Hi Kaare! Honestly I don't know of the investment community has yet developed really good heuristics for which sorts of AI technologies will have durability/moats and which will not. So much of this will be determined by how the foundation models scale, and nobody knows what that will look like 1-3 years out from now, even the people who work at places like OpenAI. So I think a lot of investors are guessing, making a lot of bets, and hoping that when we know the answer in a few years that they will have a few key investments that remain differentiated/moaty.
This is great, Patrick! How do investors evaluate something like AI right now? ie, the quality and durability of the technology
Hi Kaare! Honestly I don't know of the investment community has yet developed really good heuristics for which sorts of AI technologies will have durability/moats and which will not. So much of this will be determined by how the foundation models scale, and nobody knows what that will look like 1-3 years out from now, even the people who work at places like OpenAI. So I think a lot of investors are guessing, making a lot of bets, and hoping that when we know the answer in a few years that they will have a few key investments that remain differentiated/moaty.