[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1ehkaxw70hgd":3},{"_id":4,"slug":5,"title":6,"subtitle":7,"kind":8,"cards":9,"tags":13,"categories":14,"source":15,"lang":18,"author":19,"audioState":18,"stats":22,"publishedAt":25,"renderer":26},"6ab9d214ca21c797c7e97218","ai-35372ab6","华尔街传奇空头：AI泡沫可能是历史上首个“四合一”泡沫","华尔街传奇空头、“安然终结者”吉姆·查诺斯表示，这轮AI热潮最特殊的地方，是它几乎同时集齐了历史上四种重大繁荣周期的驱动力：政府政策、技术狂热、信用融资和房地产建设。过去的大泡沫往往只占其中一两项，而AI既有政策推动和技术叙事，又开始依赖大量信用融资，同时数据中心建设本身又是一场巨大的工业地产扩张。四个驱动器同时运转，让这一轮AI周期的金融风险也随之放大。","news",[10],{"headline":6,"body":7,"imageUrl":11,"images":12},"\u002Fapi\u002Fmedia\u002Fposts\u002Fai-35372ab6\u002F0.webp",{"local":11},[],[],{"name":16,"url":17},"Gelonghui","https:\u002F\u002Fwww.gelonghui.com\u002Fp\u002F6815077",null,{"handle":20,"displayName":21},"spots","Spots",{"views":23,"likes":24,"saves":24,"shares":24,"completions":24,"opens":24,"skips":24,"depthSum":24},5,0,"2026-09-28T02:33:56.202Z","local"]