宏观研究:AI资本开支 体量有多大?

华创证券有限责...
25 Feb

核心观点近期阿里宣布加大AI 投资,其他厂商或将跟进,我们关注其宏观体量。考虑:1)阿里,预计2025 年AI 投资额为1300 亿、增量约533 亿;2)三大运营商,预计AI 投资额为1000 亿、增量约200 亿元;3)其他企业未有明确数据,假设腾讯、字节两大厂商AI 投资额、投资增量与阿里持平,则合计6 家企业,2025 年AI 投资额约为4900 亿、增量投资额约1799 亿元,或拉动...

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