Basti shum\u00ebvje\u00e7ar i Wall Street-it p\u00ebr IA-n\u00eb po p\u00ebrballet me nj\u00eb prov\u00eb t\u00eb r\u00ebnd\u00eb t\u00eb enjten, pasi investitor\u00ebt mund t\u00eb fillojn\u00eb ta shohin OpenAI-n\u00eb – dhe IA-n\u00eb gjeneruese n\u00eb p\u00ebrgjith\u00ebsi – jo si nj\u00eb katalizator p\u00ebr rritje t\u00eb vazhdueshme, por si nj\u00eb burim rreziku sistemik p\u00ebr Big Tech.<\/p>\n\n\n\n
Nj\u00eb shitje e ndjeshme e aksioneve t\u00eb teknologjis\u00eb t\u00eb enjten n\u00ebnvizoi lodhjen e investitor\u00ebve me modelin “shpenzo tani, fito m\u00eb von\u00eb” q\u00eb ka nxitur tregun n\u00eb rritje t\u00eb IA-s\u00eb p\u00ebr tre vjet. Aksionet e tij q\u00eb ran\u00eb me 12%, duke fshir\u00eb m\u00eb shum\u00eb se 440 miliard\u00eb dollar\u00eb n\u00eb vler\u00eb tregu, nj\u00eb kolaps q\u00eb nuk e kishte par\u00eb q\u00eb nga pandemia. Nasdaq ra pothuajse 2% n\u00eb koh\u00ebn e shkrimit.<\/p>\n\n\n\n
Katalizatori i menj\u00ebhersh\u00ebm, me sa duket, \u00ebsht\u00eb nj\u00eb fokus intensiv n\u00eb shpenzimet kapitale. Microsoft zbuloi se shpenzimet e saj u rrit\u00ebn me 66% n\u00eb 37.5 miliard\u00eb dollar\u00eb n\u00eb tremujorin e fundit, edhe pse rritja n\u00eb biznesin e saj t\u00eb cloud Azure u ftoh pak. Edhe m\u00eb shqet\u00ebsuese p\u00ebr analist\u00ebt, megjithat\u00eb, ishte nj\u00eb zbulim i ri se af\u00ebrsisht 45% e 625 miliard\u00eb dollar\u00ebve t\u00eb kompanis\u00eb n\u00eb detyrimet e mbetura t\u00eb performanc\u00ebs (RPO) – nj\u00eb mas\u00eb ky\u00e7e e kontratave t\u00eb ardhshme cloud – \u00ebsht\u00eb e lidhur drejtp\u00ebrdrejt me OpenAI, zbuloi kompania pas raportimit t\u00eb fitimeve t\u00eb m\u00ebrkur\u00ebn pasdite. (Microsoft \u00ebsht\u00eb si nj\u00eb investitor i madh ashtu edhe nj\u00eb ofrues i sh\u00ebrbimeve cloud-computing p\u00ebr OpenAI.)<\/p>\n\n\n\n
“\u00cbsht\u00eb kolapsi i softuerit dhe ngritja e pajisjeve, dhe \u00ebsht\u00eb trondit\u00ebse,” vuri n\u00eb dukje Jim Cramer i CNBC n\u00eb X t\u00eb enjten, nd\u00ebrsa tregu nd\u00ebshkoi kompanit\u00eb q\u00eb po shpenzojn\u00eb miliarda n\u00eb infrastruktur\u00ebn e softuerit, nd\u00ebrsa nuk po tregojn\u00eb kthime t\u00eb menj\u00ebhershme.<\/p>\n\n\n\n
\u00cbsht\u00eb nj\u00eb statistik\u00eb “ogurzez\u00eb”, shkroi bashk\u00ebthemeluesi i Morning Brew, Austin Rief, n\u00eb X, ve\u00e7an\u00ebrisht e kombinuar me faktin se Meta po planifikon t’i kushtoj\u00eb pjes\u00ebn m\u00eb t\u00eb madhe t\u00eb fluksit t\u00eb tyre t\u00eb parave t\u00eb lira shpenzimeve kapitale. Meta i ka shp\u00ebtuar shitjes me nj\u00eb parashikim t\u00eb t\u00eb ardhurave m\u00eb t\u00eb fort\u00eb se sa pritej, duke treguar nj\u00eb rritje t\u00eb sh\u00ebndetshme t\u00eb t\u00eb ardhurave prej 24% nga viti n\u00eb vit, t\u00eb nxitur nga reklamat online. Fakti q\u00eb Wall Street po e l\u00eb Meta-n t\u00eb shp\u00ebtoj\u00eb me shpenzimet e tyre kapitale gjithashtu masive tregon arsyen pse investitor\u00ebt po shesin: Ata nuk i besojn\u00eb OpenAI-s\u00eb p\u00ebr t\u00eb sjell\u00eb k\u00ebto t\u00eb ardhura vet\u00eb pa infuzione masive t\u00eb parave t\u00eb jashtme.<\/p>\n\n\n\n
Ndryshimi i ndjenj\u00ebs nuk kufizohet vet\u00ebm n\u00eb Redmond. Oracle ka par\u00eb aksionet e saj t\u00eb p\u00ebrgjysmohen nga nivelet e tyre maksimale t\u00eb shtatorit, duke fshir\u00eb gati 463 miliard\u00eb dollar\u00eb n\u00eb vler\u00eb. Dikur nj\u00eb i dashur i tregtis\u00eb s\u00eb IA-s\u00eb, Oracle gjithashtu ka luftuar me besimin e investitor\u00ebve se qendrat masive t\u00eb t\u00eb dh\u00ebnave q\u00eb po nd\u00ebrton p\u00ebr OpenAI do t\u00eb financohen p\u00ebrfundimisht. P\u00ebrve\u00e7 k\u00ebsaj, afati kohor p\u00ebr disa projekte thuhet se \u00ebsht\u00eb ulur n\u00eb vitin 2028, duke krijuar nj\u00eb hendek midis shpenzimeve t\u00eb m\u00ebdha t\u00eb kompanis\u00eb t\u00eb financuara nga borxhi dhe mb\u00ebrritjes s\u00eb t\u00eb ardhurave aktuale.<\/p>\n\n\n\n
OpenAI ka b\u00ebr\u00eb rreth 1.4 trilion dollar\u00eb angazhime p\u00ebr t\u00eb siguruar si energjin\u00eb ashtu edhe llogaritjet q\u00eb i nevojiten p\u00ebr t\u00eb ushqyer operacionet e saj. Por t\u00eb ardhurat e saj mezi kaluan 20 miliard\u00eb dollar\u00eb n\u00eb vitin 2025.<\/p>\n\n\n\n
Investitor\u00ebt jan\u00eb gjithnj\u00eb e m\u00eb kritik\u00eb ndaj asaj q\u00eb ata e p\u00ebrshkruajn\u00eb si marr\u00ebveshje “rrethore” q\u00eb p\u00ebrfshijn\u00eb lojtar\u00ebt m\u00eb t\u00eb m\u00ebdhenj t\u00eb industris\u00eb. T\u00eb m\u00ebrkur\u00ebn n\u00eb mbr\u00ebmje, The Information raportoi se OpenAI po k\u00ebrkon nj\u00eb financim t\u00eb ri prej 60 miliard\u00eb dollar\u00ebsh nga gjigant\u00eb si Nvidia dhe Amazon. Megjithat\u00eb, reagimi i tregut sugjeron se m\u00eb shum\u00eb kapital nuk do t\u00eb jet\u00eb m\u00eb nj\u00eb z\u00ebvend\u00ebsim i q\u00ebndruesh\u00ebm p\u00ebr nj\u00eb model biznesi. “Ndoshta aksionet e Oracle u b\u00ebn\u00eb shum\u00eb p\u00ebrpara bazave dhe tani tregu po thot\u00eb: ‘N\u00eb rregull, m\u00eb trego, dua ta shoh'”, tha Eric Diton, president i Wealth Alliance, p\u00ebr Yahoo Finance.<\/p>\n\n\n\n
Fortune.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Basti shum\u00ebvje\u00e7ar i Wall Street-it p\u00ebr IA-n\u00eb po p\u00ebrballet me nj\u00eb prov\u00eb t\u00eb r\u00ebnd\u00eb t\u00eb enjten, pasi investitor\u00ebt mund t\u00eb fillojn\u00eb ta shohin OpenAI-n\u00eb – dhe IA-n\u00eb gjeneruese n\u00eb p\u00ebrgjith\u00ebsi – jo si nj\u00eb katalizator p\u00ebr rritje t\u00eb vazhdueshme, por si nj\u00eb burim rreziku sistemik p\u00ebr Big Tech. Nj\u00eb shitje e ndjeshme e aksioneve t\u00eb<\/p>\n","protected":false},"author":4,"featured_media":24124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[40],"class_list":{"0":"post-25967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech","8":"tag-featured"},"yoast_head":"\n