媒体消息显示，OpenAI因应激烈的人工智能（AI）领域人才争夺战而大幅提升员工薪酬，其股权激励 成本已达到惊人水平，让现有投资者面临营利性子公司重组后股权进一步被稀释的威胁。 据美东时间7月7日周一的媒体报道，OpenAI向投资者透露，去年公司的股权激励支出飙升逾五倍至44 亿美元，占同期营业收入的119%。OpenAI预计，今年股权激励占营收的比例将降至45%，到2030年 末，股权薪酬占比会降至10%以下。 不过，上述预测是在OpenAI遭遇Meta大规模挖角行动之前做出的，实际成本可能更高。上述媒体提 到，在最近被Meta挖走至少九名研究人员后，OpenAI的首席研究官Mark Chen暗示，公司可能进一步加 大股权激励力度。 OpenAI高昂的人才成本凸显了AI实验室为吸引和留住关键人才所付出的代价，也揭示了员工在公司重 组为公益公司后可能拥有的股权规模。 股权激励成本创科技行业新高 Mark Chen在给员工的内部备忘录中承认公司正在"重新校准薪酬"，并承诺采取"创造性方式来认可和奖 励顶尖人才"。他表示领导层将以前所未有的积极态度迎战这场人才争夺战。 股权稀释风险引发投资者担忧 Meta挖角行动 ...

Key Takeaways MSFT offers a full-stack data platform spanning storage, analytics and AI tools. Enterprise adoption of Fabric and OneLake highlights MSFT's growing platform traction. SNOW is deepening AI integration and expanding its unified data experience for enterprises.Snowflake (SNOW) and Microsoft (MSFT) are major players in the expanding cloud data platform market. Snowflake provides a scalable data warehouse with integrated AI and machine learning. Microsoft delivers a suite of data services on Azu ...

Key Takeaways AI reported more than 100% y/y revenue growth in Generative AI with 66 deployments across 16 industries. AI holds a patent on agentic AI with 100+ solutions deployed, targeting defense, government and manufacturing. AI stock up 41.2% in 3 months and trades at a discount, with narrowing projected losses through fiscal 2027.C3.ai, Inc. (AI) is doubling down on Generative and agentic AI, and the market is watching closely.In fiscal 2025, C3.ai showcased major momentum in its Generative and agen ...

证券研究报告 2025年07月07日 海外行业报告：行业动态研究 分析师 孔蓉 SAC执业证书编号：S1110521020002 分析师 李泽宇 SAC执业证书编号：S1110520110002 分析师 樊程安吉 SAC执业证书编号：S1110524080001 分析师 杨雨辰 SAC执业证书编号：S1110521110001 分析师 刘诗雨 SAC执业证书编号：S1110524120001 请务必阅读正文之后的信息披露和免责申明 1 摘要 首批英伟达GB300服务器交付，Oracle宣布300亿美元订单 全球AI周报 作者： ◼ 重点公司财报AI进展 ◼ 全球AI动态： ◼ 投资建议： 请务必阅读正文之后的信息披露和免责申明 2 ➢ O racle：宣布300亿美元订单，与OpenAI扩大"星际之门"协议，将在美增建数据中心。OracleCEO最新声明明确表示，公司在新的财年（FY26）有了一个"强劲的开端"，多云数据库 （MultiClouddatabase）收入持续以超过100%的速度增长，公司近期签署了多个大型云服务协议，其中一份协议预计将从FY28财年开始，每年贡献超过300亿美元的收入。 ➢ Co ...

图片来源： Anthropic Open AI 和 Anthropic 虽然价格不菲，但这两家模型制造商正快速成长，并利用其主导地位向应用领 域扩张。 • Anthropic年化40亿、OpenAI 120亿美元，但估值仅15-25倍年化营收倍数，显著低于应用层公司 （如Perplexity 116倍、Harvey 70倍） • OpenAI 和 Anthropic这两家公司， 应用领域的未来增长可能冲击估值过高的竞争对手 • 模型商虽增速快，但市场担忧其持续烧钱能力（如Meta开源Llama的冲击） 人工智能领域没有便宜货可捡。 投资者刚刚向成立仅五个月的 Mira Murati's Thinking Machines Lab 注资 20 亿美元，这家机构既无产品，收入也微乎其微。 但若仔细观察，仍能发现价值所在。纵观 AI 领域，通过聚焦估值、增长率和营收数据，可以区分合 理价值与泡沫，甄别出可能成功的企业与那些难以满足投资者过高期望的公司。 行业赢家是两家最知名的 AI 模型开发商—— OpenAI 和 Anthropic 。它们与业内其他公司的区别在 于惊人的增长速度 。 据 The Informat ...

The artificial intelligence boom has kicked into high gear.Snowflake is one of the companies leading the AI movement. Its cloud-based platform includes AI Data Cloud, which enables customers to consolidate data to drive meaningful business insights, build related applications, and solve complex business problems.The stock is displaying relative strength and hitting a series of 52-week highs. Recent price movement is a sign of strength as we head further into 2025. Increasing volume has attracted investor at ...

You're bullish. We We know it. The viewers and listeners know it, too.The question becomes, after a run like we've seen since the Liberation Day lows, what can we expect from technology, has it already been drawn forward. I don't think so. I think we're just beginning this golden age for tech.And the reason I think tech stocks are up 10 to 15% in the second half of the year because the second, third, fourth derivatives of AI, they're just starting to play out. I mean when you look across software, you look ...

Snowflake (SNOW) FY 2025 Annual General Meeting July 02, 2025 12:00 PM ET Speaker0 Twenty twenty five Annual Meeting of Stockholders. I would like to introduce our presenter, Mr. Sreedhar Ramaswamy, Snowflake's Chief Executive Officer and the Chairperson of today's meeting. Mr. Ramaswamy, I'll turn the meeting over to you. Speaker1 Thank you. The meeting will now officially come to order. The time is now 9AM Pacific on Wednesday, 07/02/2025, Speaker2 and the polls are open for voting on all matters to be pr ...

Palantir (PLTR -4.09%) stock has been one of the top performers in 2025. In the first half of the year, its stock has soared around 90%. That's fantastic news for Palantir shareholders, but they must ask the question: Has Palantir's business performed well enough to warrant that rise? Judging from its finances and stock valuation, that answer would be a resounding no. The reality is that Palantir's fundamentals don't support its current price tag, and investors need to be cautious holding onto shares at the ...

Core Insights - Snowflake Inc (NYSE:SNOW) stock has experienced a 3.1% decline, trading at $216.90, marking its worst single-day percentage loss since April, despite recently achieving its best quarter on record and reaching a 52-week high of $225.68 on June 25 [1] - The stock is currently showing a historically bullish signal, suggesting that the recent decline may be temporary [1] Volatility and Performance - The recent peak in Snowflake's stock price coincides with low implied volatility, indicated by a Schaeffer's Volatility Index (SVI) of 29%, which is in the 2nd percentile of annual readings [2] - Historically, similar conditions have led to a 6.2% increase in the stock price one month later, which could potentially push SNOW above $230 for the first time since February 2024 [2] Options Market Sentiment - Options traders are exhibiting a bullish sentiment, as evidenced by a 10-day call/put volume ratio of 4.19 at major exchanges, ranking higher than 90% of readings from the past year [5]