CITIC Securities: The trend of embodied model updates, "UMI Data Collection + Video Learning" promotes the development of world models

36Kr learned that a research report from CITIC Securities indicates that there are intensive updates at the level of embodied intelligent large models. The "low cost + high efficiency" characteristics of UMI data collection have been widely adopted, and the large-scale use of first-person video data has received phased certification from leading manufacturers. Rich and diverse video learning is expected to fully nurture world models based on video generation models. The year 2026 is expected to be the year of mass production for the embodied intelligent robot industry, and the level of embodied models is still weaker than the hardware foundation, making their iterative evolution more critical. Meanwhile, as players like Skild AI, Physical Intelligence, and Galaxy Universal continue to advance their capitalization processes, the pricing logic for embodied model companies is expected to become clearer and more consistent