???????……??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??????

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

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