Researchers are walking away from OpenAI and Anthropic, calling the race to build self-improving superintelligence irresponsible — a warning that the technology could become an uncontrollable risk to humanity. Yet Silicon Valley’s money keeps pouring into AI, with Physical AI standing out as the area gaining the most momentum right now.

In this fireside chat, renowned angel investor Jason Calacanis — who has spotted numerous unicorns — joins us for an unfiltered conversation on how he, as an investor, weighs the warnings researchers are raising, and why capital is rushing into Physical AI specifically. From there, the conversation turns to where Japan’s startup ecosystem stands amid this global shift. Forty-five minutes of straight talk from a top angel investor on where Deeptech and AI stand today — and where they’re headed.