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Brain health disorders including Alzheimer’s, dementia, depression, and stroke-related cognitive decline currently cost the global economy $5 trillion a year. By 2030, that figure is projected to reach $16 trillion. And yet, until recently, this crisis barely registered in the rooms where economic policy gets made.
换言之，资本是在为未来的增长买单。这种估值逻辑并非孤例。在全球范围内，OpenAI估值一度逼近万亿美元，Anthropic也冲到3800亿美元的高位。在中国市场，纯大模型公司数量有限，具备上市身份的标的更为稀缺，稀缺性带来了溢价。