The Future of Venture Capitalists: A Discussion with Sebastian Mallaby
New Books in Economics
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The Importance of Luck in Startups
Most big successes in venture capital before the internet were things like semiconductor companies. But to train these models, you generally need massive amounts of compute. And that is very expensive buying a whole server farm full of Nvidia chips. So it's a bit of a mixed bag when we look at the AI era - whether that's a cheap thing to get started in or whether it's expensive if you're going to actually train models.
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