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Ash Fontana of Zetta Venture Partners joins Nick on a special Crisis Coverage installment to discuss The AI Investing Playbook; Why "Dev Tools" for Data Scientists is the Next Great Opportunity; When Fund Returns Don't Fit the Power Law; and Ash's Favorite Investment Heuristic from Naval Ravikant. In this episode, we cover: Zetta III was announced recently, a $180M fund for founders building AI-first companies. You went from $60M -> $125M -> $180M... how was the fundraise different this time around? Quickly can you give us your definition of an AI-first company? What will you be doing differently with the new fund and how does the pandemic affect your approach? Tom Tunguz just mentioned that in the data they're analyzing they are seeing a drop in spend on Machine Learning Infrastructure.  How much of a concern is this to you and your portfolio companies? With the launch of the new fund, you outline focus areas both Applications as well as infrastructure and tools...Is the application-layer ready to leverage