Part 2/8:
The draft is a follow-up to a similar event held the previous year, where participants selected a range of private companies in AI. Newcomer takes a moment to recap the past year, hinting at his strong position from the last draft, bolstered significantly by his initial pick of OpenAI, which came with a hefty $75 billion handicap—though it paid off handsomely.
Explaining the Draft Rules
James lays out the rules governing this competitive selection process, emphasizing its complexity. Here’s how it works: each participant drafts a team of AI companies that, by the end of 2028, will hold the highest aggregate market value, factoring in private market valuations, exits, or initial public offerings (IPOs).