11月24日，在第五届字节跳动奖学金颁奖典礼上，字节跳动技术副总裁杨震原分享了公司的技术探索历程。 据其透露，2014年，字节跳动创始人张一鸣找到他表示想用大规模机器学习系统来搭建推荐系统，解决各种媒体形式，包括图片、文字、视频的推荐。被这 个想法吸引的杨震原就这样加入了当时还是一家小公司的字节跳动。 杨震原提到，在 2022 年 11 月 30 日 ChatGPT 横空出世之前，字节跳动团队曾在 2021 年有过一次提前关注大语言模型的机会：当时字节跳动的一位同事已 训练出一个大语言模型，但团队当时得出 "该大语言模型暂无实用价值" 的结论。 "所以还是很没眼光。"杨震原说道。 好在公司调整的很快，从2022年开始在这个方向投入至今，也取得了一些成果。"应用上大家可能更熟悉一些，豆包是中国最流行的AI对话助手，火山引擎 的大模型服务也受到客户的认可，根据IDC的报告，火山是中国MaaS市场的第一名。" 字节跳动技术副总裁杨震原 以下为杨震原分享全文： 大家好，很高兴在字节技术奖学金，这样一个场合见到大家。我自己是一个技术爱好者，2014年我加入字节跳动。从最初负责搭建新的推荐系统开始，到现 在已经有快12年 ...

相比往届，2025年字节跳动奖学金不仅增加了获奖名额，也将奖学金从10万元升级 为20万元，含10万元现金，以及10万元专项学术资源补贴，可用于参加学术会议、 科研差旅等相关支出。此外，字节跳动还为每位获奖学生的导师提供10万元奖励， 以此致敬导师在学子成长与科研道路上的辛勤付出。 颁奖典礼上，字节跳动技术副总裁杨震原对获奖师生表示祝贺，并分享了字节跳动 在技术领域的一些探索历程，鼓励同学们保持耐心和热爱，挑战真正有高度的技术 难题，为社会创造更大价值。 以下为杨震原分享全文。 11月24日，第五届字节跳动奖学金颁奖典礼在北京大钟寺办公区举办。 本届奖学金共吸引了中国和新加坡66所高校的500余名同学报名申请，来自清华、 北大、复旦、人大、华中科技大学、香港大学、新加坡国立大学、南洋理工大学等 高校的20位学子获奖，覆盖大模型、机器学习、多模态、AI Infra、机器人、AI for Science、硬件等领域。 大家好，很高兴在字节技术奖学金，这样一个场合见到大家。我自己是一个技术爱好者，2014 年我加入字节跳动。从最初负责搭建新的推荐系统开始，到现在已经有快12年了。这些年来， 也一路参与了字节很多的技 ...

Clear Blue Technologies Provides Corporate Update and Preliminary Q3 2025 Financial ResultsShowcasing progress in Clear Blue 2.0 goals of revenue growth, achieving positive Adjusted EBITDA, and cash generationNovember 18, 2025 7:30 AM EST | Source: Clear Blue Technologies International Inc.Toronto, Ontario--(Newsfile Corp. - November 18, 2025) - Clear Blue Technologies International Inc. (TSXV: CBLU) ("Clear Blue" or the "Company"), the Smart Off-Grid™ Company, is pleased to provide a corporat ...

Core Insights - The integration of AI and optical technology is accelerating the transition of AR glasses from product iteration to consumer market, positioning AI+AR glasses as the core interface for personal computing in the next generation [1] - The current trend of "display + AI + ecosystem" demands lightweight, high-brightness, and low-power solutions, making technological breakthroughs and collaborative evolution crucial to overcoming industry bottlenecks [1] XR Industry Overview - The XR industry is transitioning from the PC and mobile era to the XR era, with significant attention from national leadership [3] - The evolution of the XR industry can be divided into three phases: - 2010-2017: Emergence phase with AR and VR as niche markets, driven by Oculus, HTC, and Sony [3] - 2018-2021: Market differentiation phase with the Quest series leading in VR device sales, achieving a global installed base of approximately 20 million units [3] - 2022-present: New development phase with the introduction of Apple's Vision Pro, indicating new possibilities for information interaction [4] Market Trends and Device Types - The current market features four main types of XR devices: 1. VR/XR devices using LCD and Pancake solutions, with the highest shipment volume 2. Semi-immersive AR devices primarily using silicon-based OLED and BB optical solutions 3. AI+AR devices predominantly utilizing Micro LED technology, with significant orders for products like Rokid Glasses 4. Non-display AI devices, which include camera and audio types [4][5] Display Technology and Challenges - The XR market is currently dominated by Fast-LCD displays, accounting for 69% of the market, while silicon-based OLED is gaining share [7] - Key challenges in the industry include device weight and price, display quality, cost issues, and power consumption [9] - The industry consensus is that waveguide technology can achieve lightweight, all-day wearable AR glasses, but current display technologies and waveguide efficiencies need improvement [6][9] Technological Innovations - The introduction of Field Stack Lighting (FSL) technology by Yunlight Technology enhances display performance through digital driving methods, achieving higher refresh rates and better display quality [10][11] - Yunlight Technology has made significant advancements in micro-display technology, with plans for mass production of silicon-based OLED micro-displays [12] Future Outlook - The XR industry is expected to experience a significant breakthrough akin to the "iPhone moment," contingent on the readiness of the hardware supply chain and the availability of compelling content [23][24] - The next five years are critical for capacity planning and market growth, with expectations for increased device shipments and user engagement [25]

Core Insights - The VR market is experiencing a significant decline, with a 61% year-on-year drop in shipments in China for 2023, marking the largest decline in five years, while AR shipments have surged by 67% in the same period [3][9] - The initial hype around VR, driven by the metaverse trend from 2021 to 2022, has dissipated, leading to decreased investment and interest in VR technologies [5][7] - Major VR companies are shifting focus towards Mixed Reality (MR) devices, as evidenced by Pico's decision to abandon the Pico 5 in favor of developing MR technology [9][10] Market Trends - The AR market is rapidly gaining traction, with a 64% growth in AR glasses shipments in China for 2023, and projections indicate that AR will surpass VR in market share [9][18] - The decline in VR shipments is not only a domestic issue; globally, VR shipments are expected to decrease by 12% in 2024, continuing a three-year downward trend [9][10] - The shift towards MR is seen as a response to the limitations of VR, with MR devices offering both immersive virtual displays and realistic AR experiences, catering to a broader range of applications [9][18] Industry Challenges - Both VR and MR face challenges related to content availability, ecosystem development, and user experience, which have hindered widespread adoption [11][13] - The VR market has not seen significant innovation in recent years, leading to stagnation and a lack of consumer interest [13][15] - The high cost of MR devices, such as Apple's Vision Pro, poses a barrier to entry, necessitating a focus on affordability and ecosystem development to drive adoption [17][18] Future Outlook - The industry is expected to see a transition from traditional VR to MR, with predictions that VR devices will gradually exit the market by 2028 [9][10] - AR technology is evolving rapidly, with decreasing costs and improved functionality, positioning it as a potential companion to smartphones rather than a complete replacement [18] - The success of MR will depend on addressing current limitations and enhancing user experience, as well as creating a compelling narrative around its applications [17][18]

Core Viewpoint - Goer Group (歌尔股份) plans to acquire 100% equity of Hong Kong Mia Precision Technology and Changhong Industrial for approximately 104 billion HKD (around 95 billion RMB) to strengthen its position in the precision components sector, aiming to improve its overall profitability through high-margin business [1][2][4]. Acquisition Details - The acquisition is still in the planning stage, requiring further due diligence and evaluation, indicating some uncertainty in the transaction [4]. - The target companies, Hong Kong Mia and Changhong Industrial, have significant technical expertise in metal/non-metal material processing and precision surface treatment, with a combined revenue of approximately 91.1 billion HKD last year [4]. Business Structure and Financials - Goer Group's main business segments include precision components, smart acoustic systems, and smart hardware, with projected revenues for 2024 being 150.51 billion RMB, 262.96 billion RMB, and 571.99 billion RMB respectively [4]. - The gross margin for the precision components business is expected to reach 21.51% in 2024, while the gross margins for smart acoustic systems and smart hardware are both below 10% [4]. Dependency on Apple Supply Chain - The acquisition is seen as a move driven by the "Apple supply chain" logic, as both target companies are core suppliers for Apple, potentially increasing Goer Group's reliance on Apple [5][6]. - As of Q1 2025, Goer Group's cash reserves will significantly decrease post-acquisition, raising concerns about its ability to cover short-term debts, given its short-term borrowings and liabilities totaling 162.03 billion RMB [6]. Performance Recovery - Goer Group's revenue for 2024 was 1009.54 billion RMB, a year-on-year increase of 2.41%, with a net profit of 26.65 billion RMB, marking a 144.93% increase, although still below the 2021 level of 42.75 billion RMB [8]. - In Q1 2025, the company reported a revenue decline of 15.57% to 163.05 billion RMB, despite a net profit increase of 23.53% [8]. Expansion into VR/AR and AI Glasses - Goer Group is actively expanding into VR/AR and AI glasses markets, having acquired a 3D sensing system and micro-nano optical device supplier to enhance its technology in the VR sector [9]. - The company is pursuing multiple R&D projects related to AR and AI glasses, expressing confidence in the future market for AI smart glasses [9]. Market Challenges - The global VR headset market has seen a significant decline, with a 12% year-on-year drop in 2024, and a 23% decrease in Q1 2025, attributed to weak consumer demand [10]. - The AI glasses market, while gaining attention, is still in its early stages, facing challenges in achieving widespread adoption due to limitations in hardware and software capabilities [10].

Financial Performance - Clear Blue Technologies reported Q1 2025 revenue of CAD 1,051,261, a 30% increase from CAD 808,553 in Q1 2024 [1] - Gross profit for Q1 2025 was CAD 551,601, representing a 63% increase compared to CAD 338,339 in Q1 2024 [5] - The gross margin percentage improved to 52% from 42% in the same quarter of the previous year [5] - Non-IFRS Adjusted EBITDA for the period was CAD (2,634,592), a 62% decrease from CAD (1,629,513) in the previous period [5] Market Trends and Opportunities - Clear Blue identifies three key themes for growth: the mainstream adoption of smart solar lighting, the transition away from diesel in Africa's telecom sector, and the expansion of satellite internet and IoT services [4][5] - The company is positioned to benefit from a projected CAD 25 million revenue opportunity over the next three years through its partnership with Eutelsat for satellite-powered community internet and IoT services [5] Operational Insights - As of March 31, 2025, bookings decreased to CAD 4,365,698, a 14% decline from CAD 5,071,105 as of December 31, 2024 [5] - Recurring revenue for Q1 2025 was CAD 217,662, down 28% from CAD 300,786 in Q1 2024 [5] - Cash as of March 31, 2025, was CAD 128,971, remaining stable through Q1 [5] Strategic Initiatives - The company has completed its financial restructuring, which was a significant effort by the management team, and is now focused on building a strong growth trajectory [6][7] - Clear Blue has expanded its product portfolio with three new products over the last two years, enhancing its market position [6]

面对跑得更慢的自己。 编辑丨高洪浩 2020 年底的全员会上，字节跳动创始人张一鸣说公司 "大招用完了"——创业之初的好主意已经耗尽，或 是被同行赶上，而身形却日益臃肿。可紧迫感大概率难以传递至他面对的听众。当时，他们正看着自己所 在的公司在游戏、教育等多条战线不计亏损地狂奔。 是广告收入撑着这股冲劲。2020 年时，国内广告主一天就要花过亿元在抖音、头条等产品上争夺曝光机 会，为字节带来足够资金，散给其他新项目。一年后，广告收入继续上涨， 使字节超过阿里，成为国内第 一，全球第三大广告公司 。再往后几年，靠着蓬勃发展的电商，字节国内广告业务也一直维持着超过行业 的高增速。 可到了今年，动能消散。据我们了解，前三个季度，字节中国区单季度广告同比增速从 40% 左右跌至 17% 以内，过去两个季度均没有达成既定目标。 最显著的原因是电商业务熄了火。字节广告收入大盘中，一半以上由在平台内开店的商家贡献。商家愿意多 打广告的前提是生意增长，而抖音电商的销售额增速已经从年初的超过 60% 跌至 9 月的不到 20%，这是低价 竞争大环境下，直播电商模式需要向主播分成，所售商品价格难压的结果，短期无法解决。 文丨孙海宁 ...