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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MISCELLANEOUS

TLDR

THREE-QUARTERS OF FOUNDERS IN THE LATEST Y COMBINATOR COHORT ARE WORKING ON AI STARTUPS

Of the 208 startups currently listed in Y Combinator's S24 startup directory, 156 are working on AI-related products. Nearly half of all US venture capital investment went to AI companies last quarter. It is unclear whether Y Combinator is deliberately selecting startups that are working in the space, if more founders are choosing to work in AI, or if startups are just saying that their product is AI-related because they think that's what investors or customers want to hear. Only 33 Y Combinator startups were related to crypto and Web3 in 2022, when the technology was the hottest thing to work on.

UBER WILL WIN SELF-DRIVING

While Lyft has been working on innovative features for riders, Uber's focus in the US has been on supply. With self-driving cars, the platform power shift will be in the direction of who controls the demand - most people who own self-driving cars will rent out their cars to the platform that has the most demand for it. Uber will have the most types of vehicles available and more flexibility in terms of how much it can charge. It owns the most demand worldwide today, and self-driving will make it even more dominant.

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