Sam Altman: What Startups Will be Steamrolled by OpenAI & Where is Opportunity | E1223

20VC with Harry Stebbings November 4, 2024
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20VC with Harry Stebbings

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20VC, hosted by Harry Stebbings, takes you inside the world of Venture Capital, Startup Funding and The Pitch. Join Harry and discover how you can attain funding for your business by listening to what the most prominent investors are directly looking for in startups, providing easily actionable tips and tricks that can be put in place to increase your chances of getting funded. The Twenty Minute VC also provides an instructional guide as to what it takes to get employed in the Venture Capital industry, with VCs giving specific advice on how to get noticed from the crowd and increasing your chances of employment. Our amazing Venture Capitalists also provide their analysis of the current technology market, providing advice and suggestions on the latest investing trends and predictions. Join us so you can see how you can get big, powerful improvements, fast.

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Sam Altman is the CEO of OpenAI, one of the most important companies in history. OpenAI is on a mission to ensure that artificial general intelligence benefits all of humanity. Prior to OpenAI, Sam was the President of Y Combinator and an angel investor in Stripe, Airbnb, Reddit and Instacart. ----------------------------------------------- Timestamps: (00:00) Intro (01:01) Will OpenAI's Future Focus Be on Smaller or Larger Models? (01:47) Will No-Code Tools Empower Non-Technical Founders? (04:05) Where Will OpenAI Dominate & How Should Founders and Investors Prepare? (06:42) Is Masa Son's $9 Trillion AI Value Prediction Realistic? (08:43) What Role Will Open Source Play in AI & Should Models Be Open-Sourced? (12:52) Are AI Models Depreciating Assets or Becoming Exclusive Due to High Costs? (14:10) How Will OpenAI Continue Differentiating Its Models? (15:23) How Does OpenAI Advance Core Reasoning? (17:53) How Has Sam’s Leadership Changed Over the Last Decade? (20:52) Is Hiring Under 30s the Best Way to Build Companies? (23:34) Are Anthropic Models Better for Coding? When to Choose OpenAI vs. Others? (24:30) How Much Longer Will Scaling Laws Hold for Model Iterations? (26:34) What Unmade Decision Weighs on Sam’s Mind Most Often? (28:03) Is Sam Worried About Semiconductor Supply Chains & Global Tensions? (29:46) Is $100 Billion a Realistic Entry Cost for Foundation Models? (32:35) Quick-Fire Round ----------------------------------------------- 15 Questions with OpenAI CEO Sam Altman: 1. Will the trajectory of model capability improvement keep going at the same rate as it has been? 2. When did Sam doubt the continuance of scaling laws most? What has been the hardest technical research challenge OpenAI have overcome? 3. How worried is Sam about semiconductor supply chains and international tensions around them? 4. What is Sam’s biggest worry today? How has it changed over the last 12 months and 5 years? 5. In what ways does Sam feel he was and is unprepared for the role of CEO of OpenAI? 6. Was Masa Son right to suggest that $9TRN of value will be created every year by AI? 7. Why does Sam disagree with Larry Ellison’s statement that it will cost $100BN to enter the foundation model race? 8. Was Keith Rabois right that the best way to build companies is to hire under 30s? 9. What unmade decision weighs on Sam’s mind most often? 10. What is Sam most grateful to Y Combinator for? 11. What would Sam build if he were a 23 year old starting today with the foundational AI technology that is already in place? 12. What should startups not try and build as OpenAI will steamroll them? What should they try and build where OpenAI will not go? 13. What does Sam believe is the most exciting use of agents that he has not seen created yet? 14. How does Sam believe that human potential is most wasted today? 15. Who does Sam most respect in the world of AI today? Why them? ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow Sam Altman on Twitter: https://twitter.com/sama Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #samaltman #openai #chatgpt #ceo #ai #foundationmodels #hiring #futureofai

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