Equity We're in the pruning phase of tech layoffs
Jul 14, 2023
A new Chinese AI model is stirring up competition in the tech world, with questions about regulatory impacts and innovation. There's an interesting twist where a founder now invests in other founders. AI could potentially create a more equitable venture landscape, says Connetic Ventures. On a positive note, tech layoffs are slowing down, while inflation may ease interest rate hikes that pressure tech valuations. Plus, a look at the social media rivalry landscape adds an intriguing layer to the discussion.
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China's AI Development
- China's tech community can build sophisticated AI models like Baichuan 13B.
- However, strict regulations may hinder their ability to compete with other countries due to restrictions on public launches and data access.
Ryan Peterson Joins Founders Fund
- Ryan Peterson, Flexport founder, transitioned from CEO to venture capitalist at Founders Fund.
- His prior angel investments and Founders Fund's existing relationship with Flexport make this move unsurprising.
AI in Venture Capital
- Kinetic Ventures uses AI software "Wendell" to screen founders, aiming to reduce bias.
- Their approach prioritizes entrepreneurial traits over traditional criteria like school or founder status.