The Ledger
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Chase: Open-source models still lag behind Claude 3 and GPT-4
“Like there's, I think we see increasingly interest in open source, but the reasoning abilities are still just like lagging behind Cloud three or GPT four. And I think like for a lot of the applications that it kind of, it probably depends on the types of appli…”
Chase: Developers only implement model fine-tuning after reaching critical scale
“We see people experimenting with it. I think the only real place where they're doing it is when they've reached like really critical scale which I still don't think is that many applications to date.”
Chase: New AI startups should build applications leveraging long-term memory
“If I wasn't doing LinkedIn, if I was starting a company right now, I'd probably start something at the application layer, and it would probably be something that really takes advantage of, like, long-term memory.”
Chase: Working AI agents require hardcoded domain structure, not LLM autonomy
“I think when we see people building agents that work right now, it's often breaking it down into a bunch of smaller components and kind of like imparting their domain knowledge about how information should Flow through these components. Because I think the ele…”