法拉利董事长约翰·埃尔坎对可能出现的人工智能泡沫现象并不担忧，但他警告称，人工智能领域的供需失衡可能给市场带来风险。
Ferrari chairman John Elkann has shrugged off concerns about a potential artificial intelligence bubble — but he warns an AI supply and demand mismatch could pose a risk to markets.
在周五接受CNBC独家采访时，这位亿万富翁实业家兼Meta平台公司董事会成员表示，他对未来十年人工智能产业的发展前景持乐观态度。他通过家族控股公司Exor对多家科技公司进行了投资。
In an exclusive interview with CNBC Friday, the billionaire industrialist and Meta Platforms board member, who has invested in technology companies through his family's holding company Exor, expressed optimism for the AI buildout in the decade ahead.
作为跨国汽车集团Stellantis的董事长，埃尔坎指出，人工智能技术对能源与算力的需求依然居高不下。
Elkann, who is also chairman of auto multinational Stellantis, said the energy and compute requirements for AI-enabled technologies remains high.
“目前尚不确定的是，这项技术究竟能通过何种方式创造收入以及形成怎样的商业模式，”他说道，“正因如此，我们才需要密切关注供需失衡可能发生的领域。”埃尔坎指出，泡沫现象有多种类型：有的纯粹由金融投机驱动，有的则是由于投资与基础设施的快速扩张所致。不过他认为，投资者应当始终关注技术发展的整体趋势。
"What is less certain is what are the revenue-generating mechanisms and business models out of that technology," he said. "That's where you need to see where the mismatch can happen." Elkann said there were different types of bubbles, ranging from those driven purely by financial speculation to those fueled by a rapid buildup of investment and infrastructure. But he said investor focus should remain squarely on the technology's direction of travel.
“我并不认同‘存在泡沫’这一观点，”他说道，“我认为，无论是否存在泡沫或泡沫破裂，都不会阻碍技术的进步及其发展进程。”在都灵举行的2026年Wave科技大会（原意大利科技周）期间，埃尔坎在接受CNBC记者卡罗琳·罗斯采访时提到，在中美两国科技竞争日益激烈的背景下，欧洲企业完全具备“卓越的技术实力”。
"I am not in the camp of the bubble believers," he said. "Again, I don't think ultimately bubbles, or bursts of bubbles, are going to be an impediment to what progress is, and how it is happening." Speaking to CNBC's Carolin Roth on the sidelines of this year's Wave 2026 technology conference in Turin — formerly known as Italian Tech Week — Elkann said European companies can offer "incredible technical capabilities," amid the increasingly fierce tech battle between the U.S. and China.
“最终，投资机会的多寡将决定投资者的投资方向，”他这样评价当前欧洲大陆的投资格局。“拥有的机会越多，就会有越多的资本流向这些机会。”
"The opportunity set ultimately determines where investors will want to go," he observed of the prevailing investment landscape in the continent. "The more opportunities you have, the more capital will come to those opportunities."
他特别提到了总部位于米兰的综合性企业集团Bending Spoons——该集团旗下拥有Vimeo、Eventbrite以及AOL等众多知名企业——称其为“一个在意大利诞生的企业如何具备全球视野、并成功在多个市场实现增长与竞争的绝佳范例”。
He highlighted Milan-headquartered conglomerate Bending Spoons — owner of Vimeo, Eventbrite and AOL, among others — as a "perfect example of how one company born in Italy can actually have global ambition, and be able to grow and compete in many different markets as they are doing."
他还补充道：“这样的企业越多，获得投资者青睐的企业也就越多。”
He added: "The more of these companies we have, the more will end up having investors backing them."