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 notable statement, declaring that
venture capital isn't an asset class, but rather a unique blend of art and science. This comment comes as the number of venture firms in the U.S. has tripled over the past two decades, reaching 3,000.
Botha's perspective can be likened to a garden, where venture capital requires careful nurturing and attention to flourish. The current state of venture capital is likened to a
wild west, with many firms competing for success.
In conclusion, the tech landscape is evolving rapidly, with AI and venture capital playing key roles. As the industry continues to grow and change, it will be interesting to see how these developments unfold.
Author's summary: AI and venture capital are changing the tech landscape.