Tech Utopian Project Gets $525 Million in Commitments

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 21 October 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A proposed tech utopia called Praxis is looking for like-minded individuals to be part of a new community. It’s turned to crypto to help finance the plans. WSJ Pro Venture Capital reporter Yuliya Chernova speaks to host Zoe Thomas about Praxis and other proposed tech utopias. Plus, WSJ’s Tech Live kicks off today. We’ll tell you what to expect. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The Capital Ideas Podcast now has a new monthly edition hosted by Capital Group CEO Mike Gittlin.
0:05.7	Investment professionals reveal their best mentors, how they find their next great idea,
0:10.0	and a few funny stories. Subscribe wherever you get your podcast, American Funds Distributors, Inc.
0:19.0	Welcome to Tech News Briefing.
0:20.8	It's Monday, October 21st.
0:23.2	I'm Zoe Thomas for the Wall Street Journal.
0:26.0	Some of the biggest names in tech, including Reddit,
0:28.6	co-founder Steve Huffman, Netflix
0:31.0	co-ce CEO Ted Sarandos, and Aravan Shrinovas, CEO of Artificial Intelligence
0:36.6	startup perplexity, are heading to Laguna Beach, California.
0:40.9	We'll tell you what to expect from this year's W.S.J. Tech Live.
0:45.0	And then, a tech utopia could be popping up somewhere.
0:50.0	Plans for technologically advanced futuristic cities are being proposed or planned in locales around the world.
0:57.0	We'll tell you about one of them and how it's financing this afternoon the Wall Street Journal's Tech Live gets underway.
1:12.2	The event brings together some of the tech industry's biggest
1:15.3	names to answer questions live and it's often a place where news breaks. Here to tell us
1:21.3	about this year's event is Sarah Casolano's, a news editor on the
1:25.1	W.S. J's live journalism team. So Sarah, what's this year's big theme?
1:30.3	You know, this year Generative AI is of course top of mind for business leaders
1:35.5	companies are investing billions of dollars in AI and business leaders are
1:40.9	really starting to seek returns.
1:43.3	There's also a lot of uncertainty about whether all of this investment in AI is sustainable.
	...

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