ISoftBank yenze inzuzo futhi isiyenzile ukhishwe ngokuphelele ekwabelaneni kwakhe kwe-NvidiaUkuthengiselana, okwenziwe ngo-Okthoba, kufinyelela ku-$ 5.830 billion futhi kuhilela ukuthengiswa kwezabelo eziyizigidi ezingu-32,1 ze-chipmaker ehamba phambili yezobunhloli.
Ukusuka eTokyo baphikelela ngokuthi yi- isinqumo sezezimali, hhayi isignali ngokumelene no-NvidiaUmlayezo osemthethweni: ukuhlanganisa imali yokutshala izimali ezinkulu ku-AI, indawo lapho iSoftBank ifuna ukudlala indima eholayo.
Okubalulekile kokusebenza
Le nkampani iqinisekise ukukhishwa okuphelele kubatshalizimali bayo ngemuva kokuvala ukuthengisa Ama-dollar ayi-5.830Lesi sinyathelo siza ngemuva konyaka wokukhuphuka kwe-meteoric entengo yesitoko, kanye neseshini yangaphambilini lapho uNvidia ethuthuke khona kakhulu, enikela. okuningi kwe-S&P 500.
Ngemuva kokuvela kwezindaba, izintengo zesitoko sikaNvidia zehla ngokuzungezile 1,6% ekuqaleni kokuvulwaKodwa-ke, lokhu kulungiswa kuhambisana nokukhuphuka kwentengo okukhulu ezindaweni zakamuva. Abaphathi bezikhwama bakhulume nabo bakuhumushe njengokuthatha inzuzo empahleni... naphezu kokulungiswa ngesikhathi, igcina inkambiso yayo ehamba phambili ezikhungweni zedatha ne-AI.
Izisusa namasu eSoftBank
Isikhulu Esiphezulu Sezezimali u-Yoshimitsu Goto ugweme ukubhebhethekisa izinkulumo-mpikiswano zamabhamuza futhi wagcizelela ukuthi ukuthengisa kwenziwa yabela izimali ezintsha ezitshaliweNgamazwi akhe, okubalulekile ukuqinisa i-solvency futhi unikeze amathuba amaningi kubatshalizimali, ngokuhambisana nesu "lokwenza imali ngezikhundla ezithile nokuvula ezinye."
Abahlaziyi abafana no-Rolf Bulk (New Street Research) benza umsebenzi ube ngomongo: I-SoftBank Idinga okungenani amabhiliyoni angama-30.500 ngekota ka-Okthoba-Disemba, ikakhulukazi ngenxa yegalelo layo ku-OpenAI (amabhiliyoni angama-22.500) kanye nokutholwa komklami wama-chip Ampere (izigidigidi ezi-6.500). Umbono okhona awukona owokuxwayisa mayelana ne-Nvidia. kodwa kunalokho capital relocation kumaphrojekthi we-AI lapho iSoftBank ibona ukubuya okungaba khona okwengeziwe.
Ukusabela kwemakethe kanye nemibono yabahlaziyi
Ukuhoxiswa komtshalizimali omkhulu kuvame ukudala izihloko, kepha ukuvumelana kwemakethe ku-Nvidia kuhlala kukuhle: iningi lamafemu ocwaningo. Bagcina isincomo sabo sokuthenga. futhi babona ukukhula okwengeziwe kusekelwa isikhundla sabo kuma-GPU nesofthiwe ye-AI.
KwaSoftBank, nokho, kugxilwe eqinisweni lokuthi “ubungozi bokungatshali imali"Egagasini elisha lobuhlakani bokwenziwa, ingozi ingase ibe nkulu kunengozi yokwenza kanjalo. Amazwi afana noDan Baker (Morningstar) agcizelela ukuthi ukuhlukaniswa "akushintshi i-thesis yeSoftBank" nokuthi imali Ithuthelwa kwezinye izinto ezithuthukisa ukukhula ixhunywe ku-AI.
Izokwenzani ngemali: OpenAI, Ampere, kanye nephrojekthi ye-Stargate
Iningi lemali ekhishiwe libekelwe i-OpenAI, lapho iSoftBank izibophezele khona Ama-dollar ayi-40.000 ngezigaba ezahlukene, kanti ama-euro ayizigidi eziyizinkulungwane ezingama-22.500 abekelwe ukuphela kukaDisemba. Lolu hlelo luhlanganisa nohlelo lwe izikhungo zedatha ye-mega I-Stargate, ingqalasizinda ebalulekile ukuqeqesha nokusebenzisa amamodeli amakhulu.
Ngaleso sikhathi, iSoftBank iqhubekela phambili nokuthengwa kwe-Ampere Computing yendawo yonke Ama-dollar ayi-6.500impahla yamasu ekwakhiweni kwe-chip. Imephu yomgwaqo iqedwa “ngokwenza imali” kwezinye izikhundla—ngokwesibonelo, ukudayiswa kwengxenye kwe-T-Mobile cishe ngamabhiliyoni angu-9.170—kanye nokukhishwa kwezikweletu nokubolekwa imali kwamabhuloho. thuthukisa ezezimali.
Isendlalelo kanye neshejuli yokuthengisa
Akukhona okokuqala iSoftBank ishiya iNvidia. Ikwenze lokho ngo-2019 yabuya ngo-2020. ngaphambi kwe-spike enkulu ehlotshaniswa ne-ChatGPT kanye nokwanda kwesidingo sama-accelerator e-AI. Ekupheleni kukaMashi, isabelo sayo eNvidia sasicishe sibe ngama-dollar ayizigidi eziyizinkulungwane ezintathu, sihlomula ekuhlinzeni okwalandela.
Ukwehliswa kwemali kwamanje kuhambisana nenkulumo-mpikiswano ekhulayo mayelana nokuthi ukusetshenziswa kwemali kwezinkampani ezinkulu zobuchwepheshe-okungafinyelela amazinga amarekhodi eminyakeni ezayo-kuzoletha izinzuzo ezilinganayo. Kulo mongo, Imali yokuthengisa ye SoftBank Igxila kumamodeli ayo, isofthiwe nengqalasizinda, kunokuchayeka ku-hardware yenkampani yangaphandle.
Imithelela kubatshalizimali baseSpain naseYurophu
Kumtshali-zimali waseYurophu, Ukutshala imali kubuchwepheshe obusha eYurophu Kushiya imikhondo eminingana: ukugeleza kwezimali ku-AI akumi, kodwa kuba ukukhetha okwengeziwe kuchungechunge lwenaniIzimali nabaphathi abanezikhundla kuma-semiconductors, ifu, kanye nesofthiwe ye-AI bangase babone ukuzungezisa okuhlakaniphile, ngaphandle kwalokho okusikisela ukuphenduka kwe-bearish yesakhiwo.
E-Spain, izimoto ezichayeka ezinkampanini zobuchwepheshe zase-US—ngqo noma ngezinkomba zomhlaba—zingathola okuthile ukuguquguquka kwesikhathi esifushane, kuyilapho ukulandisa "kokutshalwa kwezimali kumamodeli nezinkundla" ngokumelene "namapiki namafosholo" kuyahlanganisa. Ubukhona baseYurophu ukwakheka kwe-chip (nge-Arm, ezinze e-UK, nakuba esohlwini lwase-US) futhi kubahlinzeki bengqalasizinda yengeza enye i-vector of interest yesifunda.
Imiphumela, Isikhwama Sombono kanye nokuhlukaniswa kwesitoko
Ngokwezezimali, iSoftBank ibone ukukhula okuqinile kuma-akhawunti ayo. I-Vision Fund irekhodiwe inzuzo yokutshalwa kwezimali ecishe ibe ngamabhiliyoni ayi-19.000 ngekwata, okusekelwa ukubuyekezwa kwezimpahla ezihlobene ne-AI, okuhlanganisa i-OpenAI.
Iqembu lenze inzuzo yalo ngaphezu kokuphindwe kabili esikhathini sakamuva futhi libeka umphumela wengxenye yokuqala yezimali cishe Ama-dollar ayi-16.600Ngaphezu kwalokho, imemezele ukuhlukaniswa kwesitoko (4 ku-1) ukwenza isitoko sifinyeleleke kalula futhi sandise isisekelo sabatshalizimali, umnyakazo ovame ngcono i-liquidity yenani emakethe yendawo.
Iphothifoliyo yeSoftBank ifaka amagama afana ne-OpenAI, Ampere, ByteDance, ne-Perplexity AI, ekhombisa umbono wokuthi izama ukuthwebula. inani kulo lonke uchungechunge lwe-AI, kusukela kumodeli nesendlalelo sesofthiwe kuya kuzingcezu ezibalulekile zedizayini ye-chip kanye nekhompyutha esebenza kahle kakhulu.
Ngokuphuma kukaNvidia, i-softBank iqinisa isikhundla sayo se-liquidity ukuze yenze i-ajenda yayo ye-AI: Ukuthola imali okuvikelekile, izimpahla ezizungeziswayo, nezinto ezibalulekile ezibalulekileIsikhathi sizosho ukuthi ukugcizelelwa kwamamodeli nezinkundla kuyayidlula yini imbuyiselo yokutshalwa kwezimali ukuze kuvezwe ihadiwe ehamba phambili emakethe, kodwa okwamanje, umgwaqo weSon neqembu lakhe ukhomba ukugxila, isikali, kanye nesivinini sokwenza.
