Why generative AI is mostly a bad VC bet.
From the highly credible Rob May, investor in 100+ AI companies. His point is that there’s little defensibility for most of these companies. First, before there are no barriers to entry. Second, the foundational models that these companies rely on may soon become their competitors. The latter remains a big risk for Austin-based unicorn Jasper, despite them rocketing to early success on the back of GPT-3. Notwithstanding all that, there are still plenty of businesses to be built here that need neither venture scale nor venture cash to make a great profit for founders. ~ learn more