2023 Big Ideas in Technology (Part 2)

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.4 • 1.1K Ratings

🗓️ 27 January 2023

⏱️ 69 minutes

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Summary

At the end of 2022, our team at a16z asked dozens of partners across the firm to spotlight one big idea that startups in their fields could tackle in 2023. Emerging from this exercise came 40+ builder-worthy pursuits for the year, ranging from entertainment franchise games to precision delivery of medicine to small modular reactors, and of course loads of AI applications. In our 2-part series, we’ll be covering 12 of these big ideas with the partners that shared them. Here in part 2, we’ll cover Fintech, American Dynamism, and Bio & Health. Listen in as we chat with Anish Acharya, Angela Strange, Michelle Volz, Ryan McEntush, Vijay Pande, and Julie Yoo. And for the full list of 40+ ideas, check out the full article: https://a16z.com/2022/12/15/big-ideas-in-tech-2023/ Topics Covered: (0:59) GPT Unlocks Credit Counseling - Anish Acharya (9:53) Compliance as a Competitive Advantage - Angela Strange (23:31) Small Modular Reactors Advance the Nuclear Renaissance - Michelle Volz (33:48) Overhauling the Space Supply Chain - Ryan McEntush (44:40) The Biggest Company in the World - Vijay Pande (51:17) The Value-Based Care Stack - Julie Yoo

Transcript

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0:00.0	In today's part two of Big Ideas for 2023, we've got Big Ideas spanning FinTech, American
0:06.4	Dynamism, and Bion Health, featuring the voices of E.J. Ponde, Julie U.
0:10.8	Angela Strange, Anishutaria, Ryan Meckintush, and Michelle Fools.
0:15.7	If you miss Part 1, we cover Consumer AI Enterprise and Games.
0:19.6	Let's get to it. As a reminder, the content here is for informational purposes only, should not be taken as
0:29.2	legal, business, tax, or investment advice or be used to evaluate any investment or security and is not directed at any
0:35.4	investors or potential investors in any A16S fund. For more details please see A16S.com
0:41.3	slash disclosures. carrying over some of the themes are on AI from part one, let's start with Anish.
0:58.8	Hi everyone, I'm Anish from Andresen Horowitz, I'm a GP on the FinTech team and my big
1:04.7	prediction is around GPT applied to credit counseling and that it's going to really
1:09.4	unlock credit counseling at scale. So here's the idea.
1:12.8	Open AI, makers of chat, GPT, has created this amazing new technology that you've all seen
1:18.1	all over Twitter that's doing all these remarkable things.
1:20.7	And you know, one of the things that's been under-discussed is its ability to drive
1:25.8	new product cycles in FinTech and financial services. The one that I've been thinking about
1:30.3	based on my own experience has been how it can improve credit coaching, credit
1:35.0	counseling and advice and the reason for this is that the technology
1:39.7	sort of unlocks a labor supply at 10X a lower cost than humans. of costs with high fees, high prices, or providing meat gem to financial products which weren't that
1:57.7	awesome for consumers.
1:59.6	We now actually have a technology that can make it possible for companies to offer the same quality of service
2:05.0	without monetizing them in that way.
2:07.5	And really the problem that's being solved here is that credit counseling and coaching is something that is a moderately complex sort of expert system that no
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