开源证券：脑机接口或步入规模量产阶段游戏作为重要应用场景有望持续受益

智通财经01-07

智通财经APP获悉，开源证券发布研报称，脑机接口是将人脑与外部设备连接实现信息交互的硬件，其可用于让运动失能患者等过去难以体验游戏乐趣的群体实现“脑控”游戏，亦可配合游戏用于神经相关疾病的康复训练，三七互娱(002555.SZ)、汤姆猫(300459.SZ)等国内游戏厂商均有积极布局脑机接口领域研究或产学研工作。硬件的规模量产降本及植入过程的简便化，有望加速游戏、医疗等各类应用场景的成熟；随技术...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260107163020a6fdd924&s=b><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，开源证券发布研报称，脑机接口是将人脑与外部设备连接实现信息交互的硬件，其可用于让运动失能患者等过去难以体验游戏乐趣的群体实现“脑控”游戏，亦可配合游戏用于神经相关疾病的康复训练，三七互娱(002555.SZ)、汤姆猫(300459.SZ)等国内游戏厂商均有积极布局脑机接口领域研究或产学研工作。硬件的规模量产降本及植入过程的简便化，有望加速游戏、医疗等各类应用场景的成熟；随技术...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260107163020a6fdd924&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0509642566.USD","symbol_name":"SCHRODER ISF GLOBAL EMERGING MARKET OPPORTUNITIES \"A\" (USD) INC 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As an important application scenario, games are expected to continue to benefit","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"300459":1.88,"TCHmain":0.6,"03888":0.9,"09626":0.9,"02100":0.9,"002555":1.91,"HTCD.SI":0.6},"content_text":"智通财经APP获悉，开源证券发布研报称，脑机接口是将人脑与外部设备连接实现信息交互的硬件，其可用于让运动失能患者等过去难以体验游戏乐趣的群体实现“脑控”游戏，亦可配合游戏用于神经相关疾病的康复训练，三七互娱(002555.SZ)、汤姆猫(300459.SZ)等国内游戏厂商均有积极布局脑机接口领域研究或产学研工作。硬件的规模量产降本及植入过程的简便化，有望加速游戏、医疗等各类应用场景的成熟；随技术进一步发展，脑机接口有望带来新的游戏控制交互体验，为游戏行业培育新增长点。开源证券主要观点如下：脑机接口或步入规模量产阶段，游戏作为重要应用场景有望持续受益脑机接口是将人脑与外部设备连接实现信息交互的硬件，其可用于让运动失能患者等过去难以体验游戏乐趣的群体实现“脑控”游戏，亦可配合游戏用于神经相关疾病的康复训练。12月13日，上海脑虎科技发布我国首款全植入、全无线脑机接口全功能产品，标志我国在脑机接口核心技术领域实现关键突破，跻身国际顶尖行列，首位截瘫受试者术后恢复良好，已能通过意念操控电子设备完成刷视频、打游戏等日常操作。马斯克计划在2026年大规模生产Neuralink脑机接口芯片，且植入芯片过程将转变为“一种更加精简、几乎完全自动化的手术流程”。开源证券认为，硬件的规模量产降本及植入过程的简便化，有望加速游戏、医疗等各类应用场景的成熟；随技术进一步发展，脑机接口有望带来新的游戏控制交互体验，为游戏行业培育新增长点。游戏公司积极布局相关领域，其中三七互娱投资强脑科技(国内脑机接口领域的首家独角兽)及华南脑控，研发的孤独症儿童辅助训练功能游戏《星星生活乐园》可接入华南脑控脑机接口AI头环；世纪华通于2020年与浙江大学共建浙江大学传奇创新研究中心，聚焦脑机融合等新兴领域；汤姆猫2024年与浙江大学、上海交通大学医学院附属瑞金医院控股公司等科研机构合作，共同推进脑机接口、脑功能数据分析、数字游戏疗法等领域的产学研工作。AI全面赋能游戏，多模态能力提升及融合形式创新或打开行业空间模型能力提升推动AI从美术资源生成、编程等辅助工作，向玩法设计、剧情架构等核心创意领域渗透。降本增效端，据腾讯统计，AI赋能下光子工作室的角色动画制作周期缩短40%，部分角色技能原型验证时间从2周压缩至3天。玩法创新端，巨人网络《太空杀》打造行业首个“多用户与AI智能体混合对抗”机制，截至2025年中报累计参与玩家达数百万，对局量数千万，系列AI玩法显著提升用户活跃度和在线时长；恺英网络投资企业自然选择基于自研大模型打造全球首款3D AI智能陪伴应用《EVE》，为玩家带来逼真的陪伴体验。据游戏陀螺公众号，2025年Steam平台公开使用生成式AI的游戏从7月7818款上升到12月超1万款，约占Steam总库的8%、2025年计划上线游戏的20%。AI与游戏融合方式的探索有望为玩家带来新颖体验，进一步打开行业发展空间。游戏旺季即将到来，新游密集上线及老游运营更新有望进一步驱动流水增长巨人网络旗下《超自然行动组》将于1月23日迎来周年庆系列活动；1月3日，心动公司旗下《心动小镇》宣布将开启与“喜洋洋与灰太狼”IP的新年联动，并将于1月24日启用以“瑞雪迎春”为主题的新年版本，国际服版本《Heartopia》也将于1月8日上线海外全地区；1月7日，金山软件《鹅鸭杀》手游将正式公测，此前端游的火热出圈已积累大量IP粉丝。建议关注新游上线及老游运营活动，积极把握供需共振下景气度向上、且即将迎来寒假春节旺季、估值性价比突出的游戏板块投资机会，标的上，重点推荐巨人网络(002558.SZ)、心动公司(02400)、恺英网络(002517.SZ)、吉比特(603444.SH)、哔哩哔哩-W(09626)、神州泰岳(300002.SZ)、腾讯控股(00700)，受益标的包括金山软件(03888)、世纪华通(002602.SZ)、三七互娱(002555.SZ)、汤姆猫(300459.SZ)、百奥家庭互动(02100)等。风险提示脑机接口及AI游戏发展、游戏流水等低于预期，新游上线推迟等。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601736658","isCrawlerRequest":true}

开源证券：脑机接口或步入规模量产阶段 游戏作为重要应用场景有望持续受益

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开源证券：脑机接口或步入规模量产阶段游戏作为重要应用场景有望持续受益