The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Does Value Accrue to Incumbents or Startups in the AI Race, Why Model Size Matters More Than Data Size, Why Artificial General Intelligence is Far Away, Why Carpenters Will Be Paid More Than Software Engineers & Future of Jobs with Richard Socher
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Aug 18, 2023 Richard Socher, Founder and CEO of You.com and former Chief Scientist at Salesforce, explores the AI landscape with depth. He shares insights on the importance of model size versus data size, dispelling common misconceptions about AI models. Socher discusses where the value will accrue in the ongoing AI race, whether to startups or incumbents, and highlights the challenges facing the development of Artificial General Intelligence. Their conversation also touches on the evolving role of AI in the job market and the potential for innovation amid rapid technological change.
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AI Hype vs. Reality
- AI capabilities are improving exponentially, creating real change.
- Inflated expectations exist, so avoid assuming every task needs AI like chatbots.
Single Model Efficiency
- Single, evolving AI models are more efficient than separate task-specific models.
- This approach, like Wikipedia, allows for continuous collective improvement.
Prompt Engineering Rejection
- Richard Socher's prompt engineering paper was initially rejected.
- Reviewers believed no single model could handle multiple NLP tasks.