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。
SpaceX最新财报显示，人工智能部门单季营收同比激增超三倍至26亿美元，首次超越航天发射业务，成为公司核心价值来源。受制于算力扩张与航天研发的高投入，公司整体仍处亏损。目前业务划分为航天、AI及星链三大板块。
MiniMax完成160亿港元（超20亿美元）融资，将投入AI基础设施、前沿模型研发与全球商业化扩张。本轮融资国际反响热烈，最终规模超出原计划的18亿美元。
AI竞争白热化之际，SpaceXAI与代码编辑器Cursor携手开发全新AI模型，最快今日发布。尽管SpaceX对Cursor的600亿美元收购尚未完成，双方开发团队已实质性合作，全力投入研发。
Anthropic
$105
输入tokens/百万
$525
输出tokens/百万
200
上下文长度
Tencent
-
24
Alibaba
$0.5
128
$3
$9
16
Bytedance
Minimax
$1.6
$16
1k
$1
8
Chatglm
$100
$5
Baidu
4
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