Top 5 factors for a startup's success
Bill Gross is the founder of technology incubator Idealab and 100 companies in the last 30 years. In a Ted talk, he reveals the single biggest reason why startups succeed - timing!
Kai-Fu Lee on China-US AI Race - Q&A Transcript from a Bloomberg Interview
Kai-Fu Lee, Chairman of Sinovation Ventures and author of AI Superpowers and AI 2041: Ten Visions for Our Future on the China-US AI Race Q: There's still a lot of challenges when it comes to the whole monetization of AI, according to his perspective. In the last three years, though, how have you looked at this whole evolution of China AI versus the US, and what are the advantages and challenges for China? A: Yeah, so firstly, I disagree on the prospects for the USA. USA because yes, you look at OpenAI, it's making half billion spending 40 billion. It looks like a bad balance sheet, but most of that 40 billion is spent for future revenues. And if you believe there are 2x, 3x, 5x growth for the next three years, it's going to justify that valuation at some point. The bubble is merely that it's gotten ahead of itself, not the likelihood of growth in the future. Not saying it's worth its price, right, but there's absolute substance under the thumb. Now back to t...
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