4min snip

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

20VC: Yann LeCun on Why Artificial Intelligence Will Not Dominate Humanity, Why No Economists Believe All Jobs Will Be Replaced by AI, Why the Size of Models Matters Less and Less & Why Open Models Beat Closed Models

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

NOTE

Will the Value of AI Accrue to Incumbents or Startups?

Efficiency can come from smaller models than expected; value will accrue to incumbents with data and models; an open platform for base LLMs will create an ecosystem for companies to build on top of it and specialize for specific applications; proprietary approaches may fall behind; Google and Meta didn't produce chat GPT because of the risk and pressure for new products; Galactica, a useful system, was destroyed by AI doers; large companies can't release nonsense products due to reputation, while startups can.

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