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Technology is making 'massive advancements,' Inside's Calacanis says

Tech companies are investing time and money into products that will keep consumers begging for more, one tech investor said Tuesday.

"We're living in an age of massive advancement, unlike anything we've ever seen," Inside.com CEO and angel investor Jason Calacanis told CNBC's "Squawk Alley."

Calacanis said big tech companies are investing in virtual reality (VR), augmented reality (AR) and autonomous cars.

"VR and AR are massive investments from Facebook, Microsoft and Google," Calacanis said. "Google is really, really spending money on AI."


Jason Calacanis
Adam Jeffery | CNBC
Jason Calacanis

Calacanis also talked about Amazon's possible new music streaming service, which could be exclusively for Amazon Echo users.

"If you don't have the Amazon Echo, I would highly recommend buying it," Calacanis said. "It's the first time using voice commands for a computer actually works and it works delightfully."

He also said users don't have to worry about looking like "dorks" when they talk to their computers with Amazon Echo.

"It works better than (Apple's) Siri and it's an open ecosystem," Calacanis said.

Companies like Twitter, which are dependent on a key product, have had difficulty monetizing their popularity. Calacanis said that tech companies that have only one revenue stream will get knocked out of the competition.

"I'm rooting for Twitter. I'm a fan of the service," Calacanis said of the social network. "Twitter is moving way too slow on product and they've maxed out revenue, which is why the stock has absolutely been crushed. It's probably going to get bought."

Calacanis said that the future start-ups and smaller tech companies may depend on the tech giants.

"What we're going to see over time is one-product-line companies will either add multiple in a cash work chest or they're going to become a part of one of those bigger companies," Calacanis said.