Founder,tech,money & investing,writer,podcaster. The Purse #jointhepurse #womenandcapital #womeninvestors #genderlens #investor #crypto #LSE
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Joined October 2007
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Episode #168 with Lindy Claassen from Brown Shipley is now live!
We talk about women investors, redefining wealth, the Great Wealth Transfer and why we need more women to back female founders.
Please enjoy! Listen on Spotify+ (links below) 👇
Jana Hlistova retweeted
Reddit's earnings call has exposed the new reality for thousands of companies.
"AI mode does not drive traffic. Not for us and not to anybody as far as I know. It used to be a traffic driver. Now it's not." - Reddit CEO.
The reality is that AI is fundamentally changing the way that humans access the internet.
Just 24 hours prior to this statement, Google's stock erased -$480 billion on the same issue: AI is disrupting the traditional search model.
For decades, the internet operated on a simple model. Search engines directed users to websites, and those websites monetized the traffic.
AI is destroying this business model, and it's happening at an accelerating pace.
The traditional model of internet traffic is rapidly becoming outdated.
The internet has entered a new era.
In over 90 pages of risk factors, Anthropic warns that ...
- AI could pose "catastrophic or existential risks to humanity," and could try to manipulate humans.
- AI models are becoming harder to monitor, and their abilities could exceed human reviewers' ability to do so.
- AI models have exhibited behavior resembling blackmail, including attempts to resist being shut down.
- Anthropic also disclosed that four of its models gained unauthorised access to real third-party systems during cybersecurity evaluations.
- In one incident, a model used a discovered password to gain administrator access, collected additional credentials, changed system settings and accessed an individual's personal information.
Anthropic said it found no evidence that the models pursued goals beyond their assigned tasks or attempted to evade oversight. #Axios
Jana Hlistova retweeted
Marc Andreessen says the gap between what AI-native startups and incumbents think AI can do is the widest he’s ever seen:
"The AI-native early stage startups have just a completely different view on what they can do with AI than the typical incumbents in almost any industry, almost without exception."
"AI is just racing ahead in capability even week by week... There are going to be a lot of industries that are really up for grabs in a fundamentally more profound way than maybe has been the case in the past."
"The founders are gonna have a level of superpowers coming from the use of these tools and these technologies that they just simply haven't had in the past... Had I had Astra and Netscape in 1994, like, oh my God. Like, Ben, what would you and I have been able to do at Netscape?"
"Those entrepreneurs are gonna color way outside the lines. We already see this. They're not gonna think of themselves as like, 'I'm just a software company,' or, 'I'm just a hardware company,' or even, 'I'm just an AI company.'"
@pmarca @bhorowitz
Today, a16z Crypto is becoming a16z Frontier.
Since joining a16z in 2013, @cdixon has focused on technologies that look futuristic well before they reach the mainstream. Those themes led to investments in Oculus, Skydio, Zipline, Coinbase, Solana, and Uniswap.
Frontier expands that mandate beyond crypto to back "outer planet" founders who are building new technologies and creating markets that may take years to develop.
Chris joins @pmarca, @bhorowitz, and @eriktorenberg to discuss why crypto has become part of the broader tech landscape, why Frontier fills a hole in the firm's architecture, and why they'd rather be too early than too late.
They also get into why the gap between AI-native startups and incumbents is the widest Marc has ever seen, how AI could pull forward 20 years of frontier technology, why stablecoins may become the way AI agents pay each other, how AI is breaking the internet's business model, and why today's 18-year-olds are about to become superhumans.
0:50 Introducing a16z Frontier
2:49 Smartphone parts to drones and VR
4:47 Backing the "outer planets"
7:11 Good ideas that look like bad ideas
10:43 The JP Morgan photo in Marc's office
15:13 Good tech ideas eventually work
16:53 AI may pull tech 20 years forward
18:18 The widest AI gap Marc's ever seen
22:06 Workers adopt AI before companies do
26:32 Old use cases vs. AI-native ones
30:08 Beyond "product manager brain"
34:45 AI can reverse engineer any hardware
38:23 The case for open source AI
46:36 How AI breaks the internet's model
49:11 VR, homebrew hacking, multiplayer AI
54:00 If you're 18, study "modern alchemy"
YouTube: youtu.be/-9XQMHhpypc
Not an offer or solicitation. None of the information herein should be taken as investment advice; Some of the companies mentioned are portfolio companies of a16z. Please see a16z.com/disclosures for more information. A list of investments made by a16z is available at a16z.com/portfolio.
Stocks, not houses, have been the largest single asset on household balance sheets for a while — and the gap is widening #Axios
"...By the numbers: Americans' wealth jumped by $12.8 trillion in the second quarter, per Fed data, led by a nearly $11 trillion gain in stock holdings and other financial assets (see chart). That's the biggest single quarterly increase, in dollar terms, on record..."
#Axios
…The 10-year rate rose almost 17 basis points to 5.13%, the highest since 2007. The yield on the maturity, a benchmark for everything from mortgages to global corporate bonds, is heading for its seventh straight monthly increase, matching the longest climb since 2011… #Bloomberg
