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20VC: Does Value Accrue to Incumbents or Startups in the AI Race, Why Model Size Matters More Than Data Size, Why Artificial General Intelligence is Far Away, Why Carpenters Will Be Paid More Than Software Engineers & Future of Jobs with Richard Socher
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Importance of Accessing Private Databases for AI Training
Small companies can benefit from large language models to answer customer emails automatically. These models allow for a general understanding of natural language and enable small startups to quickly build an 80% solution. The process can be further improved by adding specific data after creating a minimum viable product. Although big incumbents have an advantage in making it really good quickly, small startups can still achieve significant progress thanks to these models.
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