{"id":37074,"date":"2026-03-14T05:48:05","date_gmt":"2026-03-14T05:48:05","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/37074\/"},"modified":"2026-03-14T05:48:05","modified_gmt":"2026-03-14T05:48:05","slug":"%e6%96%b0%e3%81%9f%e3%81%aa%e3%83%86%e3%83%83%e3%82%af%e7%a7%a9%e5%ba%8f%ef%bc%9a%e3%83%ac%e3%82%ac%e3%82%b7%e3%83%bc%e3%82%bd%e3%83%95%e3%83%88%e3%82%a6%e3%82%a7%e3%82%a2%e3%81%ae%e8%a1%b0%e9%80%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/opinion\/37074\/","title":{"rendered":"**\u65b0\u305f\u306a\u30c6\u30c3\u30af\u79e9\u5e8f\uff1a\u30ec\u30ac\u30b7\u30fc\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u8870\u9000\u306b\u5099\u3048\u308b\u305f\u3081\u306e\u30d8\u30c3\u30b8**"},"content":{"rendered":"\n<p>\u8a87\u5927\u306a\u671f\u5f85\u304b\u3089\u7523\u696d\u3092\u5909\u3048\u308b\u611f\u60c5\u307e\u3067\u3001AI\u306f\u7523\u696d\u5168\u4f53\u306e\u6fc0\u5909\u3092\u8105\u304b\u3059\u300c\u5e02\u5834\u306e\u5747\u8861\u3092\u4e00\u6383\u3059\u308b\u51fa\u6765\u4e8b\u300d\u3068\u3057\u3066\u3055\u3048\u7acb\u3061\u73fe\u308c\u3066\u3044\u307e\u3057\u305f\u30022026\u5e742\u6708\u4e0a\u65ec\u3001\u5e02\u5834\u3067\u306f<strong>\u300c<\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/us-software-stocks-stabilize-after-bruising-selloff-ai-disruption-fears-2026-02-05\/\">\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u30fb\u30de\u30b2\u30c9\u30f3<\/a><\/strong><strong>\u300d<\/strong>\u2014\u2014\u30c8\u30ec\u30fc\u30c0\u30fc\u3084\u6295\u8cc7\u5bb6\u304c\u30c6\u30c3\u30af\u682a\u304b\u3089\u96e2\u308c\u3066\u3044\u304f\u4e0d\u5b89\u306a\u6295\u3052\u58f2\u308a\u2014\u2014\u304c\u8d77\u304d\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>AI\u306e\u6025\u901f\u306a\u53f0\u982d\u306f\u30012025\u5e74\u3092\u901a\u3058\u3066\u8d85\u9ad8\u901f\u30fb\u8d85\u898f\u6a21\u306e\u9032\u5316\u3092\u9042\u3052\u3066\u304a\u308a\u3001<strong>OpenAI<\/strong>\u3068<strong>Anthropic<\/strong>\u3068\u3044\u3046\u3001\u4e0a\u5834\u524d\u6bb5\u968e\u3067\u6570\u5146\u30c9\u30eb\u898f\u6a21\u3092\u52d5\u304b\u3057\u5e02\u5834\u306e\u9f13\u52d5\u3092\u751f\u3093\u3067\u3044\u308b\u4e8c\u5927\u4f01\u696d\u306e\u4eca\u5f8c\u306eIPO\u3078\u306e\u9053\u3092\u5207\u308a\u958b\u3044\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"orange-block\"> \n<b> \u8981\u70b9: <\/b> <br>\n<i>\n&#8211; AI\u7523\u696d\u306e\u5927\u5909\u52d5\u304c\u7523\u696d\u69cb\u9020\u3092\u518d\u7de8\u3057\u3066\u3044\u307e\u3057\u305f<br>\n&#8211; CFD\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u65e2\u5b58\uff08\u30ec\u30ac\u30b7\u30fc\uff09\u30c6\u30c3\u30af\u682a\u3078\u306e\u5f71\u97ff\u306b\u6ce8\u76ee\u3059\u3079\u304d\u3067\u3057\u305f <br>\n&#8211; \u30d5\u30ed\u30fc\u30c8\uff08\u6d41\u901a\u682a\uff09\u30ea\u30b9\u30af\u3068\u3001\u671f\u5f85\u304c\u5b9f\u969b\u306e\u4f9b\u7d66\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u5b66\u3076\u3079\u304d\u3067\u3057\u305f <br>\n&#8211; IPO\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u306b\u304a\u3051\u308bCFD\u306e\u30b7\u30e7\u30fc\u30c8\u6a5f\u4f1a\u3092\u63a2\u3059\u3079\u304d\u3067\u3057\u305f <br>\n<\/i><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1\u5146\u30c9\u30eb\u898f\u6a21\u306e\u534a\u5c0e\u4f53\u30fbAI\u7523\u696d<\/h2>\n\n\n\n<p>\u7523\u696d\u304c\u6210\u719f\u3059\u308b\u306b\u3064\u308c\u3001\u300c\u8a71\u984c\u300d\u306e\u4e2d\u5fc3\u306f\u30c1\u30e3\u30c3\u30c8\u30dc\u30c3\u30c8\u304b\u3089\u30a4\u30f3\u30d5\u30e9\u3078\u3068\u79fb\u3063\u3066\u3044\u307e\u3057\u305f\u30022\u6708\u306e\u30e1\u30ac\u30e9\u30a6\u30f3\u30c9\u5f8c\u306b<strong>8,400\u5104\u30c9\u30eb<\/strong>\u3068\u8a55\u4fa1\u3055\u308c\u305fOpenAI\u3001\u305d\u3057\u3066<strong>3,800\u5104\u30c9\u30eb<\/strong>\u306eAnthropic\u306f\u3001\u3082\u306f\u3084\u5358\u306a\u308b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3067\u306f\u306a\u304f\u3001\u30c6\u30c3\u30af\u30bb\u30af\u30bf\u30fc\u306e\u65b0\u305f\u306a\u300c\u91cd\u529b\u300d\u3068\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u8cc7\u91d1\u8abf\u9054\u306e\u305f\u3073\u306b\u8a55\u4fa1\u984d\u304c\u3055\u3089\u306b\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u3044\u304f\u307b\u3069\u306e\u898f\u6a21\u3068\u306a\u308a\u3001\u5e02\u5834\u3067\u3055\u3048\u4e21\u793e\u3092\u3055\u3089\u306a\u308b\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3078\u5411\u3051\u3066\u62bc\u3057\u4e0a\u3052\u3088\u3046\u3068\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u4f01\u696d\u306b\u3068\u3063\u3066\u6700\u5927\u306e\u7af6\u5408\u76f8\u624b\u306f\u3001\u540c\u6642\u306b\u6700\u5927\u306e\u53d7\u76ca\u8005\u3067\u3082\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>\u5de8\u5927\u30c6\u30c3\u30af\u4f01\u696d\u3068\u3053\u308c\u3089\u306e\u4e3b\u4f53\u304c\u91cd\u8981\u30a4\u30f3\u30d5\u30e9\u3092\u5f62\u6210\u3057\u3066\u3044\u304f\u300c\u6226\u7565\u7684\u30c6\u30c3\u30af\u7d71\u5408\u300d<\/strong>\u3078\u306e\u79fb\u884c\u304c\u59cb\u307e\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u4e3b\u4f53\u306b\u95a2\u3059\u308b\u30cb\u30e5\u30fc\u30b9\u306f\u3001\u3044\u308f\u3086\u308b\u300c\u30de\u30b0\u30cb\u30d5\u30a3\u30bb\u30f3\u30c8\u30fb\u30bb\u30d6\u30f3\u300d\u3068\u534a\u5c0e\u4f53\u30bb\u30af\u30bf\u30fc\u5168\u4f53\u306b\u3001\u5373\u6642\u304b\u3064\u53d6\u5f15\u53ef\u80fd\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u751f\u3093\u3067\u3044\u307e\u3057\u305f\u3002\u3044\u307e\u3084\u500b\u5225\u4f01\u696d\u3092\u5b64\u7acb\u3057\u3066\u53d6\u5f15\u3057\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u76f8\u4e92\u63a5\u7d9a\u3055\u308c\u305fAI\u306e\u7db2\u3092\u53d6\u5f15\u3057\u3066\u3044\u305f\u306e\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6226\u7565\u7684\u30d8\u30c3\u30b8<\/h2>\n\n\n\n<p>CFD\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u3001\u3053\u308c\u306f\u4e8c\u91cd\u306e\u6a5f\u4f1a\u3092\u751f\u3093\u3067\u3044\u307e\u3057\u305f\u3002\u3059\u306a\u308f\u3061\u3001AI\u306e\u5de8\u4eba\u306b\u6295\u6a5f\u3057\u3064\u3064\u3001\u540c\u6642\u306b\u300c\u65e7\u6765\u52e2\u529b\u300d\u306b\u5bfe\u3057\u3066\u30d8\u30c3\u30b8\u3059\u308b\u3053\u3068\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u8cc7\u91d1\u8abf\u9054\u306f\u4ed6\u306e\u4e0a\u5834\u4f01\u696d\u306e\u53ce\u76ca\u304b\u3089\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u3044\u304f\u305f\u3081\u3001\u4e16\u754c\u6700\u5927\u7d1a\u306e\u4f01\u696d\u306f\u96c6\u4e2d\u3057\u3001AI\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u5185\u90e8\u3067\u300c\u5faa\u74b0\u7d4c\u6e08\u300d\u30d1\u30bf\u30fc\u30f3\u3078\u3068\u5909\u5bb9\u3057\u3066\u3044\u305f\u306e\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u611f\u67d3\uff08\u30b3\u30f3\u30c6\u30fc\u30b8\u30e7\u30f3\uff09\u30c8\u30ec\u30fc\u30c9\uff1a\u652f\u63f4\u8005\u304c\u30ea\u30b9\u30af\u306b\u306a\u3063\u305f\u3068\u304d<\/strong><\/h4>\n\n\n\n<p>Microsoft\uff08MSFT\uff09\u3001Alphabet\uff08GOOG\uff09\u3001Amazon\uff08AMAZON\uff09\u306f\u3001\u3082\u306f\u3084\u5f93\u6765\u306e\u610f\u5473\u3067\u300c\u4fe1\u983c\u3067\u304d\u308b\u30c6\u30c3\u30af\u4f01\u696d\u300d\u3060\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002OpenAI\u3068Anthropic\u3078\u306e\u5927\u898f\u6a21\u306a\u652f\u63f4\u306f\u3001\u5f7c\u3089\u81ea\u8eab\u3092\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u52b9\u3044\u305f\u4ee3\u7406\u6307\u6a19\uff08\u30d7\u30ed\u30ad\u30b7\uff09\u306b\u3082\u3057\u3066\u304a\u308a\u3001AI\u6210\u9577\u306b\u5bfe\u3059\u308b\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u3068\u300c\u6210\u7e3e\u8868\u300d\u3092\u793a\u3059\u5b58\u5728\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-market-quotes.js\" async>\n  {\n  \"colorTheme\": \"dark\",\n  \"locale\": \"en\",\n  \"largeChartUrl\": \"\",\n  \"isTransparent\": false,\n  \"showSymbolLogo\": true,\n  \"backgroundColor\": \"#0F0F0F\",\n  \"support_host\": \"https:\/\/www.tradingview.com\",\n  \"width\": 550,\n  \"height\": 200,\n  \"symbolsGroups\": [\n    {\n      \"name\": \"Big Tech\",\n      \"symbols\": [\n        {\n          \"name\": \"NASDAQ:MSFT\",\n          \"displayName\": \"Microsoft\"\n        },\n        {\n          \"name\": \"NASDAQ:GOOGL\",\n          \"displayName\": \"Alphabet\"\n        },\n        {\n          \"name\": \"NASDAQ:AMZN\",\n          \"displayName\": \"Amazon\"\n        }\n      ]\n    }\n  ]\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END --><br>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u7834\u58ca\u7684\u306a\u529b\uff1a\u30ec\u30ac\u30b7\u30fc\u30fb\u30c6\u30c3\u30af\u306f\u72ed\u307e\u3063\u3066\u3044\u307e\u3057\u305f<\/strong><\/h4>\n\n\n\n<p>Anthropic\u306f\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u5fd7\u5411\u3067\u3042\u308a\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u9818\u57df\u3092\u652f\u914d\u3057\u3001\u4f01\u696d\u30ec\u30d9\u30eb\u306e\u81ea\u52d5\u5316\u3092\u53ef\u80fd\u306b\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u540c\u793e\u306f\u5f93\u6765\u306eSaaS\uff08Software as a Service\uff09\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306b\u5bfe\u3059\u308b\u4e3b\u8981\u306a\u30c7\u30a3\u30b9\u30e9\u30d7\u30bf\u30fc\u3068\u3057\u3066\u53f0\u982d\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<script type=\"module\" src=\"https:\/\/widgets.tradingview-widget.com\/w\/en\/tv-market-summary.js\"><\/script>\n\n<tv-market-summary symbol-sectors='[{\"sectionName\":\"Legacy Tech\",\"symbols\":[\"NASDAQ:ADBE\",\"NYSE:CRM\",\"NYSE:ORCL\"]}]' direction=\"horizontal\" mode=\"custom\"><\/tv-market-summary><br>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u76f2\u76ee\u7684\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u4e2d\u3067\u306f\u3001\u3088\u308a\u7a4f\u3084\u304b\u306a\u5e02\u5834\u306b\u76ee\u3092\u5411\u3051\u308b\u3079\u304d\u3067\u3057\u305f<\/strong><\/h4>\n\n\n\n<p>OpenAI\u306e\u3088\u3046\u306a\u5de8\u5927\u4e0a\u5834\u304c\u59cb\u307e\u308b\u3068\u3001\u500b\u5225\u9298\u67c4\u306e\u5024\u52d5\u304d\u306f\u8352\u304f\u3001\u4e88\u6e2c\u4e0d\u80fd\u306b\u306a\u308a\u5f97\u307e\u3057\u305f\u3002AI\u30d6\u30fc\u30e0\u3078\u306e\u3088\u308a\u8ddd\u96e2\u306e\u3042\u308b\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u306f\u3001\uff08\u4f8b\uff1aNAS100\u306e\u3088\u3046\u306a\uff09\u6307\u6570CFD\u306b\u5b58\u5728\u3057\u5f97\u3066\u304a\u308a\u3001\u5358\u4e00\u9298\u67c4\u306b\u504f\u3089\u305a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u5206\u6563\u3057\u3001\u4e00\u822c\u7684\u306a\u30c6\u30c3\u30af\u304b\u3089AI\u3078\u306e\u30b9\u30bf\u30c3\u30af\u3092\u652f\u3048\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6301\u7d9a\u53ef\u80fd\u306a\u77e5\u80fd\u3092\u3081\u3050\u308b\u7af6\u4e89<\/h2>\n\n\n\n<p>\u3068\u306f\u3044\u3048\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u30bb\u30af\u30bf\u30fc\u5185\u90e8\u306e\u7d71\u5408\u306f\u3001\u6a5f\u80fd\u3084\u63d0\u4f9b\u4fa1\u5024\u306e\u5171\u98df\u3044\u3092\u751f\u3080\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3057\u305f\u3002\u305d\u306e\u6bb5\u968e\u3067\u306f\u3001\u554f\u3044\u306f\u88fd\u54c1\u304c\u3069\u308c\u307b\u3069\u512a\u308c\u3066\u3044\u308b\u304b\u3067\u306f\u306a\u304f\u3001\u4e8b\u696d\u304c\u3069\u3053\u307e\u3067\u4f38\u3073\u5f97\u308b\u304b\u3078\u3068\u79fb\u3063\u3066\u304a\u308a\u3001Anthropic\u3068OpenAI\u304c\u5e02\u5834\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3078\u5411\u304b\u3046\u3046\u3048\u3067\u306e\u4e3b\u8981\u6307\u6a19\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Anthropic\u3068OpenAI\u306eIPO\u6226\u7565\u306e\u6bd4\u8f03<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>\u6226\u7565\u306e\u67f1<\/td><td>Anthropic\uff08\u52b9\u7387\u6027\u306e\u52dd\u8ca0\uff09<\/td><td>OpenAI\uff08\u30a4\u30f3\u30d5\u30e9\u306e\u52dd\u8ca0\uff09<\/td><\/tr><tr><td>\u4e3b\u8981\u6226\u7565<\/td><td>\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u512a\u5148\uff1aClaude Code\u306e\u3088\u3046\u306a\u9ad8\u30de\u30fc\u30b8\u30f3\u306eB2B\u30c4\u30fc\u30eb\u306b\u6ce8\u529b\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u58f2\u4e0a\u306e80%\u306f\u5b89\u5b9a\u3057\u305f\u6cd5\u4eba\u5951\u7d04\u304b\u3089\u6765\u3066\u3044\u307e\u3057\u305f\u3002<\/td><td>\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u512a\u5148\uff1a\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u300cAI\u30aa\u30da\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0\u30b7\u30b9\u30c6\u30e0\u300d\u3092\u69cb\u7bc9\u3057\u3001\u4fa1\u5024\u9023\u9396\u5168\u4f53\u3092\u62bc\u3055\u3048\u308b\u305f\u3081\u306e\u300cStargate\u300d\u30a4\u30f3\u30d5\u30e9\u3092\u6574\u5099\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/td><\/tr><tr><td>\u30b3\u30b9\u30c8\u7ba1\u7406<\/td><td>\u30de\u30eb\u30c1\u30af\u30e9\u30a6\u30c9\u5206\u6563\uff1aAWS\u3001Google Cloud\u3001Oracle\u306b\u8a08\u7b97\u8cc7\u6e90\u3092\u5206\u6563\u3057\u3001\u30c1\u30c3\u30d7\u4fa1\u683c\u306e\u88c1\u5b9a\u3068\u30d9\u30f3\u30c0\u30fc\u30ed\u30c3\u30af\u30a4\u30f3\u56de\u907f\u3092\u56f3\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/td><td>\u5782\u76f4\u7d71\u5408\uff1a\u9577\u671f\u7684\u306aNvidia\u4f9d\u5b58\u3092\u6e1b\u3089\u3059\u305f\u3081\u3001\u72ec\u81ea\u306e\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u3068\u81ea\u793e\u30c1\u30c3\u30d7\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/td><\/tr><tr><td>\u30a4\u30f3\u30d5\u30e9\u652f\u51fa<\/td><td>\u300c\u8cc7\u672c\u8efd\u91cf\u300d\uff1aR&amp;D\u306b\u306f\u5927\u304d\u304f\u6295\u8cc7\u3057\u3064\u3064\u3001\u30a4\u30f3\u30d5\u30e9\u306f\u30ea\u30fc\u30b9\u3057\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u9ed2\u5b57\u5316\u3078\u306e\u8ee2\u63db\u3092\u901f\u3081\u3066\u3044\u307e\u3057\u305f\u3002<\/td><td>\u300c\u8cc7\u672c\u96c6\u7d04\u300d\uff1a1.4\u5146\u30c9\u30eb\u898f\u6a21\u306e\u9577\u671f\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u306b\u3072\u3082\u3065\u304d\u3001\u77ed\u671f\u7684\u306a\u5927\u5e45\u30d0\u30fc\u30f3\u3092\u62db\u3044\u3066\u3044\u307e\u3057\u305f\u3002<\/td><\/tr><tr><td>\u53ce\u76ca\u6027\u306e\u72b6\u6cc1<\/td><td>2027\uff5e2028\u5e74\u306b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u9ed2\u5b57\u5316\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/td><td>2026\u5e74\u306b140\u5104\u30c9\u30eb\u640d\u5931\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u5de8\u5927\u30b9\u30b1\u30fc\u30eb\u306e\u8cc7\u91d1\u9700\u8981\u306b\u3088\u308a\u9ed2\u5b57\u5316\u306f2030\u5e74\u9803\u307e\u3067\u9045\u308c\u308b\u898b\u7acb\u3066\u3067\u3057\u305f\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>OpenAI\u306f\u55b6\u5229\u69cb\u9020\u3078\u5411\u304b\u3063\u3066\u304a\u308a\u3001\u9ad8\u30d9\u30fc\u30bf\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u52dd\u8ca0\u3068\u3057\u3066\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3092\u3088\u308a\u5f37\u304f\u5f97\u3066\u3044\u307e\u3057\u305f\u3002\u305d\u306e\u9053\u306e\u308a\u306f\u9577\u304f\u30ea\u30b9\u30af\u3082\u9ad8\u3044\u4e00\u65b9\u3001\u898f\u6a21\u306f\u6bd4\u985e\u304c\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>Anthropic\u306f\u300c\u52b9\u7387\u6027\u300d\u306e\u52dd\u8ca0\u3067\u3042\u308a\u3001\u8ca0\u50b5\u306e\u7f60\u3092\u907f\u3051\u3001\u4f9d\u5b58\u5148\u3092\u5206\u6563\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u65e9\u3044\u6642\u671f\u306e\u53ce\u76ca\u5316\u3092\u76ee\u6307\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u72d9\u3044\u306f\u660e\u78ba\u3067\u3001IPO\u306e\u30ab\u30a6\u30f3\u30c8\u30c0\u30a6\u30f3\u3078\u5411\u3051\u3066\u3069\u3061\u3089\u304c\u76f8\u624b\u3092\u51fa\u3057\u629c\u3051\u308b\u304b\u3001\u3068\u3044\u3046\u70b9\u306b\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">IPO\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u306b\u304a\u3051\u308b\u6a5f\u4f1a<\/h2>\n\n\n\n<p>CFD\u306e\u4e16\u754c\u3067\u306f\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u6210\u529f\u3057\u305f\u53d6\u5f15\u3068\u9003\u3057\u305f\u6a5f\u4f1a\u3092\u5206\u3051\u3066\u3044\u307e\u3057\u305f\u3002IPO\u306e\u30ab\u30a6\u30f3\u30c8\u30c0\u30a6\u30f3\u304c\u5b9f\u969b\u306b\u8d77\u304d\u305f\u969b\u3001\u6b21\u306e\u3088\u3046\u306b\u822a\u8def\u3092\u53d6\u308b\u3079\u304d\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u521d\u671f\u306e\u6e96\u5099\u6bb5\u968e\u3067\u306f\u3001\u53ce\u76ca\u6210\u9577\u3092\u53cd\u6620\u3059\u308b\u4f01\u696d\u304c\u3001\uff08\u300c\u611f\u67d3\uff08\u30b3\u30f3\u30c6\u30fc\u30b8\u30e7\u30f3\uff09\u30c8\u30ec\u30fc\u30c9\u300d\u3067\u8ff0\u3079\u305f\u3068\u304a\u308a\uff09\u4e3b\u8981\u652f\u63f4\u8005\u306e\u682a\u4fa1\u3092\u62bc\u3057\u4e0a\u3052\u3001\u6025\u9a30\u3059\u308b\u3053\u3068\u304c\u3057\u3070\u3057\u3070\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u30d5\u30a7\u30fc\u30ba2\u3067\u30c6\u30a3\u30c3\u30ab\u30fc\u304c\u53d6\u5f15\u958b\u59cb\u3068\u306a\u308b\u3068\u3001\u4f4e\u3044\u6d41\u901a\u682a\u6bd4\u7387\uff08\u4f4e\u30d5\u30ed\u30fc\u30c8\uff09\u306b\u3088\u308a\u4fa1\u683c\u304c\u6fc0\u3057\u304f\u30ae\u30e3\u30c3\u30d7\u3057\u3084\u3059\u304f\u3001\u30e2\u30e1\u30f3\u30bf\u30e0\u53d6\u5f15\u306e\u6a5f\u4f1a\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u9700\u8981\u6025\u5897\u3067\u30ed\u30f3\u30b0\u306b\u3059\u308b\u304b\u3001\u4fee\u6b63\u5c40\u9762\u3067\u30b7\u30e7\u30fc\u30c8\u306b\u3059\u308b\u304b\u3092\u9078\u3076\u5c40\u9762\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u6700\u5f8c\u306b\u3001IPO\u304b\u3089\u7d046\u304b\u6708\u5f8c\u3001\u521d\u671f\u6295\u8cc7\u5bb6\u304c\u3088\u3046\u3084\u304f\u682a\u5f0f\u3092\u58f2\u5374\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u3053\u306e\u4f9b\u7d66\u30b7\u30e7\u30c3\u30af\u306b\u3088\u308b\u4fee\u6b63\u306f\u3001\u4fa1\u683c\u4e0b\u843d\u306e\u3082\u3046\u4e00\u3064\u306e\u7a93\u306b\u306a\u308a\u3084\u3059\u304f\u3001\u5225\u306e\u53d6\u5f15\u6a5f\u4f1a\u3092\u751f\u3093\u3067\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30d5\u30ed\u30fc\u30c8\uff08\u6d41\u901a\u682a\uff09\u30ea\u30b9\u30af\u306e\u7406\u89e3\uff1aIPO\u306b\u304a\u3051\u308bCFD\u306e\u512a\u4f4d\u6027<\/h3>\n\n\n\n<p>\u73fe\u5728\u306e\u3088\u3046\u306a\u4e0a\u5834\u524d\uff08Pre-IPO\uff09\u306e\u8b70\u8ad6\u5c40\u9762\u3067\u306f\u3001\u4f01\u696d\u306e\u524d\u9032\u306b\u4f34\u3046\u5e02\u5834\u5909\u52d5\u306e\u4e2d\u3067\u6a5f\u4f1a\u3092\u898b\u3044\u3060\u305b\u3066\u3044\u307e\u3057\u305f\u3002\u7279\u306b\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u304c\u6bba\u5230\u3057\u305f\u308a\u3001\u4e0a\u5834\u5f8c\u306b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u307e\u3063\u305f\u308a\u3059\u308b\u5834\u5408\u304c\u8a72\u5f53\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>OpenAI\uff088,400\u5104\u30c9\u30eb\uff09\u3084Anthropic\uff083,800\u5104\u30c9\u30eb\uff09\u306e\u3088\u3046\u306a\u5de8\u5927IPO\u3067\u306f\u3001\u300c\u901a\u5e38\u300d\u306e\u30d5\u30ed\u30fc\u30c815\uff5e20%\u3067\u306f\u4e0d\u5341\u5206\u3060\u3068\u8a55\u4fa1\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u5c02\u9580\u5bb6\u306f\u3001\u4e21\u793e\u304c\u53d6\u5f15\u958b\u59cb\u6642\u306b\u5229\u7528\u53ef\u80fd\u306a\u682a\u5f0f\u3092\u308f\u305a\u304b3%\uff5e7%\u306b\u3068\u3069\u3081\u308b\u3068\u4e88\u6e2c\u3057\u3066\u304a\u308a\u3001\u305d\u306e\u5834\u5408\u3001\u682a\u5f0f\u304c\u5e02\u5834\u306b\u51fa\u305f\u77ac\u9593\u306b\u5927\u304d\u306a\u4fa1\u683c\u30ae\u30e3\u30c3\u30d7\u304c\u751f\u3058\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u30d5\u30ed\u30fc\u30c8\u30ea\u30b9\u30af\u306f\u3001\u3053\u308c\u3089IPO\u306e\u300c\u30aa\u30fc\u30d7\u30cb\u30f3\u30b0\u30d9\u30eb\u300d\u306b\u304a\u3051\u308b\u5024\u52d5\u304d\u3092\u4e3b\u5c0e\u3059\u308b\u8981\u56e0\u3067\u3057\u305f\u3002\u30d5\u30ed\u30fc\u30c8\u304c\u5c0f\u3055\u3044\u307b\u3069\u3001\u9700\u8981\u306b\u5bfe\u3057\u3066\u4f9b\u7d66\uff08\u682a\u6570\uff09\u304c\u9650\u3089\u308c\u308b\u305f\u3081\u6975\u7aef\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u8d77\u304d\u3084\u3059\u304f\u3001CFD\u53d6\u5f15\u306b\u3068\u3063\u3066\u9b45\u529b\u7684\u306a\u6642\u9593\u5e2f\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IPO\u307e\u3067\u306e\u9593\u3082\u3001\u696d\u754c\u306f\u52d5\u3044\u3066\u3044\u307e\u3057\u305f<\/h2>\n\n\n\n<p>AI\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306e\u300c\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u300d\u6bb5\u968e\u3067\u306f\u3001AI\u30b9\u30bf\u30c3\u30af\u304c\u62e1\u5927\u3057\u3066\u3044\u307e\u3057\u305f\u3002Anthropic\u306e\u502b\u7406\u7684AI\u3078\u306e\u6ce8\u529b\u306f\u3001\u5b89\u5168\u512a\u5148\u306e\u898f\u5236\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u5f8c\u62bc\u3057\u3057\u3066\u304a\u308a\u3001\u4e00\u65b9OpenAI\u306f\u30b0\u30ed\u30fc\u30d0\u30eb\u306aAI\u30aa\u30da\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0\u30b7\u30b9\u30c6\u30e0\u306b\u306a\u308b\u3053\u3068\u306b\u8ced\u3051\u3066\u3044\u307e\u3057\u305f\u3002\u3044\u305a\u308c\u306e\u4e3b\u4f53\u3082\u3001\u3044\u305a\u308c\u306b\u305b\u3088\u5e02\u5834\u30ea\u30fc\u30c0\u30fc\u3078\u79fb\u884c\u3057\u3066\u3044\u305f\u306e\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>\u300c\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u30fb\u30de\u30b2\u30c9\u30f3\u300d<\/strong>\u306e\u4e00\u6383\u306f\u3001\u5e02\u5834\u304c\u304b\u3064\u3066\u306a\u3044\u307b\u3069\u540c\u3058\u65b9\u5411\u3092\u5411\u304d\u5f97\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u3067\u3082\u53d6\u5f15\u6a5f\u4f1a\u306f\u898b\u3064\u3051\u3089\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p><b>\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 &#8211; <a href=\"https:\/\/www.vtmarketsjp.com\/trade-now\/\">\u3053\u3053\u3092\u30af\u30ea\u30c3\u30af<\/a>\u3057\u3066VT Markets\u53e3\u5ea7\u3092\u958b\u8a2d<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI\u30d6\u30fc\u30e0\u306f\u300cSoftware-mageddon\u300d\u3092\u62db\u304d\u3001\u5e02\u5834\u306f\u6fc0\u9707\u3067\u3057\u305f\u3002OpenAI\u30fbAnthropic\u306e\u5de8\u5927IPO\u306f\u4f4e\u30d5\u30ed\u30fc\u30c8\u3067\u4e71\u9ad8\u4e0b\u5fc5\u81f3\u3002CFD\u306f\u65e7\u6765\u30c6\u30c3\u30af\u306e\u30d8\u30c3\u30b8\u3084\u7a7a\u58f2\u308a\u597d\u6a5f\u3067\u3057\u305f\u3002 &#8211; vtmarketsjp.com<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-37074","post","type-post","status-publish","format-standard","hentry","category-opinion"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/37074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=37074"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/37074\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=37074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=37074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=37074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}