The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Sam Altman on The Trajectory of Model Capability Improvements: Will Scaling Laws Continue | Semi-Conductor Supply Chains | What Startups Will be Steamrolled by OpenAI and Where is Opportunity
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Nov 4, 2024 
Sam Altman, CEO of OpenAI and former president of Y Combinator, discusses the future of AI model capabilities and whether current scaling laws will persist. He shares insights on the implications of semiconductor supply chains and tensions that could impact tech growth. Altman weighs in on startup opportunities, warning of areas where OpenAI may 'steamroll' emerging ventures. He reflects on his leadership challenges, the role of youth in startup culture, and shares his vision of what he would create with today's AI technologies.
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Build for AI Improvement
- Build businesses that benefit from improving AI models, not patching their shortcomings.
- OpenAI is focused on continuous model improvement, making short-term fixes less relevant.
Focus on AI-Native Applications
- Don't build businesses patching current AI limitations; focus on applications benefiting from model advancements.
- OpenAI aims for significant model improvements, rendering workarounds obsolete.
AI's Trillion-Dollar Opportunity
- Trillions of dollars in market cap will be created using AI for previously impossible products/services.
- OpenAI aims to improve models, allowing startups to focus on innovative product building.
