AI should be hugely deflationary over twenty five years. Capital should be scarce for a while, current measures of GDP and the economy will be less relevant but goods and services should be in great abundance. The key question is what are the right measures and the right questions.
What I’m seeing for rounds today
Pre-Seed: $1-2M at $8-12M post w/ $0-100k ARR
Seed: $3-5M at $12-18M post w/ $0-300k ARR
Seed+: $2-3M at $18-25M post w/ $300k-$1.5M ARR
Series A: $8-12M at $40-60M post w/ $1.5M+ ARR
The biggest range is Series A, rest have remained steady
We just released "Large Language Models with Semantic Search”, built with @cohere, and taught by @JayAlammar and @SerranoAcademy. Search is a key part of many applications. Say, you need to retrieve documents or products in response to a user query; how can LLMs help? You’ll learn about (i) Embeddings, to retrieve a collection of documents loosely related to a query, and (ii) LLM assisted re-ranking, to rank them precisely according to relevance. You’ll also go through code showing how to tie all this together to build a complete search system for retrieving relevant Wikipedia articles. Please check it out!
https://t.co/H4O0xKBhOO
A talk I gave at MIT recently.
"Objective-Driven AI: towards AI systems that can learn, remember, plan, reason, have common sense, yet are steerable and safe"
Slides: https://t.co/22bsfjTwXh
Video:
https://t.co/LCkEHknE6L
Applications for the @TechnoVisionCom 12-week #MentorPitch2023 Program for post-incubation, pre-acceleration startups in Lagos is now open. You can apply here if interested or share with someone who might be and I look forward to meeting you personally. https://t.co/8P9O8nXyUS
@jonasschmedtman Your course structures are unlike anything out there. Looking forward to one on react. These others are <input placeholder="Waiting on Jonas's react course"> Do we need a petition with 609,142 signatures? 😁