内容来源：https://techcrunch.com/podcast/equitys-2026-predictions-ai-agents-blockbuster-ipos-and-the-future-of-vc/

内容总结：

科技媒体TechCrunch旗下播客节目《Equity》近日发布年度预测特辑，主持团队与特邀嘉宾共同回顾2025年关键技术趋势，并对2026年行业动向展开前瞻。

节目指出，2025年人工智能领域呈现两大特征：一方面，超大规模融资逆势增长，“实体AI”应用加速落地；另一方面，此前备受期待的AI智能体尚未达到市场预期，好莱坞等行业对AI生成内容的抵制情绪日益显著，风险投资机构则普遍面临流动性压力。

展望2026年，节目团队提出多项关键预测：世界模型有望成为下一代AI技术核心；AI初创企业将逐渐摒弃“隐形模式”，转向多元化融资渠道；全球AI监管政策可能陷入混沌状态；OpenAI与Anthropic等头部企业或启动IPO进程。节目同时预测，消费电子领域可能出现“复古功能机”回潮，而“AI原生”概念将成为企业普遍标榜的方向。

该节目第二季将聚焦创业团队组建、人才招募及合伙人匹配等深度议题。听众可通过各大主流音频平台及社交媒体关注节目更新。

中文翻译：

TechCrunch旗下播客栏目《Equity》团队推出年度预测特辑，既为2025年收官，也为来年提前布局！主持人克尔斯滕·科罗塞克、安东尼·哈与丽贝卡·贝兰特邀《Build Mode》主持人伊莎贝尔·约翰内森共同剖析年度科技大事件——从超越预期的巨额AI融资浪潮到"实体AI"的崛起，并对2026年展开前瞻预测。

讨论议题涵盖多重维度：为何AI智能体在2025年未达预期（却可能在2026年突破）、好莱坞将如何反击AI生成内容、风险投资机构为何陷入严峻的流动性危机。

本期完整内容将为您解读：

• 世界模型为何将成为AI新浪潮，其与大型语言模型的本质差异
• AI初创企业"隐身模式"的终结与替代性融资渠道的兴起
• 对AI政策监管乱局的预测，及特朗普最新行政令对初创企业的影响
• IPO热点前瞻：OpenAI与Anthropic是否真会在2026年上市？
• 快节奏预测集锦：乔尼·艾维与萨姆·奥特曼必然公开决裂、功能手机复兴浪潮、全民自称"AI原生"现象
• 《Build Mode》第二季前瞻：团队构建、人才招募与联合创始人寻访深度解析

欢迎通过YouTube、Apple播客、Overcast、Spotify等平台订阅《Equity》播客，也可在X与Threads平台关注@EquityPod获取最新动态。

英文来源：

TechCrunch’s Equity crew is bringing 2025 to a close and getting ahead on the year to come with our annual predictions episode! Hosts Kirsten Korosec, Anthony Ha, and Rebecca Bellan were joined by Build Mode host Isabelle Johannessen to dissect the year’s biggest tech developments, from mega AI funding rounds that defied expectations to the rise of “physical AI,” and make their calls for 2026.
The group tackled everything from why AI agents didn’t live up to the hype in 2025 (but probably will in 2026), to how Hollywood will push back against AI-generated content, to why VCs are facing a serious liquidity crisis.
Listen to the full episode to hear:

• Why world models are the next big thing in AI and how they’re different from large language models
• The death of “stealth mode” for AI startups and the rise of alternative funding sources
• Predictions on regulatory chaos around AI policy and what Trump’s recent executive order means for startups
• Hot takes on IPOs: Will OpenAI and Anthropic actually go public in 2026?
• Rapid-fire predictions including Johnny Ive and Sam Altman’s inevitable public breakup, the return of dumb phones, and why everyone will be calling themselves “AI native”
• What’s coming in Build Mode season 2: A deep dive into team building, hiring, and finding co-founders
  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.