Turns out everyone wants to sell shovels
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Generative AI's Act Two
61–70 of 125 posts
Re: Generative AI's Act Two
#62Act 1 (basic enterprise adoption) hasn't even really shaped out, so it's premature to call anything Act 2.
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Re: Generative AI's Act Two
#63Can't wait for most of these companies to disappear once the hype dies down and the money dries up. Generative AI in its current form is a huge letdown.
Re: Generative AI's Act Two
#64Act 1 (basic enterprise adoption) hasn't even really shaped out, so it's premature to call anything Act 2.
I think it absolutely has. Certainly in developer tools, but you can see it in other tools like Hubspot, Gong, etc. Not to mention the enterprise organizations who are building their own features that use LLMs. Yes, we'll see some "enterprises" adopt their first LLM in 10 years because some move as slow as molasses. That's fine; there's companies who are tasting Cloud for the first time right now, but nobody is sayin…
Are there any examples of companies turning a GAAP profit using generative models that aren’t selling the shovels, but actually using them to dig?
Re: Generative AI's Act Two
#65The moment that generative AI became something crazy for me was when I said "holy shit, maybe Blake Lemoine was right". Lemoine was the Google engineer who made a big fuss saying that Google had a sentient AI in development and he felt there were ethical issues to consider. And at the time we all sort of chuckled- of course Google doesn't have a true AGI in there. No one can do that. And it wasn't much later I had my…
Oh he was right for sure.
Re: Generative AI's Act Two
#66Earlier quoted context omitted.
I think it absolutely has. Certainly in developer tools, but you can see it in other tools like Hubspot, Gong, etc. Not to mention the enterprise organizations who are building their own features that use LLMs. Yes, we'll see some "enterprises" adopt their first LLM in 10 years because some move as slow as molasses. That's fine; there's companies who are tasting Cloud for the first time right now, but nobody is sayin…
Are there any examples of companies turning a GAAP profit using generative models that aren’t selling the shovels, but actually using them to dig?
Adobe is already incorporated genAI into core product and will start pricing for compute units. This is part of their core product, not a tool being sold to other people to build genAI products
Re: Generative AI's Act Two
#67Can't wait for most of these companies to disappear once the hype dies down and the money dries up. Generative AI in its current form is a huge letdown.
I've gotten like 5 recruiter calls this week from companies that are basically just gpt wrappers.
Re: Generative AI's Act Two
#68Typical Sequoia "think piece" meant to bring in tier-2 and tier-3 VCs onto the AI hype train, further bolstering their own position. I don't even think Sequoia believes in AI per se, they're just chasing the next shiny ball. It's genius if you really think about it.
A year ago, they were gushing over SBF. There's no due diligence here, there's no product market fit. It's a legal pump and dump. Much like crypto, there will be bag-holders, but it won't be Sequoia or a16z, they're far too smart for that.
If they get lucky and hit a home run, they were the visionaries all along. Their hubris is frankly quite admirable. The world goes 'round, and the rich get richer.
Re: Generative AI's Act Two
#69The moment that generative AI became something crazy for me was when I said "holy shit, maybe Blake Lemoine was right". Lemoine was the Google engineer who made a big fuss saying that Google had a sentient AI in development and he felt there were ethical issues to consider. And at the time we all sort of chuckled- of course Google doesn't have a true AGI in there. No one can do that. And it wasn't much later I had my…
Isn't the takeaway : "holy shit, these things are advanced enough to make people like Blake Lemoine believe they are sentient?"
HFRL is literally just training the AI to be convincing. That's what these systems are optimized for.
Re: Generative AI's Act Two
#70Earlier quoted context omitted.
Are there any examples of companies turning a GAAP profit using generative models that aren’t selling the shovels, but actually using them to dig?
Adobe is already incorporated genAI into core product and will start pricing for compute units. This is part of their core product, not a tool being sold to other people to build genAI products
I think that’s a great example of a company who is trying to make a profit, and they are certainly investing in the future under the assumption that it will pay off. But I don’t see how that’s currently profitable, which is the point brought up by GP about still very much being in Act One.