Signal and Noise

Signal and Noise (信号与噪声) is a podcast produced by Oasis Capital (绿洲资本), the venture firm founded by Zhang Jinjian . Launched in May 2025 with an unscripted opening episode, the show is framed as a voice-driven project for "heart-to-heart" exchange amid rapid AI-era change . In June 2026, its "North Slope Project" (北坡计划) second episode featured a discussion with Xu Huazhe, founder of Hypershell Technology and a Tsinghua assistant professor, on embodied intelligence — covering development stages, data bottlenecks, model generalization, and long-horizon tasks . The podcast appears to serve as a platform for Oasis Capital to engage with frontier technology themes through extended conversation rather than conventional investment commentary.