This Week in Startups

TWIST News: xAI's massive $6B raise, the startups building our drone future & TWIST500 | E1957

May 29, 2024
The podcast dives into xAI's groundbreaking $6 billion funding round, sparking debates about the future of AI and its industry impacts. It explores startups racing to innovate in the drone sector and delves into the ethical concerns surrounding robotic warfare. The conversation also highlights North Korean tech talent infiltrating American remote jobs, raising cybersecurity alarms. Amid these topics, the hosts introduce the TWIST500 initiative, aiming to shed light on promising startups and the evolving tech landscape.
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INSIGHT

xAI's Funding Strategy

  • xAI's $6B Series B is less about venture capital and more like an IPO.
  • This massive investment signals AI's potential to create the next trillion-dollar company.
INSIGHT

AI Model Depreciation

  • AI model depreciation is rapid, similar to older iPhone models.
  • The challenge for companies like xAI is to monetize models quickly before they become obsolete.
INSIGHT

Visionary TAM

  • Jason Calacanis introduces the concept of "visionary TAM," where the total addressable market for AI is nearly everyone on the planet.
  • This TAM is based on the assumption that internet access and AI usage will become ubiquitous.
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