The Automation Endgame, VCs Returning Cash, and the OpenAI Wager | E2019
This Week in Startups
Automation and the Future of Work
This chapter delves into the impacts of automation and AI on the job market, particularly addressing job displacement and the need for adaptation in the workforce. It also examines societal changes arising from these technological advancements, including shifts in family structures, work arrangements, and living costs.
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Todays show:
Alex Wilhelm joins Jason to discuss the ongoing ILA strike and impact (2:34), Startup opportunities in port automation (39:49), CRV's $275M return to investors (55:33), OpenAI closing its $6.6 billion mega-round (1:12:07), and more!
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Timestamps:
(0:00) Jason and Alex kick off the show
(2:34) The ILA strike overview and impact
(4:59) Technology and efficiency in global ports
(10:10) Notion - Try it for free today at https://notion.com/twist
(11:43) Labor, supply chain fragility, and union perspectives
(20:12) Future of port automation and union demands
(27:07) Fidelity Private Shares℠ - Visit https://www.fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(28:27) Societal impacts of potential future labor changes
(38:07) Kyte - Download the Kyte app or book online at https://www.kyte.com and use code JASON to save 10% on your first rental.
(39:38) Startup opportunities in port automation and technology resistance
(45:13) Innovations in port tech
(50:11) Broader impact of automation on employment
(55:39) CRV's $275M return to investors
(1:00:06) Focusing on core strengths in venture capital
(1:02:16) Current market conditions and lack of late-stage IPOs
(1:08:26) Essential skills for venture capital investing and variability in VC fund performance
(1:12:07) OpenAI closing its $6.6 billion mega-round
(1:18:27) Audience Q&A
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Mentioned on the show:
https://www.gao.gov/assets/d24106498.pdf
https://ilaunion.org/ila-halts-negotiations-with-usmx-amid-automation-disputes/
https://www.cbsnews.com/news/how-much-do-dock-workers-make-longshoreman-salary/
https://www.nytimes.com/2024/10/02/technology/crv-vc-fund-returning-money.html
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Follow Alex:
LinkedIn: https://www.linkedin.com/in/alexwilhelm
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
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(38:07) Kyte - Download the Kyte app or book online at https://www.kyte.com and use code JASON to save 10% on your first rental.
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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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