AI资本神话松动:微软为何成了第一块倒下的多米诺骨牌

美股研究社
Feb 24

*内容仅为呈现不同市场观点与研究视角,并不意味着本公众号对文中观点结论认可。当 Microsoft 领跌“七巨头”,市场的第一反应并不是财报问题,而是 OpenAI 融资的不确定性。在过去两年里,微软几乎被视为 AI 商业化的最大赢家。它押注 OpenAI,将大模型嵌入 Azure 与 Office 生态,市值屡创新高。AI 故事,是微软估值重估的核心驱动力。然而,当 OpenAI 融资进展不顺、...

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