What I didn’t totally appreciate until now is how that shifts us off the course where a few frontier labs end up becoming ACME mega corp which run the whole world and capture everyone’s money.
Power and value shifts to those who figure how to leverage LLMs to create value. Similar to how the use of a particular programming language is rarely the key to success and ISPs aren’t in charge of everything. Rather, the ability to turn code and a connection to people via the internet is the key to success.
So that makes me wonder - is the dot-com style correction in the industry required before we truly get a wave of exciting new companies emerge which upend society through the use of LLMs. Or can that shift happen without one?
I struggle to decide how this compares/contrasts with the dot com era. Where we had both the dot.com bubble burst and the internet totally change society.
This has already been known for 4 years now amongst my peers.
Growth Equity raises like OpenAI's $110B round is not a Venture Capital raise nor a PE raise
> is the dot-com style correction in the industry required before we truly get a wave of exciting new companies emerge which upend society through the use of LLMs
Nope. The Application layer along with Reinforcement Learning and DeepTech funding for hetrogenous computing and quantum/post-quantum has been hot for the past 2-3 years.
Most are in stealth. Most are B2B and Enterprise. Most of those founders don't use HN, as HN has an increasingly negative reputation amongst people in the space, and because HN's userbase has increasingly become more European individual contributors and less Bay Area, so the signal to noise ratio has dropped dramatically