????????……?A????????

???????????????????2?8???????(??? ??)DeepSeek??,??????????????

?,??????????,??,??????????????

“?????‘?’??????”

????????????(2?????????4???????????),??,??MSCI?????????????14%?????????????????????,????28%?

2????????7???????????,????(Peter Milliken)??????????????????,“??????????‘?????????’???????A?????2024???????????????,??”

?????????????????7?????????????????,???,???????????,??????500?????

DeepSeek“???????”???????

A?????????????????????????????

??,???????DeepSeek???????????????????,????????“??????”,????????????????????????“??”?????????????????????????,?????

?????????????????????,DeepSeek??,?????????????,????AI?????????????????,A???????AI???

“???????????????????,???66%???”????????????????????????

????????,??,???????,2025??????????????

???????

?????????????????????????,????????????????????????

???????????????????,2025????,?????????????????????“?????????,?????????????????????????”???????2025?????

?,???,?????,???????????????????????A???

????,?????????????????????????,??????,????????????????

??????,??????,??????,????,????????????????????????(??????????)