venturecapital

Sequoia believes there is a $600B debt owed by Web2 AI and its reaching a tipping point. 

The web2 AI narrative is moving towards how revenue will be earned by AI. The obvious route is how the application layer will evolve. (Evident by people's expectations 
@EthCC). Sequoia believes there is a $600B shortfall to revenues earned (Right now Web2 AI is about $4B ARR, with @openAI earning a majority $3.4B)

Perhaps we should focus our attention on how today's problems can be solved with AI instead of just developing AI for the sake of AGI... 

With more applications built with AI we will have a future with AGI thats supported by thriving businesses. 

https://sequoiacap.com/article/ais-600b-question/

TIL openai is at $3.4B

i'm curious how it breaks down between chatgpt "normie" users, enterprise chatgpt users, dev API users, enterprise API users

@operator & /operator | building future.news | BCI, bioinformatics, search, chaos, decentralized AI

Building Higher apparel at High Line 🧢 
Host at /clickcast /cpg || Husband to @shiwen

probably a decent portion, but not for large enterprise contracts i assume

there is probably also a significant amount of revenue coming from the microsoft/azure side of things

Real question is how much of that is propped up by VC money funneled into AI companies that are GPT wrappers

good question, following up on my post, 

futureresearch reported on OpenAI's earnings for the year...
what is surprising is only 15% is API. 
this may speak to generalized models being more valuable to consumers, it may demonstrate that enterprise is either building their own in-house models or prefer niche models over general ones today. 

hope this helps!

building in AI for crypto |
cofounder at rpslabs.io 

ex-stanfordGSB | orangeDAO fellow

that's actually astonishing, because all the microsoft partnership stuff would count under the API revenue right?