VIDEOSTerm Sheet
In this series, Fortune senior reporter Allie Garfinkle adapts her newsletter in audio and video format, diving deeper into the latest news and insights on private equity, venture capital, and startups. This weekly show expands on the elements that have made the newsletter an essential subscription for investors, with industry leaders guests and a roundup of the biggest funding news.
OpenAI Researcher turned VC on what we’re missing on the AI Bubble
The artificial intelligence PhD to VC pipeline may seem relatively obvious now but Jenny Xiao, cofounder of Leonis Capital, forged this path well before the AI boom ever started. She left a PhD program at Columbia to join OpenAI as a researcher and, one week after the debut of ChatGPT, she left to cofound Leonis Capital, a “research-driven” VC firm. Having seen the world of artificial intelligence through an academic, market, and investor lens, she joins Term Sheet to talk about why AI companies should be valued closer to (or even below) SaaS, the role academia plays in AI progress, the possibility of another “DeepSeek” moment, and more. Allie also talks about Fed Chair Jerome Powell’s surprising Sunday night video and her recent story on Strava.
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