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MDIA3093 Media Power Week 10: Venture capital—the

political economy of innovation Collin Chua C.Chua@unsw.edu.au

MDIA3093, Term 1 2026 Today’s agenda 1. Presentations. 2. VC, monopoly power, bubbles—the political economy

of innovation.

3. Workshopping A3. MDIA3093, Term 1 2026 Warm-up discussion oIn small groups, discuss the business model of venture

capital. (Feel free to google this.) How does this connect to

what we have been studying in the course What’s the point

of looking at the political economy of innovation Presenters—please sit together. No need to tackle the above;

instead, please get to know each other a bit better, and decide

amongst yourselves the order of your presentations. If you

have a slide deck, please make sure it’s ready to go.

Presentations will proceed after this warm-up. MDIA3093, Term 1 2026 Presentations Format. Each presentation

will have five minutes. At

the end of all the

presentations, we will have

Q&A time. MDIA3093, Term 1 2026 Why look at

VC “…highlighting the financial actors

behind tech revolutions is long

overdue.” (Peters, 2023) MDIA3093, Term 1 2026 Why look at

VC “Whenever we try to get to the

bottom of digital power and start

tracing the steps that companies

took towards becoming so

dominant, we need to address the

question: How was this financed ”

(Peters, 2023) MDIA3093, Term 1 2026 The two

themes for

this week. 1. The VC industry encourages

monopolisation. How Why So,

what happens 2. Venture capital encourages,

exacerbates, and participates in

speculative market bubbles,

particularly in technology sectors.

Why How What are the

concerns MDIA3093, Term 1 2026 Today’s case study. Let’s watch this together:

https://www.youtube.com/watch v=0zE4gvJFOm0

(search: YouTube; What is character.ai)

Andreessen Horowitz is one of the VC investors:

https://a16z.com/announcement/investing-in-character-ai/

(search: Sarah Wang; investing in character.ai) But there have been problems:

https://www.nbcnews.com/tech/characterai-lawsuit- florida-teen-death-rcna176791 (search: Angela Yang;

lawsuit claims character.ai) MDIA3093, Term 1 2026 Small group exercise. Read these two articles for yourself. ohttps://omr.com/en/daily/character-ai-story (search: Peterson,

character.ai, business model) ohttps://www.axios.com/2024/08/05/google-characterai- venture-capital (search: Axios, Google’s deal for character.ai) 1. Why does venture capital shape the development of AI 2. How will AI be monetised

3. What will be disrupted 4. Who will emerge as the winners—and at what cost

MDIA3093, Term 1 2026 Final workshop session for A3. oTo ‘workshop ideas’ means to collaboratively explore,

refine, and improve ideas through a structured process,

often involving a group of people, brainstorming, and

constructive feedback. MDIA3093, Term 1 2026 Feedback on the course. Thank you, if you have already completed your

MyExperience survey. If you haven’t yet—we would really appreciate if you can

provide us with this formal feedback. MDIA3093, Term 1 2026 Now, we’d like to ask you for some

informal feedback on the course.

Please take a few minutes to first discuss in your

small groups. 1. What worked well What did you enjoy What do

you feel are course strengths 2. What didn’t work well What did you not enjoy

What do you think are course weaknesses 3. Any suggestions for improving or changing the

course MDIA3093, Term 1 2026 Thank you for being part of

MDIA3093 Media Power

this term. MDIA3093, Term 1 2026