The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why the AI Bubble Will Be Bigger Than The Dot Com Bubble, Why AI Will Have a Bigger Impact Than COVID, Why No Models Used Today Will Be Used in a Year, Why All Models are Biased and How AI Kills Traditional Media with Emad Mostaque, Founder & CEO @

May 17, 2023
01:06:25

Podcast summary created with Snipd AI

Quick takeaways

  • The economic impact of AI is predicted to surpass that of COVID-19, with large companies actively seeking AI solutions and potential consolidation in the model industry.
  • Current AI models will quickly become obsolete as new models with better data quality are developed, emphasizing the need for standardization, personalized medicine, and national data sets.

Deep dives

The Economic Impact of AI

The guest suggests that the economic impact of AI will be significant, potentially surpassing that of COVID-19. Large companies are actively seeking AI solutions, and there will likely be a consolidation of a few key players in the foundation model industry. The models currently in use will quickly become outdated as new models with better data quality are developed. The guest emphasizes the importance of standardized models, personalized medicine, and the need for national data sets to ensure localization and accuracy. They also discuss the potential for AI to transform healthcare and solve challenging chronic conditions.

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