Building Defensibility in AI | Summary and Q&A

TL;DR

Large language models will open up real business opportunities, challenging Google and leading to the emergence of distinctive businesses. Surprising outcomes will include generating net new knowledge for humanity and creating fundamentally new advancements.

Key Insights

• 👨‍💼 Very large language models will challenge Google's dominance in search and create opportunities for distinctive businesses.
• ✊ Chatbot interfaces and AI-powered services in medicine and education will see significant growth.
• 🥺 Access to APIs for language models will lead to the emergence of specialized startups that tune existing models for specific purposes.
• 👶 Surprising outcomes will include generating net new knowledge for humanity and contributing to scientific advancements.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What are the potential real business opportunities that will arise from very large language models?

The potential business opportunities include creating search products to compete with Google, developing human-level chatbot interfaces, and offering new services in fields like medicine and education.

Q: How can businesses differentiate themselves in the AI industry?

To create enduring differentiated businesses, startups can take existing very large language models and tune them for specific purposes, leveraging unique data and creating specialized versions of the models for themselves or others.

Q: What surprises can we expect from the widespread use of large language models?

One surprising outcome is that large language models will generate net new knowledge for humanity, adding to scientific advancements and potentially solving complex problems like curing cancer.

Q: What is the biggest mistake in thinking about large language models?

The biggest mistake is underestimating the ability of language models to generate fundamentally new knowledge. Many experts believe they will only replicate what already exists, but in reality, they have the potential to create groundbreaking advancements.

Summary

In this video, the speaker discusses the potential business opportunities that can arise from the use of large language models as APIs. They also touch upon the challenges of creating distinctive businesses on these APIs. The speaker believes that there will be a middle layer that becomes important, where startups can take existing large models and tune them for specific purposes. They also express their belief that these models will generate net new knowledge for humanity, contrary to the current thinking in the field.

Questions & Answers

Q: What are the real business opportunities that can arise from the use of large language models as APIs?

So far, we have seen businesses focused on copywriting and education services. However, with the quality of language models improving, there is a possibility for a serious challenge to Google for a search product. Additionally, human-level chatbot interfaces, new medical services, and new education services can become very large companies.

Q: How can businesses create distinctive offerings on the APIs that will be available to multiple players?

While there may be a small number of fundamental large models out there, there will also be a middle layer that becomes important. Startups can take existing large models and tune them for specific purposes. By doing this, they can create enduring value by providing a special version of the model with unique data that improves over time.

Q: What are some surprising aspects of the reach of large language models?

One surprising mistake in thinking that many people are making is assuming that these models will not generate net new knowledge for humanity. However, the speaker believes that these models can indeed contribute to the sum total of human scientific knowledge and even have the potential to cure diseases like cancer. This perspective contradicts the current thinking in the field.

Q: What is the biggest mistake people are making regarding the capabilities of language models?

The biggest mistake is thinking that language models will merely replicate what others have done without generating new knowledge. The speaker believes that these models have the potential to create fundamentally new advancements and surprise even the current experts in the field.

Takeaways

The speaker highlights the immense business opportunities that can arise from utilizing large language models as APIs. They anticipate a serious challenge to Google in the search product space and the emergence of new companies offering human-level chatbot interfaces, medical services, and education services. They also emphasize the importance of creating distinctive businesses by utilizing existing large models and tuning them for specific purposes. Additionally, the speaker challenges the prevailing belief that these models will not generate net new knowledge, suggesting that they have the potential to make significant scientific advancements.

Summary & Key Takeaways

• The use of APIs for very large language models will create real business opportunities and challenge Google's dominance in search.

• Human-level chatbot interfaces and new services in fields like medicine and education will become dominant, resulting in large companies.

• Multimodal models and language interfaces will open up new possibilities for AI technologies and contribute to the emergence of new businesses.