AI development conference sparks talks of startup extinction

Share post:

AI experts and investors gathered at the Axios’ AI+ Summit this week to discuss the future of the industry, with some predicting a “startup mass extinction event” due to the rapid advancements in AI technology.

Investors at Sequoia Capital and Andreessen Horowitz, however, expressed optimism, stating that they are still actively investing in AI startups, particularly those focused on solving complex problems with their products.

They cautioned against investing in companies that are merely incremental improvements of existing AI infrastructure, emphasizing the importance of originality and innovation.

The discussion also highlighted the growing importance of international AI talent, with both firms acknowledging the hotbeds of innovation emerging outside of Silicon Valley.

On the topic of copyrights and the use of data in AI systems, investors expressed cautious optimism about OpenAI’s announcement that it will defend customers accused of infringement. They believe this move signals OpenAI’s confidence in the legal defensibility of its technology.

The sources for this piece include an article in Axios.

Featured Tech Jobs


Related articles

Canada, U.S. sign international guidelines for safe AI development

Eighteen countries, including Canada, the U.S. and the U.K., today agreed on recommended guidelines to developers in their nations for the secure design, development, deployment, and operation of artificial intelligent systems. It’s the latest in a series of voluntary guardrails that nations are urging their public and private sectors to follow for overseeing AI in

AI is changing the world, critics and supporters agree

At Axios' first AI+ Summit in San Francisco, leaders and critics of the AI revolution agreed that AI...

Apple defends 8GB base RAM for new M3 MacBook Pro

Apple's new 14-inch M3 MacBook Pro has been met with some criticism for its base configuration of 8GB...

Facial recognition used at Beyoncé concert to scan for potential threats

South Wales Police used facial recognition technology to scan crowds attending a Beyoncé concert in Cardiff in May,...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways