便携、性感、第一视角交互、接近无感交互，含着这些"未来潜力"金钥匙出生和成长的AI眼镜，也迎来了无数入局者。从科技大厂到创业公司，都在试图通 过这个"最自然的物理接口"，定义人类的下一代交互方式。 但与此同时，资本与市场也开始追问： 除了讲好入口级终端的故事之外，AI 眼镜的真实价值与应用场景究竟在哪里？ 正是在这个机遇与挑战并存的舞台上，一位罕见的"高龄"创业者再次回到了聚光灯下。 他是范钦强（Dr. John CC Fan），SolosAI眼镜公司的执行主席，同时也是拥有百余项专利、当选美国国家工程院院士的科学家和连续创业者。与他同期开始 创业的技术商业领袖许多都已经隐退，而范钦强在2019年，于香港科学园开始了他的又一次创业。 技术背景毋庸置疑。华人出身的范钦强，早年在美国MIT林肯实验室中暂露头角，以半导体和微显领域的前沿技术成果一举击碎当时业界对华人科学家的偏 见，其创立的高平公司在成立七年之后上市，市值一度和高通旗鼓相当。 范钦强本人在电子材料和显示设备方面的研究课题和诸多专利，也为现代手机和显示设备的发展产生了巨大影响，比如HBT（异质结双极型晶体管）、奠定 了Micro OLED和Micro ...

Core Insights - Google is re-entering the smart glasses market, with co-founder Sergey Brin emphasizing that this attempt will be different from previous efforts [1][3] - A partnership with Warby Parker has been announced, leading to a stock increase of over 15% for Warby Parker, as they plan to launch smart glasses next year [2] - The new smart glasses will utilize Google's Android XR operating system and will feature the Gemini AI assistant for user interaction [2] Company Strategy - Sergey Brin acknowledged past mistakes with the original Google Glass, which was launched in 2013 for $1,500, and expressed confidence in the glasses form factor [4] - The new design aims to look more like regular glasses, addressing previous concerns about the visible camera on the original prototype [4] Industry Context - The revival of Google Glass is positioned within the context of advancements in generative artificial intelligence, which Brin believes can enhance the product's appeal [3]

Summary of Conference Call Notes Industry Overview - The conference call primarily discusses the **smart eyewear industry** and its evolution, highlighting the competitive landscape and key players involved in the market [1][2][12]. Key Companies Discussed 1. **Bosch Eyewear** - Traditional eyewear retail chain listed on the Shenzhen Stock Exchange since March 2017. - Focused on regions like South China and Jiangxi, with a relatively lower presence in North and East China [3]. - Operates mainly through direct stores, with improving performance in shopping centers and medical stores [4]. - Maintains a gross margin of 60%-70% and a net profit margin around 10% [4]. 2. **Mingyue (明月)** - Holds a market share of 8.9% in the domestic market, ranking third. - Revenue growth over the past five years at a CAGR of 7.9%, with a profit growth rate of 22.5% [6]. - Gross margin increased from 50% to 60%, and net profit margin improved from 15% to 25% [7]. 3. **Kangnate Optical (康奈特光学)** - Focuses on overseas markets, with over 70% of revenue from international sales. - Limited exposure to U.S. lawsuits, with only about 10% of revenue from the U.S. market [8]. - High-end product ratio is increasing, with gross margin projected to rise to 22% by 2024 [9]. - Revenue and profit are nearly equal to the combined totals of Mingyue and Bosch, indicating strong fundamentals [9]. Market Dynamics - The smart eyewear market is experiencing rapid growth, driven by technological advancements and increasing consumer acceptance [21]. - The industry is characterized by a fragmented competitive landscape, with a CR10 of less than 10% in China compared to 35% in the U.S. [15]. - The global myopia rate is rising, which is expected to drive demand for eyewear products, including functional lenses [14]. Technological Innovations - The evolution of smart eyewear is marked by significant technological advancements, including the integration of augmented reality (AR) and artificial intelligence (AI) [25]. - The industry is expected to replicate the growth trajectory of wireless earbuds, with potential for triple annual growth rates in shipments and penetration rates from 2025 to 2028 [21]. Risks and Challenges - Potential risks include slower-than-expected development of smart eyewear, technological iterations not meeting expectations, and intensified competition within the industry [26]. Conclusion - The overall investment outlook for the eyewear industry, particularly smart eyewear, remains positive, with key players like Kangnate Optical and Bosch Eyewear positioned to benefit from the anticipated market growth [11][12].