Josh Wolfe on Where Investors Will Make Money in AI

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 17 July 2023

⏱️ 63 minutes

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Summary

We're in the midst of an AI mania of sorts. In public markets, investors are placing bets on the companies perceived as being the winners of this new wave of computing. Companies that aren't even in "tech" are touting their AI bonafides. And of course, in private markets, every venture capitalist suddenly seems to be pivoting to AI in some way or another. But who will actually win? Will it be the big incumbents? Can those incumbents be disrupted? Will it be the companies who have access to unique datasets? Or will it be whoever has the most computing power? On this episode, we speak with Josh Wolfe, co-founder of Lux Capital, who has been investing in the space for several years, long before it was trendy. He talks about where he's placing his bets and how he's thinking about identifying winners.

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1:22.3	I think that's accurate.
1:29.7	Well, it's interesting because you kind of see it from two different sides at the moment.
1:33.7	So there are a lot of companies that are talking about investing internally in AI technology and then there are a lot of investors talking about investing in AI in one way or another.
1:46.4	I mean, needless to say, you know, you like throw a dart at nest X stocks and they're talking about, you know, the way AI incorporated.
1:53.3	It's also funny because like you like read the the earnings transcript of like a grocery store.
1:58.3	Yes, and the CTO will be talking about, you know, how their how AI is going to help them.
2:04.2	Wasn't this croaker?
2:05.4	I think so and to be fair, like I think they actually kind of legitimately have an investing.
2:10.3	So it's not totally, but like they mentioned AI one company.
2:14.8	I don't like mentioned it like a dozen times.
2:17.1	Pretty sure it's croaker.
2:18.1	Yeah, but I think I've said this on the podcast before.
2:20.5	It does feel like there are some people out there who at this point are basically using AI as a synonym for any type of software.
2:28.4	Just like we use software.
2:29.7	We're using AI, but it begs the question of how to smartly invest in a technology that clearly a lot of people are enthused about.
	...

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