---
title: "对冲基金经理 David Einhorn 警告 AI 领域支出极端化 或带来巨大资本损失"
description: "对冲基金经理 David Einhorn 警告，尽管人工智能技术具有变革性，但极端的基础设施支出可能导致巨大的资本损失。他指出，苹果、Meta 和 OpenAI 等公司投入的数万亿美元过于极端，回报高度不确定。尽管他认为人工智能的未来超出乐观预期，但对如此巨额投资的回报表示质疑。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/258959080.md"
published_at: "2025-09-26T00:08:06.000Z"
---

# 对冲基金经理 David Einhorn 警告 AI 领域支出极端化 或带来巨大资本损失

> 对冲基金经理 David Einhorn 警告，尽管人工智能技术具有变革性，但极端的基础设施支出可能导致巨大的资本损失。他指出，苹果、Meta 和 OpenAI 等公司投入的数万亿美元过于极端，回报高度不确定。尽管他认为人工智能的未来超出乐观预期，但对如此巨额投资的回报表示质疑。

对冲基金经理 David Einhorn 警告称，即使人工智能技术本身具有变革性，但前所未有的人工智能基础设施支出可能会摧毁大量资本。这位 Greenlight Capital 的创始人表示，苹果公司、Meta Platforms Inc.和 OpenAI 等公司整体上投入的数万亿美元过于极端，最终的回报高度不确定。虽然他预计人工智能最终将超过目前的乐观预期，但也质疑 “一年投入 1 万亿美元或 5000 亿美元” 是否会给进行这些投资的公司带来良好回报。

### Related Stocks

- [AAPL.US - 苹果](https://longbridge.com/zh-CN/quote/AAPL.US.md)
- [META.US - Meta](https://longbridge.com/zh-CN/quote/META.US.md)
- [OpenAI.NA - OpenAI](https://longbridge.com/zh-CN/quote/OpenAI.NA.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Altman and Amodei share a moment of awkwardness at India’s big AI summit | At the India AI Impact Summit, a moment of awkwardness arose when OpenAI's Sam Altman and Anthropic's Dario Amodei did n | [Link](https://longbridge.com/zh-CN/news/276340986.md) |
| Palmer Luckey Says Don't Trust A Boss Who Pretends Money Doesn't Matter, Oculus Founder Who Once Earned Minimum Wage Explains | Palmer Luckey, founder of Oculus, advises employees to be cautious of bosses who claim money doesn't matter, reflecting  | [Link](https://longbridge.com/zh-CN/news/276012773.md) |
| Fake Milano Cortina sites target thousands with discount scams, cybersecurity firm says | Cybersecurity firm Bitdefender has reported a surge in online scams targeting shoppers with fake Milano Cortina 2026 mer | [Link](https://longbridge.com/zh-CN/news/276149499.md) |
| Financial Advocates Investment Management Lowers Stock Position in Meta Platforms, Inc. $META | Financial Advocates Investment Management reduced its stake in Meta Platforms, Inc. by 66.7% in Q3, now holding 2,343 sh | [Link](https://longbridge.com/zh-CN/news/276432394.md) |
| IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued  | [Link](https://longbridge.com/zh-CN/news/276436345.md) |

---

> **免责声明**：本文内容仅供参考，不构成任何投资建议。
