Transcript
Varen Maria (0:01)
The next frontier in artificial intelligence isn't just better models, it's better infrastructure. Join McKinsey at the break to hear why tomorrow's AI winners aren't focused only on the next big algorithms, but also on what's powering them.
Bell Lin (0:19)
Welcome to Tech News briefing. It's Tuesday, December 23rd. I'm Bell Lin for the Wall Street Journal. It seems tech founders are getting younger and younger. Some of them, in fact, are still in their teens. We dig into how some teenage entrepreneurs are well on their way to making it big. Then new technologies are emerging that seek to drastically reduce fatalities and accidents involving drunken drivers. Yet there are some key hurdles holding them back. But first, you might be familiar with tech founders in their 20s, but what about in their teens? It turns out there are plenty of young entrepreneurs out there these days who are still in high school or even younger. WSJ reporter Katie Bindley joins us now to tell us about some of the youngest new founders who are already pitching venture capitalists and gaining customers. Katie, you write about these young and hungry tech founders who increasingly happen to be teenagers. Tell us how they're building their companies.
Katie Bindley (1:29)
So each of them has a different area of interest. AI is certainly a theme they all have in common. So I spoke with one 15 year old who has built a platform that basically produces financial reports about small and mid cap companies. So he's using AI models to generate these reports and then people might use it to just learn more about a company. And then another one, he got his start selling hard to find candy in Singapore to his classmates. And so that got him experience in learning about distribution chains and whatnot. And he ended up actually applying to Y Combinator and was accepted as a 16 year old. And his current startup is basically like a produce distribution company and they are using AI to basically forecast inventory for grocers. And then the company basically gets the produce directly from farmers. They have a warehouse and then they're delivering it to the grocers.
Bell Lin (2:32)
I can't imagine that it's all smooth sailing though. Just like founders who are much older than them or just a little bit older than them face hurdles. What are some of the issues or challenges that these teenage founders face?
Katie Bindley (2:44)
Well, one of them is still in high school, another one is in eighth grade. So they're juggling schoolwork while trying to build these companies and then they're certainly learning a lot. I spoke with a 14 year old from Sydney, Australia who this idea for a gamified education app, then he realized that it probably wouldn't scale and he'd mentioned the app had a good why he thought it was like a worthwhile endeavor from that perspective, but he didn't think it was actually going to be able to grow into something. And so now he's pivoted to a different idea.
