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Ravi Gupta

๐Ÿ‘ค Speaker
314 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

I think that the AI interaction most of us have is Apple's an amazing company, but the Apple intelligence summary of your text message is the most absurd. It's a terrible experience, right? And it's truly like laughable. It's more used for comedy than it is used for like actual value right now.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

I think that the AI interaction most of us have is Apple's an amazing company, but the Apple intelligence summary of your text message is the most absurd. It's a terrible experience, right? And it's truly like laughable. It's more used for comedy than it is used for like actual value right now.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And that's the interaction that most of us are having with this thing versus that wow experience for me of, oh my gosh, I actually know a lot more about this company now. And I would have never known this in this time period. That's real work. So the biggest change is like trying to have it help me with real work.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And that's the interaction that most of us are having with this thing versus that wow experience for me of, oh my gosh, I actually know a lot more about this company now. And I would have never known this in this time period. That's real work. So the biggest change is like trying to have it help me with real work.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

That is a good question and a very hard question. I think that when we say the AI is much better than we think, I think practically speaking, it means that it is way better. And this is a stolen insight from a friend of mine, but it is better at figuring out hard to figure out patterns than we would give it credit for. Do you see what I'm saying?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

That is a good question and a very hard question. I think that when we say the AI is much better than we think, I think practically speaking, it means that it is way better. And this is a stolen insight from a friend of mine, but it is better at figuring out hard to figure out patterns than we would give it credit for. Do you see what I'm saying?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It finds patterns in ways that wouldn't be obvious and it finds them ridiculously quickly. So you can be more ambitious and like where there might be a pattern that's not obvious. Its ability to discern that is different.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It finds patterns in ways that wouldn't be obvious and it finds them ridiculously quickly. So you can be more ambitious and like where there might be a pattern that's not obvious. Its ability to discern that is different.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

So maybe an example would be if you give it some framework, it can give you good acquisition ideas for the company because it can identify ways to optimize for the question you have. I want to improve my distribution and I'm in this space. It will find companies that are in a similar space that have tons of customers that might be a nice tuck in or a transformational acquisition.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

So maybe an example would be if you give it some framework, it can give you good acquisition ideas for the company because it can identify ways to optimize for the question you have. I want to improve my distribution and I'm in this space. It will find companies that are in a similar space that have tons of customers that might be a nice tuck in or a transformational acquisition.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

So I guess one thing would be, where can the AI help me being more ambitious about thinking about what it could do? And so maybe practically speaking, Patrick, I wrote this in the blog, I think going through role by role and figuring out what does that job actually do inside my company for a customer? And if I replaced it with... a really, really, really well-prompted AI, could it do it?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

So I guess one thing would be, where can the AI help me being more ambitious about thinking about what it could do? And so maybe practically speaking, Patrick, I wrote this in the blog, I think going through role by role and figuring out what does that job actually do inside my company for a customer? And if I replaced it with... a really, really, really well-prompted AI, could it do it?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And I think that you have companies that are vertical agent-oriented companies all over the place right now. You have it in customer service, you have it in SDRs, you have it in marketing. There's companies that are popping up, frankly, on the marketing side right now, going through each one and saying, okay, which one of those could be replaced or augmented by AI today?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And I think that you have companies that are vertical agent-oriented companies all over the place right now. You have it in customer service, you have it in SDRs, you have it in marketing. There's companies that are popping up, frankly, on the marketing side right now, going through each one and saying, okay, which one of those could be replaced or augmented by AI today?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And then this is a really important one. What about in six months? Paul Graham had this tweet that you and I both saw, which was the people that are really bleeding edge in AI, you should be building things that don't quite work right now with the models and are way too expensive. Because what do you know?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And then this is a really important one. What about in six months? Paul Graham had this tweet that you and I both saw, which was the people that are really bleeding edge in AI, you should be building things that don't quite work right now with the models and are way too expensive. Because what do you know?

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

You know that the model is going to get much better in the next three or six months, and you know it's going to get way cheaper at a hundredth of the price or whatever. So I think maybe role by role, can AI do it now? Can AI do it in six months? That's probably one exercise that I'd try to go through for like disruptability of my company with somebody else.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

You know that the model is going to get much better in the next three or six months, and you know it's going to get way cheaper at a hundredth of the price or whatever. So I think maybe role by role, can AI do it now? Can AI do it in six months? That's probably one exercise that I'd try to go through for like disruptability of my company with somebody else.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

The second thing that I'd probably be thinking about is ability to be the AI strategy for another company. Let's assume most companies are not going to be able to do this themselves. Can I be their answer to be the foot in the future? That to me is like an absolutely gold insight if your company has that possibility.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

The second thing that I'd probably be thinking about is ability to be the AI strategy for another company. Let's assume most companies are not going to be able to do this themselves. Can I be their answer to be the foot in the future? That to me is like an absolutely gold insight if your company has that possibility.