What if AI could design the chips that power the next generation of AI? That’s the vision behind @RicursiveAI, an AI-driven semiconductor design platform that uses reinforcement learning to compress the chip development process from years to weeks. We led their $300M Series A in January, and Co-Founders @annadgoldie and @Azaliamirh went in-depth about Ricursive and the future of AI-driven chip design in this episode of The Investment Memo with Lightspeed partner @guruchahal. 0:00 Welcome, Anna Goldie and Azalia Mirhoseini! 3:10 How the Idea for AI Chip Design Started 4:58 How They Expanded From Software to Chip Design 5:27 Turning the Idea Into a Google Moonshot 7:20 When Google Leadership Realized the Potential 10:35 Why Physical Design Is the Hardest Part of Chip Design 13:51 The 3-Phase Vision for the Future of Chip Design 17:51 Market Opportunity & Industry Disruption 20:24 The “Designless” Future of Hardware 22:04 Speed, Innovation & AI-Driven Exploration 21:00 The Role of Engineers in an AI-Driven Future 24:22 The Founders’ Unique Partnership Story 25:44 How They Hire World-Class Talent 27:05 Choosing the Right Investors 30:42 Advice for AI Researchers & Founders 33:16 What’s Most Important in the Next 12 months?