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20VC: How to Survive and Thrive in a World of OpenAI, Are LLMs Being Commoditised, Where Does the Value Lie; Infrastructure or Application Layer, How Apple Could Win in a World of AI, How Amazon Could Threaten OpenAI and Why Google Struggle with Des Trayn
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Importance of Picking the Right Use Case for Open AI
Open AI is like a train that will eventually hit you. They will provide basic features but for advanced ones, you have to rely on third-party tools. Open AI aims to reach a minimum viable level, so filling in the platform's gaps won't make money. However, there are areas where Open AI won't go deep, like wealth management or banking integrations, so focusing on those areas can be beneficial. The commoditization of LLMs is debatable, and while some new competitors are emerging, it would be advantageous if it happens as it would eliminate pricing competition. Intercom is exploring the possibility of training their own LLM, but there are pros and cons to consider. Currently, LLMs are not equal, and the best one depends on the specific use case. Fin was used for torture testing, and it was found that staying on topic is crucial for successful interactions.
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