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Global search engine market share in May 2023 (source) However, since the introduction of ChatGPT in November 2022, user habits (and perhaps expectations) began to change. It felt like magic to just type a question in natural language and have the answer formatted, generated, and iterated, on the spot.
Paul Graham’s recent essay, Founder Mode , describes the mindset that founders need to adopt to navigate the early stages of building a startup, and how they’re different than ‘manager mode’ which is traditional management/corporate best practices.
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I’ve written about Agentic AI on VC Cafe in May 2024 and specifically about AI agents as the evolution of RPA (robotic process automation) in September 2024. But first, a refresher on what is Agentic AI , how it’s different and why VCs are all of a sudden so excited about it. What’s Different About Agentic AI?
Iuri Struta , S& P Global ( source ) I was listening to Bret Taylor , the founder and CEO of Sierra, former co-CEO of Salesforce, ex CTO of Facebook and current chairman of OpenAI on the 20VC podcast. The Modern AI Stack – Menlo Ventures ( source ) If not LLMs, where will the value accrue in GenerativeAI?
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” Des Traynor, co-founder of Intercom AI startups attracted a record 46.4% LLMs for chip design ASIC and FPGA optimisation tools using AI Target 5100x performance improvements Focus on energy efficiency (10100x gains) 6. of the total $209 billion raised in venture capital funding in 2024.
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