Vinod Khosla on Silicon Valley Bank collapse
From Khosla Says Fallout of SVB Will Be Felt for Months · · Bloomberg Technology
“I believe what SVB was doing was running a hedge fund based on interest rates inside a bank and that was bad. The fault lies, I believe, to the best of the information I have and that this should be subject to regulation.”
On , Vinod Khosla, Founder at Khosla Ventures, spoke about Silicon Valley Bank collapse during Khosla Says Fallout of SVB Will Be Felt for Months on Bloomberg Technology.
About Vinod Khosla
Vinod Khosla, founder of Khosla Ventures, has recently argued that artificial intelligence will fundamentally reshape labor, healthcare, and energy. He stated that within a few years robotics will have its "ChatGPT moment," reducing the cost of human expertise and labor to a dollar or two an hour. Khosla said AI doctors are already superior to human doctors and predicted that by 2030 only 10% of doctors will be needed. He proposed offering free AI-powered primary care in India for roughly a dollar a month per person. He also expressed optimism that AI could help make fusion energy viable within two years. On policy, Khosla described the U.S. as being in a "techno-economic war" with China and said he wants to be "as hawkish as possible" on technology exports. He called for a single tax rate on capital gains and ordinary income, with the first $100,000 of income exempted for 125 million Americans. Khosla also made remarks about religion, saying he does not understand why rational people believe in God, and criticized the Catholic Church's use of funds. He described himself as favoring a guaranteed basic lifestyle provided by government alongside capitalist opportunity.