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Ben Horowitz
Co-founder of Andreessen Horowitz, Andreessen Horowitz

A Conversation with Ben Horowitz

📅 Feb 22, 2026 The Innermost Loop with Dr. Alex Wissner-Gross 9 MIN 494 VIEWS 15 SEGMENTS · 3 SPEAKERS
Ben Horowitz is the cofounder of Andreessen Horowitz (a16z), which recently became the largest American venture capital firm by assets under management. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theinnermostloop.substack.com (https://theinnermostloop.substack.com...)

Questions asked in this interview

7
  1. 0:24And what would you have done differently then if you had been in charge, Ben?
  2. 2:30How would you fix the world, Ben?
  3. 3:20Do you have a take on this idea in the spirit of 996 that there's a finite window for say entry-level people just graduating from college to earn whatever they're going to earn before they're permanently sentenced to an underclass, Ben?
  4. 4:30Assuming that's the case, do you view investing in your crypto funds almost as an AI investment to the extent that you think crypto is the AI native way of engaging in commerce, Ben?
  5. 5:47What is your take on whether the conventional banking system has failed the AIs, Ben?
  6. 6:55Like AI solves physics or AI solves chemistry and it's just a single system that solves an entire discipline, Ben?
  7. 8:48What does solving physics with AI even look like?
Narrator 0:00 ↗
A conversation with Ben Horowitz. Ben Horowitz is the co-founder of Andreessen Horowitz, a16z, which recently became the largest American venture capital firm by Assets Under Management. These are excerpts from our recent conversation recorded on February 13th, 2026, which have been lightly edited for clarity on government classification of AI, math, and physics.
Interviewer 0:24 ↗
Alex, I have to ask you this question. You and Mark Andre towards the end of the last administration were very publicly making comments that you took a meeting at the White House. And if I'm relaying the comments accurately, you were dismayed to hear about plans to classify AI progress just like advances in math and fundamental physics had been purportedly classified or overclassified for decades. And I'm curious at a few levels. One, if that's accurately characterizing what you heard, what do you think was classified? What do you think was the impact on the economy and the world from such classification or overclassification of math and fundamental physics? And what would you have done differently then if you had been in charge, Ben?
Ben Horowitz 1:08 ↗
Yeah. So I can tell you what was said. I said look, you know, I was trying to be pragmatic. I said at the core AI is math. That is what it's doing. It's math. So if you start restricting the models and you start regulating the models, you're just regulating math. You're outlawing math in some way. Either you're outlawing parts of math or you're saying you can't do enough math. And the White House official goes, 'Yes, we can do that.' That was his answer. He goes, 'Yes, we can do that. We did that in the '40s around nuclear physics, and some of that stuff is still classified today.' And one, I was shocked. My jaw hit the floor. I was like, 'Wow, that's crazy.' And then this classification of AI would be even crazier. I don't know what it was in physics that remains classified today, but I'll just make this comment. If you look at the progress in the US and in the world in fundamental physics up until the Einstein and John von Neumann era, and then compare it with progress since then, it's pretty startling how little progress we've made. I would just say that many of the fundamental physics ideas that have come since then don't seem to work. And hopefully, we'll get to the other side of that lack of progress in fundamental physics with AI figuring things out. But I do wonder, did we put something away through overclassification that we knew that would have unlocked some of the fundamental physics problems we're trying to solve?
Interviewer 2:30 ↗
Now, Alex, that's fascinating. That is for the record what I assumed you meant and or heard or inferred. So, if I may, the second part of the question, what would you do going forward now if you knew for a fact that such classification of fundamental physics had in fact happened? How would you fix the world, Ben?
Ben Horowitz 2:50 ↗
I really don't know what they did, but look, I just think that stopping physics. It didn't work, right? The Russians did get the bomb, including the exact trigger mechanism, which was the most proprietary thing. They got exact part for part, the whole thing. They were able to get it from us despite all this classification and whatnot. So, it didn't do anything positive. And restricting knowledge, I just think that's a very dangerous idea in general on escaping an AI induced permanent underclass.
Interviewer 3:20 ↗
Alex, Ben, there was a bit of a hot take going around social media in the past two weeks from a mid-level executive at a Frontier lab telling people that they had approximately two years left and that they had a window to secure employment at all before AI would just completely shut down all of their vertical mobility. Do you have a take on this idea in the spirit of 996 that there's a finite window for say entry-level people just graduating from college to earn whatever they're going to earn before they're permanently sentenced to an underclass, Ben?
Ben Horowitz 3:50 ↗
I think that's very incorrect because of the thing that we talked about earlier where everybody can be an entrepreneur. I think if you look at it through the lens of this is an industrial revolution economic model and there's workers and there's capital, then yes, that would be true. But I think that in an AI age society for the people with initiative, I just think there's going to continue to be unlimited opportunity to even set up an army of AI agents to go work for you and do useful things and will have lots of consumers. I think that the idea that we're going to run out of ideas and only the big AI is going to do everything, I disagree with that.

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Cite this transcript

APA, MLA, BibTeX
APA

Horowitz, B. (2026, February 22). A Conversation with Ben Horowitz [Interview transcript]. The Innermost Loop with Dr. Alex Wissner-Gross. CEOInterviews.AI. https://ceointerviews.ai/interview/719361/

MLA

Ben Horowitz. "A Conversation with Ben Horowitz." The Innermost Loop with Dr. Alex Wissner-Gross, 22 Feb. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/719361/.

BibTeX
@misc{horowitz2026_719361,
  author       = {Ben Horowitz},
  title        = {A Conversation with Ben Horowitz},
  howpublished = {Interview transcript, The Innermost Loop with Dr. Alex Wissner-Gross. CEOInterviews.AI},
  year         = {2026},
  month        = {feb},
  url          = {https://ceointerviews.ai/interview/719361/},
  note         = {Speaker-attributed transcript with timestamps}
}