I wanted to share an anecdote. I know of a company that was working with AI to gather company IP and answer questions about it using a language model. They have been in this space for around 7 years already. They were really well ahead of their time and should have moats... but unfortunately Microsoft and Google integration that was recently announced is sure to wipe them off the board because of 2 key points: They have access to better models trained using hundreds of thousands of dollars to start from, and they can flip a switch and give it away for free as a way to attract customers. It's fascinating to see that amount of forethought be put to shame. Warren Buffett is credited as saying: at the turn of the last century there were tons of car companies all competing to be the best, but almost all of them went bankrupt where ford succeeded. Knowing the next innovation wave doesn't mean you have the know-with-all to invest in the next innovation wave.
Ryan, this is a very timely post summarizing the latest developments. I'm curious what your go-to sources are to keep up with relevant news, opinion pieces, while filtering out the noise/hype.
Additionally, in case you are looking for topics to write about for next week, two friendly suggestions are: 1) the implication of ChatGPT plug-ins, and 2) your elaboration on why and how a spray and pray strategy by angel investors "might actually be a valid one at this point".
On the first topic suggestion, Benn Stancil argued in his Mar 24 substack (https://benn.substack.com/p/the-public-imagination) that OpenAI could evolve into both an AWS and an App Store. It would be interesting to hear your thoughts on what the plug-in play means for start-ups, VCs, and big tech.
I wanted to share an anecdote. I know of a company that was working with AI to gather company IP and answer questions about it using a language model. They have been in this space for around 7 years already. They were really well ahead of their time and should have moats... but unfortunately Microsoft and Google integration that was recently announced is sure to wipe them off the board because of 2 key points: They have access to better models trained using hundreds of thousands of dollars to start from, and they can flip a switch and give it away for free as a way to attract customers. It's fascinating to see that amount of forethought be put to shame. Warren Buffett is credited as saying: at the turn of the last century there were tons of car companies all competing to be the best, but almost all of them went bankrupt where ford succeeded. Knowing the next innovation wave doesn't mean you have the know-with-all to invest in the next innovation wave.
Ryan, this is a very timely post summarizing the latest developments. I'm curious what your go-to sources are to keep up with relevant news, opinion pieces, while filtering out the noise/hype.
Additionally, in case you are looking for topics to write about for next week, two friendly suggestions are: 1) the implication of ChatGPT plug-ins, and 2) your elaboration on why and how a spray and pray strategy by angel investors "might actually be a valid one at this point".
On the first topic suggestion, Benn Stancil argued in his Mar 24 substack (https://benn.substack.com/p/the-public-imagination) that OpenAI could evolve into both an AWS and an App Store. It would be interesting to hear your thoughts on what the plug-in play means for start-ups, VCs, and big tech.