TNB科技一分钟：风投公司从软件投资转向实体投资

获得负担得起的信贷能帮我发工资，但我其实并不真需要它。

Access to affordable credit helps me pay my employees, but I don't really need it.

通货膨胀快把我压垮了。

Inflation is killing me.

可谁在乎呢？

But who cares?

大型零售商正创下前所未有的利润。

Big retailers are making record profits.

所以我们支持德宾-马歇尔信用卡法案。

That's why we support the Durbin Marshall credit card bill.

明白了吧？

See?

银行和信用合作社一直在帮助小企业发工资。

Banks and credit unions help small businesses make payroll.

这项法案会切断它们赖以生存的资源，同时让大型超市赚得更多。

This bill would cut the vital resources they need while increasing megastore profits.

他们值得，对吧？

They deserve it, don't they?

告诉国会，别让大企业抢走杜宾-马歇尔法案的资金。

Tell congress, stop the Durbin Marshall money grab for corporate megastores.

由电子支付联盟赞助。

Paid for by the Electronic Payments Coalition.

以下是周五，5月29日的T&B科技快讯。

Here's your afternoon T and B Tech Minute for Friday, May 29.

我是《华尔街日报》的朱莉·张。

I'm Julie Chang for The Wall Street Journal.

硅谷的风险投资公司正把资金从软件转向实体技术和材料，因为他们迫切需要能挺过AI洗牌的投资标的。

Venture capital firms in Silicon Valley are shifting investments from software to physical technologies and materials as they grow desperate for bets that can survive the AI reckoning.

过去专注像Snap和Uber这类公司的投资者，现在转而押注芯片、电力和制造等AI基础设施，以及自动驾驶机器人等实体AI领域。

Investors historically focused on firms like Snap and Uber are now targeting AI infrastructure like chips, power and manufacturing, as well as physical AI such as autonomous robotics.

根据PitchBook的数据，去年全球机器人和实体AI领域的风险投资总额达到260亿美元，而2019年仅为42亿美元。

According to PitchBook Data, venture capital investment in global robotics and physical AI grew to $26,000,000,000 last year, up from $4,200,000,000 in 2019.

截至5月20日，今年这些领域的公司已经筹集了超过230亿美元。

And this year, companies in those sectors have already raised more than $23,000,000,000 as of May 20.

中国车企比亚迪发布了一款自动驾驶芯片，并表示已进入大规模量产阶段。

Chinese automaker BYD unveiled an autonomous driving chip and said it has already entered mass production.

比亚迪称，未来三年计划投入约147.5亿美元用于智能技术研发。

BYD said it aims to invest roughly $14,750,000,000 in intelligent technology R and D over the next three years.

这一发布标志着比亚迪在中国汽车电动车市场增长放缓、行业利润受价格压力挤压的背景下，进一步展示其技术优势。

The launch marks the automaker's latest effort to showcase its edge in technology as growth in China's EV market slows and pricing pressure weighs on profitability across the sector.

包括蔚来、理想和小鹏在内的中国电动车企，也都在研发自己的自动驾驶芯片。

Chinese EV makers, including NIO, Li Auto and Xpeng, have also been developing their own autonomous driving chips.

最近几周股价一路飙升的太空公司，今天因蓝色起源火箭周四晚间的爆炸事件而下跌。

Finally, shares of space companies, which have been surging in recent weeks, fell today following Thursday night's Blue Origin rocket explosion.

正在太空中建设蜂窝宽带网络、并与蓝色起源有发射协议的AST Space Mobile，股价下跌超过14%。

Shares tied to AST Space Mobile, which is building a cellular broadband network in space and has a launch agreement with Blue Origin closed down over 14%.

在NASA资助下参与开发商业空间站的Voyager Technologies，股价也下跌了4%以上。

Voyager Technologies, which is helping develop a commercial space station with NASA funding, fell over 4%.

太空探索公司Intuitive Machines的股价也下跌了4%以上。

Shares of space exploration company Intuitive Machines also dropped more than 4%.

致力于与蓝色起源和SpaceX竞争的火箭实验室股价下跌了3%。

And Rocket Lab, which is working to compete with Blue Origin and SpaceX, dropped 3%.

以上就是今天的T and B科技简报。

And that's your T and B Tech Minutes.

下周一记得回来，获取另一期快速科技资讯。

Check back Monday for another quick tech update.

在找房子吗？

Searching for a home?

Realtor.com的‘真实通勤’工具，帮你找到离你需求最近的房源。

The Real Commute tool from realtor.com lets you find homes right where you need to be.

找一套离公司十分钟、学校十五分钟、奶奶家二十分钟的家。

Find a home ten minutes from work, fifteen from school, and twenty from grandma's.

每月新增超过五十万条房源，你只需几分钟，就能在Realtor.com上找到理想家园。

With over half a million new listings every month, you're just minutes from finding your perfect home on realtor.com.

信赖房地产专业人士最信赖的网站。

Trust the number one site real estate professionals trust.

立即前往.com搜索。

Search now on .com.

数据基于2024年7月至2025年6月平均新增的出售和租赁房源。

Based on average new for sale and rental listings July 2024 through June 2025.

排名第一的信赖度来自2025年8月对房地产专业人士的独家调查。

Number one trusted based on August 2025 proprietary survey among real estate professionals.