AI illusions and navigating The Money Trap with Alok Sama

Equity

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4.2 • 365 Ratings

🗓️ 11 September 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on Equity, Former SoftBank Group International President Alok Sama joins Rebecca Bellan ahead of the launch of his new book THE MONEY TRAP: Lost Illusions Inside the Tech Bubble. Here's what the pair got into: What Apple's AI announcements could mean for startup innovation and companies like ARM and Nvidia Concerns about the circularity of investments and unusual follow-on rounds led by VCs. IPO alternatives in a slow public market High valuations, the risk of over-investment and how to know when a bubble is going to pop. Equity will be back on Friday, so stay tuned!

Transcript

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0:00.0	Hello and welcome back to Equity, Tech Crunch's flagship podcast about the
0:15.1	business of startups. I'm Rebecca Blonde and this is our Wednesday episode
0:18.4	where we home in on a trend in the tech world and dive deep. Today we're talking to Morgan Stanley veteran and
0:24.2	former president and CFO of Soft Bank Group International Aloak Sama. Alok is also the
0:30.4	author of The Money Trap Lost Illusions Inside the Tech Bubble on sale September 17th.
0:35.8	Aloq, welcome to the show.
0:37.3	Thanks Rebecca.
0:38.3	Found of this show and great to be here.
0:40.0	Yeah, I'm really excited to have you here and there's so many things I want to pick your brain on.
0:43.2	I don't know how we're going to keep it to 30 minutes, but I guess we're going to have to try.
0:46.3	I'd love to hear your thoughts on AI, and to kick that off, let's put into context a lot of the news that's been happening this week in relation to Apple. So for
0:54.2	our listeners this week on Monday Apple had its glow-time event where it shared its
1:00.0	iPhone 16 lineup which will be the first iPhones to ship with AI-powered
1:04.0	functionality. And by AI, I mean Apple Intelligence, Apple's own brand of AI, and then
1:08.8	it will also have a partnership with Open AI, and there's a lot to be discussed discussed a lot of promises that are coming out
1:14.0	later this year.
1:15.1	Aloq, I wanted to get your thoughts on what was announced this week and how you think that's
1:20.9	going to affect Apple coming into this AI race.
1:24.0	Yeah, I mean there's so much written and said about AI and Apple that it's kind of
1:29.2	tough to find anything original to add to me quite on it. But to me I mean the comments I would make first generally on AI
1:37.0	I mean one of the things I do is I'm a senior advisor to Wober Pinkers
1:40.0	you know they are under the radar a little bit but fantastic growth investors in the
	...

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