"They're All Trying to Build God" | The Future of AI with FirstMark's Matt Turck

Dan Nathan sits down with Matt Turck, Managing Director at First Mark Capital and creator of the annual MAD (Machine Learning, AI & Data) Landscape, for a wide-ranging look at where AI investing stands right now. They cover the power-law dynamics driving venture dollars to a handful of companies, why Nvidia is starting to look like "the bank" of the AI industry, Anthropic's surge past $65 billion in revenue and its first profitable quarter, and how OpenAI, Microsoft, Google, and Meta are each positioning for what comes next. The conversation turns philosophical with a discussion of AGI, superintelligence, and the idea that Altman, Musk, and Amodei are all, in their own ways, trying to build God — before closing with a deep dive into China's AI progress, open source, and the robotics race. Matt also talks about his own podcast, The MAD Podcast, and his Data Driven NYC event series. Show Notes - The MAD Podcast: https://www.youtube.com/c/DataDrivenNYC - The MAD Landscape: https://www.mattturck.com/mad-landscapes - Nvidia Has Become a Banker to the AI Boom, Putting It on Dangerous Ground: https://www.wsj.com/tech/ai/nvidia-has-become-a-banker-to-the-ai-boom-putting-it-on-dangerous-ground-94c03545 - AI 2027: https://ai-2027.com/ - AI 2040: https://ai-2040.com/ Timecodes 0:00 - Intro 2:06 - The MAD Landscape Framework 9:35 - Nvidia Becomes "The Bank" of AI 11:52 - OpenAI vs. Anthropic: $65B and Rising 20:23 - Google, Microsoft & Meta's AI Bets 29:55 - AGI, Superintelligence & Losing Control 35:55 - "They're All Trying to Build God" 41:18 - Investing in AI-Native Startups 56:52 - Is This an AI Bubble? 1:04:19 - China's AI Rise & Robotics — FOLLOW US YouTube: @RiskReversalMedia Instagram: @riskreversalmedia Twitter: @RiskReversal LinkedIn: RiskReversal Media The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.