Kwenzekeni
I-Asia Business Daily ibika ukuthi umjikelezo omusha wokuqongelela imali we-DeepSeek uvuse isiphithiphithi sesibili ezimakethe, njengoba izimali zangaphambi kokutshalwa kwezimali zezimoto ezinenhloso ekhethekile (SPVs) zikhuphuke zafinyelela ku-6-15% uma kuqhathaniswa no-2%. Le nkampani ifuna ukutshalwa kwezimali ngenani lama-dollar ayizigidi eziyizinkulungwane ezingama-71-74 futhi ikhethe ababhala phansi abane be-IPO ezayo eMakethe ye-STAR ye-Shanghai Stock Exchange.
I-Asia Business Daily, icaphuna i-Financial Times, ibika ukuthi ukufunwa kweziteki ku-DeepSeek kuholele ekwakhiweni kwemakethe yesibili ngezimoto ezinenhloso ekhethekile (SPVs). Abatshalizimali banikezwa izinhlaka zokutshala izimali ezingaqondile ngokusebenzisa izingqimba eziningi zezimali, okuholela ezindlekweni eziphakeme kakhulu.
Ngokukhethekile, imali ekhokhwa ngaphambi kokutshala imali inyuke yafinyelela ku-6% esigabeni sokuqala no-8% kwesilandelayo, uma kuqhathaniswa no-2% ojwayelekile ezimotweni ezifanayo. Ezigabeni eziphansi, izinkokhelo zidlula u-15% nezinkokhelo zokusebenza ezifinyelela ku-40%. Inani elincane lokutshalwa kwezimali kubikwa ukuthi liyizigidi ezingu-10 zamayuan (cishe amaRandi ayizigidi ezingu-1.5).
I-DeepSeek, eyake yaphakamisa amaRandi ayizigidi eziyizinkulungwane ezingu-7 ngenani lamaRandi ayizigidi eziyizinkulungwane ezingu-52, manje ifuna ukutshalwa kwezimali okusha ngenani elilinganiselwa ku-$71 billion kuya ku-$74 billion. Le nkampani ibeke imibandela eqinile, okuhlanganisa nokuvinjelwa iminyaka emihlanu ukuthengisa amasheya kanye nokungabi namalungelo okuvota, ukuze kugcinwe ukulawula kwabaphathi.
Ukwengeza, i-Asia Business Daily icaphuna i-South China Morning Post ukubika ukuthi i-DeepSeek ikhethe ababhali bangaphansi abaholayo abane, okuhlanganisa ne-China International Capital Corporation, futhi ihlose ukuqala inqubo ye-IPO kulo nyaka e-STAR Market e-Shanghai Stock Exchange.
Imininingwane yomthombo: asiae.co.kr ↗
Kungani kubalulekile
Ukwenyuka kwezindleko kanye nokwakhiwa kwemakethe yesibili kukhombisa ukwethemba abatshalizimali ngokwedlulele ekubalweni nasekukhuleni kwe-DeepSeek, naphezu kwemikhawulo eqinile yokuvala nokuvota. Le ntuthuko ikhombisa ukukhula kwemakethe yemali ekhulayo yamafemu e-AI yase-China futhi igqamisa imali ekhokhwayo ebekwe ekulinganeni ezinkampanini eziholayo ze-AI, okungenzeka kube yisibonelo sokulinganisa esikhathini esizayo kulo mkhakha.
Ukuphindwa kathathu kwezindleko ezijwayelekile zokutshalwa kwezimali kwangaphambi kokutshala kukhombisa ukuthi isidingo sabatshalizimali se-DeepSeek yezabelomali sidlula kude ukunikezwa, okudala inkokhelo yokufinyelela enhlokodolobha yenkampani. Lesi yinkomba ebambekayo yemizwa yemakethe kubaholi baseChina be-AI.
Ukuba khona kwemakethe yesibili ehlelekile enezindleko eziphezulu kusikisela ukuthi abatshalizimali bezikhungo nababiza imali ephezulu bazimisele ukukhokha izindleko ezibalulekile zokuchayeka ku-DeepSeek, okubonisa ukuzethemba enalulweni yayo yesikhathi eside naphezu kokuntuleka kwemali esheshayo noma amandla okuvota.
Le ntuthuko ibalulekile embonini ebanzi ye-AI njengoba igqamisa isikali sezezimali kanye nentshisekelo yabatshalizimali ezinkampanini ezisezingeni eliphezulu ze-AI, okungaba nomthelela kumabhentshimakhi wokulinganisa kwezinye iziqalo ze-AI esifundeni.
I-Interactive Mechanism: Indlela Esebenza Ngayo Ngempela
Hlola ubuchwepheshe obuyisisekelo ngemuva kwalokhu kuthuthukiswa ngokuhlanganyela.
What should a useful AI forecast state?
Ongakubuka ngokulandelayo
Gada ukufakwa kwe-IPO okusemthethweni nezimemezelo ezibhalwe ngaphansi, kanye nanoma yikuphi ukucutshungulwa kokulawula okuphathelene nezindleko eziphezulu nezakhiwo zemakethe yesibili. Buka izibuyekezo zokusimama kokulinganisa kwe-DeepSeek nokuthi imali etholwayo ye-IPO isetshenziselwa yini ukunwetshwa kwengqalasizinda noma i-R&D.
I-IPO prospectus esemthethweni kanye nemibhalo yokugcwaliswa izohlinzeka ngemininingwane eqinisekisiwe yokuhlolwa kokugcina, izinhlaka zezindleko, kanye nokusetshenziswa kwenzuzo.
Izimpendulo ezingokomthetho ezinkokhelweni eziphezulu nemisebenzi yemakethe yesibili zingase zibe nomthelela endleleni imijikelezo efanayo yokuqongelela imali eyenziwa ngayo esikhathini esizayo.
Ikhono le-DeepSeek lokugcina ukulinganisa kanye nomfutho walo wokusebenza phakathi nenqubo ye-IPO lizoba inkomba ebalulekile yokusimama kwayo kanye nesimo semakethe.