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# 182 - Alexa 2.0, MiniMax, Surskever raises $1B, SB 1047 approved
Last Week in AI
Risk Capital: Precision in Uncertainty
Engaging in risk capital involves significant financial stakes without guaranteed positive outcomes, exemplified by TSMC's challenges in establishing fabrication plants in North America amid geopolitical concerns. Historical lessons from Intel illustrate the difficulty in replicating successful fabrication processes due to their complex, unpredictable nature, where every detail may affect performance. The ambition of firms like OpenAI to consider building dedicated fabs underscores the extreme challenges and uncertainties within the semiconductor industry. Ultimately, the intricacies of manufacturing highlight the inherent unpredictability of investments in technology and the need for cautious approaches amid vast uncertainties.
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