彭博报道称，亚洲杠杆 AI 仓位出现追加保证金，券商警告平仓可能继续，估值在交易完成前或进一步下跌。Anthropic 的 IPO 买方讨论的估值低至 1.1 万亿美元，此前估计最高 2 万亿美元，私募轮为 9650 亿美元。
彭博汇总的三笔融资重定价显示，AI 高估值正在被市场回调，读者可据此观察一级市场情绪变化。
Bloomberg: Margin calls on leveraged AI positions in Asia, plus broker warnings that the unwinding may continue, suggest valuations could fall further before these deals close.
Anthropic’s IPO buyers are discussing a valuation as low as $1.1T, compared with earlier estimates of up to $2T and a $965B private round.
OpenAI cut its fundraising goal from $30B at $1.4T to about $20B at $1.25T, and has about $11B committed so far.
Investors pushed Nscale’s IPO valuation from a requested $30B to a $16B to $19B range, so the repricing reaches beyond the 2 largest model makers.
来源：Rohan Paul · x.com