The Game Developers Conference 2026 brought more than 20,000 developers, publishers, investors, and platform stakeholders to San Francisco this year. The energy was still there, but it felt more measured than in past years. There is real momentum across the industry, particularly as new tools expand what teams can build. As is generally the case, many things are converging at once. AI is accelerating development. Teams are getting leaner. Capital is still available, but more selective. 1.