361Firm AI Update #6 (Feb. 11, 2025)

This meeting discussed various aspects of AI and its impact on global economies. Key points included the rise of decentralized and modular AI, the importance of data sovereignty, and the potential for AI to democratize intelligence. The discussion highlighted the role of AI in sectors like healthcare and energy, and the potential for AI to drive productivity improvements. The meeting concluded with a focus on the upcoming World with Purpose event in Riyadh, emphasizing its role in fostering global partnerships and technological innovation. We discussed the evolving landscape of AI, emphasizing the need for decentralized, personalized AI networks. Cheryl Cunningham highlighted the potential of AI to democratize intelligence, especially in underserved regions like Africa. Michael Hammer raised concerns about AI's impact on critical thinking. Nick Davidov noted the rapid efficiency gains in AI, and Gerod noted costs dropping 10% annually. De Kai warned against overestimating current AI's energy consumption, predicting future models will require less energy. The discussion also touched on the investment landscape, with a focus on small, innovative AI companies and the potential for significant breakthroughs in AI efficiency and application. Issues & Risks -Deep Seek: Concerns about its impact on the AI landscape and potential security implications. -AI Energy Consumption: Conflicting views on whether AI will require more or less energy in the future. -AI Investment: Concerns about concentration of wealth in large AI companies and the need for more funding for smaller, innovative startups. -AI Safety and Control: Discussions about the challenges of controlling and regulating AI development. -Data Privacy and Bias: Concerns about AI systems manipulating information and introducing biases. Next steps -Bill and Mark to discuss AI-related questions for an upcoming survey. -Participants encouraged to fill out a form for the Riyadh event if interested in attending. -De Kai invited participants to follow his substack for more detailed follow-up on AI developments. Questions discussed -"How is it that for the likes of the perception and reality and public expression of dislike from the US administration and the like towards China and China security as it relates to tech?" -"What is the rate presently, right now, in sort of computer processing efficiency, and was deep seek a far more efficient sort of processing, or computer quantitative process, moving thing?" -"What about the children? What should our children be studying?" --- 360 One Firm (361Firm) is an independent global platform to collaborate on investments & philanthropies by/for family offices, institutional investors, and thought leaders. We collaborate across asset classes, industries and borders, in funds and direct (co-)investments as well as in both impact and charitable organizations and causes. Co-founded by ex-Andersen partners, we have a collaborative "one firm"​ culture, tailored to family offices who can add extraordinary value from industry experience and relationships. We believe in active engagement, facilitated by Weekly Briefing Roundtables, "Deep Dive" (web) conferences, and monthly Global Conferences (www.361firm.com/subs). Website: http://www.361firm.com/home LinkedIn: https://www.linkedin.com/company/360onefirm/ Important Notice for 361Firm Events: Rule #1: Teach. No Pitching or Politics. Our 361 forums are designed to facilitate connecting and open, respectful discussions and sharing of data, macro-level ideas, strategies, and insights across industries, asset classes, regions, philanthropies, or other topics. It is prohibited to discuss specific investment offerings or products in these events or our App, but of course you build relationships that can organically lead to offline discussions. 360 One Firm Capital LLC (361Firm) may include in these materials or events companies (1) in which 361Firm may have invested in or alongside and/or (2) which are clients for which 361Firm could earn a fee from raising capital or connecting to talent or strategic partners. www.youtube.com/361firm (the “361Firm YouTube Channel") is operated by 361Firm, a privately held limited liability company registered in the State of Delaware. 361Firm provides strategic and financial services. 361Firm offers Securities through Finalis Securities LLC Member FINRA (https://www.finra.org/) / SIPC (https://www.sipc.org/). 361Firm and Finalis Securities LLC are separate, unaffiliated entities.