Marc Andreessen, general partner at VC firm Andreessen Horowitz, took the stage at the Ray Summit conference earlier this month to talk about AI. CFO.com has pulled out the best quotes so you don’t have to watch the entire interview.
“Maybe all of these companies are in a race to the bottom,” Andreessen said when talking about the development of large language models (LLMs).
It may be obvious, but many aspiring entrepreneurs and veteran investors pay attention when Andreessen talks. For reference, his company is also investing in OpenAI, the developer of ChatGPT. The VC participated in a $300 million round in early 2023 that values OpenAI at $27 billion to $29 billion.
Things have changed significantly since then. Andreessen compared current AI development to “selling rice,” meaning there is little product differentiation. “It turns out anyone can make an LLM.” he said, referring to merchandising.
