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Capital as Production Capacity: Where Did the Money of America's Top 100 VCs and CVCs Go in the First Three Quarters of 2026?
In 2026, the nature of American venture capital money changed: from a vote to a means of production that directly buys compute, electricity, and defense contracts. Three quarters, three kinds of money—labs, exits, and production capacity took turns in the relay. Twenty-seven billion-dollar financings pointed to data centers and GPUs; an AI chip company's valuation doubled in 26 days; CVCs took a record 87.9% of AI deals; and the moves of OpenAI, Anthropic, and SpaceX rippled across the whole landscape. The divergence between capital's frenzy and tightening interest rates reveals the production-capacity nature of AI financing and a massive market gap.Only 4 months after joining, Dawn Song's team reportedly parts ways with Meta, citing clashing work styles
Meta and Virtue AI have disbanded; UC Berkeley professor Dawn Song's team parted ways with Meta just four months after joining due to clashing work styles, marking a shift in their AI safety collaboration.The "Nannies" of Data Centers: Starting at $66,000 a Year, Walking 30,000 Steps a Day to Guard AI Computing Power
From fiber splicing to cooling systems, a look at the high pay and challenges of the behind-the-scenes "nannies" of the AI era. Industry expansion is triggering a talent shortage and community controversy, as silent engineers keep the digital world running without downtime.Dr. Xiao Feng's Full Speech: Asset Tokenization and 24/7 Trading — Blockchain Rebuilds the Global Financial Market
Dr. Xiao Feng delivered a speech at the 12th Global Blockchain Summit, explaining how asset tokenization and 24/7 trading are rebuilding the global financial market, and exploring the impact of the U.S. tokenization trend on global financial centers.
