The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Why OpenAI Will Become an Infrastructure Play, Why Apple Will Win in an AI World, Why Google is the Most Vulnerable Incumbent, Will LLMs Be Commoditised, Which Startups Are Thin vs Thick Wrappers on Top of LLMs with Jeff Seibert, Founder @ Digits
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Nov 22, 2023 Jeff Seibert, Founder and CEO of Digits, dives deep into the future of AI, suggesting OpenAI's shift towards becoming an infrastructure titan. He argues Apple is poised to dominate in the AI race while highlighting Google's vulnerabilities. The discussion also touches on the potential commodification of LLMs, separating 'thick' from 'thin' applications built on them. Jeff offers founders valuable insights on when to pivot and common pitfalls to avoid, making this a must-listen for entrepreneurs navigating the tech landscape.
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OpenAI's Future and Startup Risks
- OpenAI may become an infrastructure company like AWS, hosting models for fine-tuning.
- Startups building thin wrappers on OpenAI's tech risk being outcompeted.
Google's Existential AI Threat
- Google must fully embrace AI or risk losing search, their main revenue source.
- They should actively disrupt their products, like Apple did with the iPod Nano.
Enterprise AI Adoption
- Enterprise adoption of AI faces data control concerns, similar to early cloud adoption.
- Enterprises should adopt AI strategically, not just because it is trendy.