Episode #49: Making Money on AI, Consumer Deserves Attention from Investors, Nvidia Invests in OpenAI

We explore Jerry Neumann's "AI Will Not Make You Rich," which argues that transformative technologies like AI may not deliver lasting competitive advantages, using economist Carlota Perez's tech wave framework to examine whether we're in the "frenzy" or "irruption" stage of AI development. Next, we dive into the curious disconnect in consumer tech markets, where VC funding has dropped from 15% to 5% of venture dollars despite consumer companies significantly outperforming the Nasdaq-100. Charles discusses why Precursor remains bullish on out-of-favor sectors and whether AI-powered personalization could revive investor interest in consumer tech. Finally, we examine Nvidia's $100 billion investment in OpenAI and what this reveals about the interconnected web between chip makers, data centers, and AI companies.

Speakers

AI Chat

Charles Hudson

Host • 62%

Mia Farnham

Host • 38%

Chapters

0:00	Introduction and frenzy stage in tech investment
0:48	AI and tech waves
2:02	AI's potential value capture and software pricing impact
5:21	Consumer tech investments and why VCs stay away
10:09	AI-driven personalization in consumer tech and NVIDIA's investment in OpenAI
15:22	Tech giants' relationships and AI infrastructure's future

Transcript

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