Jason and Brad are on point in so many aspects. #opportunity #tech #business #founders #UAE #venturecapital #startupsįounders and investors, I highly recommend watching this episode of This Week in Startups. It's a really impressive model that other countries should follow. Which jumpstarts an entire tech ecosystem from scratch! This leads to FOUNDERS coming to the UAE to seek capital Lots of younger/newer VCs in UAE raising capital from local LPs This started a cycle that has turned the UAE into a burgeoning tech hub: long-term strategic planning + commitment to tech = success the government's goals are aligned with domestic LPs UAE LPs have a history in PE, so the transition to VC is smooth it's OPEN for business for new VC fund managers AND most still need to set aside capital to continue investing in top legacy VC funds aka they are already over-indexed into VC Right now, major US LPs are generally CLOSED for business In the clip below, the three of us discuss the unique opportunity for new fund managers in the UAE: We just published another amazing conversation between myself, Brad Gerstner, and Ibrahim Ajami. Google also offers a warning on all Bard answers.īut the newfound product velocity in AI has created an "infectious" environment, according to head of Bard Jack Krawczyk! It makes sure all products follow its major values:įor example, Google gives Bard users the option to "Google it" in the question box! ![]() Here's how Google keeps startup-like product velocity in AI while maintaining its reputation. Whereas startups like OpenAI and Anthropic can take larger risks because they have less reputation to maintain. It's a trillion-dollar company with SIX different products with 2B+ users and a major reputation to maintain. OpenAI's ChatGPT, Microsoft's Bing, Anthropic's Claude, and of course, Google's Bard have amassed hundreds of millions of active users.īut, these chatbots still have some trust issues, due to "hallucinations." LLM chat interfaces have taken the world by storm. #entrepreneurship #innovation #tech #ai #ceo #startups #founder #generativeai #jobs My mind goes to abundance via entrepreneurship. Some people immediately go to UBI, others think entrepreneurship is the answer. In the past, efficiency innovations in the workplace took a decade-plus to fully flesh out, like email replacing the mail room.īut, AI's impact on the demand destruction of jobs could happen in three years or less. he thinks this could cause a multi-decade window where society won’t be able to adapt according to Naveen, "the change in demand won't be as fast as the change in supply" employment supply and demand will get out of whack ![]() if AI makes MOST or ALL workers a lot more efficient. He believed tech + efficiency would make everything better.īut, the recent pace of innovation in AI has caused him to change his position slightly. ![]() Naveen used to be a full-on tech maximalist. I just had an amazing chat with MosaicML CEO Naveen Rao on This Week in Startups about the AI employment threat: Aside from a mass extinction event, the most serious immediate threat is mass unemployment due to rapid efficiency gains.
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