[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio3e22fc6d":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio3e22fc6d","Evercore：微软OpenAI新协议移除AGI模糊性，明确2032年前IP权限，维持“跑赢大盘”评级","\u002Fdoc\u002Fdcio3e22fc6d","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，投资公司 Evercore ISI 表示，微软(MSFT)与 OpenAI 之间修订后的协议应能为前者减少围绕通用人工智能 (AGI) 的模糊性，并为后者提供更大的灵活性。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">根据两家公司周一联合声明，作为终止独家安排的交换条件，微软将不再就其通过云平台转售的OpenAI产品支付收入分成。这项修订协议旨在简化双方长期复杂的合作关系，同时为双方探索新商业机会提供更大灵活性。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Evercore 分析师 Kirk Materne 在给客户的一份报告中写道“从宏观层面看，新协议简化了双方的关系，微软放弃了一部分排他性，以换取更高的透明度、灵活性和经济确定性。OpenAI 获得了更多在整个市场运作的空间，而微软仍保留了首选战略角色、对 OpenAI 技术的长期访问权，以及对 OpenAI 增长的持续参与。我们认为，关键点在于与 AGI 挂钩的术语似乎已从商业框架中移除，这明确了截至 2032 年的知识产权(IP)访问权限，以及截至 2030 年的营收分成经济模式的相关截止日期，尽管现在设有上限。底线是，我们认为这份修订后的协议目前不应令投资者感到意外，因为微软已日益显露出对更广泛的多模型战略的兴趣，而 OpenAI 显然也有动力在整个市场更广泛地扩大分发渠道。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Materne 对微软的评级为“跑赢大盘”，目标价为 580 美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">通用人工智能(AGI)此前被描述为“奇点”——即技术超越人类且变得不可逆转的时刻。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">作为修改后协议的一部分，微软将继续作为 OpenAI 的主要云合作伙伴，且 OpenAI 的产品将优先在 Azure 上发布。然而，现在有一项调整规定如果微软“不能且选择不支持必要的能力”，OpenAI 可以寻求其他合作伙伴。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">此外，OpenAI 可以将其所有产品通过任何云服务商(如亚马逊 AMZN 的 AWS)提供给客户。微软将继续拥有在 2032 年之前为其模型和产品使用 OpenAI 知识产权的许可，但该许可现在将是非排他性的。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">微软也将不再向 OpenAI 支付营收分成，不过到 2030 年为止，无论 OpenAI 的技术进展如何，微软都将从 OpenAI 处获得营收分成款项。最后，这家 Windows 制造商补充称，微软仍是 OpenAI 的主要股东。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">微软定于 4 月 29 日收盘后公布其财年第三季度财报。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]