Marc Andreessen, general partner at venture capital firm Andreessen Horowitz, spoke about AI at the Ray Summit conference earlier this month. CFO.com has selected the best quotes so you don't have to watch the entire interview.
“All these companies are probably racing to the bottom,” Andreessen said when talking about large-scale language model (LLM) development.
While this may be stating the obvious, many aspiring entrepreneurs and veteran investors take notice of Andreessen's story. As a reminder, his company is also an investor in OpenAI, the developer of ChatGPT. The VC participated in a $300 million round that valued OpenAI at $27 billion to $29 billion in early 2023.
Things have changed a lot since then. Andreessen likened current AI development to “selling rice.” This means there is not much product differentiation. “It turns out that anyone can make an LLM,” he said, bringing up commercialization.