Models have made investment analysis abundant. What stays scarce is trust. Drawing on our own trading experiments, we map ten hard problems in agentic investing and where we think the value will accrue

Sort Express hit eight figures in revenue in year one. Tencent led the Series A. Circle Games has 28 people and three titles in market. The pace is striking. The product instincts behind it are not an accident.

Digital pack opening is becoming its own consumer format, and the winners will be defined by everything they build around the reveal

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.

If you follow the crypto space even remotely, you may have seen one particular topic come up a lot in recent months: the environment. Though cryptocurrencies are no strangers to ecological controversy, the sudden rise of NFTs and the attempt of a number of gaming publishers to implement them inside their properties have brought new grist to the mill of the cryptosceptic crowd.