The Twenty Minute Vc: Venture Capital | Startup Funding | The Pitch

20VC: Why Foundation Model Performance is Not Diminishing But Models Are Commoditising, Why Nvidia Will Enter the Model Space and Models Will Enter the Chip Space & The Right Business Model for AI Software with David Luan, Co-Founder @ Adept

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Synopsis

David Luan is the CEO and Co-Founder at Adept, a company building AI agents for knowledge workers. To date, David has raised over $400M for the company from Greylock, Andrej Karpathy, Scott Belsky, Nvidia, ServiceNow and WorkDay. Previously, he was VP of Engineering at OpenAI, overseeing research on language, supercomputing, RL, safety, and policy and where his teams shipped GPT, CLIP, and DALL-E. He led Google's giant model efforts as a co-lead of Google Brain. In Today's Episode with David Luan We Discuss: 1. The Biggest Lessons from OpenAI and Google Brain: What did OpenAI realise that no one else did that allowed them to steal the show with ChatGPT? Why did it take 6 years post the introduction of transformers for ChatGPT to be released? What are 1-2 of David's biggest lessons from his time leading teams at OpenAI and Google Brain? 2. Foundation Models: The Hard Truths: Why does David strongly disagree that the performance of foundation models is at a stage of diminishing returns? Why do