20VC: UiPath's Daniel Dines on Why Agents Do Not Mean RPA is F***** | Why We Have Reached the Upper End of Scaling Laws | The Future of Work in an Agent World and What Everyone Misunderstands About Enterprise AI

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The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 18 December 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Daniel Dines is the Founder & CEO @ UiPath, one of the most incredible journeys in startups. For 10 years, UiPath was a bootstrapped company that scaled to just $500K in revenue. Then it all changed, product market fit became obvious and the rest is history. The company went on to raise funding from Sequoia, Accel, Kleiner Perkins and more. Today, the company is worth over $10BN, listed on the NASDAQ and does $1BN+ in revenue.

In Today’s Episode with Daniel Dines We Discuss:

1. The Future of LLMs:

Why does Daniel believe that we are at the upper end of scaling laws and more compute will not lead to increased performance?
Does Daniel believe we will see a world of many specialised models or fewer generalist models?
OpenAI, Anthropic, Xai. Which would Daniel most want to invest in? Why them?

2. Is RPA F******* in a World of Agents:

What is the core difference between RPA and agents? How do the tasks they complete differ?
Why must we have a neutral meta layer coordinating RPA processes and agents?
Why will siloed applications like Salesforce be unable to expand beyond their initial function?
Why does Daniel believe that agents will not complete tasks but make recommendations?

3. The Future of Work: WTF Happens with Agents:

How long will it be before agents are fully utilised in the enterprise?
What is the role of the human in a world of agents?
What are the single biggest concerns of enterprises considering implementing agents in their companies?
Why has GenAI not been successful in enterprise so far? Will this change?

4. Daniel Dines: The Billionaire Behind the Brand:

How does Daniel deal with the loneliness of being CEO?
What problem did Daniel struggle with for much of his twenties and thirties? How did he overcome it?
Why does Daniel fear that he is becoming more and more disconnected?
Why does Daniel believe 1-1s are BS?
What is Daniel’s single biggest advice to a new parent today?

Transcript

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0:00.0	This is a story that I never told anyone. I've wasted my late 20s, a big part of my 30s and 40s thinking in this way. It's a totally waste of cycles and energy, man. I am a lonely wolf. I find life pretty lonely, man. I live mostly in my head,
0:26.2	thinking, analyzing, reflecting. This is how I spend my life. This is 20 VC with me, Harry Stebbings,
0:32.7	and I'm so excited to welcome back, an incredible CEO and a very dear friend of mine, Daniel Dynes,
0:38.2	found and CEO at UiPath, the $8 billion public company dominating the RPA space, and everyone
0:45.3	says bluntly, RPA, it's pretty challenged in a world of agents. Well, today we discuss the
0:50.6	future of agents, how RPA and agents coexist in the future, and what is BS and
0:55.9	what is not in the agent world? But before we dive in, what do Henry Ford and AI have in common?
1:02.1	Neither could change the world without automation. In the future, there will be two types of
1:06.9	businesses, those that have automated and those that wish they had. UiPath, the undisputed
1:12.6	leader in automation, is taking us into the era of agenic automation. UiPOS, new AI agents
1:19.0	don't just follow rules, they think, they make decisions, they work alongside the world's most
1:24.2	powerful software robots already trusted by over 10,000 businesses.
1:29.2	If agenetic automation sounds new, just think of UiPath as more growth, not more overhead, platform,
1:35.5	or happier customers, happier employees platform.
1:39.1	Whatever you want AI to do for your business, agenetic automation with UiPath will make it happen.
1:45.1	Try UiPath's new AI agents for free at Uipath.com.
1:49.4	The future of automation is both agenic and robotic, so don't get left behind.
1:54.8	And speaking of transforming your business with cutting-edge technology, let's dive into another
1:59.2	game changer, Atio.
2:01.0	Atio is the next generation of CRN.
2:03.5	Setting up Atio takes less than a minute, and in seconds of syncing your email and calendar,
2:08.6	you'll see all of your relationships in one place, all enriched with very valuable data.
	...

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