Elevate Ventures CEO Toph Day on Indiana venture capital, rebuilding SaaS and Apple AI

Host Jayson Manship breaks down the latest artificial intelligence news and sits down with Elevate Ventures CEO Christopher "Toph" Day on this episode of Authentic and Agentic. In the news segment, Manship explores reports that Anthropic paused its new Mythos model over cybersecurity risks. He also analyzes Apple's strategy to train on-device AI using podcasts, Netflix's shift toward dynamic content and Anthropic's move to restrict third-party tools like OpenClaw. Day joins the show to discuss the difference between venture capital and venture development. He details how Elevate Ventures has deployed $194 million across 626 companies to help create 9,000 direct jobs with an average salary of $96,000. Day also highlights the massive economic impact of the global Rally innovation conference in Indianapolis. The conversation shifts to the future of the software industry, with Day advising founders to rebuild applications using modern AI technology. He emphasizes Indiana's opportunity to lead the physical economy through advanced manufacturing and new data centers. The episode concludes with Day's warning about the destructive effects of social media on children and a preview of next week's interview with Indiana Technology and Innovation Association leaders.