“Most of the money funding foundation models is strategic, right? Versus venture capital. Venture capital maybe funds things into the hundreds of millions, and then it gets handed off to Google and Amazon and Facebook and all the other folks to invest billions or maybe tens of billions of dollars against it.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
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Insight
Gil: VCs Push Struggling Founders to Grind Because They Are Free Options
“Investors have a strong incentive for you to keep going because you're just an option once they put money in. And so if they get 50 cents on the dollar, they don't care, and they'd rather you just keep trying because you're just a free option. They already hav…”
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Opinion
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“I think I tend to look at data for these sorts of things. And I think the data on a lot of these topics is pretty weak.”
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PredictionNot checkable as stated
Gil: Big Wave of Enterprise AI Is Two to Three Years Away
“And I think from that is this under overhyped perspective, one could argue this is very under hyped in part because there's been so little true enterprise adoption. But despite that, you're seeing these massive waves of revenue and usage and everything else, a…”
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PredictionNot checkable as stated
Gil: Tech M&A will remain constrained by FTC and global regulators
“I think the M&A environment is going to be constrained due to our current FTC slash the more global regulatory viewpoint on whether they want M&A to happen or big tech to get bigger.”
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Insight
Gil: Incumbents Can Launch AI Four Years Late and Still Win
“I also think honestly as an incumbent you have a couple years to figure it out because you tend to have so much distribution that you can launch four years later and still You know, when, as it were”
Elad GilJun 21, 2024▶ 12:14#52: Elad Gil on What to Build in AI (Part II) · More or Less Podcast
Insight
Gil: Startups captured internet value, but incumbents captured mobile value
“And in the internet wave, you could argue 80 or 90% of the value went to startups. And in mobile, it was the other way around. Almost all the value went to incumbents, and in part it was because it was an extension of access and UI.”
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