The AI Engineer Every Industrial Company Will Need | Paul Eremenko (P-1 AI) & Jeff Immelt (NEA)

Paul Eremenko is co-founder and CEO of P-1 AI, the company building Archie, an AI mechanical and electrical engineer that works alongside human engineering teams. Jeff Immelt is a Venture Partner at NEA and former Chairman and CEO of GE, and he's joining P-1 AI's board after leading the firm's investment in the company's $50 million Series A.

Anne Dwane sits down with Paul and Jeff to unpack why engineering the physical world has lagged behind the AI boom in software, and how P-1 is closing that gap. Paul traces the idea back to his time at DARPA working on the F-35 program, where he saw firsthand how complexity, not procurement, was driving runaway costs, and explains how that thinking led to Archie's "semi-synthetic" training data approach for physical engineering domains. They dig into how Archie is built to sell as labor rather than software, why P-1 positions Archie as one AI engineer per team rather than a swarm, and how customer IP and data are ring-fenced under the company's deployment models. Jeff brings the perspective of a CEO who has advised dozens of companies on AI adoption, laying out his four-part framework for organizational readiness and the pitfalls of getting stuck in pilot purgatory. The conversation closes with a wide-ranging look at compute costs, hiring plans as P-1 scales into automotive and aerospace, and Paul's take on the technological singularity and what it means for how we build the physical world going forward.

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