26,361 karma · joined June 27, 2014
And there will be competition. I see zero moat right now. The user specific part of the state of the model sits outside of the control of the model (it is basically my code base, or my prompts, all of which I can transfer to any competitor).
Interesting thoughts from Dwarkesh Patel on the future of models [1]. In summary, no moat if a client can switch to a competitor from a dropdown when all models are similar-ish (so models are commodities), but to really compete with humans, AI needs to start "learning on the job", i.e. accumulating experience like an employee (as opposed to the training / inference approach where the model isn't learning after it is released). If your model does that, then you have vendor lock-in as you can't replace an experienced model with a competitor. Then the value is in the model.
As in the 90s, this could go in all sort of different directions, hard to make predictions. And remember the 90s: the value was in the browser (you had to purchase it, eg Netscape), then the browser came for free with the OS (no value in the browser), then the browser was the most important thing in the world as it was control over the default search engine, everyone thought portals was the most important thing to control, so ISPs had their own applications accessing the internet from their own portal, etc - none of those people were stupid.
I don’t understand that. To me the severity has nothing to do with how popular is a code path, but whether that code path is accessible to an attacker. If I upload a specially crafted .mkv with a little known codec on YouTube and they use ffmpeg to process it, and I compromise YouTube’s infrastructure that way, it’s a pretty big deal, no matter the popularity of that codec.
But pre-LLM developers were bogged down in mountain of boiler plate code and unfamiliar APIs. LLM enable to abstract away a lot of the unnecessary complexity that made developers improductive
But a modern engineer has computers, math software, can code, has all the knowledge of the internet at their fingertips. With all that assistance I believe modern engineers are way more productive and capable.
I remember a major French pro-european politician (Modem party) attempting to define Europe (in the context of integrating Turkey), as "the friends of democracy". When you can't (or rather refuse to) define your identity, the only thing left to represent it is birds, office buildings and bridges. Notre Damme de Paris or the Pantheon in Rome are just old embarrassing historical artefacts of an evil civilisation.
If that understanding is correct it means the addressable market is countryside and transportation (planes/ships/RV). Which necessarily makes starlink at most a fairly modest size ISP in terms of valuation?
[edit] also snapshots aren’t really workable for large files. Remux a movie file and now it occupies twice the space.