（文/观察者网 张志峰） 戴着搭载了OpenAI最新发布的GPT-5.2模型的AI眼镜，参加香港科技大学本科期末考试，能考出什么水 平？ 答案是：AI系统得分92.5（满分100分），虽不及学生最高得分97.5分，但也远高于72分的班级平均 分，且3小时的考试仅用了30分钟。 | 测试对象 | 分数(满分100) | 答题时间 | | --- | --- | --- | | Rokid Glasses + GPT-5. | 92.5 | 30分钟 | | 2 | | | | 学生最高分 | 97.5 | 3小时 | | 学生平均分 | 72 | 3小时 | 近日，香港科技大学张军教授和孟子立教授团队主导了一场实验，测试搭载GPT-5.2模型的Rokid智能眼 镜在香港科技大学大三专业课《计算机网络原理》本科期末考试中的表现。 除了测试结果本身之外，这一实验引发了更多行业人士关于人工智能能力边界与教育评估方式的讨论。 技术表现：优势与局限并存 在实验条件下，GPT-5.2模型展示了对专业知识的理解与应用能力。值得注意的是，这一表现并未达到 满分，主要失分点集中在需要跨页面整合信息的解答题上。 | 题型 | 得分 ...

（文/观察者网 张志峰） 戴着搭载了OpenAI最新发布的GPT-5.2模型的AI眼镜，参加香港科技大学本科期末考试，能考出什么水平？ 答案是：AI系统得分92.5（满分100分），虽不及学生最高得分97.5分，但也远高于72分的班级平均分，且3小时的考试仅用了30分钟。 | 测试对象 | 分数(满分100) | 答题时间 | | --- | --- | --- | | Rokid Glasses + GPT-5. വ | 92.5 | 30分钟 | | 学生最高分 | 97.5 | 3小时 | | 学生平均分 | 72 | 3小时 | 近日，香港科技大学张军教授和孟子立教授团队主导了一场实验，测试搭载GPT-5.2模型的Rokid智能眼镜在香港科技大学大三专业课《计算机网络原理》 本科期末考试中的表现。 除了测试结果本身之外，这一实验引发了更多行业人士关于人工智能能力边界与教育评估方式的讨论。 技术表现：优势与局限并存 在实验条件下，GPT-5.2模型展示了对专业知识的理解与应用能力。值得注意的是，这一表现并未达到满分，主要失分点集中在需要跨页面整合信息的解 答题上。 | 题型 | 得分 | 满分 | | ...

Hangzhou, China--(Newsfile Corp. - December 25, 2025) - On the evening of December 12, the 10th Design Intelligence Award (DIA) ceremony was held at the Liangzhu Campus of the China Academy of Art.The ceremony was attended by over 600 guests, including Lu Shan, Vice Governor of Zhejiang Province; Xu Jiang, Vice Chairman of the China Federation of Literary and Art Circles and Chairman of the Academic Committee of the China Academy of Art; Shi Qinghong, Deputy Secretary-General of the Zhejiang Provincial Gov ...

胡子雄在发言中表示，JoyGlance致力于让智能眼镜从"能用"变得"好用" 。未来，京东科技将继续探索 无界限的智能购物未来，计划将这一智能体能力延伸至智能汽车、手表及家用机器人等更多终端场景 。 2025年11月30日，北京 —— 今日，第十一届中国虚拟现实产学研大会暨XR智能终端产业生态大会在北 京经开区(亦庄)通明湖会展中心举行 。京东科技金融科技事业群支付产品总监胡子雄出席大会，并向与 会嘉宾展示了行业首款购物智能体——JoyGlance 。 在"新品发布"环节中，胡子雄分享了智能眼镜作为"手机后下一代智能显示设备"的巨大潜力 。他指 出，京东数据显示，线上平台每卖出10台XR设备，就有7台来自京东，大促期间头部品牌销量增长迅 猛，购物正逐渐成为XR眼镜的标配能力 。 此次亮相亦庄的JoyGlance，深度集成了京东全品类数字化供应链优势与多模态大模型技术 。通过与 Rokid智能眼镜的结合，该应用展示了精准识别购物意图的能力，实现了从"看见"到"下单"仅需5秒的流 畅体验 。 现场展示中，JoyGlance重点呈现了在健身、做家务等双手被占用场景下的独特价值 。用户无需依赖传 统手机操作，通过自然 ...

Core Viewpoints - The company's main business has reached a bottom, and the investment business is expected to yield returns, with the current stock price having a high margin of safety [1] - The company emphasizes shareholder returns, having announced a HKD 600 million shareholder return plan, with a current dividend yield (TTM) close to 9%, making it attractive [1] Group 1: Game Business - The core IP "Magic Domain" has shown stable improvement in revenue, and the company expects this trend to continue into 2026 [2][3] - A new version of "Magic Domain" has completed development and is awaiting approval for launch, which is anticipated to bring additional revenue [3] - Overall, the company expects good profit growth in its game business by 2026, driven by cost reduction and efficiency measures [3] Group 2: Mynd.AI Business - The company is focusing on reducing losses in the Mynd.AI business, with a good growth rate in SaaS business expected [4] - The integration of AI voice assistant technology aims to enhance classroom interaction, promoting automation in teaching [4] - The company anticipates achieving EBITDA breakeven in Q4 2025 and profitability in 2026 for the Mynd.AI business [4] Group 3: Investment Business - The company has strategically invested in Hangzhou ShuaiKu Network, becoming its largest shareholder with a 46% stake, which has shown strong revenue growth [5] - A strategic investment of USD 20 million in Rokid has been made, with significant sales growth reported in the AR glasses segment [5] - The company has entered into an exclusive partnership with Zhongke Wenge to promote AI services outside mainland China, enhancing its international presence [6] Group 4: Profit Forecast and Valuation - The company has revised its EPS forecasts for 2025-2027 to HKD 0.78, 1.45, and 1.77 respectively, reflecting the stabilization of the game business and growth in the investment sector [7] - The estimated net profit for the game and application service business in 2026 is projected to be HKD 870 million, with a valuation of HKD 8 billion based on an 8x PE ratio [7][8] - The Mynd.AI business is expected to generate revenue of HKD 1.95 billion in 2026, with a valuation of HKD 1.08 billion based on a 0.7x PS ratio [8]

Core Viewpoints - The company's main business has passed its bottom, and the investment business is expected to yield returns, with the current stock price having a high margin of safety [1] - The company emphasizes shareholder returns, having announced a HKD 600 million shareholder return plan, with a current dividend yield (TTM) close to 9%, making it attractive [1] Group 1: Game Business - The company's game business is showing signs of stabilization and improvement, particularly with its core IP "Magic Domain" [2][3] - After strategic adjustments in Q4 2024, the revenue from "Magic Domain" is expected to continue its upward trend into 2026, with a new version of the game ready for launch pending approval [3] - The overall expectation is for the game business profits to see good growth by 2026, supported by cost reduction and efficiency measures [3] Group 2: Mynd.AI Business - The Mynd.AI business is focused on reducing losses and advancing AI+education initiatives, with a new product launch expected to drive revenue growth [4] - The integration of AI voice assistant technology aims to enhance classroom interaction, potentially leading to better educational outcomes [4] - The company anticipates reaching EBITDA breakeven for Mynd.AI by Q4 2025 and achieving profitability by 2026 [4] Group 3: Investment Business - The company has strategically invested in emerging sectors, including a 46% stake in Hangzhou Shuai Ku Network, which has shown strong revenue growth [5] - A strategic investment of USD 20 million in Rokid, a leading AR technology company, is expected to enhance revenue streams, with Rokid's sales showing significant growth [5] - The partnership with Zhongke Wenge aims to promote AI services internationally, further expanding the company's market reach [6] Group 4: Profit Forecast and Valuation - The company has revised its EPS forecasts for 2025-2027 to HKD 0.78, 1.45, and 1.77 respectively, reflecting the stabilization of the game business and growth in the investment sector [7] - The estimated net profit for the game and application services business in 2026 is projected at HKD 870 million, with a valuation of HKD 8 billion based on an 8x PE ratio [7][8] - The Mynd.AI business is expected to generate revenue of HKD 1.95 billion in 2026, with a valuation of HKD 1.08 billion based on a 0.7x PS ratio [8]

Core Insights - The competition in the smart glasses market is intensifying, especially with the upcoming "Double 11" shopping festival and new product launches [1][3] - Rokid has achieved significant sales milestones during "Double 11," becoming the top-selling brand in the smart glasses category, with a 1000% increase in sales on JD.com and an overall growth of 800%, surpassing 50 million yuan in sales [3][4] - The user demographic for smart glasses is shifting from tech enthusiasts to a broader audience, with significant representation from sectors like government, agriculture, education, and construction [4][6] Sales Performance - Rokid's sales forecast for the year was initially set at 100,000 to 150,000 units, but within five days of launching a new product, sales exceeded 40,000 units, indicating a strong market demand [4][5] - The company faced supply challenges during "Double 11," leading to a three-shift production schedule to meet demand, highlighting the rapid growth in the smart glasses sector [4][5] Strategic Partnerships - Rokid's collaboration with BOLON aims to balance technology and user comfort, focusing on lightweight and aesthetically pleasing designs that integrate seamlessly into daily life [5][6] - The partnership with traditional eyewear channels is expected to broaden the reach of smart glasses, making them accessible to a wider audience beyond tech-savvy consumers [6] Market Dynamics - Major tech companies like Baidu and Alibaba are entering the smart glasses market, intensifying competition, but Rokid believes there is still a window for smaller companies to establish a foothold [7] - Rokid's focus on smart glasses since its inception gives it an advantage over larger companies that have not yet fully committed to this market [7] Future Outlook - The global smart glasses market is projected to see significant growth, with an expected shipment of 4.065 million units in the first half of 2025, and a compound annual growth rate of 55.6% in the Chinese market from 2024 to 2029 [8] - Rokid aims to achieve a shipment target of over 1 million units next year, reflecting confidence in the market's potential and the company's growth trajectory [8]

Core Insights - The smart glasses industry is experiencing intense competition, particularly highlighted by Rokid's recent success during the "Double 11" shopping festival, where it achieved the highest sales in the category, with a 1000% increase in sales on JD.com and an overall growth of 800%, surpassing 50 million yuan in sales [1][2][5] Group 1: Market Performance - Rokid's smart glasses have gained significant market recognition, indicating a shift from technology exploration to widespread adoption, with the CEO expressing excitement about the beginning of the "AI era terminal transformation" [2][5] - The user base for Rokid's products is diversifying, with a decrease in tech professionals from nearly 50% to only 16%, while sectors like government, agriculture, education, and construction are increasing, indicating a broader market penetration [6][8] - Rokid's initial sales forecast for the year was 100,000 to 150,000 units, but within five days of launching a new product, sales exceeded 40,000 units, demonstrating a strong and growing demand [6][12] Group 2: Strategic Partnerships - Rokid's collaboration with BOLON aims to make smart glasses more appealing as everyday items, emphasizing comfort and aesthetics alongside technology [7][8] - The partnership with traditional eyewear brands is seen as a way to reach a wider audience, with over a thousand retail stores now offering smart glasses, thus integrating them into everyday consumer experiences [8] Group 3: Competitive Landscape - Major players like Baidu and Alibaba are entering the smart glasses market, intensifying competition, but Rokid believes that these companies are not fully committed yet, leaving room for smaller companies to establish a competitive edge [9][10] - Rokid's focus on smart glasses since its inception positions it as a leader in the industry, with a commitment to invest heavily in this sector, unlike larger companies that may not prioritize it as a core business [10][12] Group 4: Future Outlook - The global smart glasses market is projected to see significant growth, with an expected shipment of 4.065 million units in the first half of 2025, a 64.2% increase year-on-year, and a forecasted compound annual growth rate of 55.6% in the Chinese market from 2024 to 2029 [10][11] - Rokid aims to achieve a shipment target of over one million units next year, reflecting confidence in the market's potential and the company's ability to meet demand [12]

Core Viewpoint - The article highlights the recent bullish trend in the stock market, particularly focusing on the performance of technology stocks and cyclical sectors, with the Shanghai Composite Index nearing the 4000-point mark [3][4][8]. Technology Sector - Technology stocks showed strong performance, with semiconductor and computing power sectors leading the charge. Notable stocks include Xinyisheng, which rose by 8.27% to reach a historical high, and Zhongji Xuchuang, which increased by 3.34% [4][20]. - The consumer electronics sector also performed well, with companies like Wentai Technology and Dongshan Precision seeing significant gains [20][22]. Cyclical Sectors - The cyclical sectors experienced a rally, with steel, non-ferrous metals, coal, and electricity stocks all showing strong upward movement. The classic combination of "coal, steel, and electricity" was evident in the market [7][10]. - Steel stocks, such as Changbao Co. and Xinxing Ductile Iron Pipes, saw substantial increases, with some stocks reaching their daily limit up [11][14]. Market Performance - As of the morning close, the Shanghai Composite Index rose by 1.04%, the Shenzhen Component Index increased by 1.26%, and the ChiNext Index climbed by 1.54% [8]. - The total market capitalization of leading stocks in the computing power sector approached 1 trillion yuan, indicating strong investor interest [4]. Policy Impact - Recent policy changes regarding steel production capacity are expected to improve long-term supply-demand dynamics in the steel industry. The new regulations aim to restrict new steel production capacity in key regions, which may lead to better market conditions for leading steel companies [13][14]. Coal Sector - In the coal sector, companies like Zhengzhou Coal Electricity and Shanghai Energy saw significant price increases, reflecting strong demand as power plants prepare for winter coal storage [15][18]. Conclusion - The article emphasizes a bullish sentiment in the market, driven by strong performances in technology and cyclical sectors, alongside supportive policy changes that may enhance the investment landscape in the steel and coal industries [4][14][18].

Core Viewpoint - The technology stocks and cyclical sectors are showing strong performance, with the Shanghai Composite Index reaching a new high of 3991.35 points this year [1]. Technology Sector - Technology stocks led the market in the morning, particularly in the semiconductor and computing power sectors, with notable performances from companies like Xinyi Technology and Zhongji Xuchuang, both reaching historical highs [1]. - Xinyi Technology's stock rose by 8.27%, with a trading volume of 18.114 billion yuan and a market capitalization of 401.37 billion yuan [1]. - Zhongji Xuchuang's stock increased by 3.34%, with a trading volume of 16.467 billion yuan and a market capitalization of 56.723 billion yuan [1]. - The combined market capitalization of these two leading companies in the computing power sector is approximately 968.6 billion yuan [1]. Cyclical Sector - The cyclical sectors, including steel, non-ferrous metals, coal, and electricity, experienced significant gains, reflecting a classic "coal, color, steel, and electricity" market trend [1][3]. - The steel sector saw substantial increases, with companies like Changbao Co. and Xinxing Ductile Iron Pipes achieving notable stock price surges [3]. - The steel sector index rose by 3.09%, with specific stocks like Anyang Iron & Steel and Changbao Co. increasing by 9.96% and 9.95%, respectively [4]. - The Ministry of Industry and Information Technology has proposed a draft for the implementation of capacity replacement in the steel industry, which aims to strengthen capacity constraints and improve long-term supply-demand expectations [6]. - The coal sector also showed positive movement, with stocks like Zhengzhou Coal Electricity and Shanghai Energy experiencing significant gains [8]. Market Performance - As of the morning close, the Shanghai Composite Index rose by 1.04%, the Shenzhen Component Index increased by 1.26%, and the ChiNext Index climbed by 1.54% [1].