An astonishing majority of Americans claim that they hate their job and wish they could do something else. Often though, what might drive our passions is an unknown. How do we find the right path in life and how do we know we are on our way?Joining the Riskgaming podcast this week is Bill Gurley, a legendary venture capitalist who for more than two decades invested at Benchmark in such defining startups as Uber and Zillow. He’s just published a new book titled, “ Runnin' Down a Dream: How to Thr...
Feb 25, 2026•1 hr
I’m going to admit, sports betting isn’t really my thing. I don’t know my parlay from my parler (that’s a French joke), and I can barely keep three balls in the air at work, let alone track the balls across dozens of matches every weekend. But I’m an odd duck, since that is what Americans — and increasingly the world — do for entertainment. Nearly a majority of men in the United States have a sports betting account, and now the betting markets have opened to politics, culture and much more throu...
Jan 28, 2026•38 min
The world is overwhelmingly chaotic as the international system buckles. The practically placid era of cooperation that marked the 1990s and early 2000s is increasingly looking like a winner-takes-all competition among a handful of great powers, even as the world is succumbing to the opportunities of new technologies and the challenges of climate security. It all boggles, and that’s not even including all of the risks that don’t make it to the top of the charts. Lily Boland wants to help policym...
Jan 21, 2026•37 min
If you live in a city in North America or Europe, you almost certainly have had the experience of watching a construction site slowly morph into a building over the course of many years. You might ask, “why’s it taking so long” as you traipse through a dirty sidewalk shed, frustrations mounting. You are not wrong, since construction has flatlined on efficiency even as other industries find ever novel ways to maximize productivity.The search for efficiency and its disappearance is at the heart of...
Jan 14, 2026•35 min
Reindustrialization is the word du jour in American policymaking circles. The hope is that a reinvigorated manufacturing base will bring back middle-class jobs and ensure our strategic autonomy in what looks like a tough century ahead. It’s a towering task, and it will take many strategic decisions to undo the last several decades of deindustrialization.One person who has made it his mission to fix America is Charles Yang . He most recently served in the Biden administration at the Department of...
Jan 07, 2026•41 min
Well, 2025 is already running by with a massive whoosh sound. It goes without saying that every year feels like it is getting more chaotic, intense and yet exciting. There’s never been a better moment to go deep on risk, decision-making, complex scenario analysis and more, and that’s precisely what we did across 45 episodes of Riskgaming this year. We covered the gamut from espionage and defense to artificial intelligence to space technology, and a bunch of subjects in between.To highlight some ...
Dec 22, 2025•56 min
Software kind of sucks these days, doesn’t it? Cory Doctorow invented the word “enshittification” to describe a pattern he repeatedly observed across software platforms. They start generous and flexible, but over time, they increase their value capture to maximize profits at the expense of their users. Software ends up feeling over-optimized and hostile, constantly fighting our desires. But software ultimately is for us, and there must be a better way.Well, there is, at least in theory. A coalit...
Dec 17, 2025•38 min
The space race was once between the United States and the Soviet Union; now it’s between two tech billionaires trying to seize the mantle of most powerful space lord. For Elon Musk and Jeff Bezos, the development of SpaceX and Blue Origin respectively is the culmination of a lifetime commitment to technology growth and science fiction. It’s also increasingly a ferocious campaign, one that has turned them from experimental pioneers to aggressive businessmen hoping to seize the future of space’s G...
Dec 10, 2025•43 min
As we’ve crossed three years since OpenAI debuted ChatGPT in 2022, AI technologies have gone from a curiosity among academic scientists to one of the most popular products ever shipped. Billions of people now use AI for everything from sundry amusements to mission-critical applications, and it has started to diffuse into nearly every industry imaginable. But along with such power comes great responsibility, or at least, one would hope. Jacob Ward — the former editor of Popular Science, long-time...
Dec 03, 2025•48 min
Everyone loves a good Renaissance man or woman, but it’s hard to do it all with tenacity and verve. There’s also the constant balance between perfectionism and dilettantism — how long should you keep refining a project versus just bringing it to a close? For those of us prone to procrastination, even asking that question might prompt a delay.That’s why I am excited to bring my good friend Uri Bram on the podcast this week. He’s written a book on Bayes’ theory, has been a publisher of a very succ...
Nov 19, 2025•40 min
We hosted an epic one-day festival to human expression in New York City a few weeks ago called the Lux AI Summit, bringing together hundreds of founders, artists, engineers and visionaries who are redefining the future of media. Two of our speakers, Kirby Ferguson and Ale Matamala Ortiz joined us on the Riskgaming podcast to talk about the future of filmmaking in a generative AI world.Kirby is a filmmaker, and he’s most well-known for his work around remix culture in a documentary series titled ...
Nov 12, 2025•19 min
While relations between the United States and China have reached a detente in the past week after APEC, it’s the long-term decline of relations between the European Union and China that is worth a deeper look. Over the past two decades, Europe and China cooperated across science, technology and economic development, helping fuel China’s vast labs and manufacturing base that today is at the center of the West’s fears for its primacy in the world. Everything has changed, and so what can we learn f...
Nov 05, 2025•41 min
Last week, Lux convened about 300 AI engineers, scientists, researchers and founders in New York City to discuss the frontiers of the field under the banner of “the AI canvas.” The idea was to move the conversation away from what can be built, to what should be built and why. AI tools have made extraordinary progress since the launch of ChatGPT in late 2022, and we are still just figuring out all of the ways we can use these miraculous correlation machines.Even so, there remains prodigious work ...
Oct 29, 2025•18 min
Riskgaming is part of the broader movement known as wargaming, playful experiences designed to improve decision-making across domains like defense planning, business leadership and competitive analysis. It’s a burgeoning field, and it has now attracted its very own publication in the form of the Substack newsletter Wargaming Weekly. This week, I talk with the editor Rwizi Rweizooba Ainomugisha . He’s a wargaming fanatic based in Uganda, where he first started learning the gaming world in high sc...
Oct 22, 2025•40 min
In this episode, Danny Crichton and Laurence Pevsner do a special outdoor recording from Carmel, where they reflect on the successful launch of their latest game, Gray Matter, at multiple locations, including the Lux Leaders retreat. The hosts discuss the emergent gameplay that surprised them, from spontaneous character-driven debates to unexpected trading outcomes. They explore the game's core mechanics around information markets, attention economies, and strategic publication decisions—examini...
Oct 01, 2025•26 min
Wargaming (of which Riskgaming is but one example) has a long and global history, from Europe and Asia into the Americas. Yet, its utility is increasingly being recognized by business, military and political leaders as a more authentic way to understand the behavior of people across all kinds of contexts. Competition, incentives, risk and decision-making flow together in a way that traditional policy memos and consultant-written PPTs can’t compare. That’s part of the work that Pijus Krūminas is ...
Sep 24, 2025•44 min
One of the best parts of running a game studio and policy shop here at Riskgaming at Lux Capital is the actual public launch of a new game. That day is today, because we are dropping Southwest Silicon to the world. It’s a game that models the tensions between residents, farmers as well as old and new industries in the context of the rise of chip fabs in Arizona. Water security is one of the most challenging and complex issues facing the American Southwest, and through the lens of nine characters...
Sep 17, 2025•28 min
The launch of OpenAI’s GPT-5 has ushered in a panoply of views on the future of AGI and end-user applications. Does the platform’s aggressive router presage a future of lobotomized AI responses driven more by compute efficiency than quality? Will new chip models be able to make up the difference? And how will OpenAI, which recently hired Fidji Simo from Instacart to become CEO of Applications, expand its revenue beyond API calls and consumer subscriptions?These are huge questions which will rico...
Sep 10, 2025•44 min
It’s fun to play a game of superlatives with China. From the awe-inspiring and cyberpunk scale of the metro trains cruising through apartment blocks in Chongqing to the stupendous rate of its shipbuilding, housing construction and waterworks, China has shown that it can build like no other. That includes the just-announced Medog Hydropower Station, which at $167 billion would be one of the largest and most expensive construction projects ever seen. Behind all of this activity is a state organize...
Sep 03, 2025•1 hr 1 min
Few agencies have been more central to global affairs than the aptly-named Central Intelligence Agency. Often shrouded in mystique both cultivated and unasked for, the agency has been at the center of some of the most important foreign policy successes of the United States — such as the search for bin Laden — and also some of the country’s gravest errors, including the Iraq War WMD debacle. Yet, the agency faces profound pressure today on what its present and future mission should be in a world ...
Aug 27, 2025•38 min
Building great Riskgaming scenarios is far more of an art than science. The designer needs to understand the players — what they know and what they don’t — and then carefully construct a landscape of decisions that has fidelity to the real world while not being overwhelming. Parsimony is key, and that means a designer really has to grok the fundamentals of the issue under hand to be able to offer the best experience. That’s where Randy Lubin shines. Through his studio Leveraged Play , he has des...
Aug 20, 2025•46 min
By now, we’re all familiar with the crisis that has faced America’s chip manufacturing industry. Intel remains the last bastion of homegrown chips (if we exempt new developments from TSMC and Samsung). Yet, Intel’s stock has been bludgeoned, down more than 55% over the past five years as Nvidia skyrocketed about 1,475% in the same period. What would it take to rebuild America’s chip capacity? Do we have a chance to build our own TSMC? That’s the question that Kyle Harrison has been asking. He’s ...
Aug 13, 2025•49 min
There has been a massive influx of defense funding into Europe since Putin’s war on Ukraine started in early 2022. A sea change is underway, with Germany loosening its debt brake and countries from Poland and the United Kingdom to the Baltics all reseting their expectations for defense this century. But after several years, it’s time to take a retrospective look and ask, “What’s next?”To do that, host Danny Crichton talks with Eric Slesinger today. Eric is general partner of 201 Ventures , an ea...
Aug 07, 2025•44 min
Science feels under attack. The Trump administration has proposed budget cuts of up to one-third of all basic research funding, breaking a generations-long, bipartisan consensus that what is good for science is good for America. Even if not fully enacted by Congress, even the hint of cuts has already had an extraordinary effect on the perceptions of higher education and science leaders on America’s stability. Lux recently hosted a dinner with a group of these luminaries, and the general conclusi...
Jul 30, 2025•52 min
AI and education seem like a match made in heaven, and certainly, much work and dollars are being spent trying to bring the two together. As more and more people eschew reading and outsource deep thought to Deep Research though, do we still have a chance to build up our critical thinking skills? It’s an open question, and one that host Danny Crichton has been exploring this summer. In this episode, he narrates excerpts on the concepts of the psychology of decision making, risk-taking and dopamin...
Jul 24, 2025•21 min
Our guest today, Mike Sexton , believes that the AI singularity has arrived, and somehow, it ended up “on page C3 in the newspaper.” What he’s getting at is that the tools we have at our fingertips today like ChatGPT, NotebookLM and others are already so diversely capable, we have reached a point of no return when it comes to future societal change. We need to get ahead of those changes, embrace them, and offer new paths for everyone to take advantage of these tools. Mike serves as the Senior Po...
Jul 16, 2025•35 min
Over the past few decades, an astonishing pattern has taken place: Americans no longer migrate. From a peak of roughly one third of the country moving cities in a single year, today, migration rates have declined and are now in line with the Old Continent of Europe. The dynamism of the American economy was predicated on all kinds of people seeking out work and building families, but now that mobility is gone — and we need to find out why. Yoni Appelbaum, a senior editor at The Atlantic, just pub...
Jul 09, 2025•48 min
Estonia is a nation of 1.3 million people, situated in a dangerous neighborhood on the Baltic Sea. It gained its independence early in the 20th century, only for the Soviets to take the country by force. Estonia gained its independence again in 1991, and has since become one of the most digital-native countries in the world. How did a nation with a feared secret police become so open to the government digitizing data on every one of its citizens? And why did other former Soviet Republics not fol...
Jun 27, 2025•36 min
Abundance has become the word of the year in politics, led by Ezra Klein and Derek Thompson’s book and a slew of articles and podcasts trailing in its wake. Everyone loves growth and prosperity of course, but what ultimately matters in local politics is organizing. To build the future in America’s cities, you’ve got to secure petitions, representation and votes, and that’s the subject of today’s show. Joining host Danny Crichton and Riskgaming director of programming Laurence Pevsner are Ryder K...
Jun 20, 2025•48 min
It’s not every day that we get to fete the launch of a new book by one of our colleagues at Lux Capital, so today is a very special day. Lux’s scientist-in-residence, Sam Arbesman , just published his new book, “The Magic of Code: How Digital Language Created and Connects Our World―and Shapes Our Future.” It’s a deep dive into the wonderful conjuring that comes from coding computers, and Sam explores programming languages, spreadsheets, and how code bends reality all in a taut narrative. At its ...
Jun 10, 2025•42 min
