"With both Web3 and VR, if you thought that was interesting a year ago, it's still interesting. Nothing's really changed. Like 98% of all the nonsense has gone away. But if it was early 2022 and you thought VR headsets are going to be a device that two or 3 billion people own, well nothing's changed in the last year to change that.  If you think that we might build a billion-scale, consumer software, consumer internet service on a blockchain. Which is really what Web3 means. Yeah, ok.  If you thought that a year ago, fine, but you should probably think that is still five years away, but it's just as interesting now as it was then. But it's five years away. Whereas this second wave of AI had been kind of bubbling away very quietly for five years. I mean, the first demo is using generative networks to make faces and things in 2014. And they look terrible. They don't look very interesting. And then suddenly in the last six months, as I've said, suddenly this has worked. Or something's working. And then the growth thing. Well, what is it that's working and what will it become?" - Benedict Evans

 

Fresh out of the studio, Benedict Evans, the independent analyst and venture partner from Mosaic Ventures & Entrepreneur First, joined us to talk about his recent annual presentation on the technology business: The New Gatekeepers. Benedict shared his perspectives on the evolution of Web3 and AI given the major shift from the metaverse to generative AI. Last but not least, Benedict delves into the exciting possibilities and potential outcomes for the emerging wave of AI startups and explains what success would really mean for them.

 

Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).