The MAD Podcast with Matt Turck Superintelligence, Bubbles And Big Bets: AI Investing in 2024 | Matt Turck & Aman Kabeer, FirstMark
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Nov 8, 2024 Aman Kabeer, an investor at FirstMark Capital, shares his expertise on the booming AI market. He highlights OpenAI's record funding and massive investments from tech giants like Meta and Google. The duo debates whether we're in an AI bubble and discusses surging GPU demand that may lead to a nuclear energy revival. They also explore opportunities for startups in AI hardware and software, emphasizing the transformative impact of AI on business models and consumer applications. Kabeer brings a sharp insight on the evolving landscape of AI investing.
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2024: The Year of Big AI Bets
- The year 2024 sees unprecedented large-scale investments in AI, including OpenAI's record $6.6 billion round and $200 billion spent by tech giants on AI infrastructure.
- This reflects accelerating confidence and a rapid build-out of AI capabilities rather than a slowdown in the hype cycle.
AI Spurs Nuclear Power Revival
- AI’s massive computing demands drive renewed interest in nuclear power as a clean energy solution.
- Major tech companies like Microsoft and Google are investing in reviving nuclear plants to power AI infrastructure.
NVIDIA's Valuation Reflects Big Expectations
- NVIDIA's explosive revenue growth and high valuation reflect massive market expectations.
- Yet, its very high price-to-earnings ratio implies the company must triple its growth to meet typical market standards.