{"id":606377,"date":"2025-11-27T05:15:01","date_gmt":"2025-11-27T13:15:01","guid":{"rendered":"https:\/\/nai500.com\/?p=606377"},"modified":"2025-11-27T05:15:01","modified_gmt":"2025-11-27T13:15:01","slug":"8-ai-2","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/11\/8-ai-2\/","title":{"rendered":"8 \u9805\u503c\u5f97\u6295\u8cc7\u4eba\u95dc\u6ce8\u7684\u4e2d\u570b AI \u5175\u5bb6\u5fc5\u722d"},"content":{"rendered":"

\u4eba\u5de5\u667a\u6167\u5982\u4eca\u5df2\u6210\u70ba\u8cc7\u7522\u8ca0\u50b5\u8868\u4e0a\u7684\u9805\u76ee\u8207\u8463\u4e8b\u6703\u7684\u512a\u5148\u4e8b\u9805\u3002\u7576\u7f8e\u570b\u5927\u578b\u79d1\u6280\u5c07\u8cc7\u672c\u652f\u51fa\u8b8a\u6210\u8ecd\u5099\u7af6\u8cfd\u6642\uff0c\u4e2d\u570b\u7684\u5e73\u53f0\u5247\u8d70\u5169\u689d\u4e92\u88dc\u8def\u5f91\uff1a\u5728\u95dc\u9375\u8655\u6295\u653e\u6709\u91dd\u5c0d\u6027\u7684\u57fa\u790e\u8a2d\u65bd\uff0c\u4e26\u5728\u5341\u5104\u7d1a\u7528\u6236\u751f\u614b\u4e2d\u7a4d\u6975\u6574\u5408 AI\u3002\u7d50\u679c\u662f\u4e00\u5957\u52d9\u5be6\u3001\u5177\u5168\u7403\u76f8\u95dc\u6027\u7684 AI \u5efa\u8a2d\u65b9\u6848\uff0c\u56de\u6536\u671f\u66f4\u77ed\u4e14\u51fa\u53e3\u7248\u5716\u6301\u7e8c\u64f4\u5927\u3002<\/p>\n

AI \u8cc7\u672c\u652f\u51fa\u8ecd\u5099\u7af6\u8cfd\u9047\u4e0a\u4e2d\u570b\u7684\u6548\u7387\u66f2\u7dda<\/h3>\n

\u7f8e\u570b\u7684\u5e73\u53f0\u6b63\u4ee5\u570b\u5bb6\u57fa\u790e\u8a2d\u65bd\u898f\u6a21\u92ea\u8a2d\u6578\u4f4d\u9435\u8def\uff1aMicrosoft \u7684\u5b63\u5ea6\u8cc7\u672c\u652f\u51fa\u5df2\u63a8\u5411\u6b77\u53f2\u9ad8\u4f4d\uff0cAlphabet \u5c07\u5168\u5e74\u6295\u8cc7\u5c55\u671b\u63d0\u5347\u81f3\u4e5d\u5341\u591a\u5104\u7f8e\u5143\u5340\u9593\uff0cAmazon \u9810\u4f30\u4eca\u5e74\u7d04 1,250 \u5104\u7f8e\u5143\uff0cMeta \u6307\u5f15\u8d85\u904e 700 \u5104\u7f8e\u5143\u3002Apple \u96d6\u7136\u653e\u7de9\u659c\u7387\uff0c\u4f46\u4ecd\u5728\u64f4\u5927\u88dd\u7f6e\u8207\u670d\u52d9\u5c64\u9762\u7684 AI\u3002\u4e2d\u570b\u7684\u9818\u5c0e\u8005\u6b63\u5728\u8b49\u660e\uff0c\u8d85\u984d\u652f\u51fa\u4e26\u975e\u7372\u52dd\u552f\u4e00\u8def\u5f91\u3002\u4ed6\u5011\u512a\u5148\u767c\u5c55\u9ad8\u5229\u7528\u7387\u96f2\u7aef\u3001\u5c0d\u4e3b\u6b0a\u53cb\u597d\u7684\u77fd\u57fa\u786c\u9ad4\uff0c\u4ee5\u53ca\u80fd\u8fc5\u901f\u8f49\u5316\u70ba\u4f7f\u7528\u8207\u6536\u5165\u7684\u5e73\u53f0\u7d1a AI \u529f\u80fd\u3002\u9019\u4e0d\u662f\u77fd\u8c37\u7684\u6162\u901f\u7248\u672c\uff1b\u800c\u662f\u5efa\u7acb\u5728\u898f\u6a21\u3001\u6578\u64da\u8207\u653f\u7b56\u5354\u540c\u4e0a\u7684\u4e0d\u540c\u7d93\u71df\u6a21\u5f0f\u3002<\/p>\n

\u963f\u91cc\u5df4\u5df4\u70ba AI \u898f\u6a21\u8207\u88dd\u7f6e\u5e36\u52d5\u505a\u51fa\u8abf\u6574<\/h3>\n

\u963f\u91cc\u5df4\u5df4\u6700\u65b0\u4e00\u5b63\u5448\u73fe\u660e\u78ba\u8a0a\u606f\uff1a\u71df\u6536\u5e74\u589e 5% \u81f3\u4eba\u6c11\u5e63 2,478 \u5104\u5143\uff0c\u4f46\u6de8\u5229\u5927\u5e45\u4e0b\u6ed1 53%\uff0c\u81ea\u7531\u73fe\u91d1\u6d41\u70ba\u8ca0\uff0c\u986f\u793a\u516c\u53f8\u6b63\u52a0\u78bc\u96f2\u7aef\u8207\u5feb\u5546\u52d9\u5347\u7d1a\u3002\u5f9e\u71df\u904b\u9762\u770b\uff0c\u8f49\u5411\u6b63\u5728\u5be6\u969b\u767c\u63ee\u4f5c\u7528\u3002Cloud Intelligence \u71df\u6536\u52a0\u901f\u6210\u9577 34% \u81f3\u4eba\u6c11\u5e63 398 \u5104\u5143\uff0cAI \u7522\u54c1\u92b7\u552e\u5448\u4e09\u4f4d\u6578\u6210\u9577\uff0c\u4e8b\u696d\u55ae\u4f4d EBITA \u4e0a\u5347 35%\u3002\u8cc7\u672c\u652f\u51fa\u4e0d\u53ea\u5728\u8cc7\u6599\u4e2d\u5fc3\u53ef\u898b\uff1b\u963f\u91cc\u63a8\u51fa\u7684 Quark AI \u773c\u93e1\u5728\u4e2d\u570b\u4ee5 1,899 \u5143\u4eba\u6c11\u5e63\u958b\u8ce3\uff0c\u63a1\u7528\u516c\u53f8 Qwen \u6a21\u578b\u63d0\u4f9b\u7ffb\u8b6f\u8207\u8cfc\u7269\u8f14\u52a9\uff0c\u9019\u7a2e\u88dd\u7f6e\u524d\u54e8\u53ef\u56de\u6d41\u81f3 Taobao \u8207 Alipay \u751f\u614b\u3002\u77ed\u671f\u5167\u7372\u5229\u627f\u58d3\uff0c\u9577\u671f\u770b\u5247\u5177\u98db\u8f2a\u6548\u61c9\u3002\u5168\u7403\u5f71\u97ff\uff1aAlibaba Cloud \u7684 AI \u5806\u758a\u5728\u6771\u5357\u4e9e\u6709\u9700\u6c42\uff0c\u4f01\u696d\u5c0b\u6c42\u50f9\u683c\u53ef\u8ca0\u64d4\u4e14\u7b26\u5408\u4e3b\u6b0a\u8981\u6c42\u7684\u6a21\u578b\uff0c\u907f\u514d\u7f8e\u570b\u4f9b\u61c9\u5546\u9396\u5b9a\u3002<\/p>\n

\u9a30\u8a0a\u8b49\u660e\u4ee5\u751f\u614b\u7cfb\u70ba\u5148\u7684 AI \u53ef\u5e36\u52d5\u7372\u5229\u6210\u9577<\/h3>\n

\u9a30\u8a0a\u63d0\u4f9b\u4e86\u5c0d\u8cc7\u672c\u652f\u51fa\u6975\u5927\u5316\u8ad6\u7684\u53cd\u8ad6\u8b49\u3002\u7b2c\u4e09\u5b63\u71df\u6536\u5e74\u589e 15% \u81f3\u4eba\u6c11\u5e63 1,929 \u5104\u5143\uff0c\u6de8\u5229\u6210\u9577 19%\uff0c\u540c\u6642\u907f\u514d\u5728\u8cc7\u6599\u4e2d\u5fc3\u9677\u5165\u8ecd\u5099\u7af6\u8cfd\u3002\u516c\u53f8\u6b63\u5c07\u6df7\u5143\uff08Hunyuan\uff09\u6a21\u578b\u7e54\u5165\u64c1\u6709 13 \u5104\u6708\u6d3b\u7684 WeChat\u3001\u5ee3\u544a\u5de5\u5177\u8207\u904a\u6232\u958b\u767c\u6d41\u7a0b\uff0c\u63d0\u5347\u4f7f\u7528\u9ecf\u8457\u5ea6\u8207\u8b8a\u73fe\u80fd\u529b\uff0c\u800c\u4e0d\u8b93\u57fa\u790e\u8a2d\u65bd\u6210\u672c\u7206\u70b8\u3002\u5c0f\u7a0b\u5f0f\u5167\u7684 AI \u52a9\u624b\u3001\u66f4\u667a\u6167\u7684\u5ee3\u544a\u5b9a\u5411\u8207\u5167\u5bb9\u751f\u6210\u6b63\u5728\u63a8\u5347\u71df\u904b\u6307\u6a19\u3002\u5168\u7403\u5f71\u97ff\uff1a\u9a30\u8a0a\u7684\u4f5c\u6cd5\u70ba\u8cc7\u672c\u7a00\u7f3a\u4f46\u5206\u92b7\u5ee3\u6cdb\u7684\u65b0\u8208\u5e02\u5834\u63d0\u4f9b\u7bc4\u672c\u3002\u5728\u6b64\u74b0\u5883\u4e0b\uff0c\u80fd\u63d0\u9ad8\u7559\u5b58\u8207 ARPU \u7684 AI \u529f\u80fd\uff0c\u6bd4\u55ae\u7d14\u7684\u904b\u7b97\u652f\u51fa\u66f4\u5177\u52dd\u7b97\u3002<\/p>\n

\u653f\u7b56\u9806\u98a8\u8207\u672c\u5730\u77fd\u7247\u6b63\u5728\u7e2e\u5c0f\u904b\u7b97\u7f3a\u53e3<\/h3>\n

\u4e2d\u570b\u7684\u5275\u65b0\u653f\u7b56\u6b63\u628a\u8cc7\u91d1\u3001\u8a31\u53ef\u8207\u6a19\u6e96\u5354\u8abf\u8d77\u4f86\uff0c\u5728\u570b\u5167\u7d04\u675f\u4e0b\u52a0\u901f AI \u7684\u64f4\u6563\u3002\u76e3\u7ba1\u6a5f\u69cb\u63a8\u52d5\u6280\u8853\u81ea\u7acb\uff0c\u7576\u4ed6\u5011\u963b\u64cb\u67d0\u4e9b\u7f8e\u570b\u6676\u7247\u9032\u5165\u65b0\u8cc7\u6599\u4e2d\u5fc3\u6642\uff0c\u9019\u4e00\u7acb\u5834\u8b8a\u5f97\u660e\u78ba\u3002\u56de\u61c9\u4fc3\u4f7f\u672c\u5730\u5806\u758a\u5feb\u901f\u6210\u719f\uff1aHuawei \u7684 Ascend \u52a0\u901f\u5668\u3001\u672c\u571f GPU \u52aa\u529b\u3001\u4ee5\u53ca\u8a2d\u7701\u7d1a AI \u904b\u7b97\u6a1e\u7d10\uff0c\u9019\u4e9b\u6a1e\u7d10\u4ee5\u8da8\u8fd1\u4e16\u754c\u7d1a\u7684\u8cc7\u6599\u4e2d\u5fc3 PUE \u76ee\u6a19\u9650\u5236\u80fd\u6e90\u4f7f\u7528\u3002\u7d50\u679c\u662f\u97cc\u6027\u63d0\u5347\u3002\u904b\u7b97\u4ecd\u5c07\u5403\u7dca\uff0c\u4f46\u5e73\u53f0\u71df\u904b\u8005\u5df2\u5728\u70ba\u6548\u7387\u91cd\u69cb\u6a21\u578b\uff0c\u65bc\u6df7\u5408\u53e2\u96c6\u4e0a\u8a13\u7df4\uff0c\u4e26\u5c07\u66f4\u591a\u63a8\u7406\u5de5\u4f5c\u63a8\u5411\u908a\u7de3\u3002\u5c0d\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u98a8\u96aa\u5728\u65bc\u7576\u653f\u7b56\u652f\u6301\u7684\u4f9b\u7d66\u8d95\u4e0a\u6642\u4ecd\u4f4e\u914d\u800c\u932f\u5931\u5229\u6f64\u64f4\u5f35\u3002<\/p>\n

\u4e2d\u570b AI \u516b\u5927\u5fc5\u770b\u6a19\u7684<\/h3>\n

1) Alibaba (BABA, 9988.HK)\uff1aCloud Intelligence \u71df\u6536\u5e74\u589e 34% \u81f3\u4eba\u6c11\u5e63 398 \u5104\u5143\uff0cAI \u7522\u54c1\u5448\u4e09\u4f4d\u6578\u6210\u9577\uff1bQuark AI \u773c\u93e1\u958b\u95e2\u4e86\u8207\u5546\u52d9\u8207\u652f\u4ed8\u7d81\u5b9a\u7684\u65b0\u4ecb\u9762\uff1b\u5168\u7403\u5099\u8a3b\uff1aAlibaba Cloud \u5728\u4e9e\u6d32\u7684\u7248\u5716\u4f7f\u5176\u6210\u70ba\u53d7\u76e3\u7ba1\u5e02\u5834\u7684\u975e\u7f8e\u570b\u9078\u9805\u3002<\/p>\n

2) Tencent (0700.HK)\uff1a\u71df\u6536\u6210\u9577 15%\u3001\u6de8\u5229\u6210\u9577 19%\uff0cAI \u7d0d\u5165 WeChat\u3001\u5ee3\u544a\u8207\u904a\u6232\uff1b\u6df7\u5143\u6a21\u578b\u90e8\u7f72\u5728\u4e0d\u64f4\u5f35\u8cc7\u672c\u652f\u51fa\u7684\u60c5\u6cc1\u4e0b\u63d0\u5347\u4f7f\u7528\u8207\u8b8a\u73fe\uff1b\u5168\u7403\u5099\u8a3b\uff1a\u4ee5\u751f\u614b\u7cfb\u70ba\u5c0e\u5411\u7684 AI \u8b8a\u73fe\u53ef\u5728\u4ee5\u61c9\u7528\u70ba\u4e2d\u5fc3\u7684\u5e02\u5834\u8907\u88fd\u3002<\/p>\n

3) Baidu (BIDU, 9888.HK)\uff1aErnie \u7528\u6236\u7a81\u7834 2 \u5104\uff0cApollo \u81ea\u99d5\u91cc\u7a0b\u9054 5,000 \u842c\u516c\u91cc\uff1b\u96f2\u7aef\u8207\u4f01\u696d\u7d1a AI \u7ba1\u7dda\u6301\u7e8c\u6df1\u5316\uff1b\u5168\u7403\u5099\u8a3b\uff1a\u81ea\u52d5\u99d5\u99db\u6280\u8853\u8207\u57fa\u790e\u6a21\u578b\u53ef\u51fa\u53e3\u81f3\u5c0b\u6c42\u4e00\u9ad4\u5316\u79fb\u52d5\u89e3\u6c7a\u65b9\u6848\u7684\u4e2d\u6771\u8207\u6771\u5357\u4e9e\u5925\u4f34\u3002<\/p>\n

4) BYD (1211.HK, BYDDY)\uff1a\u6309\u92b7\u91cf\u8a08\u70ba\u5168\u7403 EV \u9818\u5c0e\u8005\uff0c\u6b63\u5728\u88fd\u9020\u8207\u99d5\u99db\u8f14\u52a9\u4e2d\u5d4c\u5165 AI\uff1b\u6cf0\u570b\u8207\u6b50\u6d32\u7684\u65b0\u5de5\u5ee0\u64f4\u5927\u89f8\u89d2\uff1b\u5168\u7403\u5099\u8a3b\uff1a\u6210\u672c\u9818\u5148\u52a0\u4e0a\u8edf\u9ad4\u5347\u7d1a\uff0c\u70ba\u65b0\u8208\u5e02\u5834\u63d0\u4f9b\u9ad8\u91cf\u7d1a\u7684 AI \u529f\u80fd\u5e73\u53f0\u3002<\/p>\n

5) CATL (300750.SZ)\uff1a\u6309\u5e02\u5360\u7387\u70ba\u7b2c\u4e00\u7684 EV \u96fb\u6c60\u4f9b\u61c9\u5546\uff0c\u4e14\u80fd\u6e90\u5132\u5b58\u90e8\u7f72\u6301\u7e8c\u64f4\u5927\uff1b\u4ee5 AI \u9a45\u52d5\u7684\u88fd\u9020\u8207\u96fb\u6c60\u7ba1\u7406\u7cfb\u7d71\u964d\u4f4e\u6210\u672c\u3001\u6539\u5584\u96fb\u7db2\u6574\u5408\uff1b\u5168\u7403\u5099\u8a3b\uff1a\u6b50\u6d32\u8207\u4e2d\u6771\u7684 ESS \u9805\u76ee\u4f7f CATL \u6210\u70ba AI \u8cc7\u6599\u4e2d\u5fc3\u96fb\u529b\u5efa\u8a2d\u7684\u53d7\u76ca\u8005\u3002<\/p>\n

6) SMIC (0981.HK, 688981.SH)\uff1a\u570b\u5167\u6676\u5713\u4ee3\u5de5\u6b63\u5728\u70ba\u8207 AI \u76f8\u95dc\u7684\u908f\u8f2f\u8207\u7279\u6b8a\u88fd\u7a0b\u64f4\u7522\uff1b\u9700\u6c42\u7dca\u4fcf\u652f\u6301\u50f9\u683c\uff1b\u5168\u7403\u5099\u8a3b\uff1a\u53ef\u9760\u7684\u672c\u5730\u904b\u7b97\u4f9b\u61c9\u93c8\u53ef\u964d\u4f4e\u4e2d\u570b AI \u8def\u7dda\u5716\u7684\u98a8\u96aa\uff0c\u7a69\u5b9a\u5e73\u53f0\u7684\u898f\u5283\u9031\u671f\u3002<\/p>\n

7) Lenovo (0992.HK, LNVGY)\uff1aAI \u500b\u4eba\u96fb\u8166\u8207\u908a\u7de3\u4f3a\u670d\u5668\u70ba\u8fd1\u671f\u91cf\u80fd\u984c\u6750\uff1b\u4f01\u696d\u5408\u4f5c\u5c07\u6df7\u5408 AI \u5e36\u7d66 on-premise \u5ba2\u6236\uff1b\u5168\u7403\u5099\u8a3b\uff1aLenovo \u5728 EMEA \u8207\u62c9\u4e01\u7f8e\u6d32\u7684\u901a\u8def\u8b93\u5176\u80fd\u53c3\u8207\u7f8e\u570b\u4ee5\u5916\u7684 AI \u63db\u6a5f\u9031\u671f\u3002<\/p>\n

8) Inspur Information (000977.SZ)\uff1a\u4e2d\u570b\u9818\u5148\u7684 AI \u4f3a\u670d\u5668\u4f9b\u61c9\u5546\uff0c\u51fa\u53e3\u5e02\u5360\u6301\u7e8c\u6210\u9577\uff1b\u8207\u6a21\u578b\u8a13\u7df4\u53ca\u63a8\u7406\u53e2\u96c6\u76f8\u95dc\u7684\u8a02\u55ae\u5eab\u4ecd\u7a69\u56fa\uff1b\u5168\u7403\u5099\u8a3b\uff1a\u50f9\u683c\u654f\u611f\u5340\u57df\u4e2d\uff0c\u6210\u672c\u512a\u5316\u7684 AI \u57fa\u790e\u8a2d\u65bd\u6b63\u53d6\u5f97\u52dd\u5229\u3002<\/p>\n

\u4e2d\u570b\u7684 AI \u7248\u5716\u6b63\u5728\u91cd\u5851\u65b0\u8208\u5e02\u5834<\/h3>\n

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