20VC: Does Value Accrue to Incumbents or Startups in the AI Race, Why Model Size Matters More Than Data Size, Why Artificial General Intelligence is Far Away, Why Carpenters Will Be Paid More Than Software Engineers & Future of Jobs with Richard Socher

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Richard Socher is the founder and CEO of You.com. Richard previously served as the Chief Scientist and EVP at Salesforce. Before that, Richard was the CEO/CTO of AI startup MetaMind, acquired by Salesforce in 2016. He is widely recognized as having brought neural networks into the field of natural language processing, inventing the most widely used word vectors, contextual vectors and prompt engineering. He has over 150,000 citations and served as an adjunct professor in the computer science department at Stanford.

In Today's Episode with Richard Socher We Discuss:

1. The Decade-Long Journey to Becoming an AI OG:

• How did Richard first make his way into the world of AI over a decade ago?
• What are 1-2 of his biggest lessons from working with Marc Benioff?
• How did 5 years at Salesforce impact how he both thinks and operates?

2. Models: Does Size Matter:

• How important is model size? Is data size more important?
• What are the biggest misconceptions people have around models today?
• How does Richard respond to the suggestion that "many startups are wrappers around LLMs"?
• Are hallucinations a feature or a bug?

3. Where Does Value Accrue:

• Where does Richard believe most of the value will accrue; startup or incumbent?
• Which incumbents are best positioned to win? Which are the laggards and behind?
• What do many not see about the startup vs incumbent race in the AI war?

4. Open vs Closed: Which Wins:

• Does Richard favour Yann LeCun's open approach? Or is the world of AI more closed?
• What are the biggest challenges of an open ecosystem?
• What are the nuances that make both challenging?

5. Richard Socher: AMA:

• Why will carpenters be paid more than software engineers in 10 years?
• Why is AGI still way off? Are people too unrealistic?
• How much money does Google make off search every day? Why does that leave them vulnerable?