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AI is making companies more efficient, says Fiat Ventures GP

Fiat Ventures General Partner and Fiat Growth Founding Partner Drew Glover joins Ed Ludlow and Caroline Hyde to discuss the impact of AI on the fintech space, and why he thinks AI is a great tool but might not be the right product for all companies. He speaks on “Bloomberg Technology.” ——– Like this video?…

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Fiat Ventures General Partner and Fiat Growth Founding Partner Drew Glover joins Ed Ludlow and Caroline Hyde to discuss the impact of AI on the fintech space, and why he thinks AI is a great tool but might not be the right product for all companies. He speaks on “Bloomberg Technology.”
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6 Comments

6 Comments

  1. Susan Elizabeth

    September 5, 2023 at 7:55 pm

    i am here on the ground. It is getting worse, not better.

  2. Norman Oro

    September 5, 2023 at 8:23 pm

    It’ll be really interesting to see how fintech companies deploy generative AI both to clients that are businesses and to clients who are individual consumers. As far as whether business-to-business or business-to-consumer seems more attractive, with venture dollars hard to come by because money is so expensive and with the resulting focus on generating real returns now (versus only growth), it would seem like fintech companies that focus more on providing backend services to businesses (eg, processing transactions and providing related analytics) are better positioned than their business-to-consumer brethren. First of all, as Drew Glover alluded to, there aren’t the considerable expenditures needed to create a brand in the minds of potential customers. Perhaps even more importantly, I think the competitive advantage of simply being an incumbent (and therefore a known quantity) can be sufficient when it comes to B2B fintech companies because current and potential customers need reliability and stability. Consequently, the cost of switching to another provider (or selecting a relatively unknown one if you’re shopping for a provider) can often be prohibitive regardless of that provider’s price-point because the perceived risk is so great.

  3. BUY_YOUTUBE_VIEWS_77

    September 5, 2023 at 8:55 pm

    Truly impressive! ????

  4. shoopddawhooped

    September 6, 2023 at 3:17 am

    Getting some big C3AI vibes from this one. In This Video : Drew Glover does his best dog impersonation as he proves his lack of knowledge around home loan origination and customer privacy regulations then ponders Shopify’s Stripe integration, after deflecting away from GenAI.

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Science & Technology

How Apple’s Lawsuit Could Stall OpenAI’s Hardware Plans

Injunctions, restraining orders, delays. The Equity Podcast crew breaks down how Apple’s trade secret lawsuit could throw a wrench in OpenAI’s hardware ambitions.

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Injunctions, restraining orders, delays.

The Equity Podcast crew breaks down how Apple’s trade secret lawsuit could throw a wrench in OpenAI’s hardware ambitions.

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Bloomberg Technology

China’s Moonshot, Netflix’s Slump & Greylock’s $1.5B Bet | Bloomberg Tech 7/17/2026

Bloomberg’s Ed Ludlow looks at Chinese startup Moonshot’s latest model, which it says can compete with the best from OpenAI and Anthropic. Plus, Netflix shares tumble after the streaming giant warns of slowing sales growth for a second straight quarter. And, Greylock, one of the oldest venture firms, just raised $1.5 billion for its 18th…

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Bloomberg’s Ed Ludlow looks at Chinese startup Moonshot’s latest model, which it says can compete with the best from OpenAI and Anthropic. Plus, Netflix shares tumble after the streaming giant warns of slowing sales growth for a second straight quarter. And, Greylock, one of the oldest venture firms, just raised $1.5 billion for its 18th fund. We speak with partner Saam Motamedi.
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Science & Technology

How Apple’s big lawsuit could disrupt OpenAI’s IPO plans | Equity Podcast

Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the…

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Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the timing couldn’t be worse with the company reportedly eyeing an IPO as early as later this year.

On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into what the lawsuit could mean for OpenAI’s own hardware ambitions and IPO timeline, plus a bigger theme running through the week’s news: how much should anyone trust AI companies with their data?
Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters:

00:00 Intro

00:40 Would you want Sam Altman listening to you?

01:53 Apple sues OpenAI over trade secrets

13:24 Satya Nadella’s warning: “you’re paying twice” with your data

19:03 Open source vs. going deeper with AI labs

24:52 General Catalyst gives David Beckham’s health drink startup $1B

30:05 Ex-OpenAI researcher raises $200M for drug discovery startup

32:58 Outro

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