a16z Podcast

2024 Big Ideas: Developer Influence, Maritime Upgrades, and New Video Intelligence

22 snips
Dec 22, 2023
Angela Strange discusses the rising influence of developers in financial services, driven by open banking. Grant Gregory highlights a new age of maritime exploration, revealing surprising facts about our oceans compared to Mars and the need for innovation. Kimberly Tan explores the transformative potential of computer vision and video intelligence, emphasizing advancements that could revolutionize various industries while tackling concerns over privacy and regulation. Together, they uncover how these developments will shape 2024 and beyond.
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INSIGHT

Developers as Buyers

  • Developers are becoming increasingly influential buyers in financial services.
  • This shift impacts how financial products are built and the services consumers receive.
ANECDOTE

Fintech as a Service

  • Procore added payments and bank accounts for their plumbers, highlighting the as-a-service trend.
  • Developers then stitch these services together, leading to open-source libraries and improved products.
INSIGHT

Generative AI's Impact

  • Generative AI is pushing financial institutions to modernize faster due to 10x improvements.
  • LLMs could potentially rewrite legacy code like COBOL, increasing efficiency and reducing reliance on outdated systems.
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