在人工智能等新科技领域竞争日趋激烈的情况下，提振民间投 资的政策应该进一步调整着力点，合理设置"红绿灯"，让敢 投、能投、愿投的企业，挑起新增投资的大梁，成为在新科技 赛场上实现突破的关键力量。 作者：宋笛 封图：图虫创意 尽管美国AI（人工智能）投资是否存在泡沫还有待时间检验，但一个事实是：AI驱动的巨量投资， 已对美国宏观经济产生了显著影响。 2025年前两个季度，投资对美国GDP的贡献升至每季度年化1个百分点，创下2023年以来的最高 水平。美国经济的"三驾马车"中，消费长期占据主导地位，而2025年AI带动的投资，少见地让投 资对GDP增长贡献率逼近消费。这些投资主要投向了数据中心和相应设备领域。 主导这一轮投资的是美国头部企业。2025年第二季度，美股"七姐妹"（ 苹果、微软、英伟达、 亚马逊、谷歌母公司Alphabet、Meta和特斯拉）的资本开支规模近1000亿美元，较三年前同期 规模翻倍，年增速接近65%。预计2025年全年，美国科技巨头的资本开支将达到5000亿美元。 摩根士丹利预测，从2025年至2028年，全球数据中心支出将接近3万亿美元，其中1.4万亿美元 来自科技巨头。 这俨然是一个 ...

11月21日，美股多只芯片、科技概念股盘前走低，英伟达跌幅一度扩大至3%。截至北京时间20:24，英伟达、台积电跌超2%、英特尔、AMD跌超1%。其 他热门科技股也普跌，特斯拉跌近0.5%，脸书跌近1%。 | 名称 品 E | 现价 | 涨跌幅 →▶ | | --- | --- | --- | | 超威半导体(AMD) | 206.020 | -7.84% | | US AMD | 202.160 | -1.87% 盘前 | | 英特尔(INTEL) | 33.620 | -4.24% | | US INTC | 33.120 | -1.49% 盘削 | | 英伟达(NVIDIA) | 180.640 | -3.15% | | US NVDA | 176.290 | -2.41% 盘前 | | 亚马逊(AMAZON) | 217.140 | -2.49% | | US AMZN | 216.500 | -0.29% 盘前 | | 特斯拉(TESLA) | 395.230 | -2.17% | | US TSLA | 393.350 | -0.48% 盘前 | | 台积电 | 277.500 | -1.72% ...

释放的避险信号部分导致了股市暴跌，市场对估值过高的担忧以及周五期权到期前波动率上升的因素也被提及。 加密货币方面再次集体大跳水。比特币跌破81000美元关口。截至北京时间20:30，比特币报80685美元/枚，跌超12%。其他主要币种方面，以 太坊跌超12%， SOL币跌超14%， 狗狗币跌超15%。 过去24小时，全网超42万人被爆仓，爆仓总金额超21亿美元。 记者丨金珊 编辑丨江佩霞 11月21日，美股多只芯片、科技概念股 盘前 走低，英伟达跌幅一度扩大至3%。截至北京时间20:24，英伟达、台积电跌超2%、英特尔、 AMD跌超1%。其他热门科技股也普跌，特斯拉跌近0.5%，脸书跌近1%。 | 名称 글 E | 现价 | 涨跌幅 ▲▶ | | --- | --- | --- | | 超威半导体(AMD) | 206.020 | -7.84% | | US AMD | 202.160 | -1.87% 盘前 | | 英特尔(INTEL) | 33.620 | -4.24% | | US INTC | 33.120 | -1.49% 盘前 | | 英伟达(NVIDIA) | 180.640 | -3.15% ...

Core Insights - Amazon's recent workforce reduction has significantly impacted various segments of the company, particularly in engineering roles, which have been the most affected category [1] Group 1: Workforce Reduction - The layoffs were announced last month and have reshaped large parts of the company, indicating a strategic shift in operations [1] - The affected areas include cloud services, demonstrating a focus on optimizing resources in key business units [1]

Core Insights - Amazon announced over 14,000 layoffs, significantly impacting engineering roles, which accounted for nearly 40% of the cuts in certain states [2][3][4] - The layoffs are part of a broader trend in the tech industry, with nearly 113,000 job cuts across 231 companies as businesses adjust post-COVID [4] - CEO Andy Jassy aims to transform Amazon's corporate culture to be more agile and less bureaucratic, with further job reductions expected in January [5][6] Layoff Details - The layoffs affected various job categories, with over 500 product and program managers eliminated, representing more than 10% of the total cuts [11] - The gaming division faced significant reductions, particularly in game design and production roles, with a halt on big-budget game development [13][15] - Amazon's online advertising sector also saw cuts, with over 140 roles eliminated, accounting for about 20% of the positions cut in New York [16] Strategic Shifts - Amazon is reallocating resources to invest more in AI, which is expected to reshape its workforce and improve efficiency [6][8] - The company is focusing on reducing organizational layers to enhance speed and innovation, despite AI not being the primary driver of the layoffs [8][9] - Recent years have seen Amazon curtail investments in unprofitable initiatives, including telehealth services and certain retail chains [12]

Core Insights - Big tech firms are increasingly turning to public debt markets to finance AI-related investments, marking a shift from their traditional reliance on cash [1][14] - The surge in public bond issuance has raised concerns about the market's capacity to absorb this new supply, contributing to a pullback in U.S. stock prices [2][14] - Analysts indicate that while debt levels are rising, major tech companies remain lightly leveraged compared to their earnings [1][11] Debt Issuance Trends - Hyperscaler debt issuance has exceeded $120 billion in 2023, a significant increase from an average of $28 billion over the past five years [3][14] - Major companies involved include Alphabet ($25 billion), Meta ($30 billion), Oracle ($18 billion), and Amazon ($15 billion) [14] - The recent financing activities are seen as necessary to support the capital expenditures required for AI infrastructure [3][14] Market Reactions - Demand for tech bond deals has been strong, but investors are requiring higher premiums to absorb the new securities [8][15] - U.S. investment-grade credit spreads have increased slightly, reflecting concerns over the influx of new bond supply [9][15] - Despite the rise in debt, the overall leverage of these companies is expected to remain below 1x, indicating a manageable debt level relative to earnings [11][15] Future Projections - AI capital expenditure is projected to reach $600 billion by 2027, with net debt issuance expected to hit $100 billion in 2026 [6][14] - Analysts suggest that supply constraints or investor appetite may limit near-term capital expenditures more than cash flow or balance sheet capacity [12][15] - The top hyperscalers are anticipated to maintain a strong cash flow position, allowing them to absorb additional debt safely [12][15]

澳大利亚更新16岁以下人群社媒禁用名单 中新社悉尼11月21日电 澳大利亚政府21日宣布将直播平台推趣(Twitch)列入16岁以下人群社交媒体禁用 名单。 推趣是亚马逊公司旗下的直播平台，内容以游戏为主，同时包括音乐、体育、实时聊天室等。 澳大利亚电子安全专员办公室(eSafety Commissioner)当天发表声明称，根据澳大利亚"社交媒体最低年 龄法"(Social Media Minimum Age legislation)，推趣被评估为"限制使用年龄的社交媒体平台"，理由是该 平台包括直播在内的功能旨在鼓励用户互动，在线社交互动是其"唯一或主要目的"。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 2024年11月，澳大利亚议会通过《2024网络安全(社交媒体最低年龄)修正案》，禁止16岁以下人群使用 脸书、X、照片墙等社交媒体平台。视频网站优兔(YouTube)起初得到豁免，后也被列入禁用名单。 该法案是全球首个社交媒体年龄限制法，将于今年12月10日正式生效。(完) 来源 ...

Core Insights - Major cloud and AI infrastructure providers, or hyperscalers, could hold over $2.5 trillion in AI assets by 2030, with an estimated annual depreciation expense of around $500 billion due to a typical 20% depreciation rate [1][2] - This level of depreciation is projected to exceed the combined profits of these companies for 2025, raising concerns about the sustainability of current AI investment levels [2] - Investor optimism regarding Nvidia's strong earnings is being tempered by concerns over high valuations of AI companies and the rapid investment pace by major tech firms in data centers for generative AI [3] Group 1 - Hyperscalers may face significant depreciation expenses, estimated at $500 billion annually by the end of the decade [1] - The depreciation could surpass projected profits for 2025, indicating potential challenges in sustaining AI investments [2] - The recent volatility in tech stocks, including a 2.2% drop in the Nasdaq Composite, reflects investor concerns about the AI sector [3] Group 2 - The AI arms race may impose a heavier accounting burden than anticipated, as highlighted by Berezin's projections [5] - There are mixed opinions among investors regarding the sustainability of spending on AI, with some suggesting that companies may need to adapt their strategies to manage depreciation impacts [4]

Suddenly, your friend, your cousin, your favourite YouTuber, that girl on Instagram with perfect eyeliner, and that guy on Shorts who reviews T-shirts for a living. They are all unofficial personal shoppers for millions. And India’s biggest digital giants are leaning all the way in.Welcome to the era of creator-led commerce, where the “Add to Cart” button is increasingly powered by someone’s charm, camera, and ring light.According to BCG’s From Content to Commerce: Mapping India’s Creator Economy report, I ...

强强联合 借助AI赋能用户体验创新升级 作为亚马逊云科技的重要合作伙伴，汉得信息一直以来与亚马逊云科技保持紧密合作，为企业AI普惠化提供全面的数字化保障。 在亚马逊云科技AI赋能用户体验创新升级的演讲中，亚马逊云科技零售消费品行业拓展总监沈倩介绍道，汉得是一家拥有超过20年企业数字化转型能力 的提供商，可以为企业跨境业务提供全面数字化产品及AI解决方案，和全球范围的实施服务能力。而亚马逊云科技连续14年被Gartner评为"战略云平台 服务魔力象限领导者"，为客户提供极为广泛和深度的云计算服务功能集，旗下产品Amazon Bedrock方便企业进行模型选择，定制和集成，极大简化生成 式AI应用的构建和部署。 双方强强联合，为跨境企业提供端到端的业务支撑，并在多个具体场景上应用AI技术提升企业生产力，增强企业竞争力。 重磅发布 3月21日，主题为"自强不息，智达高远"的2025汉得用户大会在西安圆满落幕，众多参会者亲赴现场，共商企业未来数智化大计。亚马逊云科技作为合作 伙伴受邀出席会议，参与到赋能未来增长的"营销驱动力"的专题演讲当中，与业界同仁一起聚焦"AI赋能"和"场景创新"，展示团队在消费者增长、用户体 ...