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Morgan Stanley \u5c0d AI capex \u7e41\u69ae\u4e2d\u5c0f\u578b\u80a1\u7684\u7591\u616e\u4e26\u975e\u4e00\u7a2e\u98a8\u683c\u504f\u597d\uff0c\u800c\u662f\u535a\u5f08\u8ad6\u3002\u5728\u4e00\u5834\u300c\u8d0f\u5bb6\u901a\u5403\u300d\u7684\u7af6\u8cfd\u4e2d\uff0c\u4e3b\u5c0e\u8005\u5806\u758a\u5ec9\u50f9\u8cc7\u91d1\u3001\u6392\u4ed6\u6027\u4f9b\u61c9\uff0c\u4ee5\u53ca\u80fd\u5728\u898f\u6a21\u4e0a\u4ea4\u4ed8\u6a21\u578b\u7684\u5de5\u7a0b\u5e2b\u3002\u8f03\u5c0f\u7684\u516c\u53f8\u4ee5\u8f03\u9ad8\u6210\u672c\u7c4c\u8cc7\u3001\u4ee5\u96f6\u552e\u50f9\u8cfc\u8cb7\u96f6\u4ef6\u3001\u4e26\u7b49\u5f85\u66f4\u4e45\u7684\u4ea4\u8ca8\u3002\u6bcf\u4e00\u5b63\u7576\u5de8\u578b\u80a1\u652f\u51fa\u8d85\u524d\uff0c\u5b83\u5011\u7684\u8b77\u57ce\u6cb3\u4fbf\u64f4\u5927\u3002\u7576\u6295\u8cc7\u4eba\u5f9e\u66b4\u9732\u65bc AI \u71b1\u6f6e\u7684\u5c0f\u578b\u80a1\u64a4\u51fa\uff0c\u8f49\u5411\u7522\u751f\u73fe\u91d1\u7684\u5927\u578b\u80a1\u6642\uff0c\u878d\u8cc7\u6210\u672c\u5dee\u8ddd\u6703\u81ea\u6211\u5f37\u5316\u3002\u6211\u5011\u898b\u904e\u9019\u9f63\u6232\u3002\u5728 1990s \u5f8c\u671f\uff0c\u7db2\u8def\u7684\u627f\u8afe\u662f\u771f\u5be6\u7684\uff0c\u4f46\u5229\u6f64\u6c60\u584c\u9677\u5230\u5c11\u6578\u5e7e\u500b\u5e73\u53f0\uff0c\u800c\u4e00\u9577\u4e32\u7684\u8ffd\u5922\u8005\u5728\u9810\u671f\u9047\u5230\u5229\u7387\u73fe\u5be6\u6642\u8017\u76e1\u73fe\u91d1\u3002\u5728\u653f\u7b56\u5229\u7387\u4ecd\u7136\u5177\u9650\u5236\u6027\u4e14\u80a1\u6b0a\u98a8\u96aa\u6ea2\u916c\u8584\u5f31\u7684\u60c5\u6cc1\u4e0b\uff0c\u5c0f\u578b\u80a1\u6a02\u89c0\u7684\u6301\u6709\u6210\u672c\u662f\u6602\u8cb4\u7684\u3002\u5373\u4fbf AI \u9700\u6c42\u6301\u7e8c\uff0c\u9019\u500b\u6558\u4e8b\u5c0d\u5b83\u5011\u7684\u4f30\u503c\u4ecd\u7136\u5177\u6709\u901a\u7e2e\u6027\u3002<\/p>\n
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