凯雷集团Jason Thomas在一份报告中指出，今年市场面临的一大关键问题是，数据中心在多大程度上正对其他行业的投资产生“挤出效应”。Thomas表示，房地产和基础设施等领域出现的投资失衡，挑战了“人工智能正在提振原本可能停滞的经济”这一普遍假设。
他提供的数据显示，自2022年11月ChatGPT推出以来，数据中心已投入使用的资产规模增长了3.2倍；而所有其他房地产开发的增长幅度却不足10%。Thomas补充道，“同样的趋势在基础设施领域也显而易见”——自2020年以来，数据中心交易量占整个市场的份额已从不到四分之一大幅攀升至约三分之二。
因此，报告认为，市场不应只关注人工智能本身相关的风险，“或许是时候考虑全经济范围内的资源约束问题了”。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.