{"id":13314,"date":"2025-11-21T17:07:01","date_gmt":"2025-11-21T09:07:01","guid":{"rendered":"https:\/\/www.chinesenews.site\/index.php\/2025\/11\/21\/rengongzhinengxingyegaogemengjindanpaomodanyouhuizhibuqu\/"},"modified":"2025-11-21T17:07:01","modified_gmt":"2025-11-21T09:07:01","slug":"rengongzhinengxingyegaogemengjindanpaomodanyouhuizhibuqu","status":"publish","type":"post","link":"https:\/\/www.novel086.top\/index.php\/2025\/11\/21\/rengongzhinengxingyegaogemengjindanpaomodanyouhuizhibuqu\/","title":{"rendered":"\u4eba\u5de5\u667a\u80fd\u884c\u4e1a\u9ad8\u6b4c\u731b\u8fdb\uff0c\u4f46\u6ce1\u6cab\u62c5\u5fe7\u6325\u4e4b\u4e0d\u53bb\u00a0"},"content":{"rendered":"<address>CADE METZ<\/address>\n<p>2025\u5e7411\u670821\u65e5<\/p>\n<figure><img data-opt-id=912427215  fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.weserv.nl\/?url=static01.nyt.com\/images\/2025\/11\/20\/multimedia\/20biz-ai-bubble-zcmk\/20biz-ai-bubble-zcmk-master1050.jpg\" width=\"1050\" height=\"788\" \/><figcaption>\u4f4d\u4e8e\u5f97\u514b\u8428\u65af\u5dde\u963f\u6bd4\u6797\u7684OpenAI\u661f\u95e8\u6570\u636e\u4e2d\u5fc3\u7efc\u5408\u8bbe\u65bd\u3002 <cite>Scott Ball for The New York Times<\/cite><\/figcaption><\/figure>\n<section>\n<p>\u5c06\u79d1\u6280\u884c\u4e1a\u8fd9\u6bb5\u5f02\u5e38\u6d3b\u8dc3\u7684\u589e\u957f\u671f\u79f0\u4e3a\u5386\u53f2\u6027\u65f6\u523b\u5e76\u4e0d\u4e3a\u8fc7\u3002<\/p>\n<p>\u5468\u4e09\uff0c\u751f\u4ea7\u6784\u5efa\u4eba\u5de5\u667a\u80fd\u6240\u5fc5\u9700\u82af\u7247\u7684\u82f1\u4f1f\u8fbe\u8868\u793a\uff0c\u5176\u5b63\u5ea6\u5229\u6da6\u8dc3\u5347\u81f3<a href=\"https:\/\/www.nytimes.com\/2025\/11\/19\/technology\/nvidia-earnings.html\">\u8fd1320\u4ebf\u7f8e\u5143<\/a>\uff0c\u540c\u6bd4\u589e\u957f65%\uff0c\u8f83\u4e24\u5e74\u524d\u589e\u957f245%\u3002<\/p>\n<p>\u5c31\u5728\u4e09\u5468\u524d\uff0c\u82f1\u4f1f\u8fbe\u6210\u4e3a<a href=\"https:\/\/www.nytimes.com\/2025\/10\/29\/technology\/nvidia-value-market-ai.html\">\u9996\u5bb6\u5e02\u503c\u7a81\u78345\u4e07\u4ebf\u7f8e\u5143\u7684\u4e0a\u5e02\u516c\u53f8<\/a>\u3002\u5fae\u8f6f\u3001\u8c37\u6b4c\u3001\u82f9\u679c\u548c\u4e9a\u9a6c\u900a\u76ee\u524d\u5e02\u503c\u4e5f\u90fd\u8fbe\u5230\u4e86\u6570\u4e07\u4ebf\u7f8e\u5143\u3002\u8fd9\u56db\u5bb6\u4f01\u4e1a\u6700\u8fd1\u5b63\u5ea6\u5f55\u5f97\u603b\u5229\u6da6\u8d85\u8fc71100\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u201c\u5173\u4e8e\u4eba\u5de5\u667a\u80fd\u6ce1\u6cab\u7684\u8ba8\u8bba\u4e0d\u7edd\u4e8e\u8033\uff0c\u201d\u82f1\u4f1f\u8fbe\u9996\u5e2d\u6267\u884c\u5b98\u9ec4\u4ec1\u52cb\u5728\u516c\u53f8\u4ea4\u51fa\u6f02\u4eae\u7684\u5b63\u62a5\u540e\u8868\u793a\u3002\u201c\u4f46\u4ece\u6211\u4eec\u7684\u89c6\u89d2\u770b\uff0c\u60c5\u51b5\u622a\u7136\u4e0d\u540c\u3002\u201d<\/p>\n<p>\u4f46\u4e00\u4e9b\u4e1a\u5185\u4eba\u58eb\u8868\u793a\uff0c\u6240\u6709\u8fd9\u4e9b\u770b\u4f3c\u7f8e\u597d\u7684\u6d88\u606f\u80cc\u540e\u90fd\u9690\u85cf\u7740\u4e0d\u7965\u4e4b\u5146\u3002\u4ed6\u4eec\u4e0e\u9ec4\u4ec1\u52cb\u76ee\u7779\u4e86\u540c\u6837\u7684\u589e\u957f\u4e0e\u8d22\u5bcc\u5947\u8ff9\uff0c\u5374\u8ba4\u4e3a\u8fd9\u662f\u8106\u5f31\u7684\u7eb8\u724c\u5c4b\u3002\u4ed6\u4eec\u8868\u793a\uff0c\u5982\u679c\u5d29\u584c\uff0c\u7531\u6b64\u9020\u6210\u7684\u7834\u574f\u5c06\u96be\u4ee5\u4f30\u91cf\u3002<\/p>\n<p>\u5c31\u8fde\u82f1\u4f1f\u8fbe\u7684\u589e\u957f\u4e5f\u5e76\u975e\u65e0\u61c8\u53ef\u51fb\u3002\u5e02\u573a\u5bf9\u5176\u82af\u7247\u7684\u9700\u6c42\u5e76\u4e0d\u610f\u5473\u7740\u4eba\u4eec\u60f3\u4f7f\u7528\u4eba\u5de5\u667a\u80fd\uff0c\u800c\u662f\u4ec5\u8868\u660e\u4f01\u4e1a\u6b63\u5728\u65a5\u5de8\u8d44\u6784\u5efa\u4eba\u5de5\u667a\u80fd\u7cfb\u7edf\uff0c\u5bc4\u671b\u4e8e\u672a\u6765\u80fd\u5438\u5f15\u4ed8\u8d39\u7528\u6237\u3002\u82f1\u4f1f\u8fbe\u5f15\u9886\u7684\u534e\u5c14\u8857\u6da8\u52bf\u4ec5\u7ef4\u6301\u6570\u5c0f\u65f6\uff0c\u622a\u81f3\u5468\u56db\u6536\u76d8\u8be5\u516c\u53f8\u80a1\u4ef7\u4e0b\u8dcc\u7ea63%\u3002\u79d1\u6280\u80a1\u5927\u5e45\u56de\u8c03\u62d6\u7d2f\u6574\u4e2a\u5e02\u573a\uff0c\u6807\u666e500\u6307\u6570\u5f53\u65e5\u4e0b\u632b1.6%\u3002<\/p>\n<p><img data-opt-id=912427215  fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.weserv.nl\/?url=static01.nyt.com\/images\/2025\/11\/20\/multimedia\/20biz-ai-bubble-chip-zgtb\/20biz-ai-bubble-chip-zgtb-master1050.jpg\" \/><small>\u82f1\u4f1f\u8fbe\u5f3a\u52b2\u7684\u5b63\u5ea6\u4e1a\u7ee9\u66fe\u77ed\u6682\u7f13\u89e3\u534e\u5c14\u8857\u5bf9\u4eba\u5de5\u667a\u80fd\u5de8\u5927\u5f00\u652f\u7684\u62c5\u5fe7\u3002<\/small><\/p>\n<p>\u4e0d\u8fc7\uff0c\u5bf9\u4eba\u5de5\u667a\u80fd\u70ed\u6f6e\u6301\u60b2\u89c2\u6001\u5ea6\u8005\u6301\u6709\u7684\u6838\u5fc3\u8bba\u70b9\u662f\uff0c\u5de8\u989d\u8d44\u91d1\u6b63\u6d8c\u5165\u76f8\u5173\u521d\u521b\u4f01\u4e1a\uff0c\u800c\u8fd9\u4e9b\u516c\u53f8\u5728\u6570\u636e\u4e2d\u5fc3\u4e0a\u7684\u652f\u51fa\u60ca\u4eba\u3002<\/p>\n<p>\u4e09\u5e74\u524d\u5f15\u7206\u8fd9\u573a\u70ed\u6f6e\u7684OpenAI<a href=\"https:\/\/www.nytimes.com\/2025\/10\/02\/technology\/openai-deal-500-billion.html\">\u76ee\u524d\u4f30\u503c\u7ea65000\u4ebf\u7f8e\u5143<\/a>\uff0c\u662f\u5168\u7403\u6700\u6709\u4ef7\u503c\u7684\u521d\u521b\u4f01\u4e1a\u3002OpenAI\u7684\u4e3b\u8981\u7ade\u4e89\u5bf9\u624bAnthropic\u76ee\u524d<a href=\"https:\/\/www.nytimes.com\/2025\/09\/02\/technology\/anthropic-funding-ai.html\">\u4f30\u503c\u7ea61830\u4ebf\u7f8e\u5143<\/a>\u3002\u4eca\u5e742\u6708\u624d\u521b\u7acb\u7684Thinking Machines Labs\u636e\u4fe1\u4f30\u503c\u4e5f\u5df2\u8fbe\u5230\u6570\u767e\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>OpenAI\u76ee\u524d\u5c1a\u672a\u76c8\u5229\uff0c\u800c\u4e14\u9884\u8ba12030\u5e74\u524d\u90fd\u96be\u4ee5\u5b9e\u73b0\u6536\u652f\u5e73\u8861\u3002Anthropic\u540c\u6837\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\u3002Thinking Machines\u5219\u521a\u521a\u63a8\u51fa\u9996\u6b3e\u4ea7\u54c1\u3002<\/p>\n<p>\u4f46\u8fd9\u5e76\u6ca1\u6709\u963b\u6b62\u5b83\u4eec\u70e7\u94b1\u3002Anthropic\u8fd1\u65e5\u5ba3\u5e03\u5c06<a rel=\"noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.anthropic.com\/news\/anthropic-invests-50-billion-in-american-ai-infrastructure\">\u6295\u8d44500\u4ebf\u7f8e\u5143\u7528\u4e8e\u65b0\u6570\u636e\u4e2d\u5fc3\u7684\u5efa\u8bbe<\/a>\u3002OpenAI\u7684\u660e\u661f\u9996\u5e2d\u6267\u884c\u5b98\u8428\u59c6\u00b7\u5965\u5c14\u7279\u66fc\u5219\u8868\u793a\uff0c\u516c\u53f8\u5c06\u4e3a\u5176\u4eba\u5de5\u667a\u80fd\u4e8b\u4e1a\u6295\u51651.4\u4e07\u4ebf\u7f8e\u5143\u7528\u4e8e\u7b97\u529b\u3002<\/p>\n<p><figure><img data-opt-id=912427215  decoding=\"async\" src=\"https:\/\/images.weserv.nl\/?url=static01.nyt.com\/images\/2025\/11\/20\/multimedia\/20biz-ai-bubble-claude-cbhv\/20biz-ai-bubble-claude-cbhv-jumbo.jpg\" \/><\/figure>\n<figcaption>Anthropic\u7684Claude\u804a\u5929\u673a\u5668\u4eba\u5728\u6d88\u8d39\u8005\u4e2d\u8d8a\u6765\u8d8a\u53d7\u6b22\u8fce\u3002\u6709\u4e9b\u4eba\u4e3a\u4f7f\u7528\u804a\u5929\u673a\u5668\u4eba\u6bcf\u6708\u652f\u4ed8\u8d85\u8fc7100\u7f8e\u5143\u3002 <cite>Kelsey McClellan for The New York Times<\/cite><\/figcaption><\/p><p>\u201cOpenAI\u73b0\u5728\u505a\u7684\u4e8b\u60c5\uff0c\u662f\u6211\u4eec\u89c1\u8fc7\u6700\u5938\u5f20\u7684\u2018\u4e00\u76f4\u5047\u88c5\u4e0b\u53bb\u76f4\u5230\u6210\u771f\u2019\u7684\u6848\u4f8b\uff0c\u201dD.A. Davidson\u7684\u79d1\u6280\u7814\u7a76\u8d1f\u8d23\u4eba\u5409\u5c14\u00b7\u5362\u91cc\u4e9a\u8bf4\u3002\u201c\u4ed6\u4eec\u505a\u51fa\u7684\u627f\u8bfa\u5de8\u5927\uff0c\u5b9e\u9645\u4e0a\u6839\u672c\u65e0\u529b\u627f\u62c5\u3002\u201d<\/p>\n<p>OpenAI\u4e0e\u5176\u5408\u4f5c\u4f19\u4f34\u6b63\u65a5\u8d445000\u4ebf\u7f8e\u5143\u5728\u7f8e\u56fd\u5174\u5efa\u65b0\u4e00\u4ee3\u6570\u636e\u4e2d\u5fc3\uff0c\u82e5\u6309\u5f53\u524d\u5e01\u503c\u8ba1\u7b97\uff0c\u8fd9\u4e2a<a href=\"https:\/\/www.nytimes.com\/2025\/02\/08\/technology\/sam-altman-elon-musk-trump.html\">\u6240\u8c13\u7684\u201c\u661f\u95e8\u8ba1\u5212\u201d<\/a>\u8db3\u4ee5\u652f\u630115\u6b21\u66fc\u54c8\u987f\u8ba1\u5212\u7684\u5168\u90e8\u5f00\u652f\uff0c\u751a\u81f3\u80fd\u652f\u4ed8\u4e24\u6b21\u5b8c\u6574\u7684\u963f\u6ce2\u7f57\u767b\u6708\u8ba1\u5212\u3002<\/p>\n<p>\u201c\u4ec5\u661f\u95e8\u8ba1\u5212\u672c\u8eab\u2014\u2014\u5982\u679c\u5176\u89c4\u6a21\u771f\u7684\u8fbe\u52305000\u4ebf\u7f8e\u5143\u2014\u2014\u5c31\u5c06\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\uff0c\u800c\u4e14\u8d85\u8d8a\u73b0\u6709\u7eaa\u5f55\u6570\u500d\uff0c\u201dSan Francisco Compute\u7684\u9996\u5e2d\u6267\u884c\u5b98\u57c3\u6587\u00b7\u5eb7\u62c9\u5fb7\u8bf4\u9053\uff0c\u8be5\u516c\u53f8\u662f\u4e00\u5bb6\u4e13\u6ce8\u4e8e\u4eba\u5de5\u667a\u80fd\u786c\u4ef6\u7684\u521d\u521b\u4f01\u4e1a\u3002<\/p>\n<p>\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u5206\u6790\u5e08\u9884\u6d4b\uff0c\u52302028\u5e74\uff0c\u5168\u7403\u7684\u79d1\u6280\u516c\u53f8\u3001\u5404\u56fd\u653f\u5e9c\u53ca\u5176\u5408\u4f5c\u4f19\u4f34\u5c06\u5728\u6570\u636e\u4e2d\u5fc3\u7684\u6295\u5165\u8fd13\u4e07\u4ebf\u7f8e\u5143\u3002\u4e3a\u4e86\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\uff0c\u4ed6\u4eec\u9700\u4ece\u94f6\u884c\u548c\u5176\u4ed6\u91d1\u878d\u673a\u6784<a rel=\"noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.morganstanley.com\/insights\/podcasts\/thoughts-on-the-market\/credit-markets-ai-financing-gap-vishy-tirupattur-vishwas-patkar\">\u501f\u8d37\u8fd11\u4e07\u4ebf\u7f8e\u5143<\/a>\u3002<\/p>\n<p>\u8fc7\u53bb12\u4e2a\u6708\u91cc\uff0c\u8c37\u6b4c\u3001\u5fae\u8f6f\u3001\u4e9a\u9a6c\u900a\u548cMeta\u5728\u65b0\u6570\u636e\u4e2d\u5fc3\u4e0a\u6295\u5165\u7ea6\u4e3a3600\u4ebf\u7f8e\u5143\u3002\u51ed\u501f\u5de8\u989d\u5229\u6da6\uff0c\u5b83\u4eec\u8d1f\u62c5\u5f97\u8d77\u8fd9\u79cd\u5f00\u652f\u3002\u5176\u4ed6\u516c\u53f8\u5219\u4e0d\u5f97\u4e0d\u4e3e\u503a\u6295\u5165\u3002\u8fd9\u5176\u4e2d\u6709\u7532\u9aa8\u6587\u8fd9\u6837\u7684\u8001\u724c\u4f01\u4e1a\uff0c\u4e5f\u6709CoreWeave\u3001Nebius\u7b49\u8f83\u5c0f\u7684\u516c\u53f8\u3002<\/p>\n<p>\u7531\u4e8e\u8fd9\u4e9b\u503a\u52a1\u5206\u6563\u5728\u4f17\u591a\u91d1\u878d\u673a\u6784\u2014\u2014\u5305\u62ec\u79c1\u4eba\u4fe1\u8d37\u673a\u6784\u4e0e\u4f20\u7edf\u94f6\u884c\u2014\u2014\u4e13\u5bb6\u4eec\u96be\u4ee5\u51c6\u786e\u8bc4\u4f30\u6574\u4e2a\u7cfb\u7edf\u4e2d\u7a76\u7adf\u8574\u542b\u591a\u5c11\u98ce\u9669\u3002<\/p>\n<p>\u66f4\u4ee4\u4eba\u62c5\u5fe7\u7684\u662f\uff0c\u6279\u8bc4\u8005\u6307\u51faOpenAI\u4e0e\u82af\u7247\u5236\u9020\u5546\u3001\u4e91\u8ba1\u7b97\u516c\u53f8\u7b49\u8fbe\u6210\u7684\u4ea4\u6613\u5b58\u5728\u5947\u7279\u7684\u8d44\u91d1\u5faa\u73af\u73b0\u8c61\u3002OpenAI\u5728\u83b7\u5f97\u79d1\u6280\u5de8\u5934\u6570\u5341\u4ebf\u7f8e\u5143\u6ce8\u8d44\u7684\u540c\u65f6\uff0c\u53c8\u5411\u540c\u4e00\u6279\u4f01\u4e1a\u652f\u4ed8\u7b49\u91cf\u8d44\u91d1\u4ee5\u83b7\u53d6\u7b97\u529b\u7b49\u670d\u52a1\u3002<\/p>\n<p>\u4e00\u4e9b\u91d1\u878d\u5206\u6790\u5e08\u62c5\u5fc3\uff0c\u8fd9\u7c7b\u4ea4\u6613\u6b63\u5728\u5236\u9020\u5e02\u573a\u7e41\u8363\u7684\u5047\u8c61\u3002\u6700\u7ec8\uff0c\u5e02\u573a\u7684\u7a33\u5b9a\u6027\u5c06\u53d6\u51b3\u4e8e\u50cfOpenAI\u8fd9\u6837\u7684\u516c\u53f8\u80fd\u5426\u5728\u88ab\u503a\u52a1\u538b\u57ae\u524d\u5b9e\u73b0\u76c8\u5229\u3002<\/p>\n<p>\uff08\u300a\u7ebd\u7ea6\u65f6\u62a5\u300b\u5df2\u8d77\u8bc9OpenAI\u548c\u5fae\u8f6f\uff0c\u6307\u63a7\u5176\u4eba\u5de5\u667a\u80fd\u7cfb\u7edf\u4fb5\u72af\u65b0\u95fb\u5185\u5bb9\u7248\u6743\u3002OpenAI\u548c\u5fae\u8f6f\u5747\u5426\u8ba4\u76f8\u5173\u6307\u63a7\u3002\uff09<\/p>\n<p>\u82f1\u4f1f\u8fbe\u7684\u67d0\u4e9b\u4ea4\u6613\u5f15\u53d1\u4e86\u540c\u6837\u7684\u8d28\u7591\u3002\u8be5\u516c\u53f8\u5ba3\u5e03\u5c06\u5411OpenAI\u6295\u51651000\u4ebf\u7f8e\u5143\uff0c\u800c\u8fd9\u4e9b\u8d44\u91d1\u6700\u7ec8\u4f1a\u901a\u8fc7\u91c7\u8d2d\u6216\u79df\u8d41\u82f1\u4f1f\u8fbe\u82af\u7247\u7684\u65b9\u5f0f\u56de\u6d41\u81f3\u8be5\u516c\u53f8\u3002<\/p>\n<p>\u5468\u4e8c\uff0c\u82f1\u4f1f\u8fbe\u5ba3\u5e03\u4e0eAnthropic\u8fbe\u6210<a rel=\"noopener noreferrer\" target=\"_blank\" 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href=\"https:\/\/www.nytimes.com\/2025\/08\/13\/business\/ai-business-payoff-lags.html\" title=\"Link: 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