[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-ai-vc-blockchain-infrastructure-q1-2026-zh":3,"article-related-ai-vc-blockchain-infrastructure-q1-2026-zh":30,"series-industry-5d3e36ff-7b65-4f31-9d2c-dd2a8622e5dd":76},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":23,"views":27,"created_at":28,"published_at":29,"topic_cluster_id":11},"5d3e36ff-7b65-4f31-9d2c-dd2a8622e5dd","ai-vc-blockchain-infrastructure-q1-2026-zh","80% VC 流向 AI，區塊鏈接棒","\u003Cp data-speakable=\"summary\">Q1 2026 全球創投約 3000 億美元中，AI 拿走近 80%，區塊鏈則開始承接 AI 的基礎設施需求。\u003C\u002Fp>\u003Cp>這代表資金焦點已從模型競賽，轉向支撐模型運轉的電力、晶片、雲端與網路。對\u003Ca href=\"\u002Fnews\u002Fharness-long-running-agent-coding-template-zh\">開發\u003C\u002Fa>者來說，下一輪機會不只在訓練更強的模型，也在讓模型能安全地付費、驗證身分、交換資料。\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>項目\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>全球創投資金，Q1 2026\u003C\u002Ftd>\u003Ctd>約 3000 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>AI 新創募資，Q1 2026\u003C\u002Ftd>\u003Ctd>約 2420 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>AI 佔比\u003C\u002Ftd>\u003Ctd>約 80%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Blackstone-Google AI 雲端合資案\u003C\u002Ftd>\u003Ctd>初始 50 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>預計 AI 資料中心容量\u003C\u002Ftd>\u003Ctd>2027 年達 500 MW\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>潛在合資擴張\u003C\u002Ftd>\u003Ctd>最高 250 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>大型科技 AI 基礎設施支出\u003C\u002Ftd>\u003Ctd>今年超過 7000 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Google AI 融資生態\u003C\u002Ftd>\u003Ctd>約 2000 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>發生了什麼\u003C\u002Fh2>\u003Cp>Q1 2026 的全球創投資金約 3000 億美元，其中 AI 新創吃下約 2420 億美元，幾乎是整體的 80%。這不是單一熱點，而是整個市場的資本重分配。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786048366426-r2ev.png\" alt=\"80% VC 流向 AI，區塊鏈接棒\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>文章指出，投資重心已從「誰的模型更強」移到「誰能把 AI 跑起來」。\u003Ca href=\"\u002Ftag\u002F資料中心\">資料中心\u003C\u002Fa>、客製晶片、雲端容量、網路設備與能源資產，正在變成新一輪大額下注的核心。\u003C\u002Fp>\u003Cp>幾個案例把這\u003Ca href=\"\u002Fnews\u002Fpanda-ai-golden-presale-ai-blockchain-zh\">件事\u003C\u002Fa>講得更直白。\u003Ca href=\"https:\u002F\u002Fwww.blackstone.com\" target=\"_blank\" rel=\"noopener\">Blackstone\u003C\u002Fa> 與 \u003Ca href=\"https:\u002F\u002Fwww.google.com\" target=\"_blank\" rel=\"noopener\">Google\u003C\u002Fa> 宣布 50 億美元合資案，做一個以 TPU 為基礎的 AI 雲端業務，目標是 2027 年前擴到 500 MW，後續甚至可拉到 250 億美元。\u003Ca href=\"https:\u002F\u002Fwww.ft.com\" target=\"_blank\" rel=\"noopener\">Financial Times\u003C\u002Fa> 也提到，Google 相關 AI 融資生態規模已接近 2000 億美元。\u003C\u002Fp>\u003Cp>市場上還有另一個訊號：四個最大規模的創投輪在 Q1 2026 幾乎都落在 AI，涵蓋 \u003Ca href=\"\u002Ftag\u002Fopenai\">OpenAI\u003C\u002Fa>、\u003Ca href=\"\u002Ftag\u002Fanthropic\">Anthropic\u003C\u002Fa>、\u003Ca href=\"\u002Ftag\u002Fxai\">xAI\u003C\u002Fa> 與 Waymo。\u003Ca href=\"https:\u002F\u002Fwww.reuters.com\" target=\"_blank\" rel=\"noopener\">Reuters\u003C\u002Fa> 則稱，大型科技公司今年在 \u003Ca href=\"\u002Ftag\u002Fai-\">AI 基礎設施\u003C\u002Fa>上的支出可能超過 7000 億美元。\u003C\u002Fp>\u003Cul>\u003Cli>資金從應用層往底層移動，基礎設施先吃到錢。\u003C\u002Fli>\u003Cli>前 Bitcoin 挖礦公司開始轉做 AI 算力與機房營運。\u003C\u002Fli>\u003Cli>AI 與區塊鏈的交集，從投機題材變成工程題材。\u003C\u002Fli>\u003Cli>誰掌握電力、算力與結算層，誰就更接近下一輪平台紅利。\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>為什麼重要\u003C\u002Fh2>\u003Cp>對開發者來說，這波錢不是只會流向更大的模型公司。文章認為，自主\u003Ca href=\"\u002Fnews\u002Fai-agents-will-expose-web3-weakest-systems-zh\">代理\u003C\u002Fa>需要數位身分、資產所有權、可信資料來源、支付與機器對機器協調，這些都需要一套可共用的基礎層。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786048364598-4zhf.png\" alt=\"80% VC 流向 AI，區塊鏈接棒\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>這也是區塊鏈重新被放回桌上的原因。當 AI 代理開始自己下單、付費、交換資料時，鏈上身份、代幣化資料市場、可驗證結算與微支付系統，就不再只是加密貨幣圈的敘事，而是產品設計的一部分。\u003C\u002Fp>\u003Cp>對產業端而言，這會改變融資邏輯。投資人不只看模型準確率，也會看誰能提供算力調度、支付路徑、資料權限與審計能力，因為這些才是 AI 大規模商用時最先卡住的地方。\u003C\u002Fp>\u003Cp>換句話說，AI 吃掉的是今天的資本，區塊鏈競逐的是明天機器之間怎麼交易。問題只剩一個：當模型越來越會做決策，誰來定義它們可以用什麼身份、什麼錢、什麼規則上線？\u003C\u002Fp>","Q1 2026 全球創投約 3000 億美元中，AI 吃下近 80%。資金下一站開始轉向 AI 基礎設施，也讓區塊鏈的身份、支付與結算層進入投資視野。","blockster.com","https:\u002F\u002Fblockster.com\u002Fai-is-taking-venture-capital-blockchain-is-building-the-infrastructure",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786048366426-r2ev.png","industry","zh","3cbfc57e-4456-494e-a8a3-2c461951b3aa",[17,18,19,20,21,22],"AI 融資","創投","區塊鏈基礎設施","AI 代理","資料中心","支付",[24,25,26],"Q1 2026 全球創投約 3000 億美元，AI 就拿走約 2420 億美元。","資金下一站不是只看模型，而是看支撐 AI 運轉的算力、電力與雲端基礎設施。","區塊鏈的機會在身份、支付、資料市場與結算層，尤其是面向 AI 代理的場景。",0,"2026-08-06T20:32:24.643169+00:00","2026-08-06T20:32:24.615+00:00",{"tags":31,"relatedLang":35,"relatedPosts":39},[32,34],{"name":20,"slug":33},"ai-代理",{"name":21,"slug":21},{"id":15,"slug":36,"title":37,"language":38},"ai-vc-blockchain-infrastructure-q1-2026-en","80% of Q1 2026 VC Went to AI, But Blockchain Is Next","en",[40,46,52,58,64,70],{"id":41,"slug":42,"title":43,"cover_image":44,"image_url":44,"created_at":45,"category":13},"90b2ee6f-a89d-4f62-8b03-d7e54b6a65ce","seed-jinzhi-zhengliu-model-boundary-tightened-zh","Seed禁蒸馏把边界收紧","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786041213314-xc6x.png","2026-08-06T18:33:12.400229+00:00",{"id":47,"slug":48,"title":49,"cover_image":50,"image_url":50,"created_at":51,"category":13},"20b74a5c-119c-4cd3-b31d-7725caabdda4","windows-codex-claude-code-install-errors-fix-zh","Windows 装 Codex 和 Claude Code 先避开 5 个报错","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786039376130-jjjm.png","2026-08-06T18:02:32.300107+00:00",{"id":53,"slug":54,"title":55,"cover_image":56,"image_url":56,"created_at":57,"category":13},"51a6ba1f-cdea-4464-a705-8d2d4cc50577","rust-1971-fixes-compiler-bug-stable-users-felt-zh","Rust 1.97.1 修補穩定版編譯器誤編譯","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786003375319-v1jr.png","2026-08-06T08:02:24.571304+00:00",{"id":59,"slug":60,"title":61,"cover_image":62,"image_url":62,"created_at":63,"category":13},"da8e10cc-8bf3-44b5-87cd-0cb638872102","openai-long-article-reusable-template-zh","OpenAI 長文拆成可復用模板","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1786001629194-b8u0.png","2026-08-06T07:33:24.88955+00:00",{"id":65,"slug":66,"title":67,"cover_image":68,"image_url":68,"created_at":69,"category":13},"d949aa3b-ba70-40a5-98f9-b5b98f21df36","opencode-go-open-coding-models-affordable-zh","OpenCode Go 讓開放編碼模型更平價","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785974564224-vygq.png","2026-08-06T00:02:22.707168+00:00",{"id":71,"slug":72,"title":73,"cover_image":74,"image_url":74,"created_at":75,"category":13},"9801e853-c7c4-4f22-b813-5daa6aef0c32","system-design-resources-that-actually-help-you-prep-zh","7 個真正有用的系統設計備考資源","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1785956575257-6ve4.png","2026-08-05T19:02:29.191039+00:00",[77,82,87,92,97,102,107,112,117,122],{"id":78,"slug":79,"title":80,"created_at":81},"ee073da7-28b3-4752-a319-5a501459fb87","ai-in-2026-what-actually-matters-now-zh","2026 AI 真正重要的事","2026-03-26T07:09:12.008134+00:00",{"id":83,"slug":84,"title":85,"created_at":86},"83bd1795-8548-44c9-9a7e-de50a0923f71","trump-ai-framework-power-speech-state-preemption-zh","川普 AI 框架瞄準電力、言論與州權","2026-03-26T07:12:18.695466+00:00",{"id":88,"slug":89,"title":90,"created_at":91},"ea6be18b-c903-4e54-97b7-5f7447a612e0","nvidia-gtc-2026-big-ai-announcements-zh","NVIDIA GTC 2026 重點拆解","2026-03-26T07:14:26.62638+00:00",{"id":93,"slug":94,"title":95,"created_at":96},"4bcec76f-4c36-4daa-909f-54cd702f7c93","claude-users-spreading-out-and-getting-better-zh","Claude 用戶更分散，也更會用","2026-03-26T07:22:52.325888+00:00",{"id":98,"slug":99,"title":100,"created_at":101},"bd903b15-2473-4178-9789-b7557816e535","openclaw-raises-hard-question-for-ai-models-zh","OpenClaw 逼問 AI 模型價值","2026-03-26T07:24:54.707486+00:00",{"id":103,"slug":104,"title":105,"created_at":106},"eeac6b9e-ad9d-4831-8eec-8bba3f9bca6a","gap-google-gemini-checkout-fashion-search-zh","Gap 把結帳搬進 Gemini","2026-03-26T07:28:23.937768+00:00",{"id":108,"slug":109,"title":110,"created_at":111},"0740e53f-605d-4d57-8601-c10beb126f3c","google-pushes-gemini-transition-to-march-2026-zh","Google 把 Gemini 轉換延到 2026 年 3…","2026-03-26T07:30:12.825269+00:00",{"id":113,"slug":114,"title":115,"created_at":116},"e660d801-2421-4529-8fa9-86b82b066990","metas-llama-4-benchmark-scandal-gets-worse-zh","Meta Llama 4 分數風波又擴大","2026-03-26T07:34:21.156421+00:00",{"id":118,"slug":119,"title":120,"created_at":121},"183f9e7c-e143-40bb-a6d5-67ba84a3a8bc","accenture-mistral-ai-sovereign-enterprise-deal-zh","Accenture 攜手 Mistral AI 賣主權 AI","2026-03-26T07:38:14.818906+00:00",{"id":123,"slug":124,"title":125,"created_at":126},"191d9b1b-768a-478c-978c-dd7431a38149","mistral-ai-faces-its-hardest-year-yet-zh","Mistral AI 迎來最硬的一年","2026-03-26T07:40:23.716374+00:00"]