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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MISCELLANEOUS

TLDR

GOOGLE CEO SUNDAR PICHAI ON AI-POWERED SEARCH AND THE FUTURE OF THE WEB

This article contains an interview with Google CEO Sundar Pichai conducted the day after the Google I/O developer conference last week. Google is building AI into virtually all of its products. The company is currently rolling out AI Overviews in Search, a move that will change the internet ecosystem as we know it. Pichai says that injecting AI into Search is about creating value for users and that users are clicking on links at higher rates in the AI previews. There is a deep tension between Google's vision for the future and the very real fears and anxieties creators and website owners are feeling about how search has changed and how AI might change the internet forever.

TAKING RISK

Startup founders in the US imagine the range of possible scenarios and pitch the top one percent outcome. This approach matches what venture Capitalists are looking for - it's an industry based on outlier returns. While most investments will fail completely, some will make a modest return, and a small percentage will be worth a thousand times what was paid initially - these successes easily pay for all of the other failures. The downside of early-stage investing is losing 1x your money, but the upside is that you make 1,000x - this is where you should focus your attention.

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