Umncintiswano wokuhola ingqalasizinda yobuhlakani bokwenziwa emhlabeni wonke ungene esahlukweni esisha ngesinyathelo sakamuva seNvidia. Le nkampani ye-chip ivale ukutshalwa kwezimali okusha kwezigidi zamaRandi eCoreWeave, omunye wabalingani bayo bamafu amaqhinga, ngenhloso yokusheshisa ukwakhiwa kwezikhungo zedatha ezigxile ku-AI eminyakeni ezayo.
Lokhu kuthengiselana kuqinisa ubudlelwano obunesikhathi eside futhi kuqinisa isikhundla seNvidia njengomunye wabanikazi bamasheya abakhulu beCoreWeave . Ngaphezu kokunikeza imali, isivumelwano sihlanganisa ukubambisana okujulile kwezobuchwepheshe kanye nendima ebalulekile yenkampani kaJensen Huang ekuklameni lokho okubizwa ngokuthi "amafektri e-AI," azoba nomsebenzi wokusekela ukukhuphuka kwamamodeli akhiqizayo kanye nezinye izinhlelo ezithuthukisiwe.
Imininingwane yokutshalwa kwezimali: inani, intengo kanye nobunikazi bamasheya
Ngokusho kwesitatimende esihlanganyelwe esivela kuzo zombili izinkampani, iNvidia ibeke eceleni u-$2.000 billion (cishe u-€1.670-1.690 billion) ukuze ithenge amasheya avamile e-Class A e-CoreWeave. Lokhu kuthengiselana kwenziwe ngentengo engu- $87,20 ngesabelo ngasinye , okumele ukuthengwa kwamasheya engeziwe angaba yizigidi ezingu-23.
Ngaphambi kwalokhu kuthutha, iNvidia yayivele ingumnikazi wesabelo sesithathu ngobukhulu eCoreWeave , cishe i-6,3% yenhloko-dolobha, okulingana namasheya angaphezu kwezigidi ezingu-24. Ngemva kokufakwa kwemali, isabelo sayo sikhuphukela cishe ku -12,2% , siyibeka njengomtshali-zimali wesibili ngobukhulu enkampanini, ilandela iMagnetar Financial kuphela futhi idlula ezinye izimali ezifana neJane Street kanye neFidelity.
Lesi simemezelo sibe nomthelela osheshayo ezimakethe: Amasheya e-CoreWeave akhuphuke ngamanani aphindwe kabili ku-Nasdaq, inzuzo idlula u-9%-14% emahoreni okuqala okuhweba , ifinyelela amazinga angaphezu kuka-$100 ngesabelo ngasinye. Lokhu kukhuphuka kwenezela ekukhuleni konyaka nonyaka okungaphezu kuka-40%, okubeka imali yemakethe yenkampani ngaphezu kuka- $50.000 billion , kuye ngesikhathi sosuku.
Le nkampani enkulu ye-semiconductor, ngakolunye uhlangothi, igcina imali yemakethe engaphezu kwama- $4,5 trillion , okuyihlanganisa njengenye yezinkampani ezibaluleke kakhulu emhlabeni futhi iyivumela ukuthi ibhekane nalolu hlobo lokusebenza ngaphandle kokucindezeleka okubonakalayo ebhalansini layo.
Uku-oda kusengaphambili kwezigidi zamaRandi kanye nobumbano olukhulayo
Ukufakwa kwemali eyengeziwe akuqali ekuqaleni: ezinyangeni ezedlule, iNvidia yayivele izibophezele ku- oda lezinsizakalo zamafu lesikhathi eside neCoreWeave enenani elilinganiselwa ku-$6.300 billion . Leso sivumelwano siqinisekisa ukufinyelela okukhethekile kweNvidia kumandla ekhompyutha yamafu ngokusekelwe kuma-GPU ayo, aqhutshwa yingqalasizinda yeCoreWeave, eminyakeni eyishumi ezayo.
Kulesi sinyathelo esisha, inkampani yezobuchwepheshe igcizelela ukuthi ukutshalwa kwezimali akugcini nje ngokwezimali, kodwa futhi kubonisa ukuzethemba kwayo kumodeli yebhizinisi le-CoreWeave kanye nesu lokukhula njengeplatifomu yamafu eyakhelwe phezu kwehadiwe nesofthiwe ye-Nvidia. Umgomo uwukuqinisa ukuhlanganiswa phakathi kwengqimba yengqalasizinda (izikhungo zedatha, amandla, amanethiwekhi) kanye nengqimba yokubala esheshisiwe enikezwa ama-GPU omkhiqizi.
Ku-CoreWeave, ukusekelwa komlingani wemboni olingana ne-Nvidia akugcini nje ngokwenza kube lula ukuthengwa kwamakhasimende, kodwa futhi kuvula umnyango wokufinyelela kusenesikhathi ezizukulwaneni eziningana zemikhiqizo yenkampani yama-chip, iphuzu elibalulekile embonini lapho ukusebenza komklamo ngamunye omusha kungenza umehluko ngokumelene nomncintiswano.
Inhloso ka-2030: Ama-gigawatt angaphezu kwama-5 emafektri e-AI
Ingqikithi yesivumelwano ihilela uhlelo olukhulu lokukhulisa ingqalasizinda: zombili izinkampani zihlose ukufaka amandla angaphezu kwama-gigawatts ama-5 ezikhungweni zedatha ze-AI ngo-2030. Lesi sibalo sinikeza umbono wesilinganiso sephrojekthi, njengoba sihilela ukuthuthukisa inethiwekhi yezikhungo ezikwazi ukusekela imisebenzi yokuqeqesha kanye nokuqagela yamamodeli e-AI amakhulu.
Izikhungo ezintsha zedatha, ezaziwa nangokuthi "amafektri e-AI ," zizoklanywa, zakhiwe, futhi zisetshenziswe yi-CoreWeave, kuyilapho i-Nvidia izofaka isandla sayo sepulatifomu yayo yokubala esheshayo: ama-GPU esizukulwane esilandelayo, izinhlelo zokuxhumanisa ezisheshayo, kanye nezixazululo zokugcina kanye nokuxhumana ezithuthukisiwe. Le ndlela ihlose ukwenza ngcono umjikelezo wokuphila wamamodeli, kusukela ekuqeqeshweni kwangaphambi kwesikhathi kuya ekusetshenzisweni okukhulu ekukhiqizeni.
Uma sibheka phambili ekuqalisweni kohlelo, amandla ezezimali eNvidia azovumela i-CoreWeave ukuthi isheshise ukuthengwa komhlaba, ukufinyelela ugesi, kanye nokwakhiwa kwezikhungo - izinto ezintathu eziye zaba yizithiyo ekusetshenzisweni komhlaba wonke kwengqalasizinda ye-AI. Ukunikezwa kukagesi, ikakhulukazi, kungenye yezinto ezibalulekile ukuze la maphrojekthi akhule eYurophu nase-United States.
Ngaphezu kwalokho, isivumelwano sicabangela ukusetshenziswa okujulile kwesofthiwe ye-CoreWeave, okuhlanganisa nezixazululo ezifana ne -SUNK kanye ne-Mission Control , ngenhloso yokuphatha kahle nokuhlela izinsizakusebenza zekhompyutha ezizotholakala kumakhasimende ebhizinisi kanye nabathuthukisi bamamodeli athuthukile.
Ubuchwepheshe beNvidia: I-Rubin, i-Vera ne-Bluefield zihamba phambili
Esinye isici esibalulekile salo mfelandawonye ukuvuselelwa okuqhubekayo kwesendlalelo sobuchwepheshe. I-CoreWeave izoba phakathi kwezinkampani zokuqala ukusebenzisa izizukulwane ezilandelayo zengqalasizinda ye-Nvidia , ngokufinyelela kusenesikhathi ezakhiweni ezifana ne-Rubin, ama-CPU e-Vera, kanye nezinhlelo zokugcina nokuxhumana ezihlakaniphile ze-Bluefield.
Lokhu kwamukelwa kusenesikhathi kuzovumela izikhungo zedatha ze-CoreWeave ukuthi zihlale ziphambili ekusebenzeni kwekhompyutha okusheshayo , okuyisidingo esibalulekile ukuze kuhlangatshezwane nesidingo sezinkampani ezinkulu zobuchwepheshe, izinkampani ezintsha ze-AI, kanye namabhizinisi endabuko afaka amamodeli akhiqizayo kanye nezinhlelo zokuhlaziya idatha ezinkulu.
Ukusetshenziswa okuhlangene kwama-GPU esizukulwane esilandelayo, ama-CPU amasha anikezelwe ekucutshungulweni okujulile, kanye nezixazululo zokugcina kanye nokuxhumana ezithuthukisiwe kuhloswe ukunciphisa izindleko ngeyunithi ngayinye yokubala, ukuthuthukisa ukusebenza kahle kwamandla, kanye nokunciphisa izikhathi zokuqeqesha kanye nokuqagela - izici ezibalulekile kwezomnotho ze-AI enkulu.
Ngesikhathi esifanayo, isivumelwano sibeka ukuthi i-CoreWeave izosebenzisana eduze ne-Nvidia ekuhlolweni nasekuqinisekisweni kwezakhiwo zokubhekisela kanye nesofthiwe ye-AI yomdabu , ukuze ukuthuthukiswa kobuchwepheshe okulethwayo kufinyelele ngokushesha kumakhasimende abo bobabili abalingani.
Ukusabela kwemakethe kanye nendima yeCoreWeave njenge-"neocloud"
Izindaba zokwanda kwamasheya eNvidia ziguqule imakethe yamasheya enamandla yeCoreWeave , ngenzuzo edlula u-10-14% ngezinye izikhathi phakathi nosuku kanye nokukhula okuqhubekayo okungaphezu kuka-40% kusukela ekuqaleni konyaka. Le nkampani, esanda kuqala emakethe, isivele ingenye yamagama aqashelwe kakhulu esigabeni sabahlinzeki bengqalasizinda yamafu egxile ku-AI.
I-CoreWeave izibonakalise njengomunye wabahlinzeki ababizwa ngokuthi "i-neocloud" , izinkampani ezinikeza abantu besithathu ihadiwe, amandla ekhompyutha, kanye nezinsizakalo zamafu ezidingekayo ukuthuthukisa, ukusebenzisa, kanye nokusebenzisa ubuchwepheshe bobuhlakani bokwenziwa. Ekuqaleni yayizinikele ekumbiweni kwe-cryptocurrency, inkampani yasebenzisa kabusha ingqalasizinda yayo ukuqasha ama-GPU e-Nvidia ezinkampanini zobuchwepheshe kanye namalabhorethri e-AI, izuza ngokukhula kwamamodeli akhiqizayo.
Lokhu kubekwa kuyivumela ukuthi isebenze njengomxhumanisi obalulekile phakathi kwabakhiqizi bama-chip namakhasimende amakhulu , ngesikhathi lapho isidingo samandla okusebenzisa amakhompyutha sidlula kakhulu ukunikezwa okutholakalayo. Ku-Nvidia, ukuba nomlingani okhethekile walolu hlobo kwenza kube lula ukusebenzisa ubuchwepheshe bayo kumaphrojekthi adinga ukuguquguquka nokuguquguquka, ngaphandle kokusebenzisa ngqo zonke izikhungo zedatha.
Lo mjikelezo omusha wokuxhaswa ngezimali ufika ngesikhathi lapho imboni ibhekisisa indima yeNvidia njengomtshali-zimali ezinkampanini eziningi ze-AI kanye nabahlinzeki bamafu . Abanye abahlaziyi baphakamise ukukhathazeka mayelana nokuguquguquka kwezimali okujikelezayo okungenzeka, yize i-CoreWeave igcizelele ukuthi imali etholwayo ngeke isetshenziselwe ukuthenga amaprosesa e-Nvidia, kodwa kunalokho ukuqinisa ukutshalwa kwezimali ezikhungweni zedatha, i-R&D, kanye nokuqasha.
Esinye isinyathelo ekuhlaselweni kwe-AI yomhlaba wonke kweNvidia
Isivumelwano se-CoreWeave sihambisana nesu elibanzi lapho i-Nvidia yandisa khona ubudlelwano bayo kanye nokutshalwa kwezimali ezinkampanini ezixhumene ne-AI kanye nezikhungo zedatha zesizukulwane esilandelayo. Ezinyangeni zakamuva, inkampani ibilokhu ihilelekile noma ihola izivumelwano ezisukela kubathuthukisi bamamodeli kuya kubaphathi bezingqalasizinda kanye nabahlinzeki besofthiwe yokuklama ama-chip.
Phakathi kwalezi zinhlelo, izibopho zokutshalwa kwezimali ezingamashumi ezigidigidi zamaRandi ziyagqama ngokomthamo kanye nomthelela, kanye nabadlali abanjengo-OpenAI , Anthropic, kanye nabaqhubi abakhulu bezikhungo zedatha . Iphinde yavala izivumelwano ezibalulekile nabakhiqizi be-semiconductor, abahlinzeki bezokuxhumana, kanye nabathuthukisi bamathuluzi okuklama, ihlose ukuvikela lonke uchungechunge lwenani oludingekayo ekusetshenzisweni okukhulu kobuhlakani bokwenziwa.
Izintshisekelo zomthetho kanye nokuhlolwa kwabatshalizimali kuye kwanda njengoba iNvidia isibe yisilinganiso esihamba phambili semakethe yamasheya esihlobene nokukhula kwe-AI . Noma kunjalo, inkampani igcizelela ukuthi lokhu kutshalwa kwezimali kubonisa umbono wesikhathi eside osekelwe ekukhuleni okuqhubekayo kwesidingo samakhompyutha akhethekile.
Kulesi simo, ukubambisana okuqinisiwe ne-CoreWeave kunezela enye ingxenye kule nkinga: umlingani ogxile efwini elisebenza kahle kakhulu, elihambisana nobuchwepheshe kanye nezezimali, lapho angasebenzisa khona amakhono amasha engqalasizinda e-United States nakwezinye izimakethe lapho ukulawulwa kanye nokutholakala kwamandla kuvumela khona.
Ukwanda kwesabelo seNvidia ku-CoreWeave, kanye nohlelo lokufaka amandla angaphezu kwama-gigawatts ama-5 efektri ye-AI kanye nokufinyelela okubalulekile kwihadiwe yesizukulwane esilandelayo, kubonisa izinga impi yengqalasizinda yobuhlakani bokwenziwa elwiwa ngalo manje emazingeni kazwelonke kanye nemboni. Ngenkathi izimakethe zihlola lokhu kutshalwa kwezimali kanye nabalawuli beqapha eduze umthelela wazo, ukubambisana phakathi kwalezi zinkampani ezimbili kuvela njengomshayeli oyinhloko wokufakwa kwesikhungo sedatha sesizukulwane esilandelayo eminyakeni ezayo.
