From Fortune:



Artificial intelligence has been a major topic, especially since the release of OpenAI’s ChatGPT. Venture capitalists have been investing heavily in AI startups, but billionaire investor Chamath Palihapitiya believes that AI has the potential to disrupt VCs themselves. He suggests that AI tools give company founders more leverage and they can own a larger percentage of their companies, potentially leading to more profits. Another investor, Jason Calacanis, stated that founders are now prioritizing profitability and ownership of their company, rather than raising the most money at a high valuation. Palihapitiya has previously mentioned the profound changes that AI may bring to the VC industry. He has suggested that AI tools could lead to the creation of millions of startups with only one or two people and believes there’s a reasonable case to be made for a profound change in the role of venture capitalists.



Original: AI will disrupt VCs, aid founders: Chamath Palihapitiya