David Weisburd

There's this theory that the value, the software layer is going to be commoditized and all the value add is where formerly software companies now services companies presumably are going to capture that value.

What do you think?

And have we seen the early stages of that?

Now that we have CloudBot now called OpenClaw, some technical people believe that we're either already surpassed AGI or we're going to be post-AGI in the next couple of years.

How does investing change in a post-AGI world?

People were panicked in the industrial revolution where many people lost their farming jobs and then they were industrialized.

And we have these cycles, internet replaced many things that were done offline.

Part of the reason for that is that humans lack the cognitive ability to derive two, three, four steps ahead.

and these opportunities become evident to human beings only one step before so now we could finally see oh there's developer tools now if people have developer tools there's value-add services on top of those but we're not thinking about what if uh droids need to talk to humans or need to trade crypto like there's so many layers of complexity that the human mind is just not set to be able to think that that many steps into the future

If and when AI reaches AGI phase, what are the best places that investors could capitalize?

Said another way, there's some really exciting technology.

In order to go from the technologists and the hobbyists to the early adopters, you need some killer app.

The early adopters, although they're willing to take risks on technology, they're highly pragmatic.

So they want to know, I could use this application to accomplish this goal.

And until that killer app is made for the technology, it sometimes just stays extremely niche.

If you could go back to 1991, it just won three national championships in tennis.

And you had to give yourself only one timeless piece of advice to carry with you through your career.

What would that one piece of advice be?

I think the tricky thing about not chasing shiny objects, that's obviously a negative framing on it, is you don't know if you're in the first inning, you're in the third inning, or you're in the ninth inning and the market's about to go down.

And I think you mentioned it is human nature to chase.