The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: OpenAI's Sam Altman, Mistral's Arthur Mensch and more discuss: Will Foundation Models Be Commoditised | Which Startups Are Threatened vs Enabled by OpenAI | Is the Value in the Infrastructure or Application Layer?

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May 24, 2024
Join Sam Altman, the visionary CEO of OpenAI, and Arthur Mensch, co-founder of Mistral AI, as they dive into the future of foundation models in AI. They discuss the rapid commoditization of AI technologies and what it means for emerging startups. The conversation touches on how established players could become both competitors and collaborators, emphasizing the need for innovation in a crowded market. Expect insights on user ownership, personalized models, and how AI could evolve into a utility service, forever changing the landscape of technology.
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INSIGHT

Commoditization of Foundation Models

  • Foundation models will likely commoditize, similar to the early car industry.
  • Long-term differentiation will come from personalization and integration, not the base model.
INSIGHT

Model Efficiency and Price

  • Improving model efficiency makes specialized applications easier to create.
  • Competitive pressure and model advancements are driving down the price per unit of intelligence.
ADVICE

Investing in Foundation Models

  • Be cautious about investing in foundation models due to rapid commoditization.
  • Consider infrastructure and application layer investments instead.
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