????????……?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???

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

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

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

?????????

?????????????……?A?????????????

????????