His firm made the first external investment into OpenAI, the company behind ChatGPT, a US$50 million cheque for a 5% stake in 2019.
Khosla said AI was impacting every company and industry.
“It doesn’t matter whether you’re designing new seeds for crops or grasses in New Zealand, or you’re designing [the] best jet aircraft.
“No matter where you look, AI will have an impact.”
He had publicly warned that AI could have utopian or dystopian outcomes and that most AI ventures would fail to make money.
“So the important thing if you’re an investor in these areas is to be in the best ones, and trying to be a participant in the most attractive opportunities.”
Khosla Ventures has invested in New Zealand companies including Rocket Lab, Lanzatech and Leaft Foods.
Watch Vinod Khosla discuss his investments in AI and its potential outcomes, including how the value it creates should be shared across economies.
Madison Malone travelled to the United States with support from the NZUS Council Media Fellowship programme. The council is committed to advancing New Zealand’s shared interests with the United States. Find out more about the NZUS council here.
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Disclaimer: The information provided in this programme is of a general nature, and is not intended to be personalised financial advice. We encourage you to seek appropriate advice from a qualified professional to suit your individual circumstances.
Madison Malone (nee Reidy) is host and executive producer of the investment show Markets with Madison. She joined the Herald in 2022 after working in investment, and has covered business and economics for television and radio broadcasters.
