Another week when there are many talking points.
The Q3 Venture Capital data is out, and both Gene Teare at Crunchbase and Peter Walker at Carta have significant insights this week. In an essay of the week, Kyle Harrison takes a stand back and examines the entire venture value chain - as we have discussed a lot in prior weeks. It is a great effort by Kyle and a very good read,
Also, Sam Bankman Fried is not in front of a Jury. Only two days in, the prosecution is mounting a strong effort to undermine his ethical stance, with his former CTO saying he was asked to write code enabling Alameda, SBF’s hedge fund, to take unlimited loads from FTX. It is not yet clear if this is criminal. I will wait for the defense case and consider it. But these two days have been difficult for SBF.
Meta is announcing Quest 3, which resembles Apple’s forthcoming approach (see through the mask into the room). Meta also announced the next version of its VR glasses with Ray-Ban. These look promising, to be honest. I might even pony up for a pair (prescription lenses too).
But for me, the story of the week is still AI. Open AI announced DALL_E 3 and that it will be included in ChatGPT. ChatGPT is also getting visual acuity - interpreting images and drawings. I have even seen demos of it writing code from paper sketches to make websites. Audio input and output are also now live in the mobile app.
Rex Woodbury writes an over-arching piece comparing the mobile revolution to AI. He concludes that AI will be far more significant than the already mighty impact of mobile.
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