GPT-5是否預示着軟件時代的終結

英為財情

2025/08/16

Investing.com - OpenAI周四發布的GPT-5引發了軟件板塊的大幅拋售。分析師將這一模型描述為"令人印象深刻"，並稱其是技術（包括企業技術）轉型的又一步。但他們表示，投資者多年來一直在思考的問題依然存在：這是否預示着軟件時代的終結？券商D.A. Davidson將企業軟件的核心價值驅動因素分為三個領域：分銷、集成和工作流程。該報告確定了企業軟件的三個主要價值驅動因素：分銷、...

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Davidson將企業軟件的核心價值驅動因素分為三個領域：分銷、集成和工作流程。\n該報告確定了企業軟件的三個主要價值驅動因素：分銷、...</p>\n\n<a href=\"https://cn.investing.com/news/stock-market-news/article-2941163\">網頁鏈接</a>\n\n</div>\n","source":"investing_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GPT-5是否預示着軟件時代的終結</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGPT-5是否預示着軟件時代的終結\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">英為財情</strong><span class=\"h-time small\">2025-08-16 16:31</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Investing.com - OpenAI周四發布的GPT-5引發了軟件板塊的大幅拋售。\n分析師將這一模型描述為\"令人印象深刻\"，並稱其是技術（包括企業技術）轉型的又一步。但他們表示，投資者多年來一直在思考的問題依然存在：這是否預示着軟件時代的終結？\n券商D.A. Davidson將企業軟件的核心價值驅動因素分為三個領域：分銷、集成和工作流程。\n該報告確定了企業軟件的三個主要價值驅動因素：分銷、...</p>\n\n<a href=\"https://cn.investing.com/news/stock-market-news/article-2941163\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://cn.investing.com/news/stock-market-news/article-2941163\">英為財情</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://cn.investing.com/news/stock-market-news/article-2941163","article_id":"2559928603","we_media_id":null,"thumbnails":[],"rights":{"source":"investing_news","url":"https://cn.investing.com/news/stock-market-news/article-2941163","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2559928603","pubTimestamp":1755333060,"columns":[],"sourceInfo":{"source_id":"investing_news","name":"英为财情新闻"},"weMediaInfo":null,"summary":"Investing.com - OpenAI周四發布的GPT-5引發了軟件板塊的大幅拋售。但他們表示，投資者多年來一直在思考的問題依然存在：這是否預示着軟件時代的終結？他們預計，隨着AI採用的加速，組織、觀察和保護代碼和數據的基礎設施將變得更加重要，而應用軟件的爭論仍在繼續。GPT-5的發布距OpenAI首次推出ChatGPT已近三年。GPT-5是該公司首個讓公眾訪問\"測試時計算\"的模型——這項技術允許AI在更難的問題上投入更多處理能力，以提高推理和解決問題的能力。","collect":0,"end_time":0,"defaultTopTitle":"investing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{".IXIC":"NASDAQ Composite","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","USJW.SI":"ALPHAB 3xLongSG261006","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","QID":"两倍做空纳斯达克指数ETF-ProShares","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU1989773731.SGD":"CPR Invest - Education A2 Acc SGD-H","SQQQ":"纳指三倍做空ETF","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU0082616367.USD":"摩根大通美国科技A（dist）","TSYW.SI":"TESLA 3xLongSG261006","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","DDOG":"Datadog","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","MSFT":"微软","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","BK4532":"文艺复兴科技持仓","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","USAW.SI":"AMZN 3xLongSG261006","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","NVIW.SI":"NVDA 3xLongSG261006","LU1181866309.USD":"摩根大通环球策略总报酬基金A (acc)","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","QLD":"2倍做多纳斯达克100指数ETF-ProShares","LU1235295455.SGD":"Fidelity Global Multi Asset Growth & Income A-ACC-SGD","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","TQQQ":"纳指三倍做多ETF","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","FROG":"FrogAds, Inc.","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","PSQ":"做空纳斯达克100指数ETF-ProShares","SNOW":"Snowflake","BK4577":"网络游戏","BK4538":"云计算"},"translate_title":"Does GPT-5 herald the end of the software era","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USJW.SI":0.6,"TSYW.SI":0.6,"MNQmain":0.6,"QLD":0.6,"DDOG":1,"MSFT":1,"NVIW.SI":0.6,"USAW.SI":0.6,"NQmain":0.6,"PSQ":0.6,"TQQQ":0.6,"FROG":1,".IXIC":0.68,"SQQQ":0.6,"SNOW":1,"QID":0.6},"content_text":"Investing.com - OpenAI周四發布的GPT-5引發了軟件板塊的大幅拋售。\n分析師將這一模型描述為\"令人印象深刻\"，並稱其是技術（包括企業技術）轉型的又一步。但他們表示，投資者多年來一直在思考的問題依然存在：這是否預示着軟件時代的終結？\n券商D.A. Davidson將企業軟件的核心價值驅動因素分為三個領域：分銷、集成和工作流程。\n該報告確定了企業軟件的三個主要價值驅動因素：分銷、集成和工作流程。\n大型供應商已經掌握了銷售流程的導航技巧，並能在購買後維持使用率。\n集成（將軟件與其他系統和數據源連接）通常涉及自定義開發、權限和中間件。\n工作流程和業務邏輯在不同組織之間差異很大，這意味着實施必須根據每個公司的獨特結構和要求進行定製。\n雖然軟件定價通常按席位計算，但分析師指出，價值的真正衡量標準是它替代了多少角色或隨着時間的推移變得多麼不可或缺。向基於使用的模型轉變反映了這一點。\n\"從長遠來看，如果AI代理開始從員工那裏分擔任務，第一個問題的答案可能會改變，\"由Gil Luria領導的團隊補充道。\n該團隊警告稱，雖然AI在管理非結構化數據方面表現出色，但許多企業數據仍然是結構化的，更適合傳統計算。CTO必須同時管理這兩者。數據可訪問性、治理和合規性被認為是擴展AI工具的主要瓶頸。\n分析師們區分了基礎設施和應用軟件。他們預計，隨着AI採用的加速，組織、觀察和保護代碼和數據的基礎設施將變得更加重要，而應用軟件的爭論仍在繼續。\n客户對長期承諾的猶豫仍然是一個挑戰。\n總體而言，D.A. Davidson表示，他們認為\"許多軟件公司在AI革命中處於有利位置，那些執行良好的公司將為投資者帶來優異的回報。\"\n該公司強調了微軟(NASDAQ:MSFT)、Snowflake(NYSE:SNOW)、Datadog(NASDAQ:DDOG)和Jfrog Ltd(NASDAQ:FROG)作為當前偏好。\n該券商引用其團隊成員Alex Platt的觀點，認為AI指數級增長的風險主要不是對軟件的威脅，而是\"對整個社會的威脅\"。\nGPT-5的發布距OpenAI首次推出ChatGPT已近三年。GPT-5是該公司首個讓公眾訪問\"測試時計算\"的模型——這項技術允許AI在更難的問題上投入更多處理能力，以提高推理和解決問題的能力。\nGPT-4通過更多的計算和數據實現了進步，但由於新的人類生成文本短缺以及長時間訓練運行期間硬件故障風險增加，擴展陷入停滯。\n測試時計算提供了一種替代路徑，可以在不僅僅依賴更大數據集的情況下實現更智能的AI。\n本文由人工智能協助翻譯。更多信息，請參見我們的使用條款。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}