Odd Lots Josh Wolfe on Where Investors Will Make Money in AI
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Jul 17, 2023 
In this discussion, Josh Wolfe, co-founder of Lux Capital, shares his expert insights on investing in the AI frenzy. He delves into the shifting dynamics of AI development, analyzing the battle between established giants and innovative startups. Josh highlights the importance of unique datasets and computing power in identifying potential winners. He also discusses how the transition to open-source models might democratize AI innovation, ultimately reshaping the investment landscape and opening new opportunities for disruptors.
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Video Games and AI
- Josh Wolfe saw engineers playing video games at Zoox, a self-driving car company Lux Capital invested in.
- They were training cars in simulation, using NVIDIA chips not yet on the market, which sparked Lux's interest in AI.
Magic of AI
- The current AI boom is driven by a sense of magic and conjuring, similar to video games.
- What parents label as "brain rot" (video games) often predicts the next big industry.
NVIDIA's Vulnerability
- NVIDIA currently leads in AI hardware but is vulnerable because of its CUDA language.
- Open-source languages like PyTorch (Meta) and Triton (OpenAI) enable hardware agnosticism, threatening NVIDIA's dominance.