The Economic Value of Large Models

The potential for miraculous job opportunities in the world is similar to the gold rush in the 1800s, where the money was made by those who provided the tools. Today, companies like Nvidia are the dominant providers of tools, and the question is what will be created using these tools. The resources in big tech are being used to improve models, which is good for startups. Computational biology and material science are two areas with promising breakthroughs. The money being made by big tech will be invested in foundational platform technologies and given away for free, creating opportunities for new companies. The dividends of this work will be seen in the startups of the next few years, similar to the impact of the gold rush in California.