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AI Agents, Mega Rounds, and 2026 Predictions | Equity Podcast

TechCrunch’s Equity crew is bringing 2025 to a close and getting ahead on the year to come with our annual predictions episode! Hosts Kirsten Korosec, Anthony Ha, and Rebecca Bellan were joined by Build Mode host Isabelle Johannessen to dissect the year’s biggest tech developments, from mega AI funding rounds that defied expectations to the…

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TechCrunch’s Equity crew is bringing 2025 to a close and getting ahead on the year to come with our annual predictions episode! Hosts Kirsten Korosec, Anthony Ha, and Rebecca Bellan were joined by Build Mode host Isabelle Johannessen 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.

Chapters:

00:00 – Introduction

01:43 – Rating our 2025 predictions

04:19 – Funding in the bubble era

06:35 – World models and the future of AI

09:05 – The year of AI agents (for real this time)

11:58 – Physical AI everywhere

15:19 – AI meets Hollywood

16:25 – Regulatory chaos and federal preemption

18:34 – The liquidity crisis and LP direct investing

22:19 – IPO predictions for 2026

23:57 – Startup trends for 2026

27:06 – Buzzwords we’re sick of hearing

28:15 – Rapid fire predictions

32:50 – What’s next for Build Mode

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

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1 Comment

1 Comment

  1. @mycitychannelstoken8221

    December 30, 2025 at 7:44 am

    The future is #AI and #Blockchain technology… You are the NFT. #ChannelsBiz

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Apply to Startup Battlefield: We are looking for early-stage companies that have an MVP. So nominate a founder (or yourself): techcrunch.com/apply. Be sure to say you heard about Startup Battlefield from the Build Mode podcast.
TechCrunch Disrupt: If you’re thinking about applying to Startup Battlefield, then October 13 to 15 in San Francisco, we’re back for TechCrunch Disrupt, where the Startup Battlefield 200 takes the stage. So if you want to cheer them on, or just network with 1000s of founders, VCs, and tech enthusiasts, then grab your tickets.

Use code buildmode15 for 15% off any ticket type.

New episodes of Build Mode drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

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04:45 Scaling the team quickly
06:10 The market crash hits
09:40 Handling layoffs with empathy
12:10 Supporting employees the right way
15:30 Why culture matters in crisis
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