Qiao Wang from Alliance discusses the impact of AI on coding, startup moats, and investment strategies. He notes the blurring lines between general chatbots and coding assistants, observing that AI's increasing capabilities enable even non-coders to automate tasks. This shift allows early-stage startups to remain lean, potentially leading to one or two-person unicorns. Wang argues traditional software moats are diminishing, while developer ecosystems, switching costs, and proprietary data remain strong defenses for larger companies. Regarding investments, Wang expresses caution due to high market valuations, favoring individual stock picking over broad asset allocation and highlighting Google, Tencent, and Amazon as long-term holdings. He also shares his health journey, emphasizing the importance of sleep, diet, and exercise over micro-optimizations.
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