Peechu also predicts that multimodal AI, which integrates text, image, sound, and video into one interface, is the next big thing in AI. He believes that in five years, AI will be the foundational layer of almost everything, and people will no longer say they're investing in AI as it will be a given. The firm's recent fund, announced in March 2023, is worth $825 million.
Key takeaways:
- Felicis, a San Francisco Bay Area-based firm, is actively investing in the next generation of AI companies, with a focus on long-term investments.
- Since 2022, the firm has invested in AI video creation company Runway, AI for software developers company Poolside, open-source database Supabase, and model oversight tool Weights & Biases, among others.
- General partner Sundeep Peechu anticipates a shift towards investing in applications that utilize AI technology to semi-automate services work, with humans providing oversight.
- Peechu believes that in five years, AI will be the foundational layer of almost everything, and it won't be a separate category for investment.