亿万富翁迈克尔·诺沃格拉茨表示，人工智能正处于“我们这一代人最大的泡沫”之中，投资者应该果断入场。
Michael Novogratz said artificial intelligence is in the “biggest bubble of our lifetime,” and investors should jump in.
周二，与人工智能相关的股票上涨推动标普500指数创下历史新高，芯片巨头英伟达公司的市值接近6万亿美元。尽管长期借贷成本持续攀升令前景蒙上阴影，但在诺沃格拉茨看来，这些阻力还不足以终结当前的牛市。
Gains in AI-linked shares helped push the S&P 500 Index to a record high Tuesday, with chip darling Nvidia Corp.’s market value approaching $6 trillion. While the relentless march higher in long-term borrowing costs is clouding the outlook, as Novogratz sees it, such headwinds aren’t enough to derail the bull run.
周二，他在康涅狄格州格林尼治举行的格林尼治经济论坛的一场小组讨论中表示：“泡沫的终结方式不会像今天这样。我清楚泡沫是如何终结的——通常都以极其戏剧性的方式收场，而目前的情况还远未达到那种程度。”作为加密货币集团Galaxy Digital Inc.的创始人兼首席执行官，他认为从市盈率角度来看，与人工智能相关的股票仍然估值偏低。
“Bubbles don’t end like we are today,” he said on Tuesday on a panel at the Greenwich Economic Forum in Greenwich, Connecticut. “I know how bubbles end, and they end spectacularly, and this isn’t spectacular enough.”For the founder and chief executive officer of cryptocurrency conglomerate Galaxy Digital Inc., AI-linked stocks still look cheap on a price-to-earnings basis.
他说：“如果你没有投资人工智能，那还不如直接回家把头埋进一桶冰里。”
“If you were not invested in AI, you might as well just go home and put your head in a bucket of ice,” he said.
Galaxy拥有两大业务板块：一个围绕加密货币和数字资产展开，另一个则是不断壮大的、专注于人工智能基础设施的部门。其业务涵盖交易、借贷、做市、风险投资和比特币挖矿。近期，公司还开始将部分挖矿基础设施改造为高性能计算资源，用于支持人工智能工作负载。
Galaxy has two businesses, one that revolves around crypto and digital assets, and a growing part that’s focused on AI infrastructure. Its operations span trading, lending, market making, venture investments, and Bitcoin mining. More recently, it has begun repurposing some of its mining infrastructure to provide high-performance computing capacity for AI workloads.
他还表示，随着外界对中国可能在人工智能竞赛中超越美国的担忧日益加剧，该行业及监管机构不太可能叫停推动这项技术发展的努力。
With worries swirling about the risk that China will surpass the US in the race to develop AI, that makes it less likely the industry and regulators will put the brakes on its efforts to advance the technology, he said.
诺沃格拉茨表示：“民主党与共和党都真切地感到，我们必须在‘中国抢先一步’之前解决这个问题，这对我们来说几乎关乎生存。正因如此，我们将很难减缓人工智能的发展速度，甚至就连那些正在开发人工智能的人所希望达到的减速程度，我们也难以实现。”与此同时，随着人们对政府债务前景的担忧日益加剧，他认为加密货币资产具备走强的潜力。比特币已从年中低点反弹，但周三其价格约为8.3万美元，仍远低于一年前约12.6万美元的峰值。
There is a real feeling “with both the Democratic and the Republican Party that this is somewhat existential for us to get before China gets,” Novogratz said. “Because of that, we’re going to have a really hard time slowing AI down, even to the level that the guys building it want to slow it down.”Meanwhile, he sees a case for strength in crypto assets amid growing concerns over the outlook for government debt. Bitcoin has recovered from its mid-year lows, though at about $83,000 on Wednesday it remains well below its peak of around $126,000 a year ago.
他预计，比特币可能在2026年底达到10万美元左右，并在2027年中期突破其历史最高纪录。
He expects Bitcoin could end 2026 around the $100,000 level and plow past its all-time high by the middle of 2027.