谷歌DeepMind CEO警告AI创业泡沫，指出初创公司未开展业务就获数百亿美元估值不可持续，应与大型科技公司的基础设施投资区别看待。
Anthropic CEO警告AI行业投资过热，指出部分公司承诺投入数千亿美元开发AI系统，但面临巨大财务风险。行业面临两难：构建先进AI需巨额资金，但过度投资可能导致泡沫。
2025年初，特朗普关税压力影响全球科技公司。10月起，市场担忧AI泡沫，投资者对高估值AI企业转趋谨慎。软银集团作为AI投资巨头，股价在10月31日至11月26日暴跌40%，市值蒸发近500亿美元。此次动荡由多重因素共同引发，非单一事件所致。
2026年AI行业面临转折：投资预计超2万亿美元，但投机泡沫风险引发警惕。投资者减持苹果、微软等科技巨头股份，就业影响争议持续。美联储官员关注潜在经济冲击。
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