What It Will Take to Build the Next AI Giant — A VC Founder's Take

In 2018, venture capital firm Antler set up its headquarters in Singapore and has since invested in more than 1,300 startups. In this episode of CNBC's "Beyond the Valley," Antler founder and CEO Magnus Grimeland joins Arjun Kharpal at the Singapore Week of Innovation and Technology (SWITCH) to discuss why he backs great teams over trends, Asia's key role in AI development and why the AI hype is different from the dotcom bubble. 00:10 Magnus Grimeland's Journey in Asia's Tech Ecosystem 02:10 From Zalora to Antler: Decentralizing Global Innovation 04:49 Navigating Opportunities in Asia's Fragmented Ecosystem 08:06 Building World-Leading Companies from Asia's Tech Hub 10:31 AI's Transformative Role in Global Healthcare Access 13:21 Spike, Drive and Grit: Essential Traits for Founders 18:46 Investing in AI: Infrastructure vs. Application Layers 21:41 The Application Layer Will Dwarf AI Infrastructure Value 25:12 Distribution is Key to Defensible Positions in AI 28:27 Why AI Winners Aren't Always the Big Incumbents 30:48 Real Revenues Drive AI Growth, Unlike Dotcom Bubble 36:55 Asia's Potential in the AI Landscape #CNBC #BeyondTheValley #SWITCH ----- Subscribe: @cnbci CNBC International Live: @cnbcinternationalive LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci WhatsApp: https://bit.ly/CNBCiWhatsApp