Bankless Investing in AI, Crypto, & Tech in 2025 | Elad Gil
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Dec 16, 2024 
Elad Gil, a legendary Silicon Valley investor known for backing unicorns like Airbnb and Stripe, dives into the future of AI and crypto. He discusses the evolution of AI technology, emphasizing recent shifts towards generative AI and its implications for various industries. Elad explores the convergence of AI and cryptocurrency, highlighting the potential for decentralized AI systems. He expresses optimism about tech investments in light of new political dynamics, examining the competitive landscape and future use cases emerging in these rapidly evolving sectors.
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Underhyped AI
- AI's potential is underhyped, even while being hyped, because it represents selling units of cognition.
- This differs from traditional machine learning, which focuses on statistical correlations, not understanding or manipulation of information.
AI as Labor
- AI systems essentially sell cognitive units or labor, augmenting or replacing human tasks like customer support or coding.
- In the physical world, this translates to selling units of robotic time or labor, though physical applications are further in the future.
Klarna and AI
- Klarna replaced 700 customer support staff with an AI system built on OpenAI, improving efficiency and satisfaction.
- This resulted in higher net promoter scores, reduced repeat queries, 24/7 multilingual availability, and faster resolution times.