Jumping off an FT op-ed on venture capital and tech hype – which aligns great with TMK thought – we discuss the value and risk models of venture capitalism, then get into the emerging market structures and dynamics for generative AI. It’s not just a web3 redux. We end with Ted Chiang’s fantastic article on lossy compression as an analogy for large-language models.

Some stuff we reference:
••• The new Current Thing for VCs mourning the implosion of Web3 https://www.ft.com/content/83807cad-5f2c-4c35-a4ff-e9df5cbd3505
••• Generative AI: A Creative New World | report by Sequoia Capital https://www.sequoiacap.com/article/generative-ai-a-creative-new-world/
••• ChatGPT Is a Blurry JPEG of the Web https://www.newyorker.com/tech/annals-of-technology/chatgpt-is-a-blurry-jpeg-of-the-web

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Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)