Khachab: Choco's AI API costs dropped 80% in six months despite growth
Daniel Khachab · Daniel Khachab: "We Are in the Middle of a Cold War for AI Talent" | E1220 · 20VC with Harry Stebbings · Oct 28, 2024 · at 15:31
Daniel Khachab is the co-founder and CEO of Choco, an AI platform for food distribution. He discusses how foundation model pricing is rapidly commoditizing for application companies.
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“We literally had to do nothing, and our price is now 80% lower than six months ago, despite probably having five or six extra transactions.”
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More from Daniel Khachab
Khachab: Europe lacks AI sovereignty because it misses chips, energy, and models
“In Europe today, We're not producing the chips. We're not producing the energy. We don't have the foundational layer models. So in that sense, these countries that don't possess those three elements are not really sovereign countries when it comes to AI.”
Khachab: Europe should subsidize TSMC and NVIDIA instead of Intel
“First of all, Intel is the wrong company to fund. So the first step you ask me is like, put it to the right company. Put it to Taiwan Semiconductor. Put it to NVIDIA. People that can actually produce GPUs.”
Khachab: European regulation does not hold back most SaaS or marketplace startups
“Look, there's certain heavily regulated industries, and I don't know them very well, but I'm sure eventually they're at a disadvantage. But that doesn't hold, for example, for most of SaaS, and also neither for most of marketplaces.”
Khachab: Investors should short Europe under the current government status quo
“So I think status quo, we have to be short. Government is just, yeah.”
Khachab: Reaching a $1B valuation weakens startup urgency and attracts safe players
“Now the real downside to me is that it's at one billion mark, because once we become unicorn and people think, oh, we've made it. Like we've done, we, we're great now. Kind of people get less hungry. And then you get applications of people who look for a safe …”
Khachab: AI will replicate years of proprietary software development by 2028
“This thing is going to learn how to code in no time. And maybe not now, maybe not next year, maybe 27, maybe in 28, like where's our technological mode is going to be? Like it might just be gone, like anyone maybe able to replicate what we have built over year…”