8min chapter

The IO Podcast: Investor + Operator cover image

Going All In On OpenAI, Rippling and Others | Bedrock Capital's Geoff Lewis On How How He Makes Investments | Ep. 6, IO Pod

The IO Podcast: Investor + Operator

CHAPTER

The Importance of Not Pacing Too Quickly in Investments

This chapter discusses the significance of avoiding a rapid pace in investments, as it allowed the speakers to succeed in raising funds for their newest fund. They also talk about the process of selecting partners based on certain triggers and 'using the right shibiliths'.

00:00
Speaker 2
Um, I'm coming up to an hour. Can I ask a few more questions? Yeah. Yeah. Um, I've got to ask this, you know, this, uh, has set off, uh, sort of the public release of chat, GBT, uh, has set off this debate about, um, how dangerous these models can be. Uh, to everyone's surprise, uh, Jeff has gone public saying some really dire things, uh, which, uh, you know, I don't know them like you do, but I've known them for a while. And it's, uh, it, it surprises me. I've never heard him speak that darkly about something. Do you have a view on that? That's one question. And then the other is this debate about, uh, sentience or, uh, self-awareness. I mean, you've, you had your fingers in the, in the brain of, of these things. Do you, do you think that sentience or self-awareness could really emerge or do you think that, uh, you know, these are, um, bits of code and it's all an illusion?
Speaker 1
Uh, there's a lot to say, uh, that we need, we need another hour or two together to properly represent my beliefs, uh, around that question. I think the first part for Jeff, um, Jeff is like, Jeff went through the same thing that I think many of us in the field went through where our timelines got pulled forward massively. And so it, you know, we thought we'd have models that could write compelling English in a few decades and then suddenly it shows up a year later. Um, and so that throws you into this state of shock and uncertainty. Um, and you're, you're quite cough guard. Uh, and he's spoken about this, I think publicly. Um, the, the, the sentiment of, of surprise at progress and rate of change. Um, I, I remember having conversations with him myself where both of us were kind of like, these people who talk about AGI, uh, you know, what nonsense. Ha ha ha ha. This was back when models could, you know, barely spell. Um, but then you, you kind of get. Uh, surprise and shock and you're, you're uncertainty blows up and sometimes I can have the effect that, okay, anything's possible. Oh my God. Like I was so far off on that that now I am shooting up my uncertainty across all anything could be possible. Super intelligent God. Okay. Maybe that's even, so I think like a lot of folks, um, we're all reckoning with that and recalibrating, um, and, uh, you know, adjusting our, our own timelines and understandings of progress and pace. Um, Jeff is extraordinarily thoughtful and he's been thinking about this since at least the beginning of cohere. So at least the last three and a half years, he's been thinking about this very, very deeply. Um, and so I, I think people should take. And very seriously, um, I think there will be a lot of, uh, sensationalism, um, and a lot of extrapolation from what he's saying, but if you actually listen to what, what he's actually saying, it's quite a measured. He's like, I'm highly uncertain about what can happen. And that means we should take this stuff seriously. Um, because we just don't have, you know, certain bounds. We don't have certainty around the future. And so we should be taking all the different possibilities quite seriously, not saying that they're likely to happen. Um, but just saying that we can't be ruled out yet. And so let's take them very seriously. Um, I think there's a lot of journalistic takes and headlines and click bait and, um, nonsense. Um, but if you actually listen to Jeff, uh, I think his take is quite measured and reasonable.

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