Nowadays it is easy to get desensitised(使麻木，使失去敏感) to big numbers. Every week stonking(巨大的，惊人的) deals are announced. Only four days after SpaceX, Elon Musk’s rocket-maker, raised $86bn in the largest ever public listing(公开上市) on June 12th, it said it would buy Cursor, an artificial-intelligence coding startup, for $60bn. The same day DeepSeek, a Chinese AI lab, said it had raised $7bn in the fourth-biggest venture-capital (VC) round(风险投资轮次) ever in the country.
如今，人们很容易对大数字感到麻木。每周都有重磅交易宣布。就在6月12日，埃隆·马斯克的火箭制造公司SpaceX以史上最大公开募股融资860亿美元的四天后，该公司宣布将以600亿美元收购人工智能编程初创公司Cursor。同一天，中国AI实验室DeepSeek表示，它已完成70亿美元融资，这是该国历史上第四大风险投资轮次。
So far this year mega-mergers(巨额并购) worth over $10bn have accounted for(占（比例）) 48% of total deal value, the highest level on record(有记录以来), according to Dealogic, a data provider (see chart 1). Bets on startups are also concentrating(集中): investment rounds larger than $1bn have accounted for 61% of total VC funding this year, with four-fifths of those rounds involving a corporate investor(涉及企业投资者), according to PitchBook, another data provider (see chart 2).
今年迄今，价值超过100亿美元的巨额并购交易已占交易总额的48%，创下历史最高纪录，数据提供商Dealogic的数据显示（见图表1）。对初创公司的押注也在集中：根据另一家数据提供商PitchBook的数据，今年超过10亿美元的投资轮次已占风投总额的61%，其中五分之四的轮次涉及企业投资者（见图表2）。
The trend towards supersize(超大号的) capital flows is visible everywhere you look. Greenfield foreign direct investment (FDI) projects worth over $1bn have made up 42% of the total since the start of 2024, up from 28% from 2016-18, reckons(估计，认为) fDi Markets, which tracks(追踪，跟踪) projects (see chart 3).
趋势超大资本流动的痕迹随处可见。据追踪项目的fDi Markets估计，自2024年初以来，价值超过10亿美元的绿地外国直接投资项目占总量的42%，高于2016-18年间的28%（见图表3）。
