

E64: Chris Paik on the End of Software and the Future of AI Infrastructure
41 snips Nov 12, 2024
Chris Paik, a general partner at Pace Capital and co-founder of Thrive Capital, dives into the transformative impact of AI on venture capital. He discusses innovative investment strategies and the psychological barriers investors face in today's competitive landscape. The conversation explores the future of software development and the rise of local computation, highlighting the essential infrastructure required for AI workloads. Paik also illustrates AI model evolution, predicting a decade of groundbreaking advancements driven by these technologies.
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Venture Capital Growth
- Chris Paik expects more money to flow into venture capital due to technological advancements and longer private lifecycles for companies.
- Venture capitalists can inflate valuations by encouraging founders to take more money than needed, further increasing capital demands.
The End of Software
- Software's value lies in its utility, not its form, making it vulnerable to disruption.
- Distribution control becomes paramount when free, AI-driven software alternatives proliferate.
Apple's AI Advantage
- Apple is well-positioned to control AI distribution due to its hardware advantage for local inference.
- Local inference empowers free AI apps by eliminating cloud costs, unlike current subscription models.