Latent Space: The AI Engineer Podcast 2024 in AI Startups [LS Live @ NeurIPS]
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Dec 21, 2024 The opening keynote at NeurIPS 2024 dives into the evolving landscape of AI startups and investment trends. Experts discuss transformative developments and the shift towards open-source models. They analyze advancements in video modalities and challenges in scaling businesses. The conversation touches on integrating multimodal data in enterprises, the impact of declining AI costs, and the growing interest in consumer-focused AI startups. Exciting insights highlight the future opportunities for innovation and competition in the AI industry.
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Increased Competition
- The AI landscape has become more competitive.
- OpenAI's dominance has diminished, with Google and other models rising in quality and market share.
Open-Source Competitiveness
- Open-source models are becoming increasingly competitive with proprietary models.
- Smaller models are also showing surprising effectiveness, challenging the belief that size equates to intelligence.
Emerging Modalities
- New modalities like biology, voice, execution, and video are showing promising progress.
- Low-latency voice models offer a different user experience compared to traditional transcription models.