原帖引用 · AI 翻译
Rohan Paul@rohanpaul_ai
彭博社：亚洲杠杆式 AI 头寸遭遇追加保证金要求，加上经纪商警告平仓可能持续，表明在这些交易完成前，估值可能进一步下跌。
Anthropic 的 IPO 买家正在讨论低至 1.1 万亿美元的估值，而此前的估值预期最高为 2 万亿美元，私募融资轮估值为 9650 亿美元。
OpenAI 将融资目标从估值 1.4 万亿美元时的 300 亿美元，降至估值 1.25 万亿美元时的约 200 亿美元；目前已获得约 110 亿美元的投资承诺。
投资者将 Nscale 的 IPO 估值从其要求的 300 亿美元压至 160 亿至 190 亿美元区间，因此估值重定价的影响已超出 2 家最大的模型开发商。
原文
Bloomberg: Margin calls on leveraged AI positions in Asia, plus broker warnings that the unwinding may continue, suggest valuations could fall further before these deals close. Anthropic’s IPO buyers are discussing a valuation as low as $1.1T, compared with earlier estimates of up to $2T and a $965B private round. OpenAI cut its fundraising goal from $30B at $1.4T to about $20B at $1.25T, and has about $11B committed so far. Investors pushed Nscale’s IPO valuation from a requested $30B to a $16B to $19B range, so the repricing reaches beyond the 2 largest model makers.
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