Trust, Moats, and Regulation in the Business of AI feat. Jerry Chen
Oct 3, 2023
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Jerry Chen, partner at venture capital firm Greylock, discusses the changing landscape of AI, the impact of AI on investments, the significance of DeepTek in various industries, the role of smaller models in AI, their journey into the venture capital industry, and the importance of finding inspiration and recognizing patterns in the AI industry.
The creativity of imagination is crucial in leveraging large language models to build intelligent applications.
Both small and large models have their significance in the AI landscape, with the balance depending on the percentage of problems each can address.
Deep dives
The Impact of Large Language Models
Large language models have drastically changed what is possible in AI and machine learning. They have the magic ability to anticipate and provide text-driven answers. These models have not only changed what is possible, but also what we think is possible. The creativity of imagination is crucial in leveraging these large models to build intelligent applications.
The Evolution of AI Companies
AI is impacting both AI-native companies and those that have not started as AI-native. Companies are exploring how AI can change their workflows, improve user acquisition, and enhance the system of engagement. AI is becoming an integral part of building intelligent applications, with the focus shifting to redefine what a full stack AI app means today.
The Value Curve in AI
In the world of AI, brand, switching costs, trust, scale, and network effects still matter. However, their manifestation may vary. These factors play a significant role in determining the value curve at different layers of the AI stack, from core AI technology to applications built on top of it. The value curve will continue to evolve as technology advances and new AI-native startups emerge.
The Role of Small and Large Models
Both small and large models have their significance in the AI landscape. Small models are faster and more cost-effective for specific problems, while large models offer greater generality and problem-solving capabilities. The balance between small and large models depends on the percentage of problems each can address. The expansion of the AI market will bring new tools and opportunities that can be enabled by these larger models.
Clara sits down with Jerry Chen, a partner at venture capital firm Greylock, to talk about how AI changes traditional technology moats and the importance of trust in the business of AI
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