This Generative Now podcast features Michael Mignano and Semil Shah discussing the state of AI in 2024, contrasting initial hype with the reality of progress and funding. The conversation covers perceived slowdowns in AI model advancements, massive funding rounds for companies like OpenAI, the shift towards private market stability, and the challenges and failures of consumer AI devices. They also discuss the rising profile of Jensen Huang, CEO of NVIDIA, and the increasing influence of tech in Washington D.C. Ultimately, the podcast offers insights into the evolving landscape of AI and its impact on venture capital and broader technological trends.