Dive into the world of AI investments with Eric Vishria of Benchmark and Sergiy Nesterenko of Quilter. Explore the future of AI in hardware design, the strategies for venture capital investment in the AI era, and the impact on society. Discover why Benchmark has yet to invest in foundation model companies and the significance of solving enduring problems in this dynamic field. Join us for an eye-opening discussion on the intersection of AI technology and business innovation. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj SPONSORS: Oracle Cloud Infrastructure (OCI) is a single platform for your infrastructure, database, application development, and AI needs. OCI has four to eight times the bandwidth of other clouds; offers one consistent price, and nobody does data better than Oracle. If you want to do more and spend less, take a free test drive of OCI at https://oracle.com/cognitive The Brave search API can be used to assemble a data set to train your AI models and help with retrieval augmentation at the time of inference. All while remaining affordable with developer first pricing, integrating the Brave search API into your workflow translates to more ethical data sourcing and more human representative data sets. Try the Brave search API for free for up to 2000 queries per month at https://bit.ly/BraveTCR Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist. Omneky is an omnichannel creative generation platform that lets you launch hundreds of thousands of ad iterations that actually work customized across all platforms, with a click of a button. Omneky combines generative AI and real-time advertising data. Mention "Cog Rev" for 10% off https://www.omneky.com/ Recommended Podcast - The Riff with Byrne Hobart Byrne Hobart, the writer of The Diff, is revered in Silicon Valley. You can get an hour with him each week. See for yourself how his thinking can upgrade yours. Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKt Apple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486 CHAPTERS: (00:00:00) Introduction (00:10:12) The Idea Maze (00:12:28) Disruptive Approach (00:15:47) Sparse reward problem (00:18:26) Sponsors: Oracle | Brave (00:20:34) Reliability of the reward signal (00:28:12) Model size and compute (00:30:14) Simulation methods (00:35:48) Superhuman circuit board design (00:38:53) Sponsors: Squad | Omneky (00:40:38) What does the future of circuit board design look like? (00:43:11) How do I make money in AI? (00:46:18) What is cutting edge? (00:48:34) Researchers vs. engineers (00:50:51) Call for startups

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“What did the council decide on item 42?” — answered with the speaker and the moment.