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I'm Varun, and this is a show where we get about the future of tech, entertainment and business. While other podcasts scratch the surface, I think it is important to meet the best people in their fields and go much deeper. Today, on the set, we have none other than the man who’s turning text into video. Ashray Malhotra, founder of Rephrase.AI. Ashray Malhotra, the Co-Founder and CEO of Rephrase.ai, leads a company that leverages artificial intelligence to streamline video creation. Prior to his role at Rephrase.ai, he gained experience at notable organizations such as SoundRex, Google, Techstars, and Goldman Sachs. Malhotra is an alumnus of the Indian Institute of Technology, Bombay, where he earned his engineering degree. Rephrase.ai specializes in automating video production through Generative AI. This technology enables users to efficiently broaden their audience reach. The platform offers diverse applications, including the customization of videos for sales purposes, enabling characters to speak in augmented and virtual reality environments, among others. Malhotra's achievements include being listed in Forbes Asia's "30 under 30." He has also participated in several startup accelerator programs. Checkout https://www.oneplus.in/open 00:00 - Highlights 00:46 - Intro 02:00 - Ashray's background and journey with AI 03:32 - Key insights in building AI avatars 05:00 - Learning from customers 07:27 - The challenge of audio vs. video AI 11:43 - Interesting AI avatar applications 14:16 - The use of AI avatars and Deepfakes in politics 17:56 - The challenges of detecting fake AI content 19:55 - The story behind the famous Shah Rukh Khan campaign 26:29 - Shah Rukh Khan's reaction to the AI avatar 27:54 - Key insights from the campaign 28:49 - Predictions on the pace of progress in AI 35:32 - Pessimistic vs. optimistic views of current AI capabilities 41:27 - Open source vs. closed source for the future of AI 47:30 - The importance of distribution over product 48:52 - Avoiding impatience and the importance of compounding 50:36 - Hardware vs. software - where to make bets now 55:43 - Is AI here to stay or a passing fad? 57:11 - Limitations of AI usefulness 59:16 - Advice to young people worried about AI 01:00:08 - End Notes and Gifting Ashray a OnePlus Open 01:00:49 - Outro