Billionaire investor and former Facebook exec Chamath Palihapitiya thinks AI will radically change the job of the venture capitalist.

In a Friday episode of the “All-In Podcast,” hosted by Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg, the investor said there was a “reasonable case to make” that the VC job could even cease to exist.

He said that changes to the industry sparked by AI could lead to VCs being replaced by “an automated system of capital against objectives.”