The Future of AI Is in the Cloud

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Data is the oxygen or the fuel that runs AI. We're only 10% to 15% of the way into capturing all of this data, removing friction from this data. There are only five people who had worked on the kernel at Oracle. They've been working on an idea. And so for us, two people walking in off the street with an idea and a good product isn't enough. I need to know it's an end market that is really big, has a lot of tailwinds behind it.

This Week in Startups is presented by:

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OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at http://openphone.com/twist

Today’s show:

Jason and Brad speak with Mubadala Capital’s Head of Ventures, Ibrahim Ajami, at Hub71 in the UAE. The three discuss how startups can survive and thrive in an economic downturn (1:02) before diving into the sacrifices that founders must make to create an incredible product. (14:16) They also explain how the AI revolution will affect software, startups, capital allocators, and more! (40:36)

Follow Mubadala: https://twitter.com/MubadalaCapital

Follow Ibrahim: https://twitter.com/IbrahimAjami

Follow Hub71: https://twitter.com/hub71ad

Follow Brad: https://twitter.com/altcap

Time stamps:

(0:00) Nick kicks off the show

(1:02) Surviving the downturn

(12:46) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(14:16) Sacrificing to build a great product

(26:34)Trovata - Use code TWIST at https://trovata.io/twist for 30% off one year of premium features, like AI forecasting

(27:47) Brad’s letter to Mark Zuckerberg and AI creating ultra-efficient startups

(39:02) OpenPhone - Get 20% off your first six months at https://openphone.com/twist