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Generative AI's Act Two

sequoiacap.com

91–100 of 125 posts

Re: Generative AI's Act Two

#91
I see we are in peak bullshit again.

AI will be a force amplifier. great, we get that. I suspect that this kind of vague marketing bollocks will be generated almost without any oversight soon.

However there are also risks. Just like calico which used to be a really expensive luxury, and then with empire and colonialism, and later mechanisation became a cheap(er) commodity, LLMs will kneecap whole industries.

I think any site that relies on advertising on the web is going to die. This includes google, as they are the gateway to the web, and rely on you using them to answer questions obliquely. This means that the need for web developers and support staff is going to decrease.

I think the open web will shrink to ~20% it's present size. It will mostly revert back to hobbyists and people arguing. Things that require up to date data will continue (news, sports, gaming, etc.)

Social media will either thrive, or revert to small group chats (think half whatsapp half tiktok/instagram), to get away from autogenerated horseshit.

As for streaming TV/movies. AI porn is the canary there. If that takes off, then your kardashians/court reality/low budget drama might feasibly be generated (we are a way off though)

Re: Generative AI's Act Two

#93

Can'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.

Have you tried coding with it yet? Easy to see how you could get that impression from just playing with ChatGPT, but copilot/cursor/dropping stack traces into gpt4 is transformational.

Re: Generative AI's Act Two

#94
post #11

>the compute horsepower to process exaflops of data Lol. How many bytes in a flop again? Or maybe FLOP = FuckLoad Of Petabytes.

At least we know that this PR wasn't written by GPT4.

Re: Generative AI's Act Two

#95
post #68

Typical 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, ther…

And if it all goes sideways, quietly take down the puff piece bollocks and continue to curate your garden of unremitting genius. Here's to the bag holders. These pieces are such cringe to read it hurts.

Re: Generative AI's Act Two

#96

Earlier 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?

Probably. My company has seen a genai feature turn into increased product activation rates (the feature is 100% free), which correlates strongly with increased revenue.

Re: Generative AI's Act Two

#97

Can'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.

Typical HN pessimism, but I strongly disagree with anyone characterizing it as a huge letdown. Even if you personally don't get much use out of it (honestly hard for me to believe if you give it a fair try), there are tons of uses that will be impacting you significantly within the next year. Contrast that with crypto.

It's already replaced a bunch of search for me. I don't use it to make my own work, but I use it as a really fast q/a tool for straightforward answers absent of ads and clickbait

Re: Generative AI's Act Two

#98

Act 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…

Technology always moves slower than what people think it will.

What always happens is that people let their imaginations run away, both with what the technology can do, and with how people will adopt it instantly in masse.

If everyone you know is using AI, you're living in a bubble. I have one friend who thinks everyone is using AI, and the rest of my friends have only touched it superficially.

Re: Generative AI's Act Two

#99
I love the AI space, but I wonder if the internet comparison is valid? Isn't it more like the cloud or mobile?

Most apps will have AI of some sort. It's an infrastructure serving the problem. It isn't a completely new distribution medium, consumption mechanism.

Re: Generative AI's Act Two

#100
post #79

Earlier quoted context omitted.

Maybe trying to sell shovels is at worst a good way to learn how to best use shovels or which shovels are actually best? Then you can get ahead in the shovelling game.

People bought shovels to look for gold, not to dig ditches. Selling shovels doesn't make you better at finding gold mines.

Makes you better at practicing to get more money out of anxious VCs though
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