Zhang Yaqin: AI is not a bubble, but AI companies are.
对话张亚勤：AI不是泡沫，但AI公司有泡沫
In June, during an interview at the Tsinghua Wuxi Research Institute's Intelligent Industry Innovation Center, Academician Zhang Yaqin discussed the current state of AI investment and entrepreneurship, suggesting a more cautious approach to the rapidly growing sector. Zhang, who founded the Tsinghua University Intelligent Industry Research Institute (AIR) five years ago, noted that while AIR has successfully incubated ten companies with a combined valuation of 150 billion yuan, its primary focus remains on research rather than commercialization. Zhang, a prominent figure in AI and a fellow of the IEEE, likened the current AI investment climate to the internet boom of 1998-1999, emphasizing the importance of sustainable growth and cautioning against the potential for market bubbles. He highlighted the need for new AI algorithms to enhance efficiency and pointed out that while the AI sector holds significant long-term potential, many early-stage companies may face challenges in proving their viability. Every June, AIR hosts the "Taihu Dialogue" in Wuxi, fostering discussions on AI advancements. Zhang expressed concerns about the risks associated with high valuations and the necessity for a focused approach in startups. He emphasized that while funding is crucial, it should not overshadow the importance of developing robust products and technologies. Looking ahead, Zhang identified "physical AI" as a key area for development by 2026 and outlined the challenges of creating robots capable of performing complex tasks in real-world environments. He underscored the importance of collaboration between academia and industry to cultivate talent and drive innovation in AI, while also addressing the ethical and safety risks associated with advanced AI systems.
Robotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
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Joint University of Pittsburgh and US Department of Veterans Affairs laboratory conducting rehabilitation engineering research. Develops mobility devices, assistive technologies, and medical-grade products for people with disabilities.
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Russian leading research university (ITMO University) specializing in information technology, optical engineering, and photonics. Active research programs in AI, robotics, computer vision, and cyber-physical systems.
Korea Aerospace Research Institute (KARI) (KR)
Korea, Republic of (South)
South Korean government aerospace research institute conducting R&D in satellites, launch vehicles, and aviation technology. URL resolved to a tourism website. KARI develops space exploration systems and unmanned aerial vehicles for national programs.
Monterey Bay Aquarium Research Institute
United States
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Southwest Research Institute
United States
Southwest Research Institute Robotics Division conducts applied R&D in industrial automation, manufacturing robotics, reliable space-qualified components, embedded systems, attitude control, and verification/validation for aerospace and terrestrial applications.
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Scorpion Vision Software (UK)
Norwegian-based 2D and 3D industrial machine vision software platform (marketed under Tordivel AS). Offers sub-pixel and micron-level non-contact measurement, configurable inspection tools, and advanced calibration capabilities without programming.
Acquired Data Solutions, Inc.
United States
Provides systems engineering, embedded software development, automation integration, and cybersecurity services for government and commercial defense clients. Capabilities include OT/IT convergence, edge computing, and mission-critical system integration across a 28-year operational history.
Patten Studio
United States
Patten Studio is an interactive design studio based at MIT Media Lab roots, creating technology-driven art installations and experiential environments for brands and public spaces. Work involves sensing, embedded computing, and responsive physical interfaces, with peripheral relevance to human-machine interaction.
Shenzhen Macrotellect Technology (CN)
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New Zealand AI company (now in receivership as of February 2026) that developed lifelike digital human avatars powered by large language models for customer service and enterprise deployment. Created Digital Workers and Workforce Connect platforms.
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