Venture capitalist Marc Andreessen explains how AI will change the world

Recent breakthroughs in artificial intelligence and machine learning are enabling computers to understand the world and respond intelligently to it. Google is already embracing these technologies for Android, but they're poised to have bigger implications, touching everything from drones to medical diagnosis. He made his fortune as co-founder of Netscape two decades ago, and more recently his firm has invested in successful companies like Facebook, Twitter, Airbnb, Slack, and Lyft. Andreessen is in constant contact with entrepreneurs and investors trying to build the next great technology company. Andreessen argues that recent breakthroughs mean artificial intelligence has the potential to spawn a new generation of big, important technology companies. At the same time, he acknowledges that certain industries have proven stubbornly resistant to technological change -- and he argues that more work is needed to bring the power of software to every corner of the economy. We spoke by phone in late September.