo and Corona, and a smaller portion from wine and spirits [4]. - The company faces three major challenges: declining beer consumption among younger consumers, decreasing sales of lower-end wines, and increased costs due to tariffs on imported Mexican beers [5][6]. - Analysts expect Constellation's revenue to decline from $10.2 billion in 2024 to $9.9 billion in 2027, while its earnings per share (EPS) is projected to grow at a compound annual growth rate (CAGR) of 7% [8]. - Despite a low valuation at 14 times forward earnings and a forward yield of 2.5%, the lack of near-term catalysts makes it an unappealing investment [9]. Altria - Altria primarily generates revenue from its Marlboro cigarettes and has a strong domestic focus, which protects it from tariffs and foreign-exchange issues [10][11]. - The company has been countering declining smoking rates by raising cigarette prices, cutting costs, and expanding its smokeless product portfolio through investments and acquisitions [12]. - Following a setback with its investment in Juul, Altria acquired Njoy for $2.8 billion in 2023, which is expected to boost EPS starting in 2026 [13]. - Analysts predict Altria's revenue will dip slightly from $20.4 billion in 2024 to $20.2 billion in 2027, but its EPS is expected to grow at a steady CAGR of 5% from 2025 to 2027 [14][15]. - Altria's stock is considered cheap at 12 times forward earnings, with a substantial forward yield of nearly 7%, making it a more stable investment compared to Constellation [15]. Investment Recommendation - Altria is viewed as the better investment option due to its more stable business model, larger dividend, and lower valuation multiple compared to Constellation Brands [16].

清华大学团队 投稿 量子位 | 公众号 QbitAI 近年来，多模态大模型（MLLMs）发展迅猛，从看图说话到视频理解，似乎无所不能。 但你是否想过：它们真的"看懂"并"想通"了吗？ 模型在面对复杂的、多步骤的视觉推理任务时，能否像人类一样推理和决策？ 为评估多模态大模型在视觉环境中，完成复杂任务推理的能力。清华大学团队受密室逃脱游戏启发，提出 EscapeCraft：一个3D密室逃脱环境 ，让大模型在3D密室中通过自由探索寻找道具，解锁出口。 该论文目前已入选ICCV 2025。 EscapeCraft 环境 沉浸式互动环境，灵感源自密室逃脱 研究团队打造了可自动生成、灵活配置的 3D 场景 EscapeCraft，模型在里面自由行动：找钥匙、开箱 子、解密码、逃出房间……其中每一步都需整合视觉、空间、逻辑等多模态信息。 任务可扩展，应用无限可能 EscapeCraft以逃出房间为最终目的，重点评测逃脱过程中的探索和决策行为、推理路径等。支持不同房 间风格、道具链长度与难度组合，还可扩展到问答、逻辑推理、叙述重建等任务。它是一个 高度灵活、 可持续迭代的通用评测平台 ，也可以为未来的智能体、多模态推理、强化 ...

Group 1 - Legendary Entertainment is considering acquiring Lionsgate Studios, which has recently spun off its operations [1] - Moelis & Company investment bank is involved in early discussions between Lionsgate and Legendary regarding potential co-productions [2] - Lionsgate has a market capitalization of $2 billion, and its share prices increased by 20% following the initial report of acquisition talks [3] Group 2 - Lionsgate's business model involves offloading foreign films, which limits potential buyers from obtaining full ownership of its library [4] - The company has maintained success in the streaming market by acting as a content provider rather than launching its own OTT service [5] - Legendary's CEO indicated plans to utilize Apollo's funds for significant acquisitions in the entertainment sector [6]

Aviation Industry & Environmental Impact - Aviation industry faces the challenge of reducing pollution, specifically moving from zero carbon (no CO2 emissions) to zero emissions (no CO2 and non-carbon emissions) [5][6] - Burning hydrocarbon fuel produces both carbon dioxide and water vapor, with water vapor behaving as a greenhouse gas in the atmosphere [4] - Contrails, or condensation trails, are artificial clouds formed by the freezing of water vapor released from aircraft engines, contributing to global warming by creating a heat-trapping blanket [6][7][10] - Contrails cover is increasing, with projections showing a significant rise in artificial cloud coverage by 2050 compared to 1992 [13] - Aviation's annual fuel burn is 4 billion tons, releasing 5 billion tons of water vapor, with 50% (2.5 billion tons) forming contrails, disrupting the earth's ecosystem [14] - Global warming heat signature from contrails is equivalent to 1 trillion watts, which is one-third of the world's annual electricity consumption [11] Technological Solutions & Innovation - Various technologies are being explored to reduce aviation pollution, including hybrid-electric, all-electric, liquid hydrogen burning, hydrogen fuel cells, ammonia fuel combustion, and sustainable aviation fuels [15][16][17] - Battery technology limitations hinder the development of large-scale electric aircraft, necessitating a combination of technologies [17][18] - A company has developed an add-on turbo machinery for jet engines to process exhaust emissions, converting water vapor into liquid water for later release as artificial rainfall, aiming to eliminate contrails [19][22] - The company's technology is at Technology Readiness Level (TRL) stages, progressing from basic concept and simulation (TRL 1-3) to lab testing (TRL 4-5) and eventually flight testing (TRL 9) for commercialization [26][27] Business & Market Strategy - The company aims to provide an alternate technology to reduce pollution in the sky, enabling regulations on emissions of smoke [34] - The company targets engine manufacturers, aircraft manufacturers, and airlines as potential adopters of its contrail-free engine technology [29][31] - Airlines can potentially create artificial rainfall, obtain carbon credits, and support environmental agencies' regulations by adopting the technology [34]

There's Tesla Inc. TSLA, and then there's the Tesla that flies — and it might just be Archer Aviation Inc. ACHR.As defense chatter ramps up over the Trump administration’s defense push, investors are starting to zero in on next-generation military technology. High on that radar: drone fleets, autonomous logistics and electric vertical takeoff and landing aircraft (eVTOLs). Archer checks all three boxes — and it's already in motion.While most retail eyes are on traditional defense contractors, the smarter tr ...

Key Takeaways Jabil gains from AI-driven inspection tools, diversification, and strong free cash flow performance. HEICO sees rising demand from defense and air travel, supported by higher U.S. military spending. L3Harris benefits from global defense demand, missile sensor tech, and acquisition-related growth.A drone, also called an unmanned aerial vehicle (UAV), is a broad term that refers to an aircraft that operates autonomously or by remote control with no pilot on board. The technology has evolved ov ...

Core Insights - Brunswick Corporation has been recognized on TIME's list of America's Best Midsize Companies for 2025, ranking 16th in the Engineering and Manufacturing category and 94th overall among 500 companies [1][2] - The recognition highlights Brunswick's performance in employee satisfaction, revenue growth, and sustainability transparency [1][2] - The selection process evaluated companies based on over 15 criteria, with revenue ranging from $100 million to $10 billion in 2023 and 2024 [2] Company Performance and Recognition - Brunswick has received multiple awards recently, including Forbes' Inaugural List of America's Most Trusted Companies and Newsweek's 2025 America's Greatest Workplace for Women, reflecting its commitment to an exceptional workplace experience [3] - The company emphasizes its strong financial foundation, talented workforce, and commitment to innovation and sustainability as key factors in its recognition [2][3] Company Overview - Brunswick Corporation is a global leader in marine recreation, offering technology-driven solutions and operating over 60 industry-leading brands, including Mercury Marine and Boston Whaler [4] - The company has approximately 14,500 employees across 26 countries and has been recognized as America's Best Large Employers for 2024 by Forbes for the sixth consecutive year [4]