文 | 穆胜 硅谷科技巨头的大裁员已经不是什么新鲜事，但他们最近的一系列行动，却格外引人关注。在这些果决 的行动背后，我看到的是组织逻辑的颠覆性变化。 01 巨头挥动裁员镰刀 根据硅谷商业周刊（Silicon Valley Business Journal）的报道显示，2025年截至10月份，美科技企业裁员 已经超过184,000人。 英特尔裁员33900人，微软裁员19215人，埃森哲则裁员11000人，IBM裁员9000人，Salesforce裁员5000 人，亚马逊裁员5555人，意法半导体裁员5000人，Meta裁员3720人。除了上述科技巨头之外，其余科 技企业也是举起了裁员镰刀，动作之大，让人侧目。 英特尔[INTC] 2025-11-03 23:31 5PMA = 10PMA = 20PMA = 30PMA = 68.992 62.061 55.130 48.200 41.269 34.338 27.408 20.477 13.546 2021 2022 2017 微软 [MSFT] 2025-11-03 23:34 5PMA = 10PMA = 20PMA = 30PMA = 591.067 ...

Core Insights - OpenAI has committed to invest over $1.5 trillion in the coming years, addressing skepticism regarding its financial capabilities and growth potential [2][5] - The company has raised approximately $47 billion through venture capital in the past year, with a valuation reaching around $500 billion [2] - OpenAI has signed over $1 trillion in agreements this year, partnering with major companies like AMD, NVIDIA, Oracle, CoreWeave, Broadcom, Microsoft, and Amazon AWS [2][5] Investment Agreements - Oracle signed a $300 billion cloud services agreement with OpenAI as part of the $500 billion "Stargate" initiative, with SoftBank also participating in the funding [2] - OpenAI and CoreWeave established a partnership worth $6.5 billion, building on previous agreements totaling $22 billion [2][3] - A strategic partnership with NVIDIA involves an investment of up to $100 billion to support the deployment of at least 10 gigawatts of NVIDIA systems [2] Infrastructure Development - OpenAI and AMD reached a $300 billion agreement for a 6-gigawatt infrastructure powered by AMD Instinct GPUs, with AMD expected to receive over $100 billion in chip orders [3] - OpenAI and Broadcom are collaborating to develop custom AI accelerators for a 10-gigawatt data center, with total investment projected at $500 billion [3] - OpenAI has signed a new agreement with Microsoft, granting Microsoft a 27% stake in OpenAI valued at approximately $135 billion, while OpenAI commits to purchasing $250 billion in Azure services [4] Market Position and Future Outlook - OpenAI's annual revenue is approximately $13 billion, leading to questions about its ability to sustain such large investments, which CEO Sam Altman addressed with confidence in the company's growth [5] - The company is diversifying its revenue streams through various products, including ChatGPT, enterprise API services, and cloud business [5] - Speculation about OpenAI's potential IPO is increasing, with reports suggesting a valuation of around $1 trillion [5][6]

Core Insights - Microsoft Azure experienced a significant global outage on October 29, 2025, affecting numerous services and users worldwide [6][10][18] - The outage coincided with the release of Microsoft's Q1 FY2026 earnings report, which showed a 40% year-over-year revenue growth for Azure and other cloud services, marking it as the fastest-growing segment [8][10] - The incident raised concerns about the centralized risks associated with cloud services, as both AWS and Azure faced outages within a short timeframe, highlighting systemic vulnerabilities in the industry [29][30][32] Summary by Sections Outage Details - The outage began at 16:00 UTC and was expected to last until 23:20 UTC, totaling nearly 9 hours [6][26] - Downdetector reported thousands of outage reports from various regions, indicating the widespread impact of the incident [2] Affected Services - Key services impacted included Azure Active Directory, Azure SQL Database, and Microsoft 365 applications, among others, affecting both Microsoft’s core services and third-party applications [11][10] - Major companies like Alaska Airlines and healthcare institutions in Quebec reported service disruptions due to the Azure outage [13][15] Cause of the Outage - The outage was traced back to an accidental configuration change in Azure Front Door, which disrupted content delivery and caused downstream service failures [18][19] - Microsoft halted all new configuration changes to prevent further issues and began deploying a known stable configuration [22] Industry Implications - The recent outages at both AWS and Azure have intensified discussions about the risks of cloud service centralization, with experts warning that such incidents could lead to significant financial losses for businesses [30][32] - The need for improved resilience in cloud infrastructure has been emphasized, suggesting that companies should consider redundancy and multi-cloud strategies to mitigate risks [32]

每经AI快讯，有投资者在投资者互动平台提问：公司有无入股微软，或者openAI？ 万马科技（300698.SZ）11月4日在投资者互动平台表示，公司暂未入股微软或openAI。 （记者 王瀚黎） ...

衡宇 发自 凹非寺 量子位 | 公众号 QbitAI 你敢想， 微软堆成山的GPU，只能在库房里吃灰 ？ 在最新播客节目BG2中，微软CEO纳德拉亲口承认公司正面临一个前所未有的尴尬：微软手 上有成堆的GPU，却 因为缺电、缺空间 ，只能闲置在那儿。 但最大的问题不是算力过剩的现状—— 最大的问题不是芯片供应，而是供电能力，以及我们能否足够快地建成靠近电源的数据 中心。 如果做不到，你就会有一堆芯片只能躺在仓库。 微软缺电，大量GPU闲置 在微软内部，大量英伟达AI芯片被闲置。 不是因为算力已经足够或者"过剩"了，而是现在的基础设施不足以支撑这些芯片运行起来。 一是因为缺乏电力。 二是因为缺少可以立马投入使用的数据中心—— 也就是纳德拉口中的"warm shells"，即已 经建好、具备足够供电与冷却能力的机房外壳。 这并不是他第一次对外谈及微软的烦恼。 去年，当被问及微软在2024年是否仍然受到英伟达芯片的供应限制时，纳德拉是这么说的： 我们受到的是电力限制，而不是芯片供应限制。 到了今年，这似乎成为了所有大模型巨头们共同面临的问题。 奥特曼 也在同期讨论中提到，行业面临的总体挑战不仅仅是算力问题，更多还有 ...

Core Insights - Microsoft CEO Satya Nadella announced that the company may restart hiring within the next year, contingent on existing employees learning to collaborate with artificial intelligence [1] - Employees are required to master skills such as issuing precise commands to AI, reviewing and optimizing AI outputs, and focusing more on strategic decision-making, creative thinking, and solving complex problems [1] - Microsoft has heavily invested in AI over the past year and has conducted multiple rounds of layoffs, the most recent being in July, where approximately 9,000 employees were laid off [1] - The current workforce of Microsoft stands at 219,000 employees [1]

美国东部时间11月3日，AI（人工智能）创业公司OpenAI与全球最大云计算服务商亚马逊AWS宣布建立战略合作伙伴关系。 亚马逊AWS CEO马特·加曼（Matt Garman）表示，随着OpenAI不断突破AI技术的极限，亚马逊AWS一流的基础设施将成为其AI雄心的坚实后盾。亚马逊 AWS提供的计算资源覆盖面广、即时可用，在支持OpenAI庞大的AI工作负载方面拥有独特优势。 这次合作的重要意义是，这是OpenAI和微软解除"独家绑定"关系后签下的第一份大单。亚马逊AWS借机瓜分了微软Azure的这个大客户。要知道， OpenAI一年对Azure的收入贡献超过10%（详见《微软、OpenAI同盟生变，亚马逊、Anthropic如何反击？》）。 这也意味着，未来几个季度，亚马逊AWS的业绩将因此受益。财报显示，2024年亚马逊AWS营收1076亿美元，同比增长18.5%。2025年，随着生成式AI浪 潮落地加速，亚马逊AWS的营收增长还在加快。2025年三季度，亚马逊AWS营收330亿美元，同比增长20.2%。这一增速是三年来（2022年四季度至今） 的最高点。 投资者对这一交易表达了乐观情绪。截至美国东部时 ...

Core Viewpoint - Microsoft is facing an unprecedented issue with a surplus of GPUs that are idly stored due to a lack of power and space, rather than a shortage of chip supply [1][3][4]. Group 1: Power and Infrastructure Challenges - The primary challenge is not the surplus of computing power but the insufficient power supply and the inability to quickly build data centers close to power sources [2][4]. - Microsoft has a significant number of Nvidia AI chips that are currently unused due to power shortages and a lack of ready-to-use data centers, referred to as "warm shells" [3][6]. - The overall demand for electricity has surged in the past five years, driven by the rapid expansion of AI and cloud computing, outpacing utility companies' capacity to meet this demand [15][16]. Group 2: Industry Response and Future Outlook - Data center developers are increasingly opting for "behind-the-meter" power solutions to bypass public utilities and address energy shortages [17]. - Despite efforts to increase power supply, the construction pace of data centers and cooling systems is lagging behind actual demand [18][20]. - There are concerns that if AI demand slows down, the investments in power plants and storage projects may become underutilized [22]. Group 3: Strategic Shifts in Chip Production - Microsoft has decided not to hoard single-generation GPUs due to the risk of depreciation if the chips cannot be powered in time [30][32]. - The industry is shifting focus from peak performance to energy efficiency, as companies now prioritize the most energy-efficient chips due to power constraints [39]. - The CEO of Microsoft has called for an increase in annual power generation capacity by 100 gigawatts, viewing it as a strategic asset for AI [28]. Group 4: Investment and Market Dynamics - Microsoft has received approval to export Nvidia chips to the UAE for building data centers necessary for AI model training, indicating a shift of AI infrastructure to energy-rich emerging markets [41][43]. - The company plans to invest $8 billion over the next four years in the Gulf region for data centers, cloud computing, and AI projects, highlighting the region's financial and energy advantages [42][43].

人工智能竞赛的焦点正从算力转向电力。科技行业领袖们承认，他们正努力应对一个根本性的不确定 性：未来的人工智能究竟需要消耗多少能源。 微软首席执行官Satya Nadella近期参加"BG2"播客节目时透露，当前限制公司发展的最大问题已非芯片 短缺。Nadella表示："我们现在面临的最大问题不是算力过剩，而是电力……以及能否足够快地在靠近 电源的地方建成数据中心。" Nadella直言，这种脱节已导致微软出现芯片积压的窘境。"你可能会有一堆芯片闲置在库存里，因为我 无法把它们接入电源。事实上，这就是我今天面临的问题。"他补充说，问题不在于芯片供应，而在于 缺乏可以随时入驻并通电的"暖壳"（warm shells）数据中心。这一表态清晰地揭示了，物理世界的基础 设施建设速度已远远落后于数字世界的算力扩张。 与Nadella一同参与播客的OpenAI首席执行官Sam Altman也强调了这种不确定性带来的战略两难。他认 为，整个行业正处在一场巨大的能源赌注中，而结果无人知晓。 瓶颈转移：从芯片到电力 长期以来，市场普遍认为获取先进的图形处理器（GPU）是部署人工智能服务的最大障碍。然而， Nadella的言论证实 ...

Core Insights - Amazon has signed a significant $38 billion deal with OpenAI to enhance its cloud computing capabilities, marking the first collaboration between the two companies [1] - This partnership is particularly noteworthy as OpenAI is partially owned by Microsoft, a major competitor of Amazon in the cloud services market [1][4] Group 1: Competitive Landscape - OpenAI has previously lacked the flexibility to partner with various cloud providers, but this deal with Amazon signifies a shift in strategy [3] - Amazon's need for prominent clients like OpenAI is crucial for strengthening its AWS strategy, especially as it competes with Microsoft Azure [3][6] - Microsoft has invested $13 billion in OpenAI, achieving a tenfold return on that investment, while Amazon has invested $8 billion in OpenAI's rival, Anthropic [5] Group 2: Cloud Computing Dynamics - Both Microsoft and Amazon are positioning themselves as the cloud backbone for AI startups, leveraging their computing power to support these companies [6] - OpenAI is diversifying its cloud partnerships, utilizing services from Google, Microsoft, and Amazon due to the high demand for computing resources [7][8] - Amazon is focused on attracting more AI customers to its cloud services, rather than developing its own AI chatbot [8] Group 3: Technology and Infrastructure - OpenAI currently relies exclusively on Nvidia GPUs for its operations, having previously signed a deal with Google Cloud [9] - Amazon is constructing new data centers specifically for OpenAI, similar to its efforts for Anthropic, which may allow for the integration of various chip technologies [10]