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Brian O’Malley

👤 Speaker
512 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And I think we've all been trained our entire lives that people make mistakes and that that's just a part of living.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And so if you get in a little fender bender from someone else, it's frustrating, but there's some understanding that people are going to screw things up.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

When computers screw things up, people don't really know how to process that.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

I think there's a similar example when my flight's been canceled, I call United and I kind of yell agent until they finally put me through to someone human.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And in that case, that person, I've had them screw up and book me the wrong flight.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

But like you're more understanding that people are going to make mistakes when the computer systems make mistakes.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

I think people ultimately get a lot more frustrated.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And so that's why for some of these businesses, even having a human front end to provide some level of empathy and some level of connection, if you screw it up or if you get it wrong, there's going to be a greater level of forgiveness than there currently is for these systems.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And so I think you talked about Tesla earlier.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

This is something that we're seeing it in self-driving, but it's going to move itself all the way through as people have more challenges.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And the reality is we're sitting at a point right now where there's a complete lack of trust in big tech.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

I would say this is kind of the lowest that it's been in a long period of time.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

So people don't fully trust big tech to have their best interests at heart.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And so when it screws up, not only are you frustrated, but you're also wondering, is this one of these examples where I'm not the customer, I'm the product, and there's someone else who's ultimately determining how this plays out?

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

There's a study that recently pitted AI versus cardiologists in 2023.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

So AI was on the first time off more.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

And then when they got to the final gold standard answer, the cardiologists were off on average by 3.77%.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

So again, to this point, yes, is AI perfect?

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

It should be at, you know, hopefully 1% error if it's something as important as somebody's heart.

How I Invest with David Weisburd
E291: Incentives, Not Intuition: How VC Really Works

So how many lives are being hurt by not applying more AI?