
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
Emad Mostaque, Co-founder and CEO of Stability AI, discusses his journey from hedge funds to AI innovation, inspired by his son's autism diagnosis. He predicts that the AI bubble will eclipse the dot-com era, emphasizing the current models' obsolescence and biases. Emad argues that AI will revolutionize healthcare, proposing personalized systems for chronic conditions. He also highlights the need for national data sets to improve model accuracy and addresses the disruptive impact of AI on traditional media and investment strategies.
01:06:25
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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 The models currently in use will quickly become outdated as new models with better data quality are developed.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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