meta_pixel
Tapesearch Logo
Log in
TechCheck

The Megacap Startup Diet 8/7/24

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.566 Ratings

🗓️ 7 August 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

GenAI startup darlings are dropping like flies. Some of the most promising are increasingly being swallowed up by megacaps as they struggle to find viable business models and big tech firms look to skirt the regulatory scrutiny of outright acquisitions.

Transcript

Click on a timestamp to play from that location

0:00.0

A major leadership exodus over at the startup darling, Open AI as top talent,

0:05.5

including two co-founders announced their departures in just the past few days.

0:09.6

Could it be a growing trend hitting the startup industry?

0:12.6

Dider Bosa has the answer to that.

0:14.2

Hi, Dider.

0:15.7

Good morning.

0:16.5

It's part of this tension emerging in AI

0:18.6

between the mega caps that are developing the technology

0:21.5

and then the investors that are looking for returns and

0:24.2

increasingly getting a little impatient caught right in the middle are some of the

0:27.9

most promising gen AI startups who are increasingly being swallowed up by the

0:32.1

mega caps as they struggle to find viable

0:34.2

business models really any revenue. This week open AI co-founder and president

0:38.3

Greg Brockman said he will take an extended leave to quote relax and recharge also this week character AI's co-founders

0:45.4

and more than two dozen researchers went to Google for Nome Shazir one of the

0:50.2

founders there it was a return to Google where he co-authored that

0:53.8

famous Transformers paper that essentially kick-started the modern Gen-A-I age. Now these

0:58.4

latest moves they continue a trend. Gen-A-I darlings are dropping like flies.

1:02.4

Earlier this year, Inflection, a startup that was trend. Gen AI darlings are dropping like flies.

1:02.7

Earlier this year, inflection, a startup that was valued at $4 billion, saw most of its staff

1:08.0

decamp to Microsoft, including its co-founders, both of whom also worked at Google previously on Gen AI breakthroughs.

1:15.2

Then there were the adept execs to Amazon, another Gen AI startup that raised hundreds of millions

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.