

E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
439 snips Mar 3, 2023
Dive into the FOMO frenzy of AI investments, as the speakers analyze the rush and risks surrounding this booming sector. Hear the latest on macroeconomic trends like inflation and interest rates that challenge the investment landscape. Get insights on the high-stakes defamation lawsuit involving Fox News over false election fraud claims. Delve into the geopolitical implications of TikTok amidst U.S.-China relations. And enjoy thoughtful discussions on diversity in legacy admissions and the evolving narratives of Black history.
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AI Investment Frenzy
- Generative AI startups, not including OpenAI's investment from Microsoft, have raised over $11 billion.
- This signals a potential platform shift similar to the internet or mobile revolution.
AI Investing: Avoid FOMO
- Doug Leone advises against FOMO in AI investing.
- Be selective and strategic, avoiding the urge to invest in every AI company.
VC Pressure and Risk
- High risk-free rates (like 6.5% T-bills) pressure VCs to deploy capital.
- This leads to over-investment and correlated investments, potentially hurting returns.