Deedy Das moderates Kanu Gulati, Chris Farmer, and Sheel Mohnot in a wide-ranging discussion about AI’s accelerating capabilities and the investment opportunities—and risks—that follow. The panel considers OpenAI’s mathematics progress, formalizing taxes and financial code, the need for real-world experiments, and whether startups can compete with large labs. They debate proprietary data, training-data businesses, founder quality, personal-agent valuations, trust, privacy, systemic risks, venture conflicts, and SaaS’s changing economics. The conversation closes with how investors gather information and what seed investing means amid soaring valuations.