Josh Wolfe on AI and the Breaking of Silicon Valley's Social Contract

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Josh Wolfe, co-founder and managing partner at Lux Capital, to discuss the current state and future of AI. They explore whether the AI hype is justified, the potential of companies like Alphabet and Apple in the AI race, and the impact of AI on labor markets. Wolfe shares insights on the hardware stack, the role of on-device AI, and the challenges of retaining talent in the face of acqui-hires. The conversation also covers the incentives driving venture capital, the rise of open-source models, and the potential for AI to transform various sectors, including robotics and biology, while also touching on controversial topics like "lifecording" and AI rights.