???????????????????

????:???????:??????????

?????8??????8????? ???????????:???

???????????? ??????????????????????????

????,????????????CVC(?????),???BAT(???????????????),???????????????????????????7??,CVC??????????????????,??CVC???????

????????,?10?????????????CVC?????,??????????5?????50????,??????????????????????????????????????(????????)????BAT,?(???)?????????????????(??????????????)?????,?31.3%?27.7%?27.1%?

???????????,???CVC?????????????200?????,????????????????????????????,?????????50???

??,?????,?CVC??,??????CVC???“????,??????”

???7????????,??“??????????”,?“????”???????????????,????(VC)??VC??,???????,??,??IPO????????

“?????????,???8??????????IPO,?????????????,????????,???100???????????????????,???,??????????’???????’??????????”????,IPO???????????,?????

?????,??????????????????????????????,???,???????,????2.0?????????????????????????????,????????

?????,AI????????????,???????????????????????????????OpenAI????????“??????????????????????,??”,????????????????“??????????”,???????“??????????”??(?????) ??????:?????????