Presenter
Avichal Garg, Electric Capital
Avichal is a co-founder and partner on the investment team at Electric Capital. Avichal is a successful serial entrepreneur with executive experience at Google and Facebook, which acquired his previous company in 2012. At Facebook he was Director of Product Management for the Local product group, a team of 400 engineers responsible for billions in revenue. Prior to Electric, Avichal was an investor in crypto projects such as Anchorage, Bitwise, Celo, dYdX, Lightning Labs, and OpenSea and unicorns such as Airtable, Boom Supersonic, Color Genomics, Cruise, Deel, Figma, Material Secutiy, Newfront Insurance, Notion, Nova Credit, and Pulley.
Summary:
Avichal Garg highlights that there may exist a potentially symbiotic relationship between crypto and AI. For example, AI could write distributed applications on crypto networks, while AI bots could use decentralized systems for payments. He argues that there is the potential to grant personhood to AI in small countries, which could lead to jurisdictions effectively allowing non-human organizations to control capital. For him, challenges like deep fakes can be addressed by incorporating cryptographic signatures into human-created media. In conclusion, he highlights the complementary relationship between AI and crypto, emphasizing the potential for significant changes in various sectors as these technologies continue to intersect.
