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The Gossip Economy (with Kyle Harrison)

Newcomer Podcast

CHAPTER

The Euphoria and Groupthink in VC

I think that AI fervor and like the dynamics of building AI companies is a match made in heaven for the capital agglomeration industrial complex, if you will. If you're trying to raise a lot of money and deploy it into things that eat a crap ton of money, AI is a pretty good place to do it. There's other ways to drive higher quality models than just can we add more parameters or whatever. But in this moment in time, we have companies that eat a ridiculous amount of capital and people who are too afraid of most things but very excited to deploy capital into this thing. I don't know that that is a good thing.

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