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

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