How about we try the other end too - have GPT-4 choose what to invest in, see how it compares with VCs.
Isn't this where the whole "LLMs lack a worldview" type stuff comes in to play?
GPT-4 Outperforms Humans in Pitch Deck Effectiveness
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Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#72Earlier quoted context omitted.
Wait, lying is an option? Gross.
you don't need to lie. come up with 50 pitch decks, submit all of them, which ever gets the most feedback probably also has more market fit so go with that. I'm not 100 percent on what I want to build, I just know it'll involve ai models, automation, and autonomous agents. The way money is flowing to this space. I think a rough idea and a good team is all you need for funding.
That is one of the wrongest-sounding things I have ever read, as you can tell from the track-record of VC-first incubators. (and the effectiveness of the VC industry in aggregate)
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#73Dunking on VC is a useless takeaway. Ignoring snark, VC's and founders giving pitch decks are above-average educated intellectual demographics. This shows how much more convincing current LLM are than the majority of the population. Social media can have regular peoples' voices drowned out by a flood of more persuasive bots. Instead of actually talking issues out amongst each other, even on HN, it could be a deluge o…
Reminds me of something I saw today. An AI-generated continuous "debate" between realistic Trump and Biden talking heads. It's basically 4th-grade level entertainment but seems like it could be tuned for something less ridiculous.
https://m.twitch.tv/trumporbiden2024
Anyway, people with different political views generally do not "talk issues out".
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#74I would be interested to know how this was done. Unless they have access to Code Interpreter then gpt4 won’t generate graphs and images. Did they have it generate Python that made the graphs in matplotlib or something ? What did the prompts look like?
I had the same questions. The article was extremely light on how GPT-4 was actually used to generate the pitch decks. All it says is that various prompts were used to do so. That could mean lots of different things.
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#75I think this is actually a good thing. It seems there are a lot of people who have no talent but being able to hype up ideas. Often they have overshadowed the actual people who come up with and implement ideas. GPT-4 and LLMs in general democratizing generating BS may actually shift the advantage more to the actual doers. For example, There are probably on HN brilliant developers who have written at the core of reall…
> It seems there are a lot of people who have no talent but being able to hype up ideas. I get the sentiment, but PR is a critical skill in the free market. Also it's not easy to tell the difference b/w legit good ideas and empty decent PRs.
I think that is GP commenter's point. If LLMs were to outperform humans in this area, such that anyone could produce a highly marketable pitch deck for any given business idea, then better PR would no longer provide a competitive edge with regards to getting funding, and would thus no longer be a critical skill in the free market.
This could be a net positive, as whatever criterion investors may start using to decide which businesses to finance, at least it would no longer be a proxy of 'which startup had enough money to hire the best PR staff to sell their idea'.
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#76This is how we lose control. We won't have to wait until the AIs "wake up" and take over the nukes.
Humans are very susceptible to bulls** which might be the most powerful force in the world. AI bulls** generation is already superhuman and continues to accelerate. The only way to counter it will be with your own AI bulls** generator going head to head with the competition.
In the coming years, it will go faster and faster until it is dozens and then hundreds of times faster at generating high-level bulls** than humans. Due to their superior powers of persuasion, these AIs gather more and more power. Civilization ends in a hyperspeed barrage of superbulls** fighting superbulls**.
It's already started. https://m.twitch.tv/trumporbiden2024
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#77But does GPT-4 outperform a skilled human BSer.
We sometimes see BSers of various degrees in business. Four thoughts:
1. A lot of things are seem easier for someone who knows what would be an advantageous thing to say in the moment, to that audience, and just says it, unconstrained by truth.
2. Some people are so good at BSing and complementary skills that they're incredibly slick at presentations. You might want to have them as a frontperson, until you consider...
3. Chickens tend to come home to roost. BSing is a scam tactic, and people tend to get burned by that.
4. Often the BSer themself seems immune to adverse repercussions.
GPT-4 is Robo-BSer.
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#78This is how we lose control. We won't have to wait until the AIs "wake up" and take over the nukes. Humans are very susceptible to bulls** which might be the most powerful force in the world. AI bulls** generation is already superhuman and continues to accelerate. The only way to counter it will be with your own AI bulls** generator going head to head with the competition. In the coming years, it will go faster and f…
But if humans know the level of BS is increasing, and get burned by it once or twice (where it hurts), will they not adapt and become more adept at detecting BS?
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#79“ Via a survey of 250 investors and 250 business owners…” Who cares what humans think. What did GPT-4 think about the pitches?
"What did GPT-4 think about the pitches?"
Probably nothing.
Re: GPT-4 Outperforms Humans in Pitch Deck Effectiveness
#80Earlier quoted context omitted.
"In addition, my plan guarantees every child a free kitten or puppy, along with the aforementioned immortality."
Sure, but a human could write that too. Surely the onus is on the investor to assess how realistic they think the founders' claims are.
Yes, but often in a later due diligence stage.
And also the human will be on the hook for actually delivering, so sane founders will take that into account.