Easier to build. Harder to sell. Why capital didn't save the AI hardware graveyard — and the five questions we ask before we back one.

Industrial policy is back. More than $190B committed globally to rebuild chip capacity, the largest coordinated intervention in advanced economies since Apollo. But policy doesn't create innovation — it creates seams. A look at where the interesting hardware companies actually get built, and why the scaling-capital gap is the more important problem.

How Value Is Being Redistributed Across the Sports Economy- For most of modern sports history, the answer to "who wins when sports wins?" was simple. Owners won. That structure is unwinding — downward to athletes, outward to fans, outward to leagues the media machine hasn't pointed at yet. And it's creating an infrastructure gap worth paying attention to.

World models — AI systems that simulate dynamic environments — have attracted over $10 billion in funding, almost entirely for robotics and enterprise. In this piece, BITKRAFT's Spencer Ma argues the consumer opportunity is real but misread: the first widely-used application will be a content creation tool, not a game.