Onward, a Fundrise Production

28: Investing in AI, with Tomasz Tunguz

15 snips
Oct 18, 2023
Tomasz Tunguz, Theory Ventures General Partner, discusses the reality of AI's potential and the role of tech incumbents. The conversation dives into structured vs. unstructured data, infrastructure to software development in AI, and economic analysis. They explore different types of AI models and the significance of data in investing. Lessons from 15 years of venture investing are also shared.
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ANECDOTE

AI in Restaurant Distribution

  • A startup uses AI to analyze restaurant menus and offer discounts to distributors on ingredients.
  • This combines crawling, recipe analysis, and call listening models for efficiency.
ADVICE

Evaluating AI's Value

  • Focus on the value proposition of AI software: time saved or money earned.
  • Don't get caught up in hype; evaluate if it truly benefits a business.
INSIGHT

AI Investment Strategies

  • Investing in AI infrastructure is challenging due to limited acquirers and government scrutiny.
  • Application layer offers more opportunities with diverse use cases across industries.
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