Author: Katie Robertson / Source: New York Times
Jason Henry for The New York Times
HALF MOON BAY, Calif. — Mark Zuckerberg’s “move fast and break things” mantra may no longer be Facebook’s modus operandi, but Silicon Valley’s demand for rapid growth is still strong. And the rise of the competitive landscape of artificial intelligence is only fueling it.
Last year, venture capital investment in A.I. start-ups increased 72 percent from the previous year to a record $9.3 billion in the United States, according to a PricewaterhouseCoopers report.
Reid Hoffman, the co-founder of LinkedIn and a prominent venture capitalist, said at The New York Times’s New Work Summit in California that he looked very carefully at A.I. ventures to see how they were making new, interesting things possible and how he could bet on them early. He said current machine learning techniques, which are transforming fundamental industries, gave an amazing glimpse of the future.
“My ideal investing is stuff that looks a little crazy now and in three years is obvious or five years is obvious,” Mr. Hoffman said.
He voiced some concerns around how A.I. could transform the global landscape, likening it to the shift from the agricultural age to the industrial age.
“You’ll see enormous changes from where the bulk of people find jobs and…
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