20VC: Chips, Models or Applications; Where is the Value in AI | Is Compute the Answer to All Model Performance Questions | Why Open AI Shelved AGI & Is There Any Value in Models with OpenAI Price Dumping with Aidan, Gomez, Co-Founder @ Cohere
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Great Vision is not enough to drive Execution
Research talent in the technology sector is now distributed, moving away from concentration in entities like Google Brain and DeepMind. Success relies not solely on technological advancement but significantly on having a strong product vision that can foresee potential applications of that technology. Organizations must evaluate whether they can enable their innovators to bring their visions to life internally or if those individuals must seek opportunities elsewhere. Furthermore, the scaling hypothesis posits that investing significantly—potentially hundredfold—into model development can lead to substantial improvements, although this approach carries inherent risks and uncertainty. Despite skepticism from the industry, companies like OpenAI demonstrated the foresight to believe in the value of scaling, maintaining their commitment to this approach despite widespread pushback.
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