Moonshot capitalism: AI rewrites the venture capital playbook
AI is reshaping how venture capitalists deploy billions—and reviving the long-shot bets that built Silicon Valley.
Why it matters
The venture capital industry's playbook is shifting in response to AI's emergence as a defining investment category. This affects how practitioners and their teams are funded, how capital flows to AI infrastructure vs. applications, and what risk profiles investors are now willing to take.
The key facts
4 to knowAI has triggered a renewal of high-risk, high-conviction venture investing
Long-shot bets on frontier capability and infrastructure are attracting capital again
VC strategy shifting away from late-stage efficiency plays toward earlier-stage moonshots
Published September 2026 — signals current state of AI funding landscape
Go to the source
Financial Times Technologyft.com
Publisher excerpt: Tech investors are rediscovering the kind of long-shot sci-fi bets that helped build Silicon Valley