{"id":1194,"date":"2026-07-31T01:58:29","date_gmt":"2026-07-30T17:58:29","guid":{"rendered":"https:\/\/cwam.cc\/article229-bill-hwang-moment-ai-fund-liquidation-20260731\/"},"modified":"2026-09-08T08:00:50","modified_gmt":"2026-09-08T00:00:50","slug":"article229-bill-hwang-moment-ai-fund-liquidation-20260731","status":"publish","type":"page","link":"https:\/\/cwam.cc\/article229-bill-hwang-moment-ai-fund-liquidation-20260731\/","title":{"rendered":"\u9e64\u9e64\u6709\u94ed\u62e9\u65f6\u7b14\u8bb0260731\u2014\u2014\u7f8e\u56fd\u80a1\u795e\u7206\u4ed3\uff0cBill Hwang\u65f6\u523b\uff1f"},"content":{"rendered":"<style id=\"article229-style\">\nbody {\n  background: #f7f7f5;\n}\nheader.site-header,\nfooter.site-footer,\nheader.wp-block-template-part,\nfooter.wp-block-template-part,\n.wp-site-blocks > header,\n.wp-site-blocks > footer,\n.site-footer,\n.entry-footer,\n.post-navigation,\n.navigation,\n.nav-links,\n.breadcrumbs,\n.breadcrumb,\n.wp-block-post-navigation-link {\n  display: none 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\u4e86\uff0c\u6da8\u56de\u53bb\u8981\u7ffb\u4e00\u500d\uff0c\u5982\u679c\u540e\u9762\u65b0\u8fdb\u573a\u7684\u8d44\u91d1\u771f\u7684\u5bf9\u53cd\u8f6c\u6709\u4fe1\u4ef0\u3001\u5bf9\u65b0\u9ad8\u6709\u4fe1\u4ef0\uff0c\u5c11\u8d5a\u8fd9\u4e2a20\u300130\u4e2a\u70b9\uff0c\u5bf9\u4ed6\u4eec\u6765\u8bf4\u6ca1\u6709\u533a\u522b\u3002<\/p>\n<p>\u5982\u679c\u4e0d\u662f\u672c\u7740\u53cd\u8f6c\u65b0\u9ad8\u7684\u601d\u8def\u8fdb\u6765\u7684\u8d44\u91d1\uff0c\u53ea\u662f\u60f3\u8fdb\u6765\u535a\u4e2a\u53cd\u5f39\uff0c\u8fd9\u4e9b\u8d44\u91d1\u8fdb\u6765\u4e5f\u6ca1\u7528\uff0c\u6284\u5e95\u8d5a\u5341\u51e0\u4e2a\u70b9\u5c31\u8dd1\u8def\u4e86\uff0c\u5230\u65f6\u5019\u5e02\u573a\u5c31\u53c8\u6ca1\u4eba\u627f\u63a5\u4e86\u3002<\/p>\n<p>\u6240\u4ee5\u5bf9\u4e8e\u5927A\u6765\u8bf4\uff0c\u80fd\u591f\u5f62\u6210\u5468\u7ebf\u7ea7\u522b\u7684\u53cd\u5f39\uff0c\u751a\u81f3\u6700\u540e\u53cd\u8f6c\u65b0\u9ad8\uff0c\u8fd8\u662f\u8981\u7b49\u6d77\u5916\u7684\u79d1\u6280\u80a1\u60c5\u7eea\u4fee\u590d\u3002<\/p>\n<p>\u6628\u5929\u665a\u4e0a\u7f8e\u80a1\u66b4\u529b\u53cd\u5f39\uff0c\u53d7\u5230\u591a\u4e2a\u56e0\u7d20\u7684\u5f71\u54cd\u3002<\/p>\n<p>\u6700\u91cd\u8981\u7684\u50ac\u5316\u662f\u7f8e\u56fd SA \u79d1\u6280\u57fa\u91d1\u7206\u4ed3\u6e05\u76d8\uff0c\u521b\u59cb\u4eba\u662f OpenAI \u51fa\u6765\u7684\uff0c\u4e0d\u5230\u4e24\u5e74\u628a\u57fa\u91d1\u89c4\u6a21\u505a\u5230 200 \u591a\u4ebf\u7f8e\u5143\uff0c\u6536\u76ca\u4e5f\u5f88\u5938\u5f20\uff0c\u6240\u4ee5\u88ab\u5e02\u573a\u53eb\u6210 AI \u80a1\u795e\uff0c\u6628\u665a\u88ab\u4f20\u8981\u6e05\u4ed3\u4e86\u3002\u76d8\u524d\u53c8\u6709\u65b0\u95fb\u8bf4\uff0cKen Griffin \u65d7\u4e0b\u7684 Citadel \u63a5\u8d70\u4e86 SA \u5f88\u5927\u4e00\u90e8\u5206\u516c\u5f00\u80a1\u7968\u4ed3\u4f4d\uff0c\u8fd9\u4e00\u4e0b\u5c31\u6ca1\u6709\u7206\u4ed3\u6b62\u635f\u98ce\u9669\u4e86\u3002\u8fd9\u4e00\u5e55\u8ba9\u5e02\u573a\u8054\u60f3\u5230 2021 \u5e74 3 \u6708 Bill Hwang \u65d7\u4e0b Archegos \u88ab\u5f3a\u5e73\u7684\u90a3\u4e00\u5e55\uff0c\u5f53\u65f6\u6760\u6746\u4ed3\u4f4d\u96c6\u4e2d\u51fa\u6e05\u4e4b\u540e\uff0c\u5e02\u573a\u4f1a\u672c\u80fd\u5730\u53bb\u60f3\uff1a\u8fd9\u79cd\u6e05\u76d8\u662f\u4e0d\u662f\u5df2\u7ecf\u628a\u6700\u6025\u7684\u5356\u76d8\u6253\u51fa\u6765\u4e86\u3002\u56e0\u6b64\u5e02\u573a\u6709\u4e2a\u60ef\u6027\uff0c\u8ba4\u4e3a\u8fd9\u7c7b\u6760\u6746\u57fa\u91d1\u6e05\u76d8\u5f80\u5f80\u662f\u5e02\u573a\u60c5\u7eea\u89e6\u5e95\u7684\u4fe1\u53f7\uff08\u591a\u5934\u4e0d\u6b7b\uff0c\u7a7a\u5934\u4e0d\u6b62\uff0c\u73b0\u5728\u591a\u5934\u7684\u9886\u8896\u6b7b\u4e86\uff09\u3002SA\u57fa\u91d1\u91cd\u4ed3\u7684\u524d\u4e09\u5927\u80a1\u7968\u662f\u7f8e\u5149\u3001\u95ea\u8fea\u3001Bloom 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\u7684\u6d88\u8017\uff0c\u518d\u5230\u7b97\u529b\u7684\u9700\u6c42\uff0c\u4ee5\u53ca\u6574\u4f53\u7b97\u529b\u7684\u4f9b\u9700\u5173\u7cfb\uff0c\u6211\u4eec\u90fd\u662f\u6781\u5ea6\u4e50\u89c2\u7684\u3002<\/p>\n<figure class=\"vivo-source-figure\" data-vivo-note-id=\"563\" data-vivo-resource-id=\"246\" data-vivo-source-sequence=\"1\"><img decoding=\"async\" class=\"vivo-source-image\" src=\"https:\/\/cwam.cc\/wp-content\/uploads\/2026\/09\/vivo-note-563-source-01-06a09d0e7eef.png\" alt=\"IMG_20260731_010539914_guid(1sms7rloi21frn5uv10vo7aqtvyu97).png\" loading=\"lazy\"><\/figure>\n<p>\u77ed\u671f\u6765\u770b\uff0c\u5728\u52a0\u606f\u9884\u671f\u53cd\u8f6c\u4e4b\u524d\uff0c\u6211\u4eec\u8ba4\u4e3a\u6240\u6709\u5411\u4e0a\u7684\u4e0a\u6da8\uff08\u5305\u62ec\u6628\u665a\u7684\u7f8e\u80a1\u66b4\u529b\u53cd\u5f39\uff09\u90fd\u8fd8\u53ea\u662f\u201c\u53cd\u5f39\u201d\u3002<\/p>\n<p>\u6280\u672f\u5c42\u9762\u7f8e\u5149\u9762\u4e34\u7740\u4e0d\u8fdc\u5904\u768420\u65e5\u7ebf\u7684\u538b\u5236\uff0c\u5229\u7387\u653f\u7b56\u9884\u671f\u65b9\u9762\uff0c8\u670813\u65e5\u8981\u516c\u5e03 7 \u6708\u4efd\u7684\u901a\u80c0\u6570\u636e\uff0c\u867d\u71367\u6708\u4efd\u5e73\u5747\u6cb9\u4ef7\u6bd46\u6708\u4efd\u9ad8\u7684\u4e0d\u591a\uff0c\u4f46\u53ea\u8981CPI\u8d85\u9884\u671f\u53e0\u52a0\u7f8e\u4f0a\u5c40\u52bf\u5347\u7ea7\uff0c\u6cb9\u4ef7\u4e0a\u6da8\uff0c\u5e02\u573a\u5bf9\u5e74\u5185\u91cd\u542f\u52a0\u606f\u7684\u62c5\u5fc3\u5927\u6982\u7387\u8fd8\u4f1a\u5347\u6e29\u3002\u5728\u4f0a\u6717\u5c40\u52bf\u771f\u6b63\u7f13\u548c\u4e4b\u524d\uff0c\u52a0\u606f\u9884\u671f\u5f88\u96be\u5f7b\u5e95\u88ab\u8bc1\u4f2a\uff0c\u5e02\u573a\u4e5f\u5c31\u5f88\u96be\u9a6c\u4e0a\u5f62\u6210\u53cd\u8f6c\u65b0\u9ad8\u7684\u4fe1\u4ef0\u3002<\/p>\n<p>\u6628\u5929\u7f8e\u80a1\u5927\u6da8\uff0c\u8ba9\u5f88\u591a\u4ebafomo\u4e86\uff0c\u6211\u89c9\u5f97\u5927\u53ef\u4e0d\u5fc5\u3002\u5728\u5e02\u573a\u8fdb\u5165\u5de6\u4fa7\u7684\u65f6\u5019\uff0c\u90a3\u4e2a\u5e95\u672c\u6765\u5c31\u4e0d\u5c5e\u4e8e\u4f60\u3002\u56e0\u4e3a\u5de6\u4fa7\u53ea\u6709\u4e00\u4e2a\u5e95\uff0c\u4f46\u662f\u5e02\u573a\u4e00\u65e6\u8fdb\u5165\u5de6\u4fa7\uff0c\u65f6\u95f4\u662f\u4e0d\u53ef\u63a7\u7684\uff0c\u4e5f\u8bb8\u4e00\u4e2a\u6708\uff0c\u4e5f\u8bb8\u4e09\u4e2a\u6708\uff0c\u4e5f\u8bb8\u66f4\u957f\u3002\u6240\u4ee5\u8d4c\u4e2d\u90a3\u4e00\u5929\u7684\u6982\u7387\uff0c\u53ef\u80fd\u53ea\u6709\u51e0\u5341\u5206\u4e4b\u4e00\uff0c\u751a\u81f3\u767e\u5206\u4e4b\u4e00\u3002<\/p>\n<p>\u7406\u6027\u7684\u8fdb\u573a\u65f6\u70b9\u5e94\u8be5\u662f\u53cd\u5f39\u540e\u7b2c\u4e00\u6b21\u56de\u8e29\u652f\u6491\u4f4f\u7684\u90a3\u4e2a\u4f4d\u7f6e\uff0c\u624d\u5e94\u8be5\u5927\u4ed3\u4f4d\u8fdb\u573a\u3002\u8fd9\u4e2a\u4f4d\u7f6e\u4e00\u822c\u662f\u5728\u5e95\u90e8\u4e0a\u976220% \u5230 30% \u5de6\u53f3\uff0c\u8fd9\u624d\u662f\u80dc\u7387\u6700\u9ad8\u7684\u5165\u573a\u65f6\u95f4\u70b9\u3002\u8fd9\u4e2a\u4f4d\u7f6e\u4e00\u822c\u4e5f\u4f1a\u4f34\u968f\u5b8f\u89c2\u53d9\u4e8b\u8f6c\u6696\u3001\u6d41\u52a8\u6027\u9884\u671f\u8fb9\u9645\u6539\u5584\uff0c\u5e02\u573a\u5728\u6280\u672f\u5c42\u9762\u53ef\u80fd\u5df2\u7ecf\u4f01\u7a33 10 \u65e5\u6216\u8005 20 \u65e5\u5747\u7ebf\u4e86\u3002<\/p>\n<p>\u5728\u90a3\u4e2a\u4f4d\u7f6e\u5e26\u7740\u6b62\u635f\u53bb\u8d4c\u8fd9\u4e2a\u89c1\u5e95\u53cd\u5f39\uff0c\u624d\u662f\u80dc\u7387\u548c\u8d54\u7387\u6700\u9ad8\u7684\u7b56\u7565\u3002<\/p>\n<h2>\u5173\u4e8e\u6284\u5e95<\/h2>\n<p>\u6211\u5468\u56f4\u786e\u5b9e\u6709\u4e00\u4e9b\u4eba\uff0c\u4ee5\u7279\u522b\u7279\u522b\u8c28\u614e\u7684\u65b9\u5f0f\uff0c\u5f00\u59cb\u6162\u6162\u5730\u6284\u5e95\u4e00\u4e9b\u767d\u9a6c\u80a1\u4e86\uff0c\u8fd9\u79cd\u6781\u81f4\u8c28\u614e\u7684\u65b9\u5f0f\u4e0e\u201c\u5de6\u4fa7\u4e0d\u8981\u6284\u5e95\u201d\u5176\u5b9e\u5e76\u4e0d\u8fdd\u80cc\u3002\u56e0\u4e3a\u4ed6\u4eec\u7684\u6284\u5e95\u65b9\u6848\uff0c\u5728\u77ed\u671f\u770b\u6765\uff08\u6bd4\u5982\u6628\u665a\u7f8e\u80a1\u5927\u6da8\u4e4b\u540e\uff09\uff0c\u611f\u89c9\u5c31\u662f\u4e2a\u6839\u672c\u6284\u4e0d\u5230\u4efb\u4f55\u4e1c\u897f\u7684\u65b9\u6848\u3002\u4e5f\u6b63\u56e0\u4e3a\u5982\u6b64\uff0c\u8fd9\u79cd\u6781\u5ea6\u8c28\u614e\u7684\u6284\u5e95\u7b56\u7565\u53ef\u4ee5\u8bf4\u51e0\u4e4e\u662f 100% \u7684\u80dc\u7387\u3002\u5927\u5bb6\u53ef\u4ee5\u53c2\u8003\u4e00\u4e0b\u6211\u4eec\u6628\u5929\u53d1\u7684\u90a3\u7bc7\u6587\u7ae0\u53eb\u505a\u300a\u57282015\u5e74\u600e\u4e48\u6284\u5e95\u4e1c\u65b9\u8d22\u5bcc\u624d\u80fd\u8d5a\u94b1\uff1f\u300b<a href=\"https:\/\/cwam.cc\/article226-dfcf-2015-bottom-fishing-caution-20260730\/\" rel=\"noopener noreferrer\">https:\/\/cwam.cc\/article226-dfcf-2015-bottom-fishing-caution-20260730\/<\/a><\/p>\n<p class=\"risk\">\u98ce\u9669\u63d0\u793a\uff0c\u672c\u6587\u4ec5\u4e3a\u4e2a\u4eba\u611f\u609f\uff0c\u5bf9\u4e8e\u4ea7\u4e1a\u7684\u5206\u6790\u90fd\u662f\u57fa\u4e8e\u957f\u671f\u5224\u65ad\uff0c\u65e0\u6cd5\u9884\u6d4b\u77ed\u671f\u6da8\u8dcc\uff0c\u56e0\u6b64\u7ed3\u8bba\u65e2\u4e0d\u80fd\u4fdd\u8bc1\u7edd\u5bf9\u6b63\u786e\uff0c\u4e5f\u4e0d\u6784\u6210\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\uff0c\u80a1\u7968\u6295\u8d44\u98ce\u9669\u6781\u5927\uff0c\u4e25\u7981\u91cd\u4ed3\u4e2a\u80a1\u3001\u4e25\u7981\u52a0\u6760\u6746\uff0c\u968f\u65f6\u4f1a\u6709\u5de8\u4e8f\u7684\u98ce\u9669\u3002<\/p>\n<p><\/main><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u98ce\u9669\u63d0\u793a\uff0c\u672c\u6587\u4ec5\u4e3a\u4e2a\u4eba\u611f\u609f\uff0c\u5bf9\u4e8e\u4ea7\u4e1a\u7684\u5206\u6790\u90fd\u662f\u57fa\u4e8e\u957f\u671f\u5224\u65ad\uff0c\u65e0\u6cd5\u9884\u6d4b\u77ed\u671f\u6da8\u8dcc\uff0c\u56e0\u6b64\u7ed3\u8bba\u65e2\u4e0d\u80fd\u4fdd\u8bc1\u7edd\u5bf9\u6b63\u786e\uff0c\u4e5f\u4e0d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"article204-independent","meta":{"footnotes":""},"class_list":["post-1194","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/pages\/1194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/comments?post=1194"}],"version-history":[{"count":1,"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/pages\/1194\/revisions"}],"predecessor-version":[{"id":3636,"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/pages\/1194\/revisions\/3636"}],"wp:attachment":[{"href":"https:\/\/cwam.cc\/huiyuan\/wp-json\/wp\/v2\/media?parent=1194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}