[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciodef5e8ca":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},"dciodef5e8ca","OpenAI叫停“星际之门”扩建，千亿债务扩张模式遇挫，甲骨文(ORCL)面临AI基建“过时”困境","\u002Fdoc\u002Fdciodef5e8ca","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp> \u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，人工智能芯片的更新速度已远超数据中心的建设周期，这一市场现实正暴露出AI交易的核心风险，以及甲骨文(ORCL)依赖债务推动扩张模式的脆弱性。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">据知情人士透露，OpenAI已不再计划扩大与甲骨文在德克萨斯州阿比林(Abilene)的合作。该地正是\"星际之门\"(Stargate)数据中心项目的所在地，而OpenAI作出这一决定的原因在于，它希望获得更新一代的英伟达图形处理器集群。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">据了解，阿比林当前阶段的设施预计将采用英伟达的Blackwell处理器，而电力预计需要一年后才能接入。该知情人士表示，届时OpenAI希望能在其他地方获得更大规模的英伟达下一代芯片集群。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">甲骨文周日在其X平台发帖称，相关报道\"虚假且不正确\"，但该帖子仅表示现有项目进展顺利，并未提及扩建计划。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">据悉，甲骨文此前已拿下该地块、订购硬件，并斥资数十亿美元进行建设和人员配置，原本预期将进一步扩大规模。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">对于OpenAI而言，这实属情理之中的决定，它当然不愿使用旧款芯片。英伟达过去每两年推出一代新的数据中心处理器，而如今，CEO黄仁勳已将其提速至每年一代，每一代产品的性能都有质的飞跃。今年1月在CES上亮相、目前已投产的Vera Rubin芯片，其推理性能是Blackwell的五倍。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">对于那些打造前沿模型的企业而言，即便是最微小的性能提升，也可能导致模型基准测试和排名的巨大差距。开发者对这些指标高度关注，而这直接关系到用户量、收入乃至估值。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这一切都指向一个更深层的结构性问题。对基础设施公司而言，选址、接入电力、建成设施，至少需要12到24个月。但客户追逐的是最新、最好的技术，他们在紧盯英伟达每年一次的芯片升级。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">甲骨文面临的额外挑战在于它是唯一一家主要依靠债务融资来支撑扩张的超大规模云服务商，其债务规模已高达1000亿美元且有增无减。相比之下，谷歌、亚马逊和微软则背靠着自身庞大的现金牛业务。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">与此同时，甲骨文的合作伙伴Blue Owl已拒绝为另一处设施提供融资，并计划裁员至多3万人。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">甲骨文将于周二发布第三财季业绩，投资者将密切关注管理层如何回应其500亿美元资本支出计划与自由现金流为负之间的矛盾，以及其融资渠道能否持续。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">该股今年以来已累计下跌23%，自去年9月触顶以来市值已蒸发过半。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">放眼整个市场，GPU折旧的风险远不止于甲骨文。它可能在整个AI领域产生连锁反应，如今签下的每一份基础设施交易协议，可能在电力还未接入之前，就已注定要配置过时的硬件。\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"]