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
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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Quick takeaways
- The more data there is about a job, the more likely it is to be automated, creating bottlenecks in physical tasks with limited data collection.
- AI's progress may not continue exponentially due to misconceptions about its capabilities and the need for further research breakthroughs to develop artificial general intelligence (AGI).
Deep dives
The Importance of Data in Job Automation
The more data there is about a job, the more likely it is to be automated. However, there are still many jobs where data collection is lacking, which results in physical tasks becoming more expensive and creating bottlenecks.
