We're bringing you a special TechCrunch podcast crossover episode. Isabelle joins Equity Hosts Kirsten Korosec, Anthony Ha, and Rebecca Bellan 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

Chapters:

00:00 Intro - TechCrunch Build Mode & Equity Crossover Episode

00:27 Meet the Hosts - Predictions Episode Introduction

02:49 Reviewing 2024 Predictions - The Mega Funding Rounds

05:40 AI Startup Funding Challenges and Alternative Capital Sources

08:05 2026 AI Predictions - World Models and the Next Evolution

12:41 Physical AI - The Intersection of Robotics and Intelligence

14:07 AI in Media and Content Creation

18:48 Netflix-Warner Brothers Deal and FTC Predictions

21:09 The LP Direct Investment Trend

23:26 IPOs and Deep Tech Capital Challenges

25:49 Startup Battlefield Trends - Verticalized AI Across Industries

28:08 Rapid Fire Predictions - Fashion, Self-Driving Cars, and More

30:25 The Dumb Phone Comeback and Foldable iPhones

32:51 Build Mode Season 2 Preview - People and Team Building

New episodes of Build Mode drop every Thursday. Isabelle Johannessen is our host. Build Mode is produced and edited by Maggie Nye. Audience Development is led by Morgan Little. And a special thanks to the Foundry and Cheddar video teams.

2026 predictions from LP-lead investments to IPO mania: Equity crossover