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Turner Caldwell

๐Ÿ‘ค Speaker
239 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

You know, people have tried to do autonomy in mining for a long time.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And generally, a lot of companies will just end up, you know, they'll fail, they'll put it on the shelf, or they'll isolate it into a small team that goes and they don't get really tapped again.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And Tesla does a really good job of just like barreling through the challenges as long as the outcome is worth it.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

Yeah, I would say that looking at analog industries is a great point.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

It's the, you know, for the mining industry, we're in a similar position where we're kind of we've had 35 years of just meaningful attrition in the labor pool.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

But the oil and gas sector has a bunch of extremely good talent.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And the software space, you know, a lot of the underlying optimization algorithms that we're writing for our plants, they look very, very similar.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

to the optimization algorithms that are in dog walking apps and Uber ride optimization, underwriting loans, ad optimization.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And so there is transferability in the like broader U.S.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

talent pool.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

What's important is building that talent magnet.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And it's an interesting one for us because, you know, the mining industry, like the villains in every movie are the resource extraction folks.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And so we have to like combat that and kind of say that- Make mining sexy again.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

Well, that's right.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

I'll go first.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

I think if we have a minerals mandate, what we should do is we should look at everything that was done in the last 50 years for oil and gas when we had an energy mandate, and we still have an energy mandate.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And that's a lot of asks boiled down into one.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

But there are a lot of tools in the toolkit.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

And I think the most important thing is providing the right incentive structure that mobilizes the private capital markets behind these projects so that they're confident that there is a market in the long term.

The a16z Show
Energy, Minerals, and the Physical Stack Behind AI

and that the rug isn't going to get pulled out from under them in an industry that, you know, for the last 30 years really hasn't been built out in the U.S.?