Apr 12, 2026

20VC: DeepMind’s Demis Hassabis on AGI, Scaling Laws, and the 10x Industrial Revolution

Insightfulness Score: 7.2 / 10.0 "I sometimes quantify like AGI, the coming of AGI is like 10 times the industrial revolution at 10 times the speed. So unfolding over a decade instead of a century." One-Liner Takeaway: Hassabis bets AGI arrives within five years and says only labs that can invent new algorithms will survive — but days later, Anthropic's Mythos proved the frontier is moving faster than even he let on. TL;DR Demis Hassabis makes his clearest case that AGI arrives within five years and that the AI race is shifting from compute to algorithmic originality. He coins "jagged...

Read Apr 1, 2026

20VC: “Anthropic Wipes Billions Off Markets: Citrini Research — The Ultimate Breakdown: Agents, Ghost GDP, Consumer Spend”

TL;DR Three investors wrestle with AI's impact on software valuations in real-time. The Fortnite circle metaphor wins: AI shrinks every software company's territory incrementally, and the only defense is owning the dominant agent in your category. Ghost GDP — productivity that accrues to equity holders, not consumers — is the right concern on the wrong timeline. Momentum has been the only working investment strategy, but Atlassian at -75% with accelerating revenue is the best value dislocation on the board. The PE-backed SaaS graveyard is heading for forced Frankenstein roll-ups. And Jack Altman giving up solo GP independence for Benchmark tells...

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