This month, Marc Andreessen, general partner at the venture capital company Andreessen Horowitz, spoke about AI at the Ray Summit conference
You don’t have to watch the interview because CFO.com has picked the best lines.
He said about the growth of large language models (LLMs), “Maybe all of these companies are in a race to the bottom.”
That may seem a no-brainer, but many hopeful business owners and experienced investors pay attention when Andreessen talks. To tell you, his company also invests in OpenAI, the company that made ChatGPT. In early 2023, the VC took part in the $300 million round that put OpenAI’s value between $27 billion and $29 billion.
Since then, things have changed a lot. Andreessen said that AI is being developed, such as “selling rice,” which means there isn’t much difference between the products. He used the idea of selling to say, “It turns out that anyone can make an LLM.”