The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: LLMs Are Reaching a Stage of Diminishing Returns: What is the Next S Curve | The Bull & Bear Case for China's Ability to Challenge the US' AI Capabilities | How AI Changes the Future of War & How Agents Will Reshape Society with Matt Clifford @ EF
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Jul 1, 2024 In a thought-provoking conversation, Matt Clifford, Co-founder of Entrepreneur First and AI advisor, delves into the current state of AI. He discusses the concept of diminishing returns in large language models and the potential for a new S-curve in innovation. Clifford shares insights on the transformative role of AI in warfare and society, emphasizing the implications of autonomous agents. He also examines China's position in the AI race, drawing from his experiences in policymaking. A captivating blend of technology, ethics, and entrepreneurship awaits!
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Diminishing Returns of Compute Scaling
- The value of scaling compute for AI models is diminishing.
- New ideas and approaches will drive the next wave of progress, creating opportunities for startups.
Next S-curve Opportunities
- Search and multi-modality represent promising areas for the next S-curve in AI.
- Startups should focus on these areas rather than competing on LLM size.
Data Bottleneck and Untapped Potential
- Data is a current bottleneck in AI, particularly text data.
- However, there's untapped potential in video and interactive experiences.
