The project marks at least the second time Winkelmann has become the art world's main character.

The eye-popping figure reflects how routine mega-valuations have become in private markets.

"You could really, in a very fundamental sense, talk about redrawing the border around a brain," Hodak says, "possibly to include four hemispheres, or a device, or a whole group of people."

You can imagine how this is all going over in Silicon Valley, where the libertarian ethos runs deep.

His replacement is Amar Subramanya, a highly regarded Microsoft executive who spent 16 years at Google, most recently leading engineering for the Gemini Assistant. It's a savvy hire, given that Subramanya knows the competition intimately.

"I pinch myself going to work every day," one 51-year-old says of his new supervisor role overseeing 200 workers at a data center site.

CEO Will Bruey says people often get Varda wrong. The company isn't "in the space industry; we're in-space industry," he said. Space is "just another place to ship to."

As women's sports enters what feels like a sustained boom period -- the Golden State Valkyries just played their first WNBA next season, the NWSL is expanding, media rights deals are growing -- Nortman remains cautiously optimistic about whether this moment will prove different from past surges in interest.

Defense tech startup Anduril Industries has faced numerous setbacks during testing of its autonomous weapons systems, according to new reporting by the WSJ.

Is Burry the canary in the coal mine, warning of a collapse that's inevitable? Or could his fame, his track record, his now unrestricted voice, and a fast-growing audience trigger the very implosion he's predicting?

On Wednesday evening at Playground Global in Palo Alto, some very smart people who are building things you don't understand yet will explain what's coming. This is the final StrictlyVC event of 2025, and truly, the lineup is ridiculous.

Major insurers including AIG, Great American, and WR Berkley are asking U.S. regulators for permission to exclude AI-related liabilities from corporate policies. One underwriter describes the AI models’ outputs to the FT as "too much of a black box."

Young's age and background – things that might seem like disadvantages when it comes to more established industries – have become his secret weapons. When he walks into a room of executives twice or three times his age, he says, there's initial skepticism. "Who the hell is this young guy and how does he know what he's talking about?"

Daver is full of lessons for founders. Among them: "You have to repeat yourself all the time, and you have to say the same thing."

Venture funds have longer timelines than anyone planned for, compelling LPs to rip up and rebuild their allocation models.