2min snip

Joel Beasley | Modern CTO cover image

The Top Mistakes Made by Startup CTOs with Zach Goldberg, CTO at Gruntwork

Joel Beasley | Modern CTO

NOTE

Embrace Privacy Innovation Amidst Market Delays

A growing trend in the startup landscape is the emergence of privacy-centric companies, such as Venice.ai, which prioritize not storing user data or utilizing it for model training. These startups are innovating in what can be termed the 'freedom market', striving to create an open-source ecosystem despite being a year behind in technological advancement, lacking APIs, and other functionalities. There is a recognition that the current lack of privacy should not halt development; instead, one can accept the temporary trade-off while waiting for privacy options to mature over the next two to three years. Furthermore, major companies like Google are shifting towards on-device solutions, signaling a broader market understanding that routing AI through the cloud and relying on external data centers is not beneficial for privacy, user experience, or business strategies.

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