Living in the frenzied Bay Area world, where every few years a new trillion dollar company seems to emerge (nVidia, Apple, Google, and Meta have their headquarters within a short distance from my house), hifi is not a business that would traditionally have attracted the major VC firms here on Page Mill road (near Stanford, the nerve center of the Bay Area VC business).
But generative AI technology is one of those once in a generation disruptive technologies that will completely redefine the creative industries (cinema, music, audio and much more). Vast sums of money are pouring in, literally billions each and every day. Streaming will be completely revolutionized by generative AI in the next few years as will every aspect of making movies, creating music and art etc. if you have seen Open AI’s text to video demo called Sora, it sent shockwaves through Hollywood. Literally anyone sitting in their armchair can create video sequences that would previously have taken an army of special effect engineers, extras and location shooting that would have cost studios many millions of dollars. It roughly takes 5-10 million dollars to shoot every minute of an action film. Wham, now it costs almost nothing!
Generative AI will redefine the hifi industry as it will completely change the way people consume music.
