Group 1 - The core concern in the capital market is how OpenAI can meet the nearly unlimited computing power demand of ChatGPT while establishing a profitable business model [1] - HSBC predicts that by 2030, OpenAI's user base will cover 44% of the global adult population, yet the company will still struggle to achieve profitability [1] - To sustain its growth plans, OpenAI will need to invest an additional $207 billion in computing power over the next decade, driven by high infrastructure costs and increasing competition in the AI market [1] Group 2 - HSBC estimates that OpenAI will have a negative free cash flow of $207 billion by 2030, even if revenues could exceed $213 billion, which would still be insufficient to cover computing and data center leasing costs [2] - The future of OpenAI is closely tied to its investors and the AI industry chain, with Microsoft and Amazon being both partners and investors, while other companies like Oracle and NVIDIA will also be affected by OpenAI's performance [2] - Concerns about the sustainability of OpenAI's business model, market saturation of subscription services, regulatory pressures, and excessive capital requirements remain unresolved [2]
汇丰预测OpenAI到2030年难盈利，需再投2070亿美元
3 6 Ke·2025-11-28 06:11