Inovia Capital partner Corey Jeffrey discusses the blind spots of the Silicon Valley ecosystem based on his international experience at Google.
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Jeffrey: Next-gen AI labs are seeing $12B valuations at napkin stage
“I've seen back of the napkin Back of the napkin ideas of next gen tier one, AI labs that are valued at twelve billion dollars, starting with two billion of cash and are definitely going to raise again in 18 months, you know, to buy now.”
Insight
Jeffrey: AI automating routine tasks causes burnout through nonstop cognitive load
“When in computer science, often you'll hear people say like, hey, like maybe I'm a system design architect, right? And I, my job is to think about like what the big distributed system is going to look like in Google search. Well, you don't spend every minute o…”
Prediction Not checkable as stated
Jeffrey: AI-supercharged humans, not autonomous machines, will drive job displacement
“And this is gonna be true of your job, my job, everybody's job in the future is like, You take an individual and you make them 10 times faster, a hundred times faster, whatever it is, it's that person that starts to eat up the world of jobs, not like the machi…”
Prediction Not checkable as stated
Jeffrey: AI will not reduce code volume, just make code disposable
“There isn't going to be less code. The code just becomes less valuable throw away.”
Insight
Jeffrey: Slow Companies Will Be Outcompeted Even If Rivals Are Wrong
“And so like the risk to all these companies that are slow, Is that they're going to be outcompeted even if their competition is wrong, right?”
Insight
Jeffrey: Entry valuation does not matter for seminal power-law companies
“There's only so many large enough seminal companies in an era that you're either in them or you're not. And if you're in them, then the valuation doesn't matter.”