The Ben & Marc Show
Build Your Startup With AI
May 9, 2024
In a deep dive into AI's landscape, the hosts discuss how small startups can challenge Big Tech's dominance. They highlight the overvalue of proprietary data and uncover parallels between the AI and internet booms. The conversation extends to the essential role of human involvement in AI, especially in creative tasks. Healthcare's evolving relationship with AI is also examined, touching on ethical data sharing and systemic reforms. The unpredictability of venture capital and risk-taking in the face of innovation are key themes, revealing profound insights into the tech industry's future.
01:15:18
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Quick takeaways
- Having unique data is overrated as the sheer amount of data available reduces its marketability.
- Utilizing proprietary data internally can enhance competitiveness by improving operations and decision-making.
Deep dives
The Value of Proprietary Data in the Brave New World of AI
Proprietary data is often touted as the key to success, but the belief that having unique data is a major advantage may be overrated. While some specialized data sets like population genomic databases may hold value, for most companies, the sheer amount of data available on the internet diminishes the uniqueness and marketability of proprietary data. Despite the narrative that data is the new oil, the lack of a robust marketplace for data transactions suggests that its value may be less significant than commonly believed.
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