Alphabet二季度資本支出同比暴漲100%至449.2億美元，年化逼近1800億美元；營收增24%至1198億美元，超預期。谷歌雲營收飆升82%至248億美元，運營利潤率近乎翻倍，鉅額算力投入正轉化爲強勁盈利引擎。
當前人工智能算力競賽趨於白熱化，甲骨文公司正押注數千億美元大規模建設數據中心，力圖在雲計算市場搶佔先機。但隨着基礎設施陸續建成，華爾街開始擔憂：若OpenAI等核心大客戶無力長期消化鉅額算力支出，這番豪賭或變成難以擺脫的沉重資產負擔。甲骨文近期在年度財務報告中罕見地詳細披露了相關風險。
美國企業AI採用率持續增長，前1%的“AI高級用戶”企業人均月投入達7500美元，雖低於軟件工程師約16000美元月薪，但AI支出高速增長引發算力與人力成本結構討論。英偉達高管此前指出計算成本已超過人力，凸顯AI投資對傳統薪酬模式的潛在衝擊。
OpenAI與芯片公司Cerebras達成新協議，未來三年將支付超200億美元購買其服務器算力，並可能獲得股權。此前雙方已有合作，今年1月OpenAI計劃三年內採購價值超100億美元的計算能力。新協議規模更大，OpenAI還將提供約10億美元資助Cerebras開發數據中心，未來三年總支出或達300億美元。
Anthropic
$21
輸入tokens/百萬
$105
輸出tokens/百萬
200
上下文長度
Iflytek
$2
-
Baichuan
4
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