软银54亿美元收购ABB机器人业务，为何被中国一票否决｜附文
字幕摘录
| 时间 | 英文 | 中文 |
|---|---|---|
| 0:00 | A big Japanese technology company has 5.4 billion dollars ready. | 日本一家大科技公司备案54亿. |
| 0:04 | Right. | 对 |
| 0:05 | I mean, the money is there, the contracts are done. | 我的意思是,钱在那里, 合同已经完成。 |
| 0:07 | But the Chinese government just steps in. | 但中国政府只是介入。 |
| 0:09 | They kill the deal completely. | 他们彻底地破坏了交易 |
| 0:11 | They stop it entirely. | 他们完全停止了它。 |
| 0:12 | And why? | 为什么? |
| 0:13 | Well, because the most valuable thing changing hands was not metal. | 因为换手最有价值的不是金属 |
| 0:17 | It was memory. | 这是记忆。 |
| 0:17 | That is exactly right. | 没错 |
展开字幕全文（301 条）
| 序号 | 英文 | 中文 |
|---|---|---|
| 1 | A big Japanese technology company has 5.4 billion dollars ready. | 日本一家大科技公司备案54亿. |
| 2 | Right. | 对 |
| 3 | I mean, the money is there, the contracts are done. | 我的意思是,钱在那里, 合同已经完成。 |
| 4 | But the Chinese government just steps in. | 但中国政府只是介入。 |
| 5 | They kill the deal completely. | 他们彻底地破坏了交易 |
| 6 | They stop it entirely. | 他们完全停止了它。 |
| 7 | And why? | 为什么? |
| 8 | Well, because the most valuable thing changing hands was not metal. | 因为换手最有价值的不是金属 |
| 9 | It was memory. | 这是记忆。 |
| 10 | That is exactly right. | 没错 |
| 11 | It really flips how we look at global business. | 它真的改变了我们看待全球业务的方式。 |
| 12 | Yeah. | 对 |
| 13 | We usually think cash is king, you know, but this block shows us a new reality. | 我们通常认为现金是国王 但这个街区给我们展示了新的现实 |
| 14 | Data is the ultimate money now. | 数据是现在的最终资金。 |
| 15 | Welcome to this deep dive. | 欢迎来到这次深度潜水 |
| 16 | Today, we are looking at a massive business deal that just crashed. | 今天,我们正在研究一个刚刚崩溃的大规模商业交易。 |
| 17 | A really surprising one. | 一个非常令人惊讶的。 |
| 18 | We have a recent news report from the South China Morning Post. | 南华早报最新新闻报道. |
| 19 | Our mission today is to understand how this happened. | 我们今天的任务是了解这是怎么回事。 |
| 20 | Like how can one country stop a deal between two foreign companies? | 比如一个国家如何阻止两家外国公司之间的交易? |
| 21 | It is a great question. | 这是一个伟大的问题。 |
| 22 | We will also explore what this means for the future of artificial intelligence or AI as we call it. | 我们还将探讨这对我们所说的人工智能或AI的未来意味着什么. |
| 23 | Okay. | 摆 |
| 24 | Let's unpack this. | 把这个拆开 |
| 25 | Right. | 对 |
| 26 | So the facts of this block deal are just huge. | 因此,这个街区交易的事实只是巨大的。 |
| 27 | We are talking about SoftBank. | 我们在谈论软银行。 |
| 28 | The Japanese company. | 日本公司. |
| 29 | Yes. | 对 |
| 30 | SoftBank is a huge investor from Japan. | SoftBank是来自日本的巨型投资商. |
| 31 | They manage a lot of money. | 他们管理着很多钱。 |
| 32 | They wanted to buy the robotics part of a company called ABB. | 他们想买一个叫ABB的公司里的机器人 |
| 33 | And ABB is a famous engineering group from Switzerland. | 而ABB是瑞士著名的工程集团. |
| 34 | Exactly. | 没错 |
| 35 | This kind of deal is called an acquisition. | 这种交易被称为收购. |
| 36 | That just means one company buys another. | 就是说一家公司又买了另一家 |
| 37 | 所以SoftBank提供了54亿美元。 | |
| 38 | A massive amount. | 一大笔钱 |
| 39 | Yeah. | 对 |
| 40 | And they fully expected the deal to succeed. | 他们完全期望这个交易能成功。 |
| 41 | But last week, China's state planner said, no, they blocked it. | 但上周,中国的州计划员说,不,他们封锁了. |
| 42 | This state planner is called the National Development and Reform Commission. | 这个州规划者被称为国家发展和改革委员会. |
| 43 | We just call them the NDRC. | 我们只是叫他们NDRC。 |
| 44 | The NDRC. | 国家发改委. |
| 45 | Got it. | 明白吗? |
| 46 | They are a government group in China. | 他们是中国的一个政府团体。 |
| 47 | They check if foreign money is safe. | 他们检查外国钱是否安全 |
| 48 | They want to make sure it does not harm their national security. | 他们希望确保不会损害他们的国家安全。 |
| 49 | 所以,NDRC进入。 | |
| 50 | But I have to push back here. | 但我必须推回这里。 |
| 51 | Sure. | 当然 |
| 52 | Go ahead. | 来吧。 |
| 53 | SoftBank是日本人,ABB是瑞士人. | |
| 54 | Right. | 对 |
| 55 | It is like, well, imagine you are buying a car from your neighbor. | 这就像,嗯,想象 你在买车 从你的邻居。 |
| 56 | Okay. | 摆 |
| 57 | The deal is just between you two. | 交易只是你们之间的 |
| 58 | But suddenly the city mayor steps in. | 但突然,市市长走进来。 |
| 59 | The mayor forbids the sale entirely. | 市长完全禁止出售。 |
| 60 | It sounds strange when you put it like that. | 你这么说听起来很奇怪 |
| 61 | It really does. | 确实 |
| 62 | Why does China even have a voice in a deal between a Swiss seller and a Japanese buyer? | 为什么中国在瑞士卖方和日本买方之间的交易中甚至有发言权? |
| 63 | That is the core puzzle here. | 这是这里的核心谜题。 |
| 64 | To solve it, we cannot just look at the paperwork. | 为了解决这个问题,我们不能只看文件。 |
| 65 | What do we look at? | 我们看什么? |
| 66 | We have to look at the ground reality. | 我们必须审视地面现实。 |
| 67 | We have to see where ABB actually works. | 我们得看看ABB在哪里工作 |
| 68 | Oh, I see. | 原来如此 |
| 69 | So ABB is Swiss on paper, but you are saying their physical reality is different. | 所以ABB是瑞士的纸面, 但你是说 他们的身体现实是不同的。 |
| 70 | Exactly. | 没错 |
| 71 | If we connect this to the bigger picture, China is not just watching this deal from the outside. | 如果我们把这件事和大局联系起来,中国就不仅仅是从外面看这个交易. |
| 72 | Right. | 对 |
| 73 | China is the home base for ABB. | 中国是ABB的母基地. |
| 74 | The numbers from the report show this very clearly. | 报告中的数字非常清楚地表明了这一点。 |
| 75 | I saw those numbers. | 我看到那些数字。 |
| 76 | They are absolutely huge. | 它们绝对是巨大的。 |
| 77 | They really are. | 他们真的是。 |
| 78 | China makes up about 30 percent of ABB's entire robot business. | 中国占ABB整个机器人业务的30%左右. |
| 79 | Yes. | 对 |
| 80 | And it goes way beyond just selling robots. | 它远不止于出售机器人。 |
| 81 | How so? | 为什么? |
| 82 | Well, ABB operates 30 local companies right inside China. | ABB在中国境内经营30家本地公司 |
| 83 | Well, 30 companies. | 嗯,30个公司。 |
| 84 | Yeah. | 对 |
| 85 | And they employ around 15,000 people there. | 他们在那里雇用了大约15,000人。 |
| 86 | That is a lot of local jobs. | 这是很多的地方工作。 |
| 87 | It is. | 没错 |
| 88 | These workers are spread out. | 这些工人被分散。 |
| 89 | They are in nearly 130 different Chinese cities. | 分布于近130个不同的中国城市. |
| 90 | And the report also said they have sales channels in almost 700 cities. | 而报告也称他们在近700个城市拥有销售渠道. |
| 91 | Yes, 700. | 是的,700块。 |
| 92 | It is a massive local footprint. | 这是一个巨大的当地足迹。 |
| 93 | So China is not just a market for them. | 所以中国不仅仅是他们的市场。 |
| 94 | It is their foundation. | 这是他们的基础。 |
| 95 | Exactly. | 没错 |
| 96 | But there is one detail that truly shocked me. | 但有一个细节确实让我震惊。 |
| 97 | The main office. | 主处. |
| 98 | Yes. | 对 |
| 99 | ABB Engineering in Shanghai is actually the global headquarters for their robotics. | 位于上海的ABB工程公司实际上是他们的机器人的全球总部. |
| 100 | Right. | 对 |
| 101 | The whole brain of the operation is in Shanghai. | 整个手术的大脑都在上海. |
| 102 | That breaks my idea of global companies. | 这打破了我对全球性公司的想法。 |
| 103 | I mean, you usually think the brain stays in the home country. | 我的意思是,你通常认为 大脑留在母国。 |
| 104 | Sure. | 当然 |
| 105 | You expect a Swiss company to stay in Switzerland. | 你希望瑞士公司留在瑞士 |
| 106 | Yeah. | 对 |
| 107 | You expect them to keep their best secrets there. | 你期望他们在那里保持他们最好的秘密。 |
| 108 | Well, that used to be the normal way. | 嗯,这曾经是正常的方式。 |
| 109 | But technology moves fast now. | 但是现在技术进展很快。 |
| 110 | And Shanghai is very important. | 而上海也是非常重要的. |
| 111 | Because of the talent. | 因有才华. |
| 112 | Yes. | 对 |
| 113 | It is an important center for research and development. | 它是一个重要的研发中心。 |
| 114 | We call that R&D. | 我们称之为研发。 |
| 115 | R&D. | 研发. |
| 116 | Right. | 对 |
| 117 | That is the place where new ideas are invented and tested. | 这就是发明和试验新思想的地方。 |
| 118 | Exactly. | 没错 |
| 119 | Shanghai is where they invent the future. | 上海是他们创造未来的地方 |
| 120 | So wait, SoftBank was not just buying a Swiss brand. | 等等,SoftBank不只是买瑞士品牌 |
| 121 | No. | 没有 |
| 122 | They were trying to buy a massive Chinese operation. | 他们试图购买 一个大规模的中国业务。 |
| 123 | They wanted the Shanghai R&D centers. | 他们想要上海研发中心 |
| 124 | Yes. | 对 |
| 125 | And that is why the NDRC stepped in. | 这就是为什么NDRC介入。 |
| 126 | They have the power over operations inside their country. | 他们有权控制国内的行动。 |
| 127 | They can just block the sale of those local things. | 他们可以阻止那些本地东西的销售 |
| 128 | Exactly. | 没错 |
| 129 | So your car analogy makes sense now. | 所以你的车类比现在有道理了 |
| 130 | Right. | 对 |
| 131 | It is not just buying a car from a neighbor. | 这不仅仅是从邻居那里买车 |
| 132 | No. | 没有 |
| 133 | It is trying to buy the mayor's own personal network. | 它试图购买市长自己的个人网络。 |
| 134 | You cannot just pack that up and ship it away. | 你不能就这样收拾东西 把它运走 |
| 135 | The government will simply not allow it. | 政府不会允许的 |
| 136 | Right. | 对 |
| 137 | Now we know how China stopped the deal. | 现在我们知道中国是如何阻止交易的了 |
| 138 | But we really need to look at why. | 但我们真的需要看看原因。 |
| 139 | Yes. | 对 |
| 140 | The motive is the big story. | 动机是大故事。 |
| 141 | Here's where it gets really interesting. | 这是真正有趣的。 |
| 142 | It really does. | 确实 |
| 143 | Because the NDRC does not care about the physical metal robots. | 因为NDRC并不关心物理金属机器人. |
| 144 | What do they care about? | 他们在乎什么? |
| 145 | They are deeply worried about data. | 他们对数据深感忧虑。 |
| 146 | The invisible data. | 隐形数据. |
| 147 | Yes. | 对 |
| 148 | They fear that data from these factory robots would be sent overseas. | 他们担心这些工厂机器人的数据会被送到海外. |
| 149 | But I need to challenge our old ideas here. | 但我需要挑战我们的旧思想 |
| 150 | Go for it. | 来啊 |
| 151 | When I think of a factory robot I just picture a dumb metal arm. | 当我想到一个工厂的机器人时, 我只是想象一个愚蠢的金属手臂。 |
| 152 | A lot of people do. | 很多人都这样 |
| 153 | Right. | 对 |
| 154 | It picks up a heavy part. | 其取重部分. |
| 155 | It puts it down. | 它把它下来。 |
| 156 | It does this all day long. | 整天都这样 |
| 157 | Well that was true a long time ago. | 那是很久以前的事了 说得没错 |
| 158 | Today a robotic arm is totally different. | 今天机器人手臂完全不同 |
| 159 | How so? | 为什么? |
| 160 | It is covered in sensors. | 它被传感器覆盖 |
| 161 | It has high quality cameras. | 它有高质量的摄像头。 |
| 162 | It measures weight and temperature and pressure. | 它测量重量、温度和压力。 |
| 163 | So it watches everything around it. | 所以它看着周围的一切。 |
| 164 | Yes. | 对 |
| 165 | It learns how fast a human walks by. | 它学会了人类走多快 |
| 166 | It learns how much force to use on a glass object. | 它学会了对玻璃物体使用多少力量. |
| 167 | Oh wow. | 哦,哇呜。 |
| 168 | Every single movement creates data. | 每个运动都会产生数据。 |
| 169 | Exactly. | 没错 |
| 170 | The machine learns how the real physical world works. | 机器学习真实的物理世界如何运作. |
| 171 | So these robots are basically giant data vacuums. | 因此这些机器人基本上是巨大的数据真空. |
| 172 | That is a great way to say it. | 说得真好 |
| 173 | They collect information every second of the day. | 他们每天收集信息 |
| 174 | And that data is super valuable. | 这些数据非常宝贵。 |
| 175 | It is the most valuable thing in tech today. | 这是当今科技最有价值的东西。 |
| 176 | It is what we need to train new AI models. | 这就是我们需要培训新的人工智能模型。 |
| 177 | Let us break this down for the listener. | 让我们为听众破解这一切。 |
| 178 | Like how does factory data connect to AI? | 比如工厂数据如何与AI连接? |
| 179 | Well most AI today learns from the internet. | 今天大多数AI都从互联网上学习。 |
| 180 | They read lots of text. | 他们读了很多文本。 |
| 181 | Right. | 对 |
| 182 | They read websites. | 他们读网站。 |
| 183 | Yes. | 对 |
| 184 | But they do not understand the physical world. | 但他们不了解物理世界。 |
| 185 | Like an AI can write a poem about an apple. | 就像AI可以写一首关于苹果的诗. |
| 186 | Exactly. | 没错 |
| 187 | But it does not know how heavy the apple is. | 但它不知道苹果有多重。 |
| 188 | It doesn't know how hard to grab it. | 它不知道有多难抓住它。 |
| 189 | Right. | 对 |
| 190 | To build smarter AI you need physical data. | 要建立更聪明的AI 你需要物理数据 |
| 191 | You need to teach the AI the rules of the real world. | 你需要教人工智能真实世界的规则。 |
| 192 | Yes. | 对 |
| 193 | And who has all that physical data? | 谁有这些物理数据? |
| 194 | The robots. | 机器人们 |
| 195 | The millions of robots working in Chinese factories. | 在中国工厂工作的数百万机器人. |
| 196 | No. | 没有 |
| 197 | 让SoftBank回到故事里来 | |
| 198 | The Japanese buyer. | 日本买家. |
| 199 | Right. | 对 |
| 200 | The report notes that SoftBank invests heavily in open AI. | 报告指出,SoftBank在公开AI上投入了大量资金. |
| 201 | Oh wow. | 哦,哇呜。 |
| 202 | Open AI makes some of the smartest AI in the world. | 开放AI使得一些智能AI成为了世界上最聪明的AI. |
| 203 | Yes. | 对 |
| 204 | So the path is clear to the Chinese government. | 故道明于中国政府. |
| 205 | SoftBank buys the robots. | 软银行收购机器人. |
| 206 | The robots collect the physical data. | 机器人收集物理数据. |
| 207 | And then SoftBank could send that data overseas. | 然后SoftBank就可以把数据发送到海外 |
| 208 | Exactly. | 没错 |
| 209 | They give it to foreign AI companies. | 他们把它给了外国AI公司. |
| 210 | And that foreign AI becomes much smarter using Chinese factory data. | 而使用中国工厂数据,外国的人工智能变得更加聪明。 |
| 211 | The NDRC saw this happening. | NDRC看到了这种情况。 |
| 212 | And they stopped it. | 他们阻止了这一切。 |
| 213 | They do not want foreign AI to get smarter using their local data. | 他们不希望外国AI使用本地数据变得更加聪明. |
| 214 | This changes everything. | 这改变了一切。 |
| 215 | Are countries fighting over physical machines or just the invisible data they gather? | 国家是在为物理机器而战还是仅仅收集无形数据? |
| 216 | It is definitely the data. | 这绝对是数据。 |
| 217 | The metal machine is just a tool to gather the data. | 金属机只是收集数据的工具. |
| 218 | Without the data the AI cannot learn anything new about the real world. | 没有数据,大赦国际就无法了解现实世界的新情况。 |
| 219 | Right. | 对 |
| 220 | The data is the real prize here. | 数据才是真正的奖项 |
| 221 | This completely moves our conversation. | 这完全改变了我们的对话。 |
| 222 | We went from physical factories to the digital world. | 我们从物理工厂到数字世界。 |
| 223 | It is a totally new kind of conflict. | 这是一个全新的冲突。 |
| 224 | And this block deal is not just a one time thing is it? | 而这个街区交易 不只是一个时间的事情吗? |
| 225 | No it is not. | 不,不是这样的。 |
| 226 | What's fascinating here is the larger trend. | 这里最迷人的是更大的趋势。 |
| 227 | We are seeing a massive tech wall being built. | 我们看到一个巨大的技术墙正在建造。 |
| 228 | A global wall protecting new technology. | 保护新技术的全球墙。 |
| 229 | Yes. | 对 |
| 230 | The Chinese government is watching foreign money very closely. | 中国政府非常密切地注视着外国资金. |
| 231 | They are protecting their domestic tech companies. | 他们正在保护本国的技术公司。 |
| 232 | This block must really hurt the boss of SoftBank. | 这个街区一定伤害了SoftBank的老板 |
| 233 | Oh yes. | 对 |
| 234 | His name is Masayoshi Sun. | 他叫孙正雄 |
| 235 | He has a massive plan for AI. | 他有一个庞大的AI计划。 |
| 236 | He sees robotics as a core part of that AI strategy. | 他认为机器人是AI战略的核心部分. |
| 237 | He does. | 他这样做。 |
| 238 | But this wall stops his plan. | 但是这堵墙阻止了他的计划 |
| 239 | This is actually the second major deal blocked by China this year right? | 这是今年中国阻止的第二大交易,对吧? |
| 240 | Yes. | 对 |
| 241 | The report mentions an earlier deal with Metta. | 报告提到早先与梅塔的交易. |
| 242 | Metta is a giant tech company from the U.S. | 梅塔是一家来自美国的大型技术公司. |
| 243 | Right. | 对 |
| 244 | Earlier this year Metta bought a Chinese AI startup called Manus. | 今年早些时候,梅塔购买了中国的人工智能启动器,名为Manus. |
| 245 | And that deal was worth over two billion dollars. | 这笔交易价值超过20亿美元。 |
| 246 | It's a huge deal. | 这是一个巨大的交易。 |
| 247 | But China stepped in later. | 但中国后来介入. |
| 248 | What did they do? | 他们做了什么? |
| 249 | They ordered Metta to undo the purchase completely. | 他们命令Metta彻底取消购买. |
| 250 | Wait really? | 真的吗? |
| 251 | How does the government force a U.S. | 政府如何强迫一个美国。 |
| 252 | giant to just undo a two billion dollar deal? | 巨型的,只要解除20亿美元的交易? |
| 253 | Well the government has all the power locally. | 政府在当地拥有一切权力。 |
| 254 | They control the business licenses. | 他们控制营业执照。 |
| 255 | They control the local banks. | 他们控制着当地的银行 |
| 256 | Oh so if Metta refuses they lose everything in that market. | 所以如果梅塔拒绝的话 他们就会失去市场的一切 |
| 257 | Exactly. | 没错 |
| 258 | They had no choice. | 他们别无选择。 |
| 259 | They had to undo the deal. | 他们不得不取消交易。 |
| 260 | So Beijing is strictly protecting something the report calls frontier | 所以北京是严格保护 报告称之为边境的东西 |
| 261 | technologies. | 技术。 |
| 262 | Yes. | 对 |
| 263 | We should explain that term simply. | 我们应该简单地解释这一用语。 |
| 264 | Please do. | 请吧 |
| 265 | Frontier technologies are just the newest most advanced tech in the world. | 前沿技术只是世界上最先进的技术。 |
| 266 | Like advanced AI and smart robots. | 如高级AI和智能机器人. |
| 267 | Right. | 对 |
| 268 | Beijing does not want foreign powers controlling these future tools. | 北京不希望外国势力控制这些未来工具. |
| 269 | So it does not matter if you are a giant from the U.S. | 所以,这不重要,如果你是一个巨人 从美国。 |
| 270 | or Japan. | 或日本。 (简体中文) |
| 271 | The answer is still no. | 答案仍然是否定的。 |
| 272 | If the deal moves this advanced data overseas they will block it. | 如果交易把高级数据转移到海外 他们就会封锁 |
| 273 | SoftBank had five point four billion dollars ready to spend but the money | SoftBank有540亿美元准备花 但是钱 |
| 274 | did not matter at all. | 一点都不重要。 |
| 275 | The only thing that mattered was the data. | 唯一重要的是数据 |
| 276 | So what does this all mean? | 这是什么意思? |
| 277 | It means we are living in a totally new world. | 这意味着我们生活在一个全新的世界中。 |
| 278 | Big business deals are no longer just about money. | 大生意交易不再只是金钱 |
| 279 | No they are about controlling the future of AI. | 不,他们是为了控制AI的未来。 |
| 280 | For you listening right now this means the technology you use every day is | 现在,你听,这意味着你每天使用的技术是 |
| 281 | caught in a global tug of war. | 陷入了一场全球战争 |
| 282 | A tug of war for data. | 为数据而战 |
| 283 | Your smart devices your phone they'll rely on this data race. | 你的智能设备,你的手机 他们会依赖这个数据竞赛。 |
| 284 | Everyone wants to build the smartest AI. | 每个人都想建立最聪明的AI. |
| 285 | And to do that you need to guard your data closely. | 为了做到这一点,你需要 保护好你的数据。 |
| 286 | This leaves me with a final lingering question for the listener. | 这留给我最后一个留待回答的问题 |
| 287 | What is it? | 这是什么? |
| 288 | Well we always worry about our own human data privacy. | 我们总是担心自己的人类数据隐私。 |
| 289 | Like our phones tracking where we go. | 就像我们的手机追踪我们去的地方 |
| 290 | Exactly. | 没错 |
| 291 | But if countries are crashing billion dollar deals over factory robot data. | 但是如果各国对工厂的机器人数据 进行十亿美元的交易 |
| 292 | Right. | 对 |
| 293 | What happens when the most valuable secrets in the world do not belong to | 当世界上最有价值的秘密不属于 |
| 294 | people. | 人们 |
| 295 | That is a scary thought. | 这是一个可怕的想法。 |
| 296 | What happens when those secrets belong to millions of machines. | 当这些秘密属于数百万机器时会发生什么。 |
| 297 | Just talking to each other. | 只是互相交谈 |
| 298 | Who really owns a machine's memory. | 真正拥有机器记忆的人. |
| 299 | That is the big question. | 这是一个大问题。 |
| 300 | Let that sink in the next time you hear about a major tech deal. | 下次你听到重大技术交易时 让它沉下去 |
| 301 | Thank you for joining us on this deep dive. | 谢谢你加入我们的深潜行动 |
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