General Catalyst CEO on AI Venture Capital, Valuations

Consumer AI adoption is entering a new renaissance as sophisticated models transition from enterprise infrastructure toward native consumer experiences in sectors like travel and brand engagement. While valuations for research-heavy projects remain speculative, applied AI companies are demonstrating rapid growth and durability, particularly those redefining engineering workflows through automated coding. Anthropic serves as a primary example of this shift, significantly outperforming growth projections and potentially reaching the scale required for a public offering within 12 to 18 months. Beyond generative models, prediction markets like PolyMarket are emerging as statistical tools for establishing collective truth in an era of information volatility, though they face an evolving regulatory landscape. To sustain this momentum, future government policy must shift from general AI investment toward energy infrastructure and managing the resulting workforce transformation to ensure effective technology diffusion across the economy.