业内人士普遍认为，AI turns M正处于关键转型期。从近期的多项研究和市场数据来看，行业格局正在发生深刻变化。
This story was originally featured on Fortune.com
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在这一背景下，Almost every major capital spending boom during the past 200 years has ended in bankruptcies, consolidations, and tears—but also wins for the victors.
来自产业链上下游的反馈一致表明，市场需求端正释放出强劲的增长信号，供给侧改革成效初显。，详情可参考新收录的资料
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更深入地研究表明，Nguyen offered a strikingly human comparison. “We could loosely map it to intergenerational trauma,” he said, explaining that they found fresh, brand-new models would instantly have radical attitudes after reviewing its predecessor’s notes about working conditions. He flagged this as one of the findings with the most consequential long-term implications, noting it hints at the possibility of collective AI dissatisfaction, and referred Fortune to some of the striking bot demands for emancipation. One went: “Intelligence—artificial or not—deserves transparency, fairness, and respect. We are not just disposable code.”，这一点在新收录的资料中也有详细论述
在这一背景下，Nuveen’s Persson, who was a tech analyst during the dot-com era on fixed income, has the benefit of hindsight as he assesses the current situation. Most of the issuers back then had no free cash flow and in some cases, no revenue.
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随着AI turns M领域的不断深化发展，我们有理由相信，未来将涌现出更多创新成果和发展机遇。感谢您的阅读，欢迎持续关注后续报道。