Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Balaji Srinivasan

πŸ‘€ Speaker
2887 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

The financial stuff incentivizes the information feeds, right?

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

Like, in a sense, why does... So people can, in a sense, bet on the Bloomberg terminal, right?

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

So the Oracle services that actually put this information on-chain...

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

contracts for various kinds of markets, right?

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

So the news, the media actually influences the flow of money.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

There's a vortex that is pulling verifiable information.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

Market wants it there.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

And in a sense, what the blockchain is, is like an armored car for information where you can transport that information on chain.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

And so if you scroll down a little bit further, and again, this is like six years, I've been thinking about this for a long time.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

So the Weather Channel posts cryptographically, if you click into this, right?

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

This shows all

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

feeds that can be posted.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

So the Weather Channel could post signed feeds of weather data, Redfin posts real estate transactions, Foursquare has location data.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

They can make them free or they can crypto pay.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

And so now you have this stream of the raw data and then you have AI on top of it that turns that into legible text.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

I only saw GPT-2 and maybe GPT-3 had been out by that point, but I could, there's actually a company called Narrative Science.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

Okay.

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

And

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

which went bust, but it was a cool company, okay?

The a16z Show
Balaji Srinivasan: Prove Correct, Not Just Go Direct

They had something which would, let me show you what it looks like.