Episode #49: Making Money on AI, Consumer Deserves Attention from Investors, Nvidia Invests in OpenAI

We explore Jerry Neumann's "AI Will Not Make You Rich," which argues that transformative technologies like AI may not deliver lasting competitive advantages, using economist Carlota Perez's tech wave framework to examine whether we're in the "frenzy" or "irruption" stage of AI development. Next, we dive into the curious disconnect in consumer tech markets, where VC funding has dropped from 15% to 5% of venture dollars despite consumer companies significantly outperforming the Nasdaq-100. Charles discusses why Precursor remains bullish on out-of-favor sectors and whether AI-powered personalization could revive investor interest in consumer tech. Finally, we examine Nvidia's $100 billion investment in OpenAI and what this reveals about the interconnected web between chip makers, data centers, and AI companies.

AI Will Not Make You Rich Consumer Businesses Are Stronger than Ever… Where Are the Investors? Nvidia to Invest $100 Billion in OpenAI

(0:00) Introduction and frenzy stage in tech investment (0:48) AI and tech waves (2:02) AI's potential value capture and software pricing impact (5:21) Consumer tech investments and why VCs stay away (10:09) AI-driven personalization in consumer tech and NVIDIA's investment in OpenAI (15:22) Tech giants' relationships and AI infrastructure's future