金吾财讯 | 摩根士丹利在其研究报告中提到，DeepSeek 的出现正促使市场对 AI 经济结构的认知发生转变，人工智能市场呈现出愈发明显的分化态势。一方面，存在着面向那些不惜投入高昂成本以抢占领先地位的实体的高端市场；另一方面，对于众多其他市场参与者而言，AI 更多地扮演着成本中心的角色，他们普遍期望能获取更为廉价的服务。
报告着重指出，DeepSeek 带来的最具意义的影响在于，它从根本上颠覆了人们对 AI 发展前景的固有认知。这并非仅仅因其自身，或是其中国背景与成本因素，而是揭示了 AI 发展进程中相当大的一部分正在经历深刻变革。曾经，人们普遍认为只有寥寥几家公司有能力高效打造支撑人工智能运行所需的超强大芯片及基础设施，且只有少数胜出企业才有能力承担进入这一领域的高昂成本。然而，DeepSeek 的实践表明，不走寻常路同样能收获丰厚回报。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.