No Priors: Artificial Intelligence | Technology | Startups Listener Q&A: AI Investment Hype, Foundation Models, Regulation, Opportunity Areas, and More
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Apr 27, 2023 Listeners dive into the evolving world of open-source AI models and the competitive landscape shaping the industry. The hosts discuss the excitement and hype surrounding AI investments, drawing parallels with past tech trends. They examine the delicate balance between necessary regulation and innovation, particularly in addressing potential risks. The impact of AI on healthcare and drug development is explored, highlighting how targeted AI applications can enhance efficiency and improve clinical outcomes. It's a thought-provoking look at the future of technology!
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Open-Source Progress
- Open-source models are advancing, with Facebook's LLaMA being quite good despite licensing issues.
- OpenAI leads, but wider access to training knowledge and decreasing costs suggest a GPT-3.5 level open-source model within a year.
Regulation's Impact
- Regulation often benefits incumbents by hindering innovation.
- It raises costs, as seen in healthcare, housing, and education.
AI Regulation Strategy
- Focus on regulating specific areas like export controls on advanced chips or AI in defense applications.
- Avoid broad AI regulation now; the 2024 election might be a turning point due to AI's potential influence on voting.