KrAST Evening Report: Magic Atom Targets $14 Billion Revenue by 2036

Daily News Roundup

On April 28, a wave of major announcements swept across the AI and tech sectors. From embodied intelligence to knowledge Agents, from automakers' stellar earnings to the industrialization of AI content production, the industry is blossoming on multiple fronts. Here's a roundup of today's key developments.

Magic Atom: Three Core Products Launched, Eyes $14 Billion Revenue by 2036

On April 28 (Pacific Time), Magic Atom concluded its Global Embodied Intelligence Summit (GEIS) in Silicon Valley. At the event, the company unveiled three major products in one go: its proprietary world model "Magic-Mix," the dexterous hand "MagicHand H01," and the flagship humanoid robot "MagicBot X1."

Even more noteworthy, Magic Atom disclosed its long-term revenue target for the first time — the company aims to reach $14 billion in revenue by 2036. It also announced plans to invest $1 billion over the next five years to build a dedicated ecosystem platform for secondary robot development.

This series of moves signals that Magic Atom is pursuing a dual-engine strategy of "core technology + open ecosystem" to fully stake its claim in the embodied intelligence space. The release of the Magic-Mix world model is particularly significant, as it indicates the company is evolving from hardware manufacturing toward full-stack "hardware-software integration" capabilities. While the $14 billion revenue target is ambitious, it also reflects the enormous potential of the embodied intelligence market.

Tencent ima Launches New Knowledge Agent — copilot

Tencent's intelligent workspace ima has launched a new knowledge Agent product called "copilot." Positioned as a smart knowledge assistant, the product leverages Agent capabilities to help users manage knowledge, retrieve information, and create content more efficiently.

From an industry perspective, knowledge management is emerging as a key scenario for enterprise AI deployment. By integrating Agent capabilities into ima, Tencent is making another significant move in the knowledge workflow space, following its efforts in document collaboration and meeting scenarios. The launch of copilot further enriches Tencent's product portfolio at the AI application layer.

Geely Auto: Q1 Revenue Surpasses 80 Billion Yuan for the First Time, Core Profit Up 31%

Geely Auto released its Q1 2026 earnings report, delivering an impressive set of results:

• Total sales: 709,358 units, up 1% year-over-year
• Total revenue: Up 15% year-over-year, surpassing 80 billion yuan for the first time
• Core net profit attributable to shareholders: 4.56 billion yuan, up 31% year-over-year
• Gross margin: 17.5%, up 11% year-over-year
• Total cash position: 60.2 billion yuan

Notably, despite only a marginal 1% increase in sales volume, revenue achieved double-digit growth of 15%, driven primarily by strong export performance and a rising share of high-value product sales. As an automaker that continues to invest heavily in autonomous driving and AI technologies, Geely's financial health provides ample ammunition for its ongoing push toward intelligent mobility.

iReader Technology: Full-Scale AI Short Drama Industrialization in 2026

iReader Technology stated clearly at its 2025 annual earnings briefing that in 2026, the company will fully advance the industrialization of AI-generated short dramas, aiming to achieve a scalable breakthrough in its content ecosystem with significantly increased resource investment.

This strategic commitment marks a shift in AI-driven content production from "experimental trials" to "industrial-scale production." As video generation models continue to improve rapidly, AI short dramas are poised to become one of the first content segments to achieve large-scale AI application.

Outlook

Several clear themes emerge from today's developments: the embodied intelligence sector is accelerating its path to commercialization, with leading players setting decade-long targets; AI Agents are transitioning from concept to product, with knowledge management emerging as a key deployment scenario; and AI's transformation of traditional content industries is gaining momentum, with industrial-scale production models on the horizon. Driven by both capital and technology, 2026 is shaping up to be a pivotal year as AI transitions from "technology validation" to "commercial realization."