The Journey with Christian D Evans Buffett on Machine Learning, A.I & Investing with Chamath Palihapitiya | CEO Social Capital
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Aug 29, 2023 
Chamath Palihapitiya, CEO of Social Capital, discusses the investment potential of AI and large language models, emphasizing unique data inputs and predicting a rise in M&A activities. He also explores the regulatory landscape in tech investing, highlighting the impact of regulatory challenges on innovation among smaller companies.
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Early ML at Facebook
- Chamath Palihapitiya shared how Facebook first commercialized machine learning with products like News Feed.
- He compares modern AI like large language models to an amplified form of this early machine learning use.
AI as Refrigeration Analogy
- Large language models are like refrigeration; the inventors profit but the real money lies in businesses building on the tech.
- The true value will be made by companies leveraging AI technology to build empires, not just the base models themselves.
Unique Data Powers AI Advantage
- Having unique, proprietary data is key to differentiating AI models despite access to the same base inputs.
- Exclusive data sources can enable companies to develop vastly superior AI outputs than competitors.