Investing Frameworks For The Exponential Age | Crypto x AI Event
The Delphi Podcast29 Loka 2024

Investing Frameworks For The Exponential Age | Crypto x AI Event

The Six Year Window: Making Money in the Exponential Age - A wide-ranging conversation between Kevin Kelly (Delphi Digital) and Raoul Pal exploring investment frameworks for an AI-driven future.

In this thought-provoking discussion, macro investor Raoul Pal shares his thesis on why we have roughly six years until AI and other exponential technologies fundamentally reshape the economy and society.


Key insights:


- Traditional macro investing frameworks may become obsolete as AI reshapes economic fundamentals

- The next 6 years represent a critical window to position for the new economic paradigm

- Technology and crypto represent the primary vectors for capturing value in the exponential age

- The intersection of AI and blockchain could enable new forms of economic activity and value creation


"We've got about six years, I put 2030 as a rough date when we don't begin to understand how anything works. And so therefore I would like to be on the other side of that protected." — Raoul Pal


Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai


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Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.


Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:


https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/


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Follow the Speakers:


- Kevin Kelly on Twitter/X ► https://x.com/ Kevin_Kelly_II

- Raoul Pal on Twitter/X ► https://x.com/Raoulgmi


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Chapters


00:00 Introduction and Sponsor Acknowledgments

00:49 Introduction with Raoul Pal

01:53 The Exponential Age Thesis

04:28 Impact of AI on Economic Growth

08:05 Future of Markets and Investment Returns

11:47 AI, UBI, and Economic Transformation

14:10 The Future of Money in an AI World

17:41 Blockchain and AI Integration

21:43 Traditional Investors' Understanding of AI

24:43 Government and Regulatory Response

30:02 Investment Framework Evolution

34:12 High Conviction Investment Bets

39:43 Personal Portfolio Strategy

41:15 Tesla and Tech Stock Analysis

44:49 Elon Musk's Master Plan

49:06 Rapid Fire: Underrated vs Overrated

54:26 Future of Media and Personal AI

59:45 Closing Thoughts and Contact Information


Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Jaksot(474)

Andrew Kilbride and Matthew Lewis: TestMachine's AI Is Attacking Crypto Code To Surface and Fix Vulnerabilities

Andrew Kilbride and Matthew Lewis: TestMachine's AI Is Attacking Crypto Code To Surface and Fix Vulnerabilities

In this episode, we delve into the fascinating world of blockchain security and the intersection of artificial intelligence with the crypto space. Join us for an insightful conversation with the co-founders of Test Machine, a company dedicated to making smart contracts safer by utilizing advanced AI technology for vulnerability detection. Matt and Andrew share their experiences, insights, and expertise in the realm of smart contract security. They discuss the challenges of identifying vulnerabilities, the potential risks of AI misuse, and the synergy between blockchain technology and AI in enhancing data reliability and security. Whether you're a developer, investor, or simply curious about the future of blockchain, this episode offers valuable perspectives on the evolving landscape of crypto security. Socials Andrew's Twitter Matt's Twitter TestMachine's Website Tommy’s Twitter Follow Delphi Digital Website: ⁠⁠https://members.delphidigital.io/home⁠⁠ Twitter: ⁠⁠https://twitter.com/Delphi_Digital⁠⁠ Youtube: ⁠⁠https://www.youtube.com/@Delphi_Digital⁠ Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠here⁠⁠. KeywordsAI-driven security, Blockchain technology, Smart contract vulnerabilities, Test Machine solutions, Crypto security, Ethical hacking, Blockchain data integrity, AI in cybersecurity, Vulnerability detection, AI-powered audits, Crypto ecosystem, Dystopian AI scenarios, Blockchain adoption, AI-Blockchain integration, Defi projects, Ethical hacking tools, Crypto autonomy, Future of blockchain, Financial data protection, Crypto industry challenges, AI,

10 Elo 202355min

Stephen Wolfram: Unraveling the Mysteries of Large Language Models, Intelligence and Autonomous Crypto Agents

Stephen Wolfram: Unraveling the Mysteries of Large Language Models, Intelligence and Autonomous Crypto Agents

In this thought-provoking podcast episode, we discuss the mysteries surrounding Large Language Models (LLMs) and their implications for the future of artificial intelligence (AI) with Stephen Wolfram, creator of Mathematica, Wolfram | Alpha & Wolfram Language. We dive into the fascinating world of Large Language Models (LLMs) and their surprising capabilities. He also discusses the underlying scientific principles behind LLMs, including the concept of computational irreducibility, and how they function as probabilistic sentence finishers. Wolfram reflects on the potential applications of LLMs in computational contracts and the challenges of aligning AI systems with human aspirations. As the conversation delves into the future of AI governance, Wolfram explores the complexities of regulating AI and the importance of finding a balance between human intervention and autonomous decision-making. This episode offers a captivating exploration of the evolving landscape of AI and its impact on various industries and job roles. If you enjoy the podcast, please follow us on ⁠Spotify⁠ and rate us 5 stars on ⁠Apple Podcasts⁠. Socials Stephen Wolfram Stephen Wolfram's Website ⁠Tommy’s Twitter⁠ Follow Delphi Digital Subscribe to Delphi Digital: ⁠https://members.delphidigital.io/home⁠ Twitter: ⁠https://twitter.com/Delphi_Digital⁠ YouTube: ⁠https://youtube.com/@Delphi_Digital⁠ Disclosures: This conversation is for informational purposes only and does not constitute legal or investment advice. Actual results may vary materially from any forward looking statements made and are subject to risks and uncertainties. This podcast is not investment advice. Do not buy or sell tokens based off this episode.

27 Heinä 20231h 27min

Jesse Pollak: Coinbase Launches Base - An Ethereum L2 Accessible To 100 Million Coinbase Users

Jesse Pollak: Coinbase Launches Base - An Ethereum L2 Accessible To 100 Million Coinbase Users

Podcast description In this episode we talk to Jesse Pollak, Head of Protocols at Coinbase where he leads the development of Base, Coinbase’s L2 built on the OP Stack. Prior to leading Protocols, he led retail engineering at Coinbase for many years, building Coinbase, Coinbase Pro, and Coinbase Wallet. We explore how Base went from idea to product inside of Coinbase, how Base and Coinbase will reconcile their differences in technical and social centralization, how Base compares to other solutions, and much more. If you enjoy the podcast, please follow us on Spotify and rate us 5 stars on Apple Podcasts. Socials Jesse Pollak Base Tommy’s Twitter Follow Delphi Digital Subscribe to Delphi Digital: https://members.delphidigital.io/home Twitter: https://twitter.com/Delphi_Digital YouTube: https://youtube.com/@Delphi_Digital Disclosures: This conversation is for informational purposes only and does not constitute legal or investment advice. Actual results may vary materially from any forward looking statements made and are subject to risks and uncertainties. Chapters: (0:00) - Introduction (0:58) - History of Base (7:47) - Base vs other L2 blockchains (12:50) - Reconciling Coinbase and Base’s differences (16:08) - Why L2? (20:47) - ZK rollups vs OP stack (29:16) - Growing the Base ecosystem (30:42) - Coinbase’s neutrality framework (32:23) - Base and Coinbase are complementary (34:27) - Base vs other CEX blockchains

24 Heinä 202338min

Andriy Mulyar: The AI Trailblazer Making Personal ChatGPT a Reality With GPT4ALL

Andriy Mulyar: The AI Trailblazer Making Personal ChatGPT a Reality With GPT4ALL

In this episode, we discuss the impact of AI with Andriy Mulyar, co-founder of AtlasAI and creator of GPT4All. We explore how running local private language models can provide competitive benefits over using public models like ChatGPT without confidential data. Additionally, we delve into the importance of embeddings in AI and their potential impact on understanding data semantically. Finally, Andriy shares his thoughts on crypto/AI overlap, specifically focusing on data provenance as a key area for collaboration. Socials Andriy’s Twitter GPT4ALL AtlasAI Tommy’s Twitter Follow Delphi Digital Website: ⁠⁠https://members.delphidigital.io/home⁠⁠ Twitter: ⁠⁠https://twitter.com/Delphi_Digital⁠⁠ Youtube: ⁠⁠https://www.youtube.com/@Delphi_Digital⁠ Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠here⁠⁠.

22 Kesä 202345min

Emad Mostaque: Stability AI's Open Source Models To Drive Human Potential vs OpenAI’s One Model To Rule Them All

Emad Mostaque: Stability AI's Open Source Models To Drive Human Potential vs OpenAI’s One Model To Rule Them All

In this episode of the Delphi podcast, host Tommy interviews Emad, the CEO of Stability.ai, an open source AI company dedicated to democratizing access to AI tech. Emad explains how his company handles the rapidly evolving field of AI and machine learning, including their curation filtering priority setting process and the importance of building all types of models. The discussion also touches on the potential threat of artificial general intelligence to humanity. [00:01:32] Artificial General Intelligence. [00:04:11] Misaligned AI and ISIS. [00:07:26] Need for decentralization in AI. [00:11:17] Optimizing data for aligned AI. [00:13:46] Culture-specific AI models. [00:17:53] Standardized models for intelligence. [00:21:19] OpenAI's objectives and actions. [00:24:07] AGI vs. productivity. [00:30:07] The era of big models. [00:30:51] AI's mind-boggling compression. [00:36:37] Education with AI tablets. [00:38:31] AI's emergent behavior. [00:41:02] AI and Government Control. [00:44:53] New definition of intelligence. [00:48:45] The AI Bubble. [00:52:23] Impact of AI on economy. Socials Emad's Twitter Tommy's Twitter Recent Articles to Note Forbes article against Stability.AI Emad's Response Disclosures Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠here⁠. Keywords Stability.ai, open source AI, machine learning, text to image AI, artificial general intelligence.,AGI, dangers, AIs, humans, fake news,AI, education, healthcare, productivity gains, unemployment, panopticon, centralized control, propaganda, metaverse, regulations, government control, decentralization, distribution, Internet 2.,Google, Microsoft, Meta, AI, China Social Credit Score System.,entity, alignment, national models, data sets, AGI.,information rails, Reddit, structured data sets, AI, business model,data center, cloud, partnerships, revenue, open auditable AI,Google Search, standardized models, primitive building blocks, custom model creation, Amazon SageMaker.,models, business, culture, library, AGI,education, healthcare, AGI, automation, open source A.I.,Amazon, supercomputer, petaflops, ranking, infrastructure.,technology, deals, GPUs, super compute, partners,stable diffusion, clusters, optimization, speed, size,language, AI, productivity, scalability, data,GPT-4, compute, training, language models, productivity increase.,supercomputer, AI, training, terrorism, model weights,Iran, nuclear weapon, technology, AI, government.,GPUs, data, compute, intelligence, deep learning,protests, deep learning models, AGI, swarm intelligence, AI bubble,investing, business model, AI, finance, moats,AI startups, SaaS revenue, exit, Stability, Web3 chains, infrastructure, consolidation waves, CACLTVs, open side, production models.

13 Kesä 202354min

RISC Zero’s Brian Retford: Zero Knowledge Returns Trust To The World and Interplay of ZK and AI

RISC Zero’s Brian Retford: Zero Knowledge Returns Trust To The World and Interplay of ZK and AI

We sit down with Brian Retford, founder of RISC Zero, to discuss the vision and potential of zero-knowledge (ZK) technology and its impact on the world. ZK technology, although currently in its early stages and with high costs, has the potential to fundamentally change trust assumptions and enable privacy and scalability. RISC Zero's thesis is centered around making cloud computing universally accessible, privacy-focused, and owned by users. By removing barriers imposed by profit-driven cloud players, RISC Zero aims to create an open marketplace for automation and cloud services, challenging the dominance of a few companies in the industry. The conversation delved into the technical aspects of RISC Zero, such as the zkVM (zero-knowledge virtual machine) and its applications. The zkVM allows developers to write programs in various languages and generate proofs to verify their intended execution. RISC Zero targets a wide range of use cases, both within and beyond the blockchain space, aiming to automate manual processes, enhance trust, and ensure privacy. They also discussed Bonsai, an L2 network running on the zkVM, which enables seamless integration of ZK proofs into various blockchain protocols. The podcast explored the interplay between ZK technology and artificial intelligence (AI), highlighting how ZK can serve as a check on automation and support authenticity, privacy, and generative art. While acknowledging the mathematical complexities involved in ZK, Brian emphasized RISC Zero's goal of making it accessible and user-friendly, allowing users to focus on the possibilities it offers rather than the underlying intricacies. The AI angle was discussed in terms of leveraging ZK to enable new forms of social networking that emphasize privacy and individual responsibility. In conclusion, the podcast provided insights into RISC Zero's mission to democratize cloud computing, the potential of ZK technology to revolutionize trust assumptions, and the broad range of applications enabled by the zkVM. The conversation also touched on the future implications of ZK in AI, identity and privacy. RISC Zero aims to overcome the challenges of ZK adoption and create a more open and accessible computing landscape. This summary was written with the help of ChatGPT. Social Links Brian Retford Risk Zero Tommy Shaughnessy Follow Delphi Digital Website: https://members.delphidigital.io/home Twitter: https://twitter.com/Delphi_Digital Youtube: https://www.youtube.com/@Delphi_Digital Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here. Additional disclosure: Delphi Ventures is invested in RISC Zero.

9 Kesä 202356min

Jake Brukhman: Is ChatGPT Alive, OpenAI vs Stability AI’s Approaches to Avoid Killer Terminators, and Scanning Eyeballs with Worldcoin

Jake Brukhman: Is ChatGPT Alive, OpenAI vs Stability AI’s Approaches to Avoid Killer Terminators, and Scanning Eyeballs with Worldcoin

In this captivating episode of the podcast, we are joined by Jake Brukhman, an expert in OpenAI and large language models (LLMs), to discuss the interplay between AI and crypto. We dive into various thought-provoking topics, starting with the concept of moats in AI and whether they are sustainable in the long term. Jake shares his insights on the limits of LLMs and their future, highlighting their impressive ability to continue text but also shedding light on their inherent limitations. We then explore the intriguing dynamics between established tech giants like Microsoft and Apple and the disruptive potential of AI. Jake shares his perspective on how these incumbents (and OpenAI) may leverage their massive distribution channels and data to maintain their dominance in the AI space. The conversation takes an interesting turn as we discuss OpenAI's cautious approach towards AI progress and their concerns about its potential dangers, contrasting with Stability.AI's more adventurous perspective. Delving into the intersection of crypto and AI, Jake provides valuable insights into the current and future possibilities of AI technology in the crypto landscape. From there, we move into fascinating discussions on far-fetched AI ideas, the potential of AI-driven crypto projects, Paradigm's transition to a Crypto and AI fund, and the intriguing concept of Worldcoin's solution for sybil resistance. Finally, we explore the impact of AI on the traditional job market and the potential for unlocking a greater form of humanity. Jake reflects on his past predictions in the AI field, sharing what he got wrong and how his views have evolved over the years. Join us for an engaging and thought-provoking conversation with Jake Brukhman, where we explore the fascinating world of AI and its interplay with crypto. Social Links Jake Brukhman Tommy Shaughnessy Follow Delphi Digital Website: https://members.delphidigital.io/home Twitter: https://twitter.com/Delphi_Digital Youtube: https://www.youtube.com/@Delphi_Digital Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here.

6 Kesä 20231h 5min

Jayendra Jog: Robinhood's GameStop Fiasco Inspires Sei, The Layer 1 For Trading

Jayendra Jog: Robinhood's GameStop Fiasco Inspires Sei, The Layer 1 For Trading

Sei is a Layer 1 blockchain built for trading. It was co-founded by Jay, who was inspired to create a decentralized trading platform after working at Robinhood during the GameStop trading fiasco. Sei is designed to offer the best trading experience possible, with fast finality, high throughput, and specialization for its core focus. Sei achieves its goals through a number of innovative technologies. These include frequent batch auctions, twin turbo consensus, and parallelization. Frequent batch auctions prevent front running and ensure that everyone gets the same trade price. Twin turbo consensus achieves faster time to finality and eliminates the risk of re-orgs. Parallelization increases throughput and allows for more transactions to be processed per second. Sei is still in its early stages, but it has the potential to revolutionize the way we trade. It is a powerful new tool that could give traders more control over their assets and make the markets more fair and transparent.  Social Links Sei Network Jayendra Jog Tommy Shaughnessy Follow Delphi Digital Website: https://members.delphidigital.io/home Twitter: https://twitter.com/Delphi_Digital Youtube: https://www.youtube.com/@Delphi_Digital Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here. As an additional disclosure Delphi Ventures is an investor in Sei.

25 Touko 20231h 6min