The Tech Circus: AI, Venture Capital, and Elon Musk's Wikipedia Remix
An AI revolution is happening in India, where OpenAI is offering a year of free ChatGPT Go for all users, a strategic move to dominate the AI landscape in one of the fastest-growing tech markets.
Meanwhile, Sequoia's Roelof Botha has made a striking statement, declaring that venture capital isn't an asset class, but rather a unique blend of art and science.
Venture capital is more like a curious beast—a blend of art and science, with a sprinkle of unicorn dust.
Botha's comments come as the number of venture firms in the U.S. has grown to 3,000, compared to just 1,000 two decades ago, making it a challenging and competitive landscape.
Author's summary: AI and venture capital are changing the tech landscape.