Closing Bell Closing Bell: The Next Wave of AI 6/10/25
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Jun 10, 2025 
Anjney Midha, a General Partner at Andreessen Horowitz and angel investor in Anthropic, teams up with Matt Garman, CEO of AWS, to dive into the future of AI. They discuss the shift from foundational models to real-world applications, revealing emerging investment opportunities. The pair sheds light on the democratization of innovation, highlighting how AI empowers startups and disrupts traditional funding routes. They also explore AWS's ambitious AI and cloud strategies, showcasing how AI is transforming various sectors, including small businesses.
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Shift From Models to AI Apps
- AI innovation has shifted from building models to creating business applications that scale.
- Startups are excelling by enabling AI-first coding and video generation, disrupting incumbents despite their smaller size.
Tough Anthropic Fundraising Journey
- Anjney Midha shares his experience of raising $500 million for Anthropic, facing 21 rejections before success.
- This highlighted a venture industry reluctance for big bold bets outside traditional SaaS models.
AI Capabilities vs Efficiency Frontier
- AI progress divides into "capabilities frontier" driven by pioneering teams and "efficiency frontier" favored by enterprises needing cost-effective, customizable solutions.
- Open source models like Mistral lead the efficiency frontier, while Anthropic and OpenAI pioneer capabilities.