Cointime

Download App
iOS & Android

Investing in Quora and Poe

Since the release of ChatGPT, development of and interest in generative AI have exploded. Each week brings more model releases and additional tools, and Silicon Valley insiders, early adopters, and tech power users have flocked to Discord servers, registered for betas, and actively sought out ways to get their hands on the latest in AI.

But to date, the average consumer’s exposure to AI has typically been limited to playing around with ChatGPT or new generative AI features within existing applications and tools. The same thing that excites those of us in tech—the proliferation of models, GPU efficiency gains, open source, and finetuning smaller, specialized models—is just plain daunting for the average consumer. We believe there won’t be one model to rule them all, and we will need many models across various modes and use cases. But currently, there are just too many models across too many different user interfaces to drive AI-native tool adoption. For AI to cross the chasm and reach the 5B+ global internet users, it needs to be more intuitive and more accessible.

That’s why we’re so excited to share that we’ve invested in Quora, the creator of Poe. Where other AI companies are focused on building the best model, Poe has a two-fold mission: 1) be the best way for consumers to interact with a variety of AI products in the same workflow and 2) be the easiest way for a developer to build a multi-modal AI product and reach a mass audience, whether prompting an existing model to create a bot or training a model themselves.

To accomplish this, Poe has already created a compelling aggregation layer for both text and image AI models, including ChatGPT, GPT-4 and DALL-E 3 from OpenAI, Claude Instant and Claude 2 from Anthropic, Mistral, StableDiffusionXL, Gemini and PaLM from Google, Llama 2 from Meta, and many others. Poe then provides a user interface to make it easy to discover new AI tools and for users to create a custom set of their favorite tools from across various models. Why use one platform with one model when you can have a platform for all of them for $20 per month?

Perhaps even more compelling, similar to what Roblox did for gaming, Poe is building tools for creators to modify existing models in order to unleash the creativity in the long tail of people who want to build AI, but don’t have the resources themselves to build models. Roblox created the game engine, providing distribution, trust and safety, infrastructure, and the opportunity for creators to earn a living. The result was a powerful network effect—the more the creators built, the more users came to play with those creations. The more users come, the more creators it attracts.

Poe’s creator tools are in the early stages of development but offer benefits similar to Roblox, including multi-platform infrastructure, discovery, and the ability for bot creators to generate revenue. Already, Poe shows signs of increasing returns to scale. Currently, Poe is one of the top 5 largest generative AI-related properties, and creators have built 1M+ bots on Poe the platform. With this latest round of funding, Quora plans to further help AI creators and developers monetize their creations.

Adam D’Angelo, founder of Quora and Poe, is one of a rarefied group of founders who have successfully built a consumer internet company with hundreds of millions of monthly active users. Adam has been early to the AI wave, just as he was with software and user-generated content, and every time we talk I come away impressed with his deep technical knowledge of AI as well as an understanding of what is missing in the market. One of our early bonding moments was over the concept of increasing returns to scale—a theory that underpins Poe’s competitive advantage.

Poe has the added advantage of being able to tap the Quora community of 400M+ users looking for knowledge and expertise. Poe is the logical evolution for these people to find and interact with information, giving Poe distinctive advantages where AI and human expertise intersect and providing a unique distribution channel. Adam and his team are already moving fast, having launched apps for iOS, Android and Windows, supporting multiple languages, threading, PDF summaries, multimodal, and creator monetization, among many other features.

With plenty more great things to come, I am thrilled that a16z Growth led Poe’s latest round of funding and I joined their board as they bring generative AI to the masses. For anyone interested in creating a bot and participating in the ecosystem, you can learn more at developer.poe.com. And for anyone who hasn’t yet tried Poe as a user, you can get started at poe.com

AI
Comments

All Comments

Recommended for you

  • Tether makes a $100 million strategic equity investment in Anchorage Digital

    Tether announced a $100 million strategic equity investment in Anchorage Digital. Anchorage Digital Bank N.A. is the first federally regulated digital asset bank in the United States, providing staking, custody, governance, settlement, and stablecoin issuance services to global institutions and innovators to promote the shared goal of advancing the next phase of digital asset applications.

  • ETH falls below $2100

    the market shows ETH fell below $2100, currently at $2099.68, with a 24-hour decline of 7.97%. The market is highly volatile, please manage your risk accordingly.

  • U.S. Labor Department: Non-farm payrolls will be released on February 11, CPI data will be released on February 13.

     U.S. Bureau of Labor Statistics has rescheduled the release date of the January non-farm payroll report to February 11; the January CPI report release date has been rescheduled to February 13. In addition, the December Job Openings and Labor Turnover Survey report will be released on February 5.

  • Bloomberg ETF analysts: ETF funds showed high stability during the Bitcoin decline, with 94% of holdings remaining stable.

     Bloomberg ETF analyst Eric Balchunas stated that despite Bitcoin experiencing a significant pullback of about 40% and some investors still being at a floating loss, only about 6% of assets in Bitcoin ETFs have been withdrawn, with approximately 94% of funds remaining, indicating that ETF investors' holdings remain relatively resilient.

  • An entity sold a large amount of ETH on Hyperliquid to repay its Aave loans held in 11 wallets.

     according to MLM monitoring, an entity has been selling a large amount of ETH on Hyperliquid to repay its Aave loans in 11 wallets. The entity sold 31,700 ETH (worth $80.8 million) on the Hyperliquid platform in the past 5 hours, bringing the total sales over the past 4 days to 47,000 ETH (worth $120 million). It is reported that the entity deposited 49,600 ETH (worth $112 million) into the Aave account and borrowed $86 million USDC against it as collateral. However, due to the decline in ETH prices, the institution's position is close to liquidation, so it has to continue selling ETH to repay the debt and avoid being fully liquidated.

  • CMC released its January 2026 exchange reserve ranking report, with Binance leading the pack.

    On February 4th, CoinMarketCap released the "Mainstream Crypto Exchange Reserve Rankings Report for January 2026." The data shows that Binance ranks first among mainstream exchanges with a total reserve size of approximately 155.64 billion USD, significantly leading the market. The report indicates that Binance's stablecoin reserves are about 47.47 billion USD, accounting for 30.5%, while Bitcoin-related reserves are about 49.84 billion USD, the highest proportion. The overall asset structure maintains high liquidity and diversification.

  • The US spot Bitcoin ETF saw a net outflow of $269.93 million yesterday.

     according to Trader T's monitoring, the US spot Bitcoin ETF had a net outflow of $269.93 million yesterday.

  • BTC falls below $76,000

    the market shows BTC falling below 76,000 USD, currently at 75,997.97 USD, with a 24-hour decline of 3.42%. The market is highly volatile, please manage your risk accordingly.

  • UBS Group increased its stake in Strategy by 3.23 million shares, bringing its total holdings to 5.76 million shares.

     according to CoinDesk, that Switzerland's largest bank UBS Group increased its holdings by 3.23 million shares in the Bitcoin reserve company Strategy, bringing its total holdings in Strategy to 5.76 million shares (valued at $805 million).

  • Wintermute: This bear market may end faster than previous ones, and the market will most likely recover in the second half of the year.

    Wintermute posted on X stating that it is clear we are already in a bear market, and in fact, it has lasted for some time—especially judging by the performance of altcoins, the extreme concentration of rebounds, and market sentiment on X. However, what makes this bear market different is that it was not triggered by structural collapses like FTX, Luna, or 3AC, but rather driven by macroeconomic conditions and cyclical trend changes, representing a relatively natural deleveraging process, with the core driving forces being changes in positions, risk appetite, and market narratives.