---
title: "對沖基金經理 David Einhorn 警告 AI 領域支出極端化 或帶來巨大資本損失"
description: "對沖基金經理 David Einhorn 警告，儘管人工智能技術具有變革性，但極端的基礎設施支出可能導致巨大的資本損失。他指出，蘋果、Meta 和 OpenAI 等公司投入的數萬億美元過於極端，回報高度不確定。儘管他認為人工智能的未來超出樂觀預期，但對如此鉅額投資的回報表示質疑。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/258959080.md"
published_at: "2025-09-26T00:08:06.000Z"
---

# 對沖基金經理 David Einhorn 警告 AI 領域支出極端化 或帶來巨大資本損失

> 對沖基金經理 David Einhorn 警告，儘管人工智能技術具有變革性，但極端的基礎設施支出可能導致巨大的資本損失。他指出，蘋果、Meta 和 OpenAI 等公司投入的數萬億美元過於極端，回報高度不確定。儘管他認為人工智能的未來超出樂觀預期，但對如此鉅額投資的回報表示質疑。

對沖基金經理 David Einhorn 警告稱，即使人工智能技術本身具有變革性，但前所未有的人工智能基礎設施支出可能會摧毀大量資本。這位 Greenlight Capital 的創始人表示，蘋果公司、Meta Platforms Inc.和 OpenAI 等公司整體上投入的數萬億美元過於極端，最終的回報高度不確定。雖然他預計人工智能最終將超過目前的樂觀預期，但也質疑 “一年投入 1 萬億美元或 5000 億美元” 是否會給進行這些投資的公司帶來良好回報。

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