Asia Centric by Bloomberg Intelligence Investing in Startups During the Era of AI 2.0
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Jan 8, 2025 Esther Wong, founder of 3C AGI Partners and former managing director at SenseTime, dives into AI's transformative potential in venture capital. She explores why Asia is the ideal ground for AI innovation, highlighting investment opportunities in Southeast Asia, particularly Singapore. The conversation addresses sustainability challenges in AI and the geopolitical risks affecting investments, especially in China. Wong also shares her insights on future technologies, including the intriguing concept of data centers in space.
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Targeted Incubation in AI
- Traditional VCs "spread and pray," investing broadly and hoping for a few wins.
- Esther Wong's AI-focused VC fund favors targeted incubation, acting as a co-founder in specific sectors.
Four Layers of AI Investment
- Wong categorizes AI into four layers: data, infrastructure, operating system, and application.
- Her fund focuses on the bottom two (data and infrastructure) due to her experience with AI data centers.
Building an AI Data Center
- Wong's firm built one of Asia's largest AI data centers in Shanghai, a 5 exaflop facility.
- This data center was almost twice the size of Elon Musk's dojo at the time.