In the last year, VCs have poured billions of dollars into #generativeAI technology. Obviously, many have been wondering how big of an economic #disruption this will leave on our industry in the long run. This article from PitchBook is mostly speculative, but it’s asking a bold question — with the development of #AI, is this the end of #VC funding as we know it? James Currier, founder of NFX has once stated that we are in “the final 10 years of venture capital as we have come to know it.” As technological efficency rises, it will shake up the structure of our industry and reduce the amount of people working in VC. I understand where the concern comes from, but I also echo the sentiment from Leah Hodgson’s article. There’s a strong human element that is still needed in VC funding, and at least in near future, AI cannot replace the valuable insight and intuition humans offer, especially in the earlier stage of #seed funding. #AI will certainly help us make better, informed decisions — but it’s about co-existing the technology and using it as a #tool, not a substitute for workers. Hamza Farooq
Jennifer Byrne
7mo
Well said
Co-Founder | X-Border Fintech | Trade Fi | Builder
7moI recently listened to a panel at the Texas Venture Gala & Forum I believe it was titled rising stars, or something along those lines, where young associates were describing in detail how they were using LLM’s in their workplaces—it was quite similar in theme to what you wrote here. Good to see the embrace of it everywhere, and these LLMs making good ‘sparring partners’ as one panelist mentioned.