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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?
May 24, 2024
OpenAI's CEO Sam Altman and Mistral AI's CEO Arthur Mensch discuss the commoditization of foundation models in AI, market strategies, potential returns, and the future of AI development. They explore challenges in investing in foundation models, advancements in AI models, and strategies for building on AI models to create value in different layers. The podcast also touches on the co-pilot strategy in startups, disrupting incumbents, and the importance of distribution, data, and user experience.
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Quick takeaways
- Long-term competitive advantage in AI startups may come from personalized and deeply integrated models tailored to specific user needs, amid the ongoing evolution and cost reduction of models.
- Striking a balance between thinner application layers and competitive model prices is crucial for startups to decide where to focus their investments, with an emphasis on building platforms atop foundational models for diverse vertical applications.
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Commoditization and Value in Foundation Models
With technology rapidly commoditizing, there is a focus on whether the value lies in the application layer or infrastructure layer within AI startups. The debate centers around the improvement and cost reduction of models, leading to speculation on the future landscape of AI. While there is a push to enhance models, long-term differentiation is predicted to come from personalized and deeply integrated models tailored to specific user needs.
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