What does M12, Microsoft’s Venture Fund, look for in the next generation of AI startups? Michael Stewart, Managing Partner at M12, joins the Icons Podcast to discuss artificial intelligence, venture capital, and the opportunities he believes more founders should be pursuing.Michael breaks down what makes a founder stand out, why M12 invested in Fastino’s small, task-specific AI models, and how startups can thrive in the gap between what technology makes possible and what large companies are building. We explore the importance of speed, conviction, timing, and bringing more than money to the table.From conversational AI and interactive entertainment to AI gaming and next-generation displays, Michael shares where he sees overlooked opportunities. He explains why cost and distribution are central to bringing AI to billions of people—and why the future should be about solving problems, not just answering questions.We also discuss his journey from scientist and inventor to venture capitalist, the painful lessons of the clean-tech boom, how to pitch M12, and what it takes to build genuine founder–investor relationships that last beyond the first check.Subscribe to the Icons Podcast for more conversations with founders, investors, and innovators shaping the future.#ArtificialIntelligence #VentureCapital #Startups