The Tech Circus: AI, Venture Capital, and Elon Musk's Wikipedia Remix
An AI revolution is happening in India, where OpenAI is offering a year of free ChatGPT Go for all users, a strategic move to dominate the AI landscape in one of the fastest-growing tech markets.
Meanwhile, Sequoia's Roelof Botha has made a notable statement, declaring that venture capital isn't an asset class, but rather a blend of art and science, with a unique character.
Venture capital is more like a curious beast—a blend of art and science, with a sprinkle of unicorn dust.
Botha's comments come at a time when there are 3,000 venture firms in the U.S., compared to just 1,000 two decades ago, making it a highly competitive and dynamic field.
The concept of venture capital can be thought of as a garden, requiring nurturing and care to grow and flourish.
Author's summary: AI and venture capital are changing the tech landscape.
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