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20VC: Mistral's Arthur Mensch: Are Foundation Models Commoditising | How Do We Solve the Problem of Compute | Is There Value in the Application Layer | Open vs Closed: Who Wins and Mistral's Position
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Key Factors for Relevance in a Competitive Space
To be relevant in a competitive space, dominance in cost efficiency, performance, and tool functionality is crucial. Companies need to overcome barriers such as high capital requirements for computing resources and scarcity of skilled personnel for model training. Building a strong brand is essential in a highly competitive market. Defensibility in the market comes from mastering these factors, though a reduction in the cost of computing could enhance access to talent and brand development significantly.
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