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  • Too risky to build things in Generative AI right now?

    Yash
    34 replies
    - New startups & products launched daily - Old startups in the same space pivoting - Giants moving like startups What's your strategy in this chaos?

    Replies

    JDS
    Finclout
    Finclout
    You have a largely of model risk (i.e., OpenAI, Google, et al change er ugprade the model without telling you) Then you have vendor risk. It's a variety from the above, but your API connection could be removed at any point in time. Hence, I have become a proponent of Open Source, Local LLMs, and proper evaluation frameworks for prompt quality
    Mehdi Rifai
    I would focus on creating AI generative products that focus on synthesis and decision making enhancement rather than content generation based on instructions
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @mehdi_rifai interesting thought!
    Mukeshy
    While there are risks associated with generative AI, it is possible to manage these risks through careful planning and implementation, allowing organizations to take advantage of the technology's potential benefits.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @random_video_md Good thoughts, Mukesh! How would you recommend these risks are managed?
    Mukeshy
    @yashthakker To avoid problems when using generative AI, companies should test it well, be fair and transparent in how they use it, consider how it might affect different people, and keep an eye on how well it's working.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    Matthias Neumayer
    Branding5 - AI Competitor Analysis
    Try and have fun I guess :)
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    David J. Kim
    There's going to be a massive massive new opportunity with GPT Plugins. You could train your AI model in a very specific problem and sell it as a GPT plugin.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @between_team makes complete sense
    saranraj santhanam
    I'd still go ahead build it. The experience will elevate you to next level!
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    Levon Abelyan
    Focus on next 5 years not in daily or monthly basis
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @fooplix makes sense. Curious question: when you say 5 years - you mean stick with the vision or pivot if needed?
    Justin Johnson
    We're in a pioneering phase right now in AI, lots of opportunity to be made if you know where to dig.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @justin_govy awesome! what are you guys working on?
    Anthony Susanto
    If you just connect to GPT and that's it, then yes, because there's no moat and it's a soon-to-be saturated market. Still in this space, I don't think there's a winner yet. The key here is to understand the value your startup is giving, clear moat (apply strong prompt engineering to connect with the LLM), and execute it very well.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    Richard Gao
    I would say right now is the best time and least "risky" for generative AI You don't want to wait until the market is saturated But the same logic applies: build something that solves a need. If you're just building a GPT wrapper with no or little prompt tuning, then that would not yield strong returns. But if you're applying lots of prompting or having your own AI model like in image generation, then it should be much better This is what we're doing with evoke-app.com
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @richard_gao2 great point of view.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @sfaoui_abdeljabbar added my thoughts too.
    Benard Ogutu
    I'll still take my chances 😅
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    Hashir Ahmed
    @benard_ogutu Motivation🙌🙌
    Stephen
    Conversa - Videos That Talk back
    Conversa - Videos That Talk back
    Our strategy is to use the best new tools to meet our organizational goals. But that has not changed. We were already deploying generative AI into our platform. That said the better the tools become the more useful they are, the more we deploy them. Key thing here is that being an AI company - which we have been for 5 years - was never an aim in itself. We deploy AI to enhance human communication with our platform Conversa - 2.0 launching on PH 20th April
    Valorie Jones
    Conversa - Videos That Talk back
    Conversa - Videos That Talk back
    The important part is to 1) stay focused on improving your customer 2) keep innovating and stay different. Generative AI is evolving so fast that it is still possible to do both.
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot
    @val_jones Makes sense!
    Yash
    Olly - Your AI Social Media Co-Pilot
    Olly - Your AI Social Media Co-Pilot