Super Data Science: ML & AI Podcast with Jon Krohn 841: Andrew Ng on AI Vision, Agents and Business Value
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Dec 3, 2024 
Andrew Ng, Executive Chairman of Landing AI and a pioneer in AI education, shares deep insights on smart agentic AI workflows. He discusses how businesses can effectively invest in AI while weighing cost against effectiveness. The conversation highlights transformative large vision models and their potential to revolutionize global industries. Ng also addresses the importance of verifying AI-generated answers to mitigate risks in accuracy. Buckle up for a fascinating dive into the future of AI processing and its applications!
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Focus on Applications
- Prioritize building valuable applications using agentic AI workflows.
- Focus on application development rather than training powerful models unless you have billions to spare.
Falling API Costs
- Generative AI API costs are decreasing rapidly, about 80% year over year.
- Focus on building valuable applications first, then optimize cost if necessary.
Build First, Optimize Later
- Don't initially worry about large language model (LLM) pricing; use the best model to build something valuable.
- Optimize cost only if your application becomes successful and the LLM cost is too high.