Founded by a former Meta researcher, Memories.ai released the world's first large-scale visual memory model in 2025 and successfully completed its seed funding round, later expanding it to $16 million. Memories.ai has established partnerships with Qualcomm and NVIDIA, launched the LUCI developer hardware platform, and appointed a Chief AI Officer. The company maintains a lean team, prioritizing high initiative and vision alignment in recruitment. Shen Junxiao, founder of Memories.ai, categorizes AI memory into two types: personalized services and self-evolving services. He believes that the competitive edge of personalized services is diminishing, while self-evolving services hold greater value, aiming to achieve recursive self-evolution in the physical world. The company's core business is building a video memory scaffold and constructing its own video data lake, having indexed over 1 million hours of video, with a video memory capacity 100 times that of similar solutions. Its physical AI self-evolution system improves initial accuracy from around 70% to nearly 90% by recording visual data, locating failure cases, and conducting targeted post-training, while reducing reliance on human-labeled data. Memories.ai's clients include enterprise customers and cutting-edge robotics labs, achieving self-sustaining growth through the formation of a data flywheel. Shen Junxiao places greater faith in the power of data scaling, preferring real-world data, and the team has achieved multiple research breakthroughs in data compression, memory efficiency, and other areas. The company deeply integrates its video data lake with visual understanding models, clarifying its ecological niche by neither building robots nor competing with companies in the VLA model space. Shen Junxiao argues that the market space for AI memory as an independent category is limited, with the ultimate goal being to leverage memory to better accomplish tasks. The current AI core is still growing exponentially, and the focus should remain on its development.