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Business Management Review | Tuesday, August 02, 2022
The importance of AI works and monitors worldwide. This has become a wide-open field of discussion.
FREMONT, CA: Open AI, the company founded and run by Sam Altman, has developed neural networks that can create creative text and images with astonishing speed and ease.
This interview with James Currier, a five-time founder, and current venture investor who co-founded the company NFX with several of his serial founder friends, can be helpful if, on the other hand, they have only been obliquely following the company's development and the increasing traction that other so-called generative AI companies are suddenly gaining.
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Currier belongs to the group of those actively monitoring the development; in fact, NFX has made multiple investments in generative tech, as it refers to, and it is drawing more of the team's attention each month. Currier believes that the buzz surrounding this novel AI development is less hype than it is the awareness that the startup industry as a whole is now presented with a huge opportunity for the first time in a very long time.
According to Currier, one of these Cambrian outbursts occurs every 14 years. In 1994, there was one that circulated online. In 2008, one was focused on cell phones.
Undoubtedly, that is one of the significant benefits. Consumers don't need to spend that much money to store all that data, and they can create tens of gaming experiences that all use it with a tiny team of workers. Though individuals get fundamentally different gaming experiences from incorporating AI into games as opposed to existing games, the idea is that they’ll add generative AI to old games, so non-player characters may say something more fascinating than they do now.
Since the Open AI GPT-3 model was only the first, all of this generative technology will not be based solely on it. Now that the open-source community has reproduced a large portion of their work, they are probably eight to six months behind in terms of quality. But it will eventually arrive. There will be fierce price rivalry and a proliferation of these models that compete with Open AI because the open-source versions are just a third, fifth, or twenty times as expensive as Open AI.
Then, original AI models will be constructed on top of those. Therefore, an AI model highly focused on creating poetry, an AI model highly focused on creating visual representations of dogs and dog hair, or an AI model highly focused on creating sales letters.
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