ChatGPT月活达8亿，背后电费惊人。汇丰测算显示，OpenAI到2030年需再投入2070亿美元购买算力，相当于美国中西部建中型电站。即使届时营收达2130亿美元，公司仍可能无净利润，自由现金流持续为负。
OpenAI面临90亿美元负自由现金流危机，技术领先与财务可持续性矛盾凸显。巨额现金流出主因包括基础设施扩张、高昂运营成本及收入增长滞后，反映AI行业激进投入与盈利失衡的普遍困境。
Xai
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