LA Tech Week: The Auctioning of an NFT From AI LA

Andrew Fiouzi
Andrew Fiouzi is an editor at dot.LA. He was previously a features writer at MEL Magazine where he covered masculinity, tech and true crime. His work has been featured in the Los Angeles Times, Long Reads and Vice, among other publications.
LA Tech Week: The Auctioning of an NFT From AI LA
Fun for Funds Festival (Image c/o AI LA)

A Custom Home Built in 33 Days

In the suburbs of Silver Lake, Cover — a technology company that builds custom backyard homes is showcasing their latest, life-size lego abode. Their latest $270,000 accessory dwelling unit (ADU) is built atop a garage on a slanted hill that required some standard contracting work. But other than laying the concrete foundation every other part of this home was built in Cover’s new 80,000 square feet factory in Gardena.

If Tesla was in the home-building business, this is what it would look like.


“Our approach is similar to Tesla,” says Cover’s technological advisor to the CEO Rico Jaeggi. “Start with high-end products then, through scaling we can bring the cost down.” In other words, as a few of their other employees tell me, Cover’s current model is equivalent to Tesla’s roadster.

The idea is to streamline the homebuilding process so that, “if you work an eight-hour job, you never see us in your backyard,” says Jaeggi. In other words, with Cover you’ll never have to worry about seeing a contractor drop a stack of lumber in your backyard then disappear for a few weeks.

The 550 square-foot, single-room home I’m touring was built in 33 days. The bathroom is aseptic and white and the paneling on the ceiling–also white–can be unscrewed and removed like a car bumper in case there’s a leak. Cover co-founder Alexis Rivas tells me that although the homes are built on production lines using algorithms, the layouts are custom.

“You can move the door to this side of the home and you can put the bathroom and the kitchen anywhere you want,” he adds.

On my way out, the valet attendant who works in construction asks what I thought of the house. I tell him it looks good. That his job might soon be automated and, instead of laboring in the sun, he may be working behind a computer for a software company. He looks at me like I just told him he’s had a death in the family. Then he shakes his head. “Nah man,” he says. “That ain’t me.”

The VC Fund in Silver Lake

Inside a small office space that was recently vacated by reselling platform Depop, Worklife Ventures is hosting one of only a handful of L.A. Tech Week events on the Eastside of Los Angeles.

“They [presumably the folks that helped put on L.A. Tech Week] encouraged us to relocate our event to the Westside, but the Eastside is the heart of L.A.,” says Brian Yip, head of marketing at Worklife.

The small studio space looks like what you’d imagine from a V.C. fund aiming for some Silver Lake street cred: a panel of vinyl records, recessed ceilings coated in yellow paint and a Cup Noodles placard the size of a movie poster hanging on the wall. The event is jam-packed and Nelly’s “Country Grammar” blaring through the speakers makes it difficult to hear anyone say anything.

Currently, the space features merch from Canadian YouTuber Cody Ko. Last month, Yip tells me, they hosted Grailed superseller 4Gseller for an in-person retail pop-up. Worklife, per Yip, is a fund aimed at helping to connect digital communities in real life.

Inside Worklife’s Silver Lake studio, I also meet Joshua Blackwell, founder of Blck Unicrn — a Web3 project he describes as Netflix meets Spotify. Blackwell further explains that the idea is “to bring stories to life via immersive experiences and through augmented reality.” For example, he continues, “what if the ‘Thriller’ video kept going and you could be in the house with the zombies?” In other words, Blackwell says, “the concept is to mix the concert experience with the immersive nature of being inside an escape room.”

His idea sounds promising. If it were me though, I’d maybe consider reframing the pitch.

Auctioning an NFT of an AI’s Interpretation of LA

A few blocks from Downtown Los Angeles’s Skid Row, where roughly 8,000 men and women live in encampments, sits the steel and glass 1010 Wilshire building guarded by a brass Buddha statue as tall as a middling palm tree. On 1010’s labyrinthine rooftop, AI LA is hosting its luxurious $150 per ticket ($250 for V.I.P.) Fun for Funds Festival to promote AI literacy in the city of Los Angeles.

Here, the ills that plague society have been given the NFT treatment: Five 10x4 feet screens display glittering images with a variable backstory. Their similarity to a Microsoft music visualizer circa Windows 2000 is uncanny.

Each screen represents a different district in Los Angeles, something participants learn after they’ve scanned the screen-adjacent QR code. Each district has a 15-second clip from the NFT collection. The first display– or “District 1” as it’s referred to–covers Downtown and East L.A. According to the information drawn from the QR code, the main challenge in District 1 is “access to quality jobs, retail stores and perhaps most importantly—food.”

This being an AI event, the solution, as suggested by the information drawn from the QR code, is reinventing the supply chain “through smart supply systems” and via “AI-based monitoring.”

So what do the mashing molecules on the screen have to do with any of this? James Macion, the data analyst tasked with pulling public data and grouping the data into themes tried his best to put it in terms I can understand.

“For example, District 4 represents racial equity,” says Macion. So Macion pulled data sets related to racial equity: population, education, social depression and language. The data was then given to award-winning independent media studio Ouchhh to create AI-generated NFTs. In other words, the psychedelic renderings are the visual incarnation of the data that tells us everything that’s wrong with our society. The idea, Macion says, was to make the AI-generated art, “homegrown for L.A.”

According to the summary of “District 3’s” future, AI predictive models will play a role in “anticipating housing needs of individuals who are encountering circumstances that may cause them to be unhoused and connecting them to relevant resources before they become unhoused.” This is all to suggest that AI is the future and it’s here to save the world from suffering.

The event is the brainchild of AI LA’s founder, president and executive director Todd Terrazas, who tells me that AI LA’s goal–among other things–is to promote AI literacy to “fewer white guys.” The way he plans to do this is by piloting AI literacy programs in community colleges where students of color comprise 60% of enrollment.

Early in the evening, Terrazas promises that when the sun goes down the screens will change. That they will then display one-of-one NFTs produced by Ouchhh that will soon travel to a Mozilla conference in Hawaii and that the attendants of the AI LA event can bid on to become owners of the NFT.

The other major AI enterprise at the event is Jeremy Fojut’s friendship-finding platform Like|Minded. After diving into psychological research about friendship and personalities, Fojut, also the co-founder of NEWaukee, known for hosting community events in Milwaukee, turned his attention to developing a platform that uses a personality assessment to match individuals within an organization to help them form meaningful connections and increase their engagement within their company.

The algorithm is based on HEXACO, a personality inventory that assesses a person's honesty, emotionality, extraversion, agreeableness, conscientiousness and openness. Fojut promises the algorithm won’t lead to issues oft-associated with group think or conformity since the algorithm “doesn’t define your entire identity, but rather highlights the parts of you that are most present in your worldview and interactions with other people.”

Perhaps even more compelling is Like|Minded’s use in establishing mentorships within organizations by leveraging the inverse of the algorithm to match people, which Fojut refers to as “growth matches.”

An hour or so before nightfall, Stephen Piron is staring at an installation of old TVs of variable sizes displaying the footage of cameras recording different parts of the party. Piron is the founder of Dessa — acquired by Square in 2016 and famous for creating deep fakes, the most notable of which was a Joe Rogan clip that went viral in 2019. Piron is a veteran of the deep learning space and he seems eager to leave this party. But not before he tells me about how he and his colleagues at Dessa tripped and fell onto their AI-generated deep-fake notoriety.

“It was an accident,” he says. They were bored working on projects that helped banks detect fraud, so, he says, “some of us started working on this other thing.”

Near the end of the evening, as promised, the NFT auction begins when the electric-blue NFT graphic transforms into an abstract red, white and black animation. The bidding begins at $500.

“If you don’t buy this for $500,” begins the auctioneer, comedian Alli Goldberg. “You’re a broke bitch and we hate you.”

The bidding on the first of five, one-of-one NFTs reaches $4,300. From the ground floor, I can still hear the auctioneer as I exit the building.

LA’s Upgrade in Travel and NBA Viewing
Image Source: Los Angeles World Airports

🔦 Spotlight

Exciting developments are underway for Los Angeles as the city prepares for major upgrades in both travel and entertainment. The Los Angeles Board of Airport Commissioners has approved an additional $400 million for the Automated People Mover (APM) at LAX, increasing its total budget to $3.34 billion. This boost ensures the elevated train’s completion by December 8, 2025, with service starting in January 2026. For Angelenos, this means a significant improvement in travel convenience. The APM will streamline connections between parking, rental car facilities, and the new Metro transit station, drastically cutting traffic congestion around the airport. Imagine a future without the dreaded 30-minute traffic delays at LAX! The APM will operate 24/7, reducing airport traffic by 42 million vehicle miles annually and carrying 30 million passengers each year, while also creating thousands of local jobs and supporting small businesses.

Meanwhile, the NBA is also making waves with its new broadcasting deals. The league has signed multi-year agreements with ESPN, NBC, and Amazon Prime Video, marking a notable shift in media partnerships. ESPN will maintain its long-standing role, NBC returns as a network broadcaster after years away, and Amazon Prime Video will provide NBA games through its streaming platform. Starting with the 2025-2026 season, these deals will enhance the league's reach and revenue, aligning with the NBA's goal to expand its audience and adapt to evolving viewing habits. Whether you're catching the action on TV or streaming online, these changes promise to elevate the fan experience and bring more basketball excitement to Los Angeles.


🤝 Venture Deals

LA Companies

  • Pearl, a startup that makes AI-powered software that assists dentists in identifying cavities, gum disease, and other dental conditions, raised a $58M Series B funding led by Left Lane Capital with Smash Capital, and others also participating. - learn more

LA Venture Funds

  • Fulcrum Venture Group participated in a prior $3.5M Pre-Seed Round for Code Metal, a developer tools startup. - learn more
  • B Capital co-led a $12.5M Seed Round for Star Catcher, a startup that aims to develop a space-based grid that captures solar energy in space and distributes it to satellites and other space assets. - learn more
  • Mantis VC and Amplify participated in a $140M Series C for Chainguard, an open source security startup. - learn more
  • Prominent LA venture capitalist, Carter Reum and wife, Paris Hilton, participated in a $14M Seed/Series A for W, the men’s personal care brand from Jake Paul. - learn more

LA Exits


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🤫 The Secret to Staying Fit at Your Desk: 6 Essential Under-Desk Exercise Machines

Health experts are sounding the alarm: our sedentary jobs are slowly killing us, yet we can't abandon our desks if we want to keep the lights on. It feels like we're caught between a rock and a hard place. Enter under-desk exercise machines – the overlooked heroes (albeit kind of goofy looking) of the modern workspace. These devices let tech professionals stay active, enhance their health, and increase their productivity, all without stepping away from their screens. Here are 6 fantastic options that will enhance the way you work and workout simultaneously.

DeskCycle Under Desk Bike Pedal Exerciser

This bike has nearly ten thousand five-star reviews on amazon. It works with nearly any desk/chair setup. It is quiet, sturdy and allows up to 40 pounds of resistance. If you are looking for an under-desk bike this is a fantastic option.

Type: Under-Desk Bike

Price: $180 - $200


Sunny Health & Fitness Dual Function Under Desk Pedal Exerciser

This under-desk bike is extremely quiet due to the magnetic resistance making it an ideal option if you work in a shared space. It doesn’t slip, has eight levels of resistance, and the option to work legs and arms. It’s about half the price of the DeskCycle bike making it a solid mid-range option for those looking to increase their daily activity.

Type: Under-Desk Bike

Price: $100 - $110


Sunny Health & Fitness Sitting Under Desk Elliptical

This under-desk elliptical comes in multiple colors if you really want to underscore that you are a quirky individual, in case an under-desk elliptical isn’t enough. This model is a bit heavy (very sturdy), has eight different resistance levels, and has more than nine thousand 5-star reviews.

Type: Under-Desk Elliptical

Price: $120 - $230


DeskCycle Ellipse Leg Exerciser

This under-desk elliptical is another great option. It is a bit pricey but it’s quiet, well-made and has eight resistance levels. It also syncs with your apple watch or fitbit which is a very large perk for those office-wide “step” challenges. Get ready to win.

Type: Under-Desk Elliptical

Price: $220 - $230


Daeyegim Quiet LED Remote Treadmill

If you have a standing desk and are looking to walk and work this is a fantastic option. This walking-only treadmill allows you to walk between 0.5 to 5 mph (or jog unless you have the stride length of an NBA forward). It is very quiet, which is perfect if you want to use it near others or during a meeting. You can’t change the incline or fold it in half but it is great for simply getting in some extra steps during the work day.

Type: Under-Desk Treadmill

Price: $220 - $230


Sunny Health & Fitness Foldable Manual Treadmill

This under-desk treadmill isn’t the most premium model but it is affordable and has an impressive array of features. It is a manual treadmill meaning it doesn’t need to be plugged in; it is foldable and offers an incline up to 13%. I personally can’t imagine working and walking up a 13% incline but if that sounds like your cup of tea, then I truly respect the hustle.

Type: Under-Desk Treadmill

Price: $150 - $200




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🤠Musk Picks Texas and 🔥Tinder AI Picks Your Profile Pictures

🔦 Spotlight

Tinder is altering dating profile creation with its new AI-powered Photo Selector feature, designed to help users choose their most appealing dating profile pictures. This innovative tool employs facial recognition technology to curate a set of up to 10 photos from the user's device, streamlining the often time-consuming process of profile setup. To use the feature, users simply take a selfie within the Tinder app and grant access to their camera roll. The AI then analyzes the photos based on factors like lighting and composition, drawing from Tinder's research on what makes an effective profile picture.

The selection process occurs entirely on the user's device, ensuring privacy and data security. Tinder doesn't collect or store any biometric data or photos beyond those chosen for the profile, and the facial recognition data is deleted once the user exits the feature. This new tool addresses a common pain point for users, as Tinder's research shows that young singles typically spend about 25 to 33 minutes selecting a profile picture. By automating this process, Tinder aims to reduce profile creation time and allow users to focus more on making meaningful connections.

In wholly unrelated news, Elon Musk has announced plans to relocate the headquarters of X (formerly Twitter) and SpaceX from California to Texas. SpaceX will move from Hawthorne to Starbase, while X will shift from San Francisco to Austin. Musk cited concerns about aggressive drug users near X's current headquarters and a new California law regarding gender identity notification in schools as reasons for the move. This decision follows Musk's previous relocation of Tesla's headquarters to Texas in 2021.

🤝 Venture Deals

LA Companies

LA Venture Funds

LA Exits

  • Penguin Random House agreed to acquire comic book publisher Boom! Studios from backers like Walt Disney Co. - learn more

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