Anarchy Labs reposted this
Hello Fellows Fund Friends and AI Founders, Happy New Year! 🌟 We, our 20+ AI fellows at Fellows Fund, have a must-read article for you: 1. Eagerly Anticipated AI Breakthroughs: Since 2016, we have been eagerly awaiting significant advancements in AI. Now, they're unfolding before our very eyes! 2. Comprehensive Review of AI Startups: In 2023, we meticulously analyzed over 500 AI startups and chose to invest in 13. This journey brought us into conversations with many of the most important players in the AI arena, enriching us with a wealth of experience in fostering their growth. 3. Historical Insights with Contemporary Relevance: Our deep dive into the California Gold Rush era revealed numerous parallels with today's AI surge. The compelling stories and lessons drawn from history are vital for anyone involved in AI today. Join us in this exciting journey to build groundbreaking AI startups and make your entrepreneurial dreams a reality. Cheers to a year of innovation and discovery! Special thanks to Jianchang (JC) Mao Vijay K Narayanan Daisy Z. for their great contribution to this article. Best wishes, The Fellows Fund Team 🚀👩💻👨💻 #AIInnovation #NewYear2024 #FellowsFund Xuedong Huang Eric S. Yuan (he / him / his) Vijay K Narayanan Jianchang (JC) Mao Shiva Rajaraman Charles Elkan Eric Xing Gang Hua Dragomir Anguelov (Drago) Deepak Agarwal Yiran Chen Dawn Song Xinran Wang Li Deng Anshul Pande Jeff Trudeau Lijiang Fang Kyle Bailey Yi Huang Jia Li Sanj Goyle Praveer Fellows Fund AI Portfolio: Gamma Taskade Truewind Opus Clip Kyber LiveX AI Inc. Diffuse Bio CodeComplete AI Persist AI Aikium Inc. Nurdle AI Meaning Anarchy (YC W23) InsightFinder Inc.
LiveX AI Inc.
10mo
Thank you Alex Ren and Fellows Fund for the wonderful partnership! Fellows Fund’s AI talent and leadership are extremely valuable!
Vincent Granville
10mo
Those selling shovels or operating taverns made great money back then. Very few made money out of actual gold. Same now: those selling GPU computing, and those marketing and advertising AI solutions, are the big winners. Not the companies implementing the AI solutions, mostly due to poor understanding.
Justin Davis
9mo
Love this and excited for the year(s) ahead together 🚀
Jia Li
10mo
Indeed best time to build! Look forward to the exciting 2024!
Li Deng
10mo
In 2011, we regarded the (predictive) deep learning as gold rush. The past year signals the start of gold rush SQUARED with generative deep learning. Happy New Year to everyone!!!
Umar Lateef
10mo
Will definitely give this a read and congrats on your advancements this year, wishing you a brighter and better new year
Thank you Alex! 2024 will be even more exciting!
Haixun Wang
10mo
Great read on the AI Rush, Alex. Your insights are spot-on! Excited to see where this modern gold rush takes us all. 🚀
Lijiang Fang
10mo
Happy New Year! Look forward to many new breakthroughs in 2024!
Great article, Alex Ren. One thing that I would like to add that was not prominently featured in the article is the importance of data to train those new LLM capabilities. It is especially critical for vertical applications like AI Agents. Collecting, organizing and managing quality and fresh data will be one of the hardest problems as well as opportunities for companies that want to profit from “selling shovels”.