重组AI游戏部门？腾讯相关人士回应称系误读；机构：全球主要云端服务供应商资本支出将大涨｜数智早参

每日经济新闻08-26 07:01

丨 2026年8月26日星期三丨　　NO.1机构：全球主要云端服务供应商资本支出将大涨　　根据TrendForce集邦咨询最新存储器产业研究，全球主要云端服务供应商（CSP）为加速建设AI（人工智能）基础设施，资本支出预估于2026年将年增98%，2027年再成长50%。大幅成长的原因，部分可归因于存储器合约价剧增、采购需求的强劲成长。TrendForce集邦咨询预估，DRAM（动态随机存取存储器...

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Relevant people in Tencent responded that it was a misreading; Institution: Capital expenditure of major global cloud service providers will soar | Digital Intelligence Morning Ginseng","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/0de863d33c761c5215328eda6e26995e","symbols_score_info":{"89988":0.6,"00700":1.93,"CXSE":0.6,"HBBD.SI":0.6,"TCHmain":0.6,"XSOE":0.6,"FDNI":0.6,"TCEHY":1.93,"JADE":0.6,"GAMR":0.6,"SOCL":0.6,"JEMA":0.6,"KWEB":0.6,"ESPO":0.6,"TCHI":0.6,"EMCS":0.6,"LDEM":0.6,"AAXJ":0.6,"BKF":0.6,"EMC":0.6,"FFEM":0.6,"09988":1.86,"EEMX":0.6,"BIDD":0.6,"ALBmain":0.6,"HTCD.SI":0.6,"ODDS":0.6,"BABA":1.86},"content_text":"丨 2026年8月26日星期三丨　　NO.1机构：全球主要云端服务供应商资本支出将大涨　　根据TrendForce集邦咨询最新存储器产业研究，全球主要云端服务供应商（CSP）为加速建设AI（人工智能）基础设施，资本支出预估于2026年将年增98%，2027年再成长50%。大幅成长的原因，部分可归因于存储器合约价剧增、采购需求的强劲成长。TrendForce集邦咨询预估，DRAM（动态随机存取存储器）、NAND Flash（闪存）合计在CSP资本支出的占比，将从2026年的47%进一步扩张至2027年的68%。　　点评：全球云服务商AI基建投资近乎“失控式”增长，意味着存储芯片正以“通胀级”速度鲸吞CSP预算。这一趋势背后，是HBM（高带宽存储器）、DDR5（第五代双倍数据率同步动态随机存取存储器）等高价存储器价格大涨与AI服务器单机存储价值量倍增的叠加效应。对存储原厂，这是营收与利润的超级周期；对CSP是成本结构的高度脆弱化，近七成资本支出被存储锁定，留给CPU（中央处理器）、GPU（图形处理器）、网络设备的空间将被压缩。若未来存储器价格松动或AI投资回报不及预期，这种失衡的支出结构可能引发剧烈调整。总体看，存储芯片已成为AI基建的“算力税”，但税基过大也意味着风险积累的速度在加快。　　NO.2重组AI游戏部门？腾讯相关人士回应　　近日，有消息称，IEG正在重组AI游戏部门，将IEG CROS（腾讯游戏技术中台）旗下的ARC Lab与游戏AI引擎部整合，并规划扩大400至500人。针对腾讯互动娱乐事业群（IEG）重组AI游戏部门一事，腾讯相关人士称，该报道内容存在大量失实，所谓“成立新部门”系误读。上述相关人士还表示，游戏技术公线本就设有游戏AI引擎部，长期对外招募AI专业人才。该部门聚焦游戏研运管线的AI提效与玩法创新，旨在为游戏项目提供可复用的技术能力和解决方案。　　点评：澄清虽及时，但也透露了一个事实：腾讯游戏AI团队始终在招募扩张，聚焦研运提效与玩法创新。即便部门重组系误读，AI对游戏全链条的渗透已不可逆，从自动化测试、智能NPC（非玩家角色）到内容生成，腾讯正将AI能力沉淀为可复用的技术平台，而非孤立的项目组。或许“重组”传闻本身并不重要，重要的是腾讯对游戏AI的投入只会加码。　　NO.3马云出手增持已连日买入阿里港股超6亿港元　　据媒体报道，有消息人士透露，随着阿里发起配售融资，阿里巴巴创始人马云连日增持阿里港股，总额已超6亿港元，表达对阿里AI前景的坚定看好。　　点评：创始人真金白银投入，是比任何财报数据都更具说服力的信心投票。此番增持与阿里“800亿港元全押AI”的战略形成内外呼应，公司层面大规模融资锚定AI基建，创始人层面则以自有资金同步加仓。在港股市场因配售承压的背景下，此举释放了强烈的价值信号：管理层认为当前股价被低估，AI战略的长期回报足以覆盖短期摊薄。更重要的是，这延续了互联网行业创始人“用脚投票”的趋势，在AI重塑估值逻辑的关键节点，核心人物的仓位动向正成为市场判断公司质地的重要标尺。（文章来源：每日经济新闻）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2662376899","isCrawlerRequest":true}