When it comes to AI’s impact on entertainment, Carter Reum, Jeffrey Evans and
@andrewchen agreed: it will likely change the art we consume in ways we can’t even predict yet.
“It’s so early, it’s not even inning one,” Jeffrey, a general partner at
@mantisVC, said.
But they were willing to share their early insights on where the convergence of AI and entertainment could go.
New AI tools will certainly disrupt the state of entertainment, and will likely “democratize creativity,” Carter, a general partner at
@M13Company, said.
As a creator, “if you are funny, or you have an idea … you don’t have to have Pixar behind you” to create a final product, he said. Individual creators will be able to make video at a lower cost and more easily.
Carter, Jeffrey and Andrew joined
@HSBC's Dave Sabow at L.A. Tech Week, to discuss the future of entertainment in Los Angeles and beyond.
Although Andrew agreed it remains early days for AI’s impact on the entertainment industry, he believes video and other content we consume will become increasingly interactive as a result.
“There’s going to be a successor media format that will be even more engaging than what we have now,” he said, noting he believes it will be more personalized and more game-like.
“We may not call it gaming, but it’s much more likely to be that than an extension of the linear storytelling formats we have now.”
Carter and Jeffrey both advised founders in the space that the industry is changing so quickly, they have to be constantly alert about subtle changes that might indicate which companies will be successful and which won’t.
“Every founder has to have a microscope in one eye and a telescope in the other,” Carter said, meaning they have to pay attention to the details of what they’re working on, but also remain aware of macro changes happening in the space.
“There will be companies that seem like they’re out of the woods, and then they’re just done,” he said.
Jeffrey said he asks founders innovating in AI, and particularly those working on AI agents, an important question: “If you expand the market, is that good for you? Or is there a chance if it expands the market, it just overwhelms you?” That’s a crucial indicator of whether he’ll invest, he said.
For more insights from L.A. Tech Week, follow
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@andrewchen.