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1947 Rise ☀️: 334
Sam Altman, Chamath, Sequoia & more!
1. Sam Altman not the last word on India’s AI aspirations: Rajeev Chandrasekhar
Sam Altman is a bright man who certainly has done a lot of work in OpenAI. And he has to be respected for his work. But we should not consider him anything other than an important man in AI. He’s certainly not going to be the last word on what India’s aspirations for AI are going to be.
We will take Sam Altman’s comments with the respect that it deserves. But to assume that everything he says or does is exactly what Indian startups are going to do is to miss the point. I think there are many areas that Sam Altman and I are never going to agree on,” the minister said.
2. China is uninvestable, but surprised that Sequoia left India: Chamath
On his podcast ‘All-In’ with co-hosts Jason Calacanis, David Sacks, and David Friedberg, Palihapitiya questioned the venture capital firm’s decision to leave one of the world’s fastest-growing economies.
Palihapitiya said that while he could understand Sequoia’s decision to exit from China since the country is “largely uninvestable for the next 30–40 years,” he “was surprised about why they would allow India to leave.”
Palihapitiya emphasised that India’s economy is growing at 6 percent per year, and it would have been advantageous for Sequoia to keep its Indian counterpart attached to the global brand, as a differentiator from competitors.
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Worth your attention
Indifi Technologies raises $35 million in Series E round led by ICICI Ventures Link
HealthifyMe raises $30 million in pre-series D round via convertible notes Link
Indian SaaS industry to reach $26 billion in revenues by 2026: Report Link
Startup Street: A harsh funding winter will push many startups into shape Link
OpenAI is looking to fund Indian startups: Sam Altman Link