Two investors with backing from Mark Andresen, Chris Dix, and Dennis Crowley, among others,

join us right after this to talk about their new fund.

Hi, I'm Kwame Christian, CEO of the American Negotiation Institute, and I have a quick question for you.

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daily routine. Welcome to Big Technology podcast, a show for cool, had a nuanced conversation

of the tech world and beyond. We have a bonus show for you today. Yes, a bonus show. Two investors,

Brian McCullough and Chris Messina here with us today. They're starting a new AI fund, and I thought it would be a perfect opportunity to talk about

why you start a fund with AI right now.

Are there really moats?

Is there anything investable?

And for anyone thinking about what the next generation of startups are going to look like,

well, you're about to hear them.

Brian and Chris, welcome to the show.

Thanks. Thanks, Alex.

So the first question for you guys is, are you bananas? Because I've seen so much discussion on Twitter about people talking about how there are no moats for AI.

Very like prominent investors, Keith Rabei, Sam Lesson saying that they think that anybody investing in early stage

AI right now is relatively insane because the value is ultimately going to go to the big tech

companies, Amazon, Apple, Facebook, Google, Microsoft, and the chipmakers like Nvidia. So where exactly

...