20VC: The Biggest AI Leaders on What Matters More; Model Size or Data Size & Where Does The Value in AI Accrue; to Startups or to Incumbents

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 15 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Richard Socher is the founder and CEO of You.com. Richard previously served as the Chief Scientist and EVP at Salesforce.

Douwe Kiela is the CEO of Contextual AI, building the contextual language model to power the future of businesses. Previously, he was the Head of Research at Hugging Face, and before that a Research Scientist at Facebook AI Research.

Alex Lebrun is the Co-Founder and CEO of Nabla, an AI assistant for doctors. Prior to Nabla, he led engineering at Facebook AI Research. Alex founded Wit.ai, acquired by Facebook in 2015.

Tomasz Tunguz is the Founder and General Partner @ Theory Ventures, just announced last week, Theory is a $230M fund that invests $1-25m in early-stage companies that leverage technology discontinuities into go-to-market advantages.

Sarah Guo is the Founding Partner @ Conviction Capital, a $100M first fund purpose-built to serve “Software 3.0” companies. Prior to founding Conviction, Sarah was a General Partner at Greylock where she made investments in the likes of Figma, Coda and Neeva.

Emad Mostaque is the Co-Founder and CEO @ StabilityAI, the parent company of Stable Diffusion. Stability are building the foundation to activate humanity’s potential. To date, Emad has raised over $110M with Stability with the latest round reportedly pricing the company at $4BN.

Clem Delangue is the Co-Founder and CEO @ Hugging Face, the AI community building the future. To date, Clem has raised over $160M from the likes of Sequoia, Coatue, Addition and Lux Capital to name a few.

Cris Valenzuela is the CEO and co-founder of Runway, the company that trains and builds generative AI models for content creation. To date, Cris has raised over $285M for the company from the likes of Lux Capital, Felicis, Coatue, Amplify, and Nvidia to name a few.

Noam Shazeer is the co-founder and CEO of Character.AI. A renowned computer scientist and researcher, Shazeer is one of the foremost experts in artificial intelligence (AI) and natural language processing (NLP).

The Two Most Pressing Questions in AI:

What matters more the size of the model or the size of the data?
Where does the value accrue in the next 5-10 years; to startups or to incumbents?

Transcript

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0:00.0	This is 20 VC with me, Harry Stebbings, and I've now done 15 episodes with the world's best experts in AI,
0:06.2	and two questions in particular rise more than any others.
0:09.8	Number one, what matters more?
0:11.6	Is it model size or is it data size?
0:14.0	And then number two, where does the value accrue in the next wave to startups or to incumbents?
0:20.2	Today, we hear from eight of the best bringing their thoughts and ideas together, breaking down
0:24.7	these two questions.
0:25.9	It's an incredible compilation.
0:27.5	Let me know what you think of this style of show.
0:29.5	I always love to hear your thoughts and you can let me know on Twitter at Harry Stebbings.
0:33.5	But before we dive into the show today, you know all those mind-numbing tedious tasks that seemingly take up half your day.
0:39.9	Well, Coda is here with their new AI-powered work assistant that helps you and your team not just finish tasks, but make progress.
0:46.4	So your product team can bring a feature to market faster by using Coda AI to tag customer feedback, draft PRDs,
0:53.6	suggest target audiences, summarizing product discussions
0:56.3	and more. Your sales team can engage more customers by bringing in data from sources like
1:00.8	Salesforce and then use Coda AI to suggest action items, meeting agendas or lead scores and your
1:06.5	marketing team can drive an impactful launch with Coda AI summarizing user insights, creating briefs
1:12.3	generated from notes, and writing mock press releases to visualize taglines. With Coda AI, you can
1:18.1	reimagine your to-do list and how you collaborate so you're not only finishing tasks, but really
1:23.0	making progress. If you want to work a system that lets you get back to work, you can get started
1:27.9	with Coda AI today for free. Head over to coda.io slash 20VC. That's coda.coma.com and get
1:35.4	started for free. And speaking of amazing tools we cannot live without, travel and expense are never
	...

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