Don’t think anybody doubts that the current achievements are intellectually impressive. The issue for VCs is how valuable are they from a business perspective.

Don’t think anybody doubts that the current achievements are intellectually impressive. The issue for VCs is how valuable are they from a business perspective. Creating photos of people in places they’ve never been is really cool, but realistically how much money will people actually pay for that? For AI to be as valuable as current rounds are implying it has to actually be capable of replacing your lawyer, your accountant, your software engineer. ChatGPT is nowhere near accurate enough to do that. It’s the same issue we ran into with super cruise control versus fully autonomous driving. Or speech recognition. Early progress was fast. Last mile in AI is always brutal. Maybe there’s some argument to say ChatGPT won’t replace your lawyer or software engineer but will make them 20% more efficient. Possible. Though I’m still skeptical. ChatGPT’s unparalleled ability to create really convincing sounding errors is a big hidden negative productivity drag.