Perhaps this is because, as the industrial age gives way to the digital age, the intangible assets that increasingly matter are not easy to put a value on.

是因为，随着工业时代让步于数字时代，无形资产日益重要且其价值变得难以估量。

As a saying goes, the trade mark is an inseparable part of the commodity and an intangible asset of an enterprise.

有道是商标是商品不可分割一部分，它也是企业无形资产。

One evening he comes across the accounts of a target company and sees immediately that it has overvalued the intangible assets on its balance-sheet.

一天晚上，他偶然看到一家目标公司账目，并立即发现他们高估了该公司资产负债表上无形资产。

They also lose valuable know-how and intangible assets.

他们还失去了宝贵专业知识和无形资产。

The rise of intangible assets is a big one.

无形资产价值上升是一个重要因素。

And that is one way of valuing an intangible asset.

就是评估无形资产一种方法。

It is less reliant on China and more reliant on intangible assets such as software and patents.

它对依赖程度较低，而对软件和专利等无形资产依赖程度更高。

And we're loaning cryptoassets that meet the definition of an intangible asset, so not financial assets.

我们正在将符合无形资产定义加密资产出借，而不是金融资产。

Because capital and intangible assets are highly mobife, they lend themselves to pure tax arbitrage-which strives to allocate profits not for greater economic efficiency, but merely to cheat the tax collector.

因为资本和无形资产具有高度流动性，它们适用于纯粹税收套利，种套利旨在分配利润并不是为了更大经济效益，而仅仅是为了欺骗税务人员。

Yeah, I guess the only other point I'd make is that we've been referencing the cryptoasset loans to the borrower meets the definition of an intangible asset.

是，我想补充另一点是，我们一直提到加密资产贷款，借款人符合无形资产定义。

As AI automates tasks across industries, companies are increasingly shifting their focus towards intangible assets such as creativity, critical thinking, and emotional intelligence.

随着人工智能实现跨行业任务自动化，公司越来越多地将注意力转向创造力、批判性思维和情商等无形资产。