AI军备竞赛推动重资产融资创新。谷歌母公司Alphabet拟发行2至40年期债券，筹资200–250亿美元，其中40年期利率较国债高1.3个百分点，旨在为AI研发与算力投入提供巨额弹药。
英伟达计划发行至少200亿美元债券，分七期期限2至30年，最长债券收益率比美债高约0.9个百分点。摩根大通等投行承销，资金用于一般公司用途，包括AI算力扩容，加入债务热潮。
谷歌母公司Alphabet宣布计划通过出售股票募集800亿美元，以支持AI基础设施和全球算力扩展，其中包含向伯克希尔·哈撒韦定向出售100亿美元股票。此举显示科技巨头在AI军备竞赛中算力争夺升级，回应企业和消费者对AI解决方案的强劲需求。
OpenAI总裁Greg Brockman披露，公司计划在2026年前投入高达500亿美元提升计算资源，以应对AI大模型训练和推理对算力的激增需求。这一投资较2017年的约3000万美元增长了数千倍，标志着生成式AI从实验阶段迈向大规模商业化。
Anthropic
$21
Input tokens/M
$105
Output tokens/M
200
Context Length
Iflytek
$2
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Baichuan
4
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