
Can AI Predict the Future? with Ben Fielding, Co-Founder and CEO at Gensyn | EP 171
Frictionless with Logan JastremskiShow Notes
Dropping a podcast with @benfielding, Co-Founder and CEO at @gensynai
Ben started his PhD in deep learning in 2015, well before the current wave of attention around AI. In this episode I wanted to walk through how he thinks about the progress we have made, the economics of building bigger models, and what comes next.
We get into why he questions whether the money going into centralized AI will be paid back through product usage, how open models affect that business, and why having customers who keep using your product matters more than staying ahead on a benchmark.
We also walk through how Gensyn has changed. The team moved from focusing on decentralized compute to collecting truthful information from the world. Ben explains why they made that decision and how Delphi uses markets to bring information together and check it against what actually happens.
That leads into forecasting. Ben thinks predicting future events could become a much bigger use of AI. We discuss how models could learn from being right or wrong, why people need a reason to share what they know, and what it would mean to have a probability calculator helping with everyday decisions.
We discuss
- Ben's background in deep learning and how Gensyn started - The economics of bigger AI models and whether the spending makes sense - Open models, competition, and building products people keep using - Why Gensyn moved away from focusing on compute - Verifying machine learning work and making training auditable with open-1b - Delphi, information markets, and learning from real outcomes - Rewarding people for sharing the evidence behind their predictions - Forecasting, better decisions, and where decentralization helps
Timestamps
0:00 – Can AI Predict the Future? 1:14 – Ben Fielding and the Origins of Gensyn 7:26 – Scaling AI Beyond Bigger Clusters 13:29 – Why Startups Can Take a Different Approach 18:49 – Trust and Verifying Machine Learning 23:59 – The Economics of Centralized AI 27:29 – Why Gensyn Moved Away from Compute 31:09 – open-1b and Auditable AI Training 35:47 – Open Models and Closed Labs 43:29 – AI Products, Customers, and Neoclouds 50:13 – From LLMs to Forecasting 53:44 – Training Models to Make Better Predictions 57:10 – Delphi and Information Markets 1:02:26 – Rewarding the Evidence Behind a Prediction 1:04:34 – Where Crypto and AI Actually Overlap 1:11:35 – The Next Wave of AI
Enjoy!
More from Frictionless with Logan Jastremski
Vikram Sekar, writer of Vik's Newsletter and co-host of Semi Doped, joins me to discuss AI agents, memory, and the hardware behind the data center buildout.
Armani Ferrante, Founder and CEO of Backpack, joins me to talk about tokenized stocks and the next phase of global capital markets. We discuss the different tokenization models, why redeemability and liquidity matter, and Backpack's ambition to connect traditional markets with Solana. We also get into the licensed path, Hyperliquid and Kraken, and competing with the largest exchanges. Armani explains the tokenomics of Backpack's own BP token, how growth milestones shape its allocations, and the equity-conversion option he describes for token holders who contribute to the product. We also discuss the corporate treasury and a potential future IPO. Enjoy. 00:00 Highlights 01:26 Armani Ferrante and Backpack 03:18 Why tokenized equities matter 13:05 The different models for tokenized stocks 19:33 Backpack's approach to tokenized stocks 28:58 Backpack's place in the market 31:47 Why Backpack chose the licensed path 35:25 One global liquidity layer 40:00 Hyperliquid, Kraken and derivatives 49:29 Competing with the incumbents 53:47 Why a token launch is a starting point 1:00:04 Backpack's three allocation buckets 1:02:31 The treasury lockup and a potential IPO 1:07:07 The option to convert BP tokens into equity Follow Armani https://x.com/armaniferrante Backpack https://backpack.exchange/
Dropping a podcast with @mdudas, Managing Partner at @6thManVentures
Dropping a podcast with @pequityresearch Mr. P has been doing some great work breaking down the AI buildout and following where hyperscaler capex actually goes. In this episode I wanted to walk through the full stack: logic, memory, power, and networking. We get into why memory could become the largest line item in the AI bill, what old GPU rental prices tell us about compute demand, and where value is going to accrue as the physical constraints get harder to solve. At the center of the conversation is his view that AI spending cannot grow forever. Long-term contracts might change the shape of the next memory downturn, but they don’t eliminate the cycle. And signing a 10-year contract does not mean anyone can actually see 10 years of demand. We also get into why he’s excited about optics, where NAND and HBF fit as agents use more memory, and his views on Chinese open source and the future of US model development. We discuss: Why he thinks 10-year demand visibility is bullshit
Mr. Bubble is world class at explaining very technical concepts in layman terms. In this episode I wanted to chat through the 0 to 1 of the chips, racks, packaging, the memory hierarchy, scaling up and scaling out. We spend a lot of time mapping computer-architecture primitives directly onto the AI factory and examining where value is actually going to accrue as packaging, HBM, and the next memory tier mature. At the center of the conversation is the belief that the bottleneck is no longer designing a faster chip, it is the physical stack from silicon to rack. While the frontier labs settle into a more mature “closed demand” phase focused on their own silicon, their own scale-up domains, and capturing the value themselves. We also get into his view on AI alignment and the future of Labs. We discuss: The 0 to 1 of chips: what actually has to be true before a die is useful Why packaging is the new Moore’s law Racks as the real unit of compute The memory hierarchy after HBM Scaling up vs scaling out, and why they get confused What the labs actually want from the supply chain AI alignment, and whether the labs are aligning the world or just themselves The future of Labs: closed frontier, custom silicon, and who gets the model Timestamps: 0:00 – Introduction & Why Hardware Is the Real AI Conversation 8:00 – 0 to 1 of the Chip 18:00 – Packaging as the New Moore’s Law 28:00 – Racks, Trays, and the Unit of Compute 38:00 – Memory Hierarchy: HBM, DRAM, and the Next Tier 50:00 – Scaling Up vs Scaling Out 1:02:00 – AI Alignment 1:10:00 – The Future of Labs 1:17:00 – Closing Thoughts and Where Value Accrues Next