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Equity

Are AI companies just defense tech now?

Dec 20, 2024
Max Zeff, a TechCrunch reporter focusing on venture capital and AI, joins the hosts to unveil the intriguing intersection of AI and defense tech. They discuss the launch of Humba Ventures' $40 million fund dedicated to deep tech and defense, and how enterprise AI company Cohere is carving a unique niche. Additionally, they ponder the wisdom of IPOs in an election year and the increasing caution founders might need with investors tied to foreign entities. The conversation reveals the complexities reshaping the investment landscape.
31:19

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The intersection of AI and defense tech is evident through Cohere's partnership with Palantir, highlighting AI firms' evolving approaches towards military applications.
  • Investors are increasingly wary of foreign backing, leading to a movement among venture capital firms to avoid ties to adversarial nations.

Deep dives

SoftBank's Massive Investment Announcement

SoftBank's CEO announced a staggering $100 billion investment aimed at creating 100,000 jobs in the U.S., a move reminiscent of a previous $50 billion commitment during Trump's first term. However, the exact metrics of this job creation remain unclear, raising questions about how such claims are substantiated. The conversation highlights skepticism about the effectiveness of these funding promises, particularly given past experiences with large investments. It suggests that reporters should commit to following up on these claims to ascertain their actual impact over time.

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