来源：@中国经营报微博 【#孙正义清仓英伟达套现415亿#元 ，#孙正义称哭着卖出英伟达#】软银集团创始人孙正义在11月清仓 英伟达后首次置评："我一股也不想卖的，只是更需要资金来投资OpenAI和其他项目，我是哭着卖出英 伟达股票的。" 孙正义表示，若公司拥有无限的资金来支持其在人工智能领域的下一轮投资，包括对 OpenAI的大额押注，那么他本不会卖出英伟达的股份。软银集团于11月11日发布的业绩报告显示，其 持有的3210万股英伟达股票（含资产管理子公司持股）已于2025年10月以58.3亿美元（约合人民币415 亿元）价格售出。同时，软银还与OpenAI签署了修订协议，承诺将追加投资225亿美元（约合人民币 1602亿元），将于12月通过愿景基金2完成全部投资。事实上，在软银清仓英伟达的当月，包括华尔街 知名"空头"迈克尔·伯里、硅谷"风投教父"彼得・蒂尔、桥水基金等知名投资者和机构都在三季度对英 伟达进行了减持或清仓。（《每日经济新闻》） ...

12月1日，软银集团创始人孙正义首次就清仓英伟达作出公开回应，并谈及对"AI泡沫论"的看法。 孙正义表示，若公司拥有无限的资金来支持其在人工智能领域的下一轮投资，包括对OpenAI的大额押 注，那么他本不会卖出英伟达的股份。 孙正义说："如果可以的话，我一股英伟达都不想卖。我只是更需要钱去投OpenAI和其他项目。卖英伟 达的时候，我是哭着卖的。" 孙正义还表示，谈论人工智能投资泡沫的人"不够聪明"。他指出，如果人工智能长期来看能创造全球 GDP的10%，那么即使累计投入数万亿美元，也完全值得。"泡沫在哪里？"他问道。 来源：中国基金报、智通财经 2025.12.02 本文字数：369，阅读时长大约1分钟 （注：我们会对线索进行核实。您的隐私将严格保密。） 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com 微信编辑| 七三 ...

来源：中国基金报、界面新闻 微信编辑 | 七三 2025.12. 02 本文字数：369，阅读时长大约1分钟 12月1日，软银集团创始人孙正义首次就清仓英伟达作出公开回应，并谈及对"AI泡沫论"的看法。 孙正义表示，若公司拥有无限的资金来支持其在人工智能领域的下一轮投资，包括对OpenAI的大额 押注，那么他本不会卖出英伟达的股份。 孙正义说："如果可以的话，我一股英伟达都不想卖。我只是更需要钱去投OpenAI和其他项目。卖 英伟达的时候，我是哭着卖的。" 孙正义还表示，谈论人工智能投资泡沫的人"不够聪明"。他指出，如果人工智能长期来看能创造全 球GDP的10%，那么即使累计投入数万亿美元，也完全值得。"泡沫在哪里？"他问道。 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 万科突发公告，一笔境内债将寻求展期 ...

这是孙正义对软银清仓英伟达全部持股的首次回应。他表示，公司需要资金建设数据中心，并推动多项 AI相关投资。"卖英伟达的时候我都快哭出来了。"孙正义表示。 对于外界反复提到的"AI投资泡沫"，孙正义直接驳斥，称这种说法"不够聪明"。他指出，如果AI未来能 贡献全球GDP的10%，即便投入以万亿美元计，也远不算泡沫。 此前，在11月11日发布的财报上，软银集团表示，已经全部卖出持有的英伟达股票，合计约3210万股， 总价值约58.3亿美元。 经济观察网 据证券时报消息，当地时间12月1日，日本软银集团创始人孙正义举行的东京FII Priority Asia论坛上首次回应清仓英伟达。软银集团创始人孙正义坦言，如果软银在推进AI计划时能有"无限的 资金"，那么自己根本不会卖掉英伟达的股票，只是为了大力投资OpenAI等一系列项目，才不得不割 爱。 ...

这是孙正义首次就11月份软银意外披露的清仓英伟达之举置评，他同时驳斥了关于人工智能投资泡沫的 说法。他周一在东京的一个论坛上表示，软银那么做只是因为需要募集资本来为数据中心建设等项目供 资。孙正义表示，"我一股也不想卖的，只是更需要资金来投资OpenAI和其他项目，我是哭着卖出英伟 达股票的。" 本文源自：格隆汇 12月1日，软银集团创始人孙正义表示，若公司拥有无限的资金来支持其在人工智能领域的下一轮投 资，包括对OpenAI的大额押注，那么他本不会卖出英伟达的股份。 ...

Core Viewpoint - SoftBank's founder Masayoshi Son expressed regret over selling Nvidia shares, stating that if the company had unlimited funds for AI investments, including a significant bet on OpenAI, he would not have sold [1][3]. Group 1: Investment Decisions - SoftBank sold all its Nvidia shares for $5.83 billion in October, primarily to raise capital for projects like data center construction [3]. - The company plans to invest an additional $22.5 billion in OpenAI through its Vision Fund 2 by December [3]. Group 2: AI Investment Perspective - Son dismissed claims of an AI investment bubble, arguing that if AI can contribute 10% to global GDP in the long run, the investment of trillions of dollars would be justified [3]. - He criticized those discussing an AI investment bubble as "not smart enough," emphasizing the potential long-term benefits of AI investments [3]. Group 3: Strategic Partnerships - SoftBank is doubling down on AI through various initiatives, including a partnership with Hon Hai Precision Industry to build the "Star Gate" data center and acquiring Ampere Computing LLC, a U.S. chip design company [3].

据智通财经，日前，软银集团创始人孙正义表示，若公司拥有无限的资金来支持其在人工智能领域的下 一轮投资，包括对OpenAI的大额押注，那么他本不会卖出英伟达的股份。 值得一提的是，这是孙正义在11月清仓英伟达后的首次置评。孙正义表示，"我一股也不想卖的，只是 更需要资金来投资OpenAI和其他项目，我是哭着卖出英伟达股票的。" 此前，软银集团于11月11日发布业绩报告。报告显示，其持有的3210万股英伟达股票（含资产管理子公 司持股）已于2025年10月以58.3亿美元（约合人民币415亿元）价格售出。 英国央行和国际货币基金组织（IMF）相继警告，AI概念股的市值飙升至"与互联网泡沫高峰时期相似 的水平"。目前，美国市值最高的五大公司合计占据标普500指数总市值的30%，为半个世纪最高集中 度。以调整后盈利指标计算，这些股票的估值已是自2000年以来最极端的水平。 此外美国银行此前发布的10月全球基金经理调查显示，随着人工智能概念股今年持续的强劲上涨，全球 基金经理对AI泡沫的担忧正上升至空前水平，54%的受访者认为人工智能概念股已进入泡沫区域。 尽管有多家机构减持，并对AI泡沫表示担忧，但仍有不少机构秉持着 ...

同时，软银还与OpenAI签署了修订协议，承诺将追加投资225亿美元（约合人民币1602亿元），将于12月通过愿景基金2完成全部投资。 彼时，软银首席财务官后藤芳光在财报说明会上表示："由于对OpenAI的投资规模较大，因此通过（出售股票）来筹集资金并加以运用"。 事实上，在软银清仓英伟达的当月，包括华尔街知名"空头"迈克尔·伯里、硅谷"风投教父"彼得・蒂尔、桥水基金等知名投资者和机构都在三季度对英伟 达进行了减持或清仓。 每经编辑｜许绍航 据智通财经，日前，软银集团创始人孙正义表示，若公司拥有无限的资金来支持其在人工智能领域的下一轮投资，包括对OpenAI的大额押注，那么他本 不会卖出英伟达的股份。 黄仁勋与孙正义 图片来源：视觉中国（资料图） 值得一提的是，这是孙正义在11月清仓英伟达后的首次置评。孙正义表示，"我一股也不想卖的，只是更需要资金来投资OpenAI和其他项目，我是哭着卖 出英伟达股票的。" 此前，软银集团于11月11日发布业绩报告。报告显示，其持有的3210万股英伟达股票（含资产管理子公司持股）已于2025年10月以58.3亿美元（约合人民 币415亿元）价格售出。 | Michael Bu ...

Group 1: Generative AI Developments - DeepSeek has officially released versions V3.2 and V3.2-Speciale, with V3.2 achieving reasoning capabilities at GPT-5 level and significantly reduced output length suitable for daily use and general agent tasks [1] - V3.2-Speciale is an enhanced version for long reasoning, successfully winning gold medals in IMO 2025, CMO 2025, ICPC, and IOI 2025 by integrating theorem proving capabilities [1] - The new versions incorporate thinking into tool calls, constructing over 1,800 environments and 85,000 complex instructions through large-scale agent training data synthesis, greatly enhancing generalization capabilities [1] Group 2: Image Generation Technology - Vidu has launched the Vidu Q2 image generation suite, with upgraded features including text-to-image and image editing capabilities, producing results in as fast as 5 seconds and ranking in the top four of the global image editing leaderboard [2] - The Q2 suite allows for location referencing, action replication, instruction following, and scene switching while maintaining high consistency, supporting 4K output and arbitrary aspect ratio generation [2] - Memberships are available for free until December 31, with standard and professional members receiving a monthly limit of 300 images, while flagship members enjoy unlimited generation privileges [2] Group 3: ByteDance's New Assistant - ByteDance has released a preview version of the Doubao mobile assistant, aimed at smartphone manufacturers, capable of executing complex operations across applications such as price comparison for food delivery and auto-replying to messages [3] - The assistant features a dedicated physical button and voice activation, with screen awareness capabilities to automatically read chat context and generate replies [3] - ByteDance is in talks with multiple smartphone manufacturers, with a device featuring the Doubao assistant already launched at a price of 3,499 yuan [3] Group 4: Advertising in AI Applications - Developers discovered multiple advertising-related references in the ChatGPT Android app's beta code, including terms like "ads feature" and "search ads carousel" [4] - OpenAI's stance on advertising has shifted three times in a year, from viewing it as a "last resort" to a more accepting attitude [4] - HSBC estimates that OpenAI's operational costs for maintaining computational infrastructure could reach several hundred billion dollars annually, predicting continued losses exceeding 100 billion dollars by 2029 [4] Group 5: AI in Mathematics - The AI mathematician "Aristotle," developed by HarmonicMath, independently solved a simplified version of the Erdős problem 124 in just 6 hours, with verification in the Lean proof system taking only 1 minute [5][6] - This AI combines reinforcement learning, Monte Carlo tree search, and Lean formal language to explore millions of proof strategies, outputting 100% verifiable theorems, outperforming ChatGPT and Gemini [6] - Mathematician Terence Tao noted that AI is currently addressing the "low-hanging fruit" in mathematics, allowing human mathematicians to focus on more significant challenges [6] Group 6: Automation and Workforce Impact - A McKinsey report indicates that existing technology could theoretically automate 57% of work hours in the U.S., with agents taking 44% and robots handling 13% [7] - The report categorizes jobs into seven archetypes, predicting that 25% to 33% of the most sought-after skills will be automated in the future [7] - By 2030, redesigning workflows to allow agents to handle cognitive tasks and robots to manage physical tasks could release approximately 2.9 trillion dollars in economic value annually in the U.S. [7] Group 7: AI Companies' Pricing Strategies - Stripe's analysis reveals that about 80% of the top 10% fastest-growing AI companies utilize tiered pricing, with a likelihood of usage-based pricing nearly double that of other companies [8] - High-growth companies often offer at least 10 SKU product units, actively expanding into global markets and supporting local currency transactions to enhance conversion rates [8] - These companies are quick to respond to market demand changes, offering situational discounts and flexibly adjusting monetization models and pricing strategies based on user preferences [8] Group 8: Evolution of AI Technology - Since its launch on December 1, 2022, ChatGPT has evolved from an initial phase of wonder and hallucination to a period of multimodal capabilities and application explosion, significantly altering human production relationships [9] - The release of Google's Gemini 3 has shifted the competitive landscape, with Gemini's mobile app monthly active users increasing from 400 million to 650 million, surpassing ChatGPT in user engagement [9] - OpenAI's partners are shouldering nearly 100 billion dollars in debt, while OpenAI itself reportedly has minimal liabilities [9]

Core Viewpoint - SoftBank's founder Masayoshi Son expressed that the decision to sell all Nvidia shares was driven by the need to raise funds for AI investments, particularly in OpenAI, rather than a belief in an AI investment bubble [2][4]. Group 1: Sale of Nvidia Shares - SoftBank sold its entire stake in Nvidia, amounting to approximately 32.1 million shares, for a total value of about $5.83 billion [6]. - The sale occurred amid rising concerns in the market regarding AI investments, which triggered a chain reaction in the market [5]. - Son stated that he would not have sold Nvidia shares if the company had "unlimited money" for AI investments, indicating a strong desire to retain the investment [2][4]. Group 2: AI Investment Strategy - SoftBank is significantly increasing its AI-related investments, including partnerships for building data centers and acquiring companies like Ampere Computing [4]. - Son countered claims of an AI investment bubble by asserting that AI could generate returns equivalent to 10% of global GDP in the long term, making substantial investments worthwhile [4]. - The company plans to further increase its investment in OpenAI by the end of the year [4]. Group 3: Historical Context and Financial Impact - SoftBank initially invested $4 billion in Nvidia in 2017, acquiring nearly 5% of the company, but sold its shares in 2019, missing out on Nvidia's market value surge from $100 billion to $4 trillion [5]. - The recent sale of Nvidia shares was part of a broader strategy to fund new projects, including data center construction [2][5].