{"id":620312,"date":"2026-02-12T06:22:40","date_gmt":"2026-02-12T14:22:40","guid":{"rendered":"https:\/\/nai500.com\/?p=620312"},"modified":"2026-02-12T06:22:40","modified_gmt":"2026-02-12T14:22:40","slug":"softbank-9984-openai","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/02\/softbank-9984-openai\/","title":{"rendered":"SoftBank 9984 \u968f\u7740 OpenAI \u4f30\u503c\u63a8\u52a8\u5229\u6da6\u98d9\u5347"},"content":{"rendered":"

SoftBank Group \u7684\u80a1\u4ef7\u5728\u8be5\u96c6\u56e2\u516c\u5e03 10\u201312 \u6708\u5b63\u5ea6\u76c8\u5229 2,486 \u4ebf\u65e5\u5143\u540e\u6500\u5347\u81f3\u5386\u53f2\u9ad8\u70b9\uff0c\u8fd9\u662f\u5176\u8fde\u7eed\u7b2c\u56db\u4e2a\u5b63\u5ea6\u76c8\u5229\uff0c\u53d7\u76ca\u4e8e\u4e0e OpenAI \u76f8\u5173\u7684\u65b0\u4f30\u503c\u6536\u76ca\u3002\u4e1c\u4eac\u80a1\u4ef7\u4e00\u5ea6\u8df3\u6da8\u6700\u591a 13%\uff0c\u8fde\u6da8\u7b2c\u56db\u4e2a\u4ea4\u6613\u65e5\uff0c\u6295\u8d44\u8005\u5c06\u516c\u53f8\u89c6\u4e3a\u5bf9 ChatGPT \u79c1\u6709\u5e02\u573a\u52a8\u529b\u7684\u9ad8\u8d1d\u5854\uff08high-beta\uff09\u4ee3\u7406\u3002\u6839\u636e\u622a\u81f3 2025 \u5e74 12 \u6708\u5b8c\u6210\u7ea6 410 \u4ebf\u7f8e\u5143\u6295\u8d44\u6240\u7d2f\u8ba1\u7684\u4f30\u8ba1\u7ea6 11% \u80a1\u4efd\uff0cSoftBank \u73b0\u5728\u662f\u5728 Microsoft \u4e4b\u5916\u5bf9 OpenAI \u6700\u76f4\u63a5\u7684\u4e0a\u5e02\u655e\u53e3\u2014\u2014\u5e02\u573a\u6b63\u5728\u56de\u62a5\u8fd9\u79cd\u6760\u6746\u655e\u53e3\uff0c\u5c3d\u7ba1\u56f4\u7ed5\u8d44\u91d1\u548c\u53ef\u6301\u7eed\u6027\u7684\u95ee\u9898\u4e0d\u65ad\u589e\u591a\u3002<\/p>\n

\u76c8\u5229\u51b2\u51fb\u5c06\u80a1\u4ef7\u63a8\u5411\u7eaa\u5f55<\/h3>\n

\u8fd9\u4e00\u5934\u6761\u6570\u636e\u7ed9\u4e86\u52a8\u91cf\u4ea4\u6613\u8005\u6240\u9700\uff1a\u5229\u6da6\u52a0\u901f\uff0c\u540c\u65f6\u6709\u4e00\u4e2a\u6e05\u6670\u53d9\u4e8b\u5c06 SoftBank (9984.T, SFTBY) \u91cd\u65b0\u5b9a\u4f4d\u4e3a AI \u66dd\u9669\u5de5\u5177\u3002\u6b64\u6b21\u62c9\u5347\u6210\u4ea4\u91cf\u5927\uff0c\u63a8\u52a8\u80a1\u4ef7\u81f3\u5386\u53f2\u9ad8\u4f4d\uff0c\u591a\u5934\u62bc\u6ce8 OpenAI \u7684\u589e\u91cf\u4f30\u503c\u5c06\u7ee7\u7eed\u5728 2026 \u5e74\u4e3a\u76c8\u5229\u63d0\u4f9b\u7f13\u51b2\u3002\u8fd9\u4e0e Vision Fund \u4e8f\u635f\u5e74\u4ee3\u5f62\u6210\u9c9c\u660e\u5bf9\u6bd4\uff0c\u5f53\u65f6\u79c1\u6709\u79d1\u6280\u7684\u51cf\u8bb0\u6253\u51fb\u4e86 SoftBank \u7684\u80a1\u6743\u5e76\u5bf9\u5b59\u6b63\u4e49\u7684\u9ad8\u901f\u8d44\u672c\u6a21\u5f0f\u4ea7\u751f\u8d28\u7591\u3002\u73b0\u5728\u7684\u4e0d\u540c\u70b9\u5f88\u660e\u663e\uff1aOpenAI \u7684\u5149\u73af\uff0c\u5e02\u573a\u5c06\u5176\u89c6\u4e3a\u4f30\u503c\u5f15\u64ce\u4ee5\u53ca\u4ece\u82af\u7247\u5230\u4f01\u4e1a\u8f6f\u4ef6\u7b49\u4e00\u5207\u4e1a\u52a1\u7684\u6218\u7565\u4fdd\u62a4\u4f1e\u3002<\/p>\n

\u62bc\u6ce8 OpenAI \u6210\u4e3a\u6838\u5fc3\u8bba\u70b9<\/h3>\n

SoftBank \u7684\u80a1\u6743\u6545\u4e8b\u5df2\u6536\u7a84\u4e3a\u4e00\u4e2a\u4e3b\u5bfc\u9a71\u52a8\u56e0\u7d20\uff1a\u5176 OpenAI \u66dd\u9669\u7684\u9690\u542b\u4ef7\u503c\u3002\u7ba1\u7406\u5c42\u62ab\u9732\u7684\u5927\u7ea6 11% \u80a1\u4efd\u4f7f\u96c6\u56e2\u5bf9\u8fd9\u5bb6\u6700\u4e3a\u4ee3\u8868\u751f\u6210\u5f0f AI \u91c7\u7528\u7684\u79c1\u8425\u516c\u53f8\u62e5\u6709\u6743\u76ca\uff0c\u800c\u516c\u5f00\u5e02\u573a\u6295\u8d44\u8005\u62e5\u6709\u8be5\u589e\u957f\u7684\u9014\u5f84\u6709\u9650\u3002Microsoft (MSFT) \u63d0\u4f9b\u655e\u53e3\uff0c\u4f46\u5176\u655e\u53e3\u5206\u6563\u5728 Azure\u3001Office \u548c\u6e38\u620f\u7b49\u4e1a\u52a1\u4e2d\u3002SoftBank \u88ab\u5b9a\u4ef7\u4e3a\u5bf9 OpenAI \u4e0a\u5347\u79c1\u6709\u4f30\u503c\u548c\u968f\u7740\u4f01\u4e1a\u90e8\u7f72\u6269\u5c55\u800c\u53ef\u80fd\u4ea7\u751f\u7684\u73b0\u91d1\u6d41\u7684\u66f4\u7eaf\u7cb9\u3001\u6760\u6746\u5316\u7684\u901a\u9053\u3002<\/p>\n

\u5b59\u6b63\u4e49\u4e5f\u5728\u5f3a\u5316\u8fd9\u4e00\u53d9\u4e8b\u3002\u201c\u6211\u4eec\u4e0e OpenAI \u786e\u4fdd AGI \u9020\u798f\u5168\u4eba\u7c7b\u7684\u613f\u666f\u6df1\u5ea6\u4e00\u81f4\uff0c\u201d\u4ed6\u8868\u793a\uff0c\u8fd9\u4e00\u58f0\u660e\u5f3a\u5316\u4e86\u8d85\u8d8a\u8d44\u672c\u7684\u5408\u4f5c\u4e3b\u5f20\u3002\u8fd9\u79cd\u54f2\u5b66\u4e0a\u7684\u4e00\u81f4\u6027\u5177\u6709\u91cd\u8981\u610f\u4e49\uff0c\u56e0\u4e3a\u5b83\u8868\u660e SoftBank \u613f\u610f\u5728\u5468\u671f\u4e2d\u652f\u6301 OpenAI \u7684\u8d44\u91d1\u9700\u6c42\u3002\u5b83\u4e5f\u63d0\u9ad8\u4e86\u5e02\u573a\u9884\u671f\uff0c\u5373 SoftBank \u53ef\u4ee5\u5f71\u54cd\u6216\u53c2\u4e0e\u90bb\u8fd1\u7684 AI \u4ef7\u503c\u94fe\u2014\u2014\u4ece\u7b97\u529b\u548c\u7f51\u7edc\u5230\u79fb\u52a8\u4e0e\u8fb9\u7f18\u63a8\u7406\u2014\u2014\u653e\u5927\u4e86\u6240\u6301\u80a1\u4efd\u6240\u5305\u542b\u7684\u9009\u62e9\u6743\u4ef7\u503c\u3002<\/p>\n

\u4e3a\u8d4c\u6ce8\u7b79\u8d44\u5f15\u53d1\u6760\u6746\u7591\u95ee<\/h3>\n

\u5f53\u4f30\u503c\u4e0a\u5347\u65f6\uff0c\u4e0a\u884c\u5f88\u660e\u663e\u3002\u4e0b\u884c\u98ce\u9669\u5728\u8d44\u672c\u7ed3\u6784\u4e2d\u3002SoftBank \u4ee5\u8d44\u4ea7\u51fa\u552e\u3001\u53d1\u503a\u548c\u4ee5 Arm (ARM) \u7b49\u6301\u80a1\u4e3a\u62b5\u62bc\u7684\u8d37\u6b3e\u6df7\u5408\u65b9\u5f0f\u4e3a\u5176 OpenAI \u63a8\u52a8\u63d0\u4f9b\u8d44\u91d1\u3002\u8fd9\u79cd\u67b6\u6784\u5728 AI \u8d44\u4ea7\u4e0a\u6da8\u7684\u5e02\u573a\u4e2d\u6548\u679c\u6700\u4f73\u3002\u5982\u679c\u4f30\u503c\u500d\u6570\u538b\u7f29\u6216\u79c1\u4eba\u878d\u8d44\u653e\u7f13\uff0c\u90a3\u4e48\u6309\u5e02\u503c\u8ba1\u91cf\u7684\u987a\u98ce\u53ef\u80fd\u4f1a\u53d8\u6210\u9006\u98ce\uff0c\u800c\u503a\u52a1\u670d\u52a1\u6210\u672c\u4ecd\u7136\u56fa\u5b9a\u6216\u4e0a\u5347\u3002\u8fd9\u662f SoftBank \u7684\u7ecf\u5178\u7d27\u5f20\u5c40\u9762\uff1a\u901f\u5ea6\u4e0e\u89c4\u6a21\u5bf9\u6297\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u5f39\u6027\u3002<\/p>\n

OpenAI \u672c\u8eab\u4ecd\u672a\u76c8\u5229\uff0c\u8fd9\u4f7f\u5f97 SoftBank \u7684\u56de\u62a5\u5bf9\u672a\u6765\u878d\u8d44\u6761\u6b3e\u3001\u6536\u5165\u5b9e\u73b0\u548c\u8be5 AI \u9886\u5bfc\u8005\u7684\u8fd0\u8425\u6760\u6746\u9ad8\u5ea6\u654f\u611f\u3002\u5c3d\u7ba1\u751f\u6210\u5f0f AI \u7684\u53ef\u5bfb\u5740\u5e02\u573a\u4ecd\u5728\u6269\u5927\u2014\u2014\u4ece\u534f\u540c\u52a9\u624b\u5230\u5b9a\u5236\u6a21\u578b\u548c\u5782\u76f4\u5e94\u7528\u2014\u2014\u4f46\u7b97\u529b\u6210\u672c\u3001\u4f9b\u5e94\u9650\u5236\u548c\u76d1\u7ba1\u5ba1\u67e5\u53ef\u80fd\u4f1a\u5ef6\u7f13\u8d27\u5e01\u5316\u3002OpenAI \u4e0b\u4e00\u8f6e\u878d\u8d44\u6216\u6536\u5165\u8f68\u8ff9\u7684\u4efb\u4f55\u52a8\u6447\uff0c\u90fd\u53ef\u80fd\u901a\u8fc7 SoftBank \u7684\u76c8\u5229\u548c\u5e02\u573a\u60c5\u7eea\u4ea7\u751f\u8fde\u9501\u53cd\u5e94\uff0c\u56e0\u4e3a\u8fd9\u4e9b\u4f30\u503c\u6807\u6ce8\u5df2\u53d8\u5f97\u81f3\u5173\u91cd\u8981\u3002<\/p>\n

AI \u4ee3\u7406\u4ea4\u6613\u5438\u5f15\u52a8\u91cf\u8d44\u91d1<\/h3>\n

\u4e3a\u4ec0\u4e48\u73b0\u5728\u8ffd\u9010 SoftBank\uff1f\u7a00\u7f3a\u6027\u3002\u516c\u5f00\u5e02\u573a\u4e0a\u6ca1\u6709\u76f4\u63a5\u8d2d\u4e70 OpenAI \u80a1\u6743\u7684\u9014\u5f84\u3002Microsoft \u63d0\u4f9b\u655e\u53e3\uff0c\u4f46\u5728\u4e07\u4ebf\u7f8e\u5143\u89c4\u6a21\u7684\u591a\u5143\u4e1a\u52a1\u7ec4\u5408\u4e2d\u7a00\u91ca\u4e86\u53d9\u4e8b\u3002Arm \u53d7\u76ca\u4e8e AI \u63a8\u7406\u548c\u79fb\u52a8 CPU \u9700\u6c42\uff0c\u4f46\u5e76\u975e\u7eaf\u7cb9\u7684\u751f\u6210\u5f0f AI \u8d4c\u6ce8\u3002SoftBank \u63d0\u4f9b\u4e86\u4e00\u4e2a\u96c6\u4e2d\u4e14\u53d9\u4e8b\u6027\u5f3a\u7684\u4ee3\u7406\uff0c\u80fd\u591f\u4ee5\u516c\u5f00\u5e02\u573a\u7684\u6d41\u52a8\u6027\u6355\u6349\u79c1\u6709\u5e02\u573a\u7684\u70ed\u5ea6\u3002\u8fd9\u4f7f\u5176\u6210\u4e3a\u9700\u8981 AI \u8d1d\u5854\u4f46\u4e0d\u60f3\u6301\u6709\u5de8\u5934\u8f6f\u4ef6\u80a1\u7684\u5feb\u94b1\u4e0e\u4e3b\u9898\u57fa\u91d1\u7684\u78c1\u77f3\u3002<\/p>\n

\u8fd9\u79cd\u5b9a\u4f4d\u53ef\u4ee5\u81ea\u6211\u5f3a\u5316\u3002\u968f\u7740\u80a1\u4ef7\u4e0a\u6da8\uff0cSoftBank \u7684\u52df\u8d44\u80fd\u529b\u6539\u5584\uff0c\u800c\u5176\u56de\u6536\u8d44\u4ea7\u7684\u610f\u613f\u4e5f\u4f1a\u52a0\u901f\u3002\u7ed3\u679c\u662f\u4e00\u4e2a\u957f\u671f\u89c2\u5bdf\u8be5\u96c6\u56e2\u7684\u4eba\u719f\u6089\u7684\u53cd\u8eab\u5faa\u73af\uff1a\u4f30\u503c\u4e0a\u8c03\u5e26\u6765\u4fe1\u5fc3\uff0c\u4fe1\u5fc3\u5e26\u6765\u8d44\u672c\uff0c\u8d44\u672c\u5e26\u6765\u66f4\u5927\u7684\u62bc\u6ce8\u3002\u5982\u679c\u79c1\u6709\u4f30\u503c\u505c\u6ede\u6216\u62b5\u62bc\u54c1\u6ce2\u52a8\u8feb\u4f7f\u53bb\u98ce\u9669\u5316\uff0c\u8be5\u5faa\u73af\u5c31\u4f1a\u4e2d\u65ad\u3002\u5728\u90a3\u4e4b\u524d\uff0cAI \u4ee3\u7406\u4e70\u76d8\u6b63\u5728\u627f\u62c5\u91cd\u8981\u4f5c\u7528\u3002<\/p>\n

\u91cd\u8981\u7684\u4e0b\u884c\u60c5\u666f<\/h3>\n

\u6709\u4e09\u79cd\u51b2\u51fb\u4f1a\u6311\u6218\u591a\u5934\u8bba\u70b9\u3002\u9996\u5148\uff0cOpenAI \u5546\u4e1a\u5316\u8def\u5f84\u653e\u7f13\u2014\u2014\u65e0\u8bba\u662f\u7531\u4e8e\u4f01\u4e1a\u652f\u51fa\u75b2\u8f6f\u3001\u66f4\u96be\u7684\u91c7\u8d2d\u5468\u671f\uff0c\u8fd8\u662f\u66f4\u6fc0\u70c8\u7684\u7ade\u4e89\u2014\u2014\u90fd\u4f1a\u524a\u51cf\u9884\u671f\u589e\u957f\u5e76\u63a8\u8fdf\u76c8\u5229\u5b9e\u73b0\u3002\u7b2c\u4e8c\uff0c\u9650\u5236\u6a21\u578b\u8bad\u7ec3\u3001\u6570\u636e\u4f7f\u7528\u6216\u5b89\u5168\u5408\u89c4\u7684\u76d1\u7ba1\u53ef\u80fd\u4f1a\u63d0\u9ad8\u6210\u672c\u5e76\u538b\u4f4e\u6574\u4e2a\u751f\u6001\u7cfb\u7edf\u7684\u5229\u6da6\u7387\u3002\u7b2c\u4e09\uff0cAI \u80a1\u6743\u548c\u4fe1\u8d37\u5e02\u573a\u7684\u4e0b\u884c\u4f1a\u4f7f\u878d\u8d44\u53d8\u5f97\u66f4\u6602\u8d35\uff0c\u66b4\u9732\u51fa\u7531 Arm \u7b49\u6ce2\u52a8\u62b5\u62bc\u54c1\u652f\u6301\u7684\u7ed3\u6784\uff0c\u5e76\u653e\u5927 SoftBank \u6295\u8d44\u7ec4\u5408\u7684\u516c\u5141\u4ef7\u503c\u635f\u5931\u3002<\/p>\n

\u6bcf\u4e00\u79cd\u60c5\u666f\u4e0d\u4ec5\u4f1a\u51b2\u51fb\u635f\u76ca\u8868\u7684\u4f30\u503c\uff1b\u8fd8\u4f1a\u8003\u9a8c SoftBank \u5c55\u671f\u503a\u52a1\u548c\u7ef4\u6301\u56de\u8d2d\u80fd\u529b\u7684\u80fd\u529b\u3002\u5e02\u573a\u8bb0\u5f97\u5f53 Vision Fund \u655e\u53e3\u9006\u8f6c\u65f6\u516c\u53f8\u906d\u53d7\u7684\u56de\u64a4\u3002\u4eca\u5929\u7684\u91cd\u65b0\u5b9a\u4ef7\u5047\u8bbe\u8fd9\u4e9b\u98ce\u9669\u4f1a\u88ab AI \u7684\u957f\u671f\u5438\u5f15\u529b\u548c SoftBank \u7684\u7075\u6d3b\u6027\u6240\u63a7\u5236\u3002\u8be5\u5047\u8bbe\u662f\u652f\u70b9\u3002<\/p>\n

\u6295\u8d44\u8005\u63a5\u4e0b\u6765\u4f1a\u5173\u6ce8\u4ec0\u4e48<\/h3>\n

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AI \u91cd\u8981\u6807\u7684\u7684\u4ed3\u4f4d\u53d8\u5316<\/h3>\n

SoftBank \u7684\u66b4\u6da8\u91cd\u65b0\u5b9a\u4e49\u4e86\u516c\u5f00\u5e02\u573a\u6295\u8d44\u8005\u773c\u4e2d\u7684 AI \u9886\u5bfc\u529b\u683c\u5c40\u3002Microsoft \u4ecd\u7136\u662f\u4f01\u4e1a\u5e73\u53f0\u7684\u80dc\u51fa\u8005\uff0cNvidia \u662f\u57fa\u7840\u8bbe\u65bd\u4e4b\u738b\uff0cArm \u662f CPU \u67b6\u6784\u7684\u6760\u6746\u2014\u2014\u4f46 SoftBank \u62a2\u5360\u4e86\u901a\u5f80\u8fd9\u5bb6\u6700\u53d7\u5173\u6ce8\u7684\u79c1\u6709 AI \u516c\u53f8\u7684\u4e0a\u5e02\u901a\u9053\u89d2\u8272\u3002\u8fd9\u4f7f\u5176\u4e0e MSFT\u3001NVDA \u548c ARM \u5904\u4e8e\u540c\u4e00\u4ea4\u6613\u7bee\u5b50\u4e2d\uff0c\u4f46\u5bf9\u79c1\u6709\u5e02\u573a\u65b0\u95fb\u6d41\u66f4\u4e3a\u654f\u611f\u3002\u9884\u8ba1\u4f1a\u51fa\u73b0\u914d\u5bf9\u4ea4\u6613\uff1a\u505a\u591a SoftBank \u5bf9\u51b2\u4e00\u7bee\u5b50 AI \u4f9b\u5e94\u5546\uff0c\u6216\u901a\u8fc7\u4e0e Arm \u7684\u62b5\u62bc\u5173\u8054\u8fdb\u884c\u5bf9\u51b2\u3002<\/p>\n

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