Theory Venture’s Tomasz Tunguz unveils 2024 predictions: AI dominance, resurging Web3, and the new normal of tech investments
https://techcrunch.com/2024/01/04/theory-ventures-tomasz-tunguz-unveils-2024-predictions-ai-dominance-resurging-web3-and-the-new-normal-of-tech-investments/
At the end of 2022, like many, I made some predictions about what 2023 would bring to the technology investing ecosystem. Namely, the Fed would tame inflation, and the fundraising market would thaw, but overall, claiming that 2023 would be the first year of a “new normal” era for the markets and that machine learning would permeate most of the workflow software operators use today.
Fast forward a year later, and we’re entering our second year of the post-pandemic economy. The state of venture capital investing and technology battle several factors, some of which are 2023 repeats and some brand new, including but not limited to higher interest rates, a more challenging market that demands better product-market fit, and, of course, the rapidly evolving state of AI.