5 ms·
As proven by all the AI wrapper startups raising enormous seed rounds
by waihtis 2y ago
As proven by all the AI wrapper startups raising enormous seed rounds
- JumpCrisscross 2y ago> all the AI wrapper startups raising enormous seed rounds Aside from Cohere, don't they mostly have massive and rapidly-growing revenues?
- guappa 2y agoA massive revenue that is dwarfed by massive expenses isn't "profit"
- ein0p 2y agoDepending on the trajectory of both P&L it could still be worthwhile
- waihtis 2y agoSo moonshots it is then. I think we just demonstrated the typical investor though process here quite well!
- ein0p 2y agoMoonshot is when those trajectories are not yet known and won’t be known for quite some time. A good example is nuclear fusion. This is something else: risky but clearly tractable innovation.
- JumpCrisscross 2y ago> moonshots it is then Moonshots involve fundamental technology risk. LLMs are no longer unproven technology--the problems are in scaling and product-market fit.
- waihtis 2y agoTrue, but only partially. We really don't know (or at least investors don't understand) what LLMs are really good for. Some of the use cases put out there now will wither away.
- onion2k 2y agoRapidly-growing revenue that will all get spent on OpenAI API requests once OpenAI shifts its focus from growth to profit.
- selcuka 2y ago> once OpenAI shifts its focus from growth to profit. In the meantime there will be a zillion competitors to OpenAI using open engines for basic tasks, and it will become a commodity product.