Whatever the turmoil on Wall Street, there wasn’t much worry about the AI apocalypse or market meltdown among the more than 300 founders and investors who gathered in San Francisco on Wednesday.
Instead, the dominant theme among the founders on stage was the vast potential they see in agent-based AI.
Proposed by a leading investor Embrace the AI bubbleIt may seem counterintuitive. “If you think you can still grow 5x, 10x, you should probably still invest,” he said. Elad Gila large solo VC and foundation model company. Ilya Hushman Kleiner Perkins was similarly optimistic. When a technology cycle is trending up, “it’s always a bubble,” he said in an onstage conversation with Gill.
Of course the VCs were talking about their books. But it wasn’t hard to see where that optimism was coming from. The Foundation model was still considered a market maker. Off-the-record chatter from the audience raised the question of whether OpenAI’s ChatGPT minor update indicated a new version of Gemini could be imminent. The news broke today Mira Murati Thinking Machines Lab is seeking a new funding round at the following valuations: 50 billion dollars.
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mike kriegerThe co-founder of Instagram, who now runs product at Anthropic, offered some thoughtful insight into how the up-and-coming foundation model company is thinking about relationships with application providers, a big topic in the agent era.
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Replit’s Amjad Massad We detailed how “vibecoding” is more than enabling anyone to build software. In fact, this tool allows businesses to build agents on the fly, creating tremendous value for their customers.
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box founder Aaron LevyThe cloud content management company is the type of SaaS company that is said to be facing a deadly threat from AI, but on the contrary, Agent said it can help customers unlock the huge power of SaaS software that most of them have little exposure to.
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parag agrawal, The former CEO of Twitter is also among those building the infrastructure for the upcoming agent army. His startup Parallel Web Systems, which builds customized web APIs for agents, announced a new service. $100 million funding round His stage appearance was led by Kleiner Perkins and Index Ventures.
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Andy KonwinskiThe man, who made his name as a co-founder of Databricks and Perplexity and launched venture fund Laude last year, gave a candid look at how the U.S. is at risk of losing the AI race to China due to disinvestment in academic research.
Despite the good vibes, it was clear from the on-stage discussions that much work still needs to be done to ensure agents are trusted enough for critical business functions and competent enough to collaborate with other agents in performing complex tasks. Only if that happens will enterprise customers be willing to shell out big bucks from the experiment.
There was also little agreement on some big questions, such as what the key AI interfaces of the future will look like and where open source LLMs fit into the infrastructure stack.
We pinpointed the AI hype with a pre-event survey. While many of the guests were bullish on stage about the speed of AI improvements, some were more cautious in private. Answer to the question: What will OpenAI’s revenue be in 2026 (currently expected in 2026) 20 billion dollars Looking ahead to 2025), respondents predicted that the AI giant’s revenue would increase by only $10 billion. This is a significant increase in almost any context outside of our current AI moment. View the full survey results here.
I was happy that the mayor of San Francisco came. daniel lurie Let’s discuss how AI capital is emerging. marc benioff Nevertheless. Even City Hall employees are incorporating it into their daily work, Lurie said. We didn’t have to convince ourselves much. We are already looking forward to the next event at the center of the AI universe.
Cerebral Valley AI Summit is co-sponsored by Newcomer and Volley.
We would like to thank our sponsors IREN, Oracle, Nvidia, Kleiner Perkins, Index Ventures, Fluidstack, Crusoe, Nebius, Wilson Sonsini, SamsungNEXT, Brex, Alexa Fund, MongoDB, Deloitte, Rackhouse Venture Capital, HumanX, Sapphire Ventures, Stripe, and Dell Technologies Capital.
newcomer Subscribers can scroll down to see a complete breakdown of yesterday’s on-stage content.
