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Andreessen Horowitz is reshuffling parts of its investment organization to sharpen its focus on artificial intelligence, according to people with knowledge of the situation. The changes will center the venture capital firm on two main themes: AI applications and AI infrastructure, the people said. The AI applications group is being headed by general partner Alex Rampell, according to the sources. General partner Martin Casado, who focuses on enterprise deals, will oversee another group investing in AI infrastructure, the people said. Do you have information about A16z or another venture firm?
Persons: Andreessen Horowitz, Alex Rampell, Rampell, Martin Casado, Margit Wennmachers, Casado, Jeff Jordan, Databricks, A16z, Pretzels, Vinod Khosla, Khosla, Ben Bergman, Melia Russell, mrussell@insider.com Organizations: US, A16z, VMware Locations: Silicon Valley, Airbnb, bbergman@insider.com
AI Has Finally Become Transformative
  + stars: | 2023-05-16 | by ( Martin Casado | ) www.wsj.com   time to read: 1 min
Speaking to a Senate subcommittee on May 16, 2023, OpenAI CEO Sam Altman, IBM chief privacy officer Christina Montgomery and NYU professor emeritus Gary Marcus gave suggestions for regulating the AI industry—and highlighted the associated perils. Images: AFP/Getty Images/Reuters Composite: Mark KellyArtificial intelligence has generated tremendous value across many applications over the last decade, including search, ad targeting and recommendations. But nearly all these gains have gone to tech giants such as Google and Facebook . Despite the hoopla—and a lot of related startup activity—AI hasn’t brought a market transformation similar to the internet or mobile, in which an entire new class of companies emerge and become household names. That may soon change.
Persons: Sam Altman, Christina Montgomery, Gary Marcus, Kelly, hasn’t Organizations: IBM, Getty, Google, Facebook
A Venture Capitalist Imagines What Generative AI Will Change
  + stars: | 2023-03-19 | by ( ) www.wsj.com   time to read: 1 min
‘I think it’s going to creep into our lives in ways we never expected,’ says Martin Casado about generative AI. Martin Casado is a general partner at venture-capital company Andreessen Horowitz, where he focuses on enterprise investing. Mr. Casado started his career at Lawrence Livermore National Laboratory, where he worked on large-scale simulations for the Defense Department. His work, first as a researcher and now as an investor, gives him insight into the development of artificial-intelligence products and usage. Wall Street Journal reporter Berber Jin spoke with Mr. Casado at The Wall Street Journal’s CIO Network Summit about the current capabilities, and the possible future of, AI.
WSJ Reporter Berber Jin, left, spoke with Andreessen Horowitz’s Martin Casado at the WSJ CIO Network Summit in Palo Alto, Calif. The value of ChatGPT-like technology comes from bringing the cost of producing images, text and other creative projects close to zero, according to Andreessen Horowitz General Partner Martin Casado . With only a few prompts, generative AI technology—such as the giant language models underlying the viral ChatGPT chatbot—can enable companies to create sales and marketing materials from scratch quickly for a fraction of the price of using current software tools, and paying designers, photographers and copywriters, among other expenses, Mr. Casado said.
Peter Kern, CEO of online travel company Expedia Group , sees the cloud as an area where his company can reduce its fixed costs. Amazon leads the market in cloud computing, with an estimated 39% share. Selipsky said that moving IT jobs to the cloud could help budget-strapped organizations save money, citing customers Agco and Carrier Global . It offers Graviton computing instances based on energy-efficient Arm-based chips, a less expensive alternative to instances using standard AMD and Intel processors. He said AT&T 's DirecTV unit was able to eliminate 20% of computing costs by adopting current-generation Graviton chips.
CEO Jordan Tigani says it won't replace Snowflake but can carve its own niche in the data market. DuckDB, an open source database and analytics technology, was launched by the DuckDB foundation in 2019 to tackle this problem. It's designed for work with smaller chunks of data, which is the size most companies are actually typically analyzing, Tigani said. The round comes at a $175 million valuation with combined a $35 million series A funding round led by Andreessen-Horowitz and a $12.5 million seed funding round led by Redpoint. It could also be compared to the emerging Snowflake-endorsed data technology Iceberg (3,600 stars).
SecurityPal helps companies complete security questionnaires using automation and human analysts. The startup raised a $21 million Series A round from Craft and a16z investors without a pitch deck. Hamal is the founder and CEO of SecurityPal, a security questionnaire startup that recently raised $21 million in Series A funding from Craft Ventures, Andreessen Horowitz general partner Martin Casado, and other angel investors. SecurityPal aids companies in filling out security questionnaires using a combination of automation and human security analysts. Hamal told Insider that the round came together from inbound investor interest and without the use of a pitch deck.
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