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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INSIGHT

Tech Waves and Venture Capital

  • Venture capital thrives on technological shifts like mainframe to PC, internet to mobile, and cloud to AI.
  • These waves create opportunities for startups because established companies struggle to adapt.
INSIGHT

Tech Adoption Phases

  • Technological adoption has two phases: infrastructure and commercialization.
  • Initially, focus on bundled solutions showcasing value, then unbundle as user understanding grows.
INSIGHT

AI Infrastructure vs. Application

  • AI infrastructure focuses on chips and platforms for developers.
  • AI application layer builds software utilizing this infrastructure, like using unstructured data.
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