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Bret Taylor

👤 Person
552 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It's a solution for sales, service, and marketing teams, and it has a ton of value. And the same reductive backhanded comment can be made of any software-as-a-service application. And I think it's borne by companies, CIOs, CTOs, CEOs, knowing that actually they don't want to be the one building software. They just want a solution that works. Software is like a lawn. It needs to be tended to.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It's not like you write software once and it just works forever. And the total cost of ownership of building and maintaining software is so great that I think almost every company that has chosen to build their own in a area of their business where there is a software as a solution service available has regretted it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It's not like you write software once and it just works forever. And the total cost of ownership of building and maintaining software is so great that I think almost every company that has chosen to build their own in a area of their business where there is a software as a solution service available has regretted it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It's not like you write software once and it just works forever. And the total cost of ownership of building and maintaining software is so great that I think almost every company that has chosen to build their own in a area of their business where there is a software as a solution service available has regretted it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And you've seen this like secular trend towards away from build your own towards software as a service. I think the same will be true of AI. I think there's a bit of a focus right now on both the data centers and the models because the future is so unclear.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And you've seen this like secular trend towards away from build your own towards software as a service. I think the same will be true of AI. I think there's a bit of a focus right now on both the data centers and the models because the future is so unclear.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And you've seen this like secular trend towards away from build your own towards software as a service. I think the same will be true of AI. I think there's a bit of a focus right now on both the data centers and the models because the future is so unclear.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It is by far the clearest way to sort of invest in AI right now is to invest at the lowest layer of the stack because you know that whatever happens on top that those layers will sort of collect taxes. of everyone working on AI above it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It is by far the clearest way to sort of invest in AI right now is to invest at the lowest layer of the stack because you know that whatever happens on top that those layers will sort of collect taxes. of everyone working on AI above it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

It is by far the clearest way to sort of invest in AI right now is to invest at the lowest layer of the stack because you know that whatever happens on top that those layers will sort of collect taxes. of everyone working on AI above it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

But I don't see why companies would want to take this bag of floating point numbers and morph it into a solution themselves, because I believe the same dynamic that played out in the cloud will play out in AI. So at CIRA, which is my company, we make a solution. We're not doing pre-training. We're fine tuning other people's models to build the solution.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

But I don't see why companies would want to take this bag of floating point numbers and morph it into a solution themselves, because I believe the same dynamic that played out in the cloud will play out in AI. So at CIRA, which is my company, we make a solution. We're not doing pre-training. We're fine tuning other people's models to build the solution.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

But I don't see why companies would want to take this bag of floating point numbers and morph it into a solution themselves, because I believe the same dynamic that played out in the cloud will play out in AI. So at CIRA, which is my company, we make a solution. We're not doing pre-training. We're fine tuning other people's models to build the solution.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And we're helping companies build customer facing agents primarily for customer service. So for companies like Sonos or Sirius XM or Chubbies, there are other companies like Harvey who are making legal agents, companies making coding agents that are essentially building software.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And we're helping companies build customer facing agents primarily for customer service. So for companies like Sonos or Sirius XM or Chubbies, there are other companies like Harvey who are making legal agents, companies making coding agents that are essentially building software.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And we're helping companies build customer facing agents primarily for customer service. So for companies like Sonos or Sirius XM or Chubbies, there are other companies like Harvey who are making legal agents, companies making coding agents that are essentially building software.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And I think that if you are a head of a legal department or you're the CTO of a company, why would you want to take a model and try to build all the workflows for your engineering team or take a model and say, OK, let's work with our IT department and see how our partners can use this instead of a paralegal. What you want is a push button solution that solves a problem.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And I think that if you are a head of a legal department or you're the CTO of a company, why would you want to take a model and try to build all the workflows for your engineering team or take a model and say, OK, let's work with our IT department and see how our partners can use this instead of a paralegal. What you want is a push button solution that solves a problem.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And I think that if you are a head of a legal department or you're the CTO of a company, why would you want to take a model and try to build all the workflows for your engineering team or take a model and say, OK, let's work with our IT department and see how our partners can use this instead of a paralegal. What you want is a push button solution that solves a problem.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Bret Taylor: The AI Bubble and What Happens Now | How the Cost of Chips and Models Will Change in AI | Will Companies Build Their Own Software | Why Pre-Training is for Morons | Leaderships Lessons from Mark Zuckerberg

And so I think this idea that somehow the way the world wants to buy software will change because these models are really smart doesn't resonate with me. The area actually of AI that I am most excited about Obviously, everyone's excited about AGI. It's why I chose to work with OpenAI. But I'm really excited about applications. I think it's early there.