Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Bill Gurley

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
3383 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And how do you design that in to your system?

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

If you do, if you can figure that out and design that in, it'll have powerful long-term

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

implications for the success of your company.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

Let's say you're serving a functional vertical.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

If the learning of an individual customer becomes a learning for the whole group and everyone benefits, that's pretty powerful.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And I think that's very doable.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

I mean, there's some AI companies in the legal space.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

I'm not involved in any of them, but they're studying all the...

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

intake information that you would put into a lawsuit, but they're also studying all the precedent and legal case history.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And the AI is going to do X. And if you've got a human in the loop, you're going to notice the failure points and then you're going to improve the model.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And those kind of things could lead to someone that has an early lead having an even bigger lead in the long term if there's constant improvement of the model.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

There are people that have studied some of the stuff popping in China that hints at this.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And I should probably do more work on that and be more knowledgeable than I am.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

I would also say we had an early shot on goal with character, which traded.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

But there's two elements of the first wave of LLMs that I think make them not perfect for consumer.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

One is voice being really good, which they're getting better at.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And the second one being memory.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And they're starting to get better at that.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

I think they're doing it outside of the core LLM, but it doesn't matter.

Invest Like the Best with Patrick O'Shaughnessy
Bill Gurley - The Gift and The Curse of Staying Private - [Invest Like the Best, EP.427]

And then they put it in the context window.