NG YEOL
Business Insights

An Asian AI Hub-in-the-Making: South Korea is well positioned to become a strong AI hub

Recently I visited South Korea, where I spoke at length about AI with President Yoon Suk Yeol. Based on what I saw there in government, business, and academia, the nation is well positioned to become a strong AI hub.
A graph of model pricing for GPT-4 and Llama 3.1. GPT-4 in March cost $36 per million tokens, GPT-4 Turbo $14, GPT-4o $7.
Business Insights

Falling LLM Token Prices and What They Mean for AI Companies: The price of using large language models like GPT-4 is falling dramatically. Here’s how AI companies can capitalize on the trend.

After a recent price reduction by OpenAI, GPT-4o tokens now cost $4 per million tokens (using a blended rate that assumes 80% input and 20% output tokens).
Thailand’s AI Push: How countries that aren’t AI hotspots will benefit from AI advances
Business Insights

Thailand’s AI Push: How countries that aren’t AI hotspots will benefit from AI advances

When entrepreneurs build a startup, it is often their speed and momentum that gives them a shot at competing with the tech behemoths. This is true of countries as well.
How to Brainstorm AI Startup Ideas: Best practices for brainstorming, evaluating, and prioritizing great ideas for AI startups and products
Business Insights

How to Brainstorm AI Startup Ideas: Best practices for brainstorming, evaluating, and prioritizing great ideas for AI startups and products

Last week, I wrote about why working on a concrete startup or project idea — meaning a specific product envisioned in enough detail that we can build it for a specific target user
Life in Low Data Gravity: With generative AI, data is bound less tightly to the cloud provider where it’s stored. This has big implications for developers, CIOs, and cloud platforms.
Business Insights

Life in Low Data Gravity: With generative AI, data is bound less tightly to the cloud provider where it’s stored. This has big implications for developers, CIOs, and cloud platforms.

I’ve noticed a trend in how generative AI applications are built that might affect both big companies and developers: The gravity of data is decreasing.
Three Themes for AI Entrepreneurs: Starting an AI company? Three keys to AI entrepreneurship emerged at AI Fund’s annual co-founder and CEO summit.
Business Insights

Three Themes for AI Entrepreneurs: Starting an AI company? Three keys to AI entrepreneurship emerged at AI Fund’s annual co-founder and CEO summit.

Earlier this month, my team AI Fund held its annual co-founder and CEO summit, where many of our collaborators gathered in California for two days to discuss how to build AI companies.
What If Large Language Models Become a Commodity?: Large language models are proliferating. What are the prospects for Amazon, Google, Meta, Microsoft, OpenAI, and LLM startups?
Business Insights

What If Large Language Models Become a Commodity?: Large language models are proliferating. What are the prospects for Amazon, Google, Meta, Microsoft, OpenAI, and LLM startups?

On the LMSYS Chatbot Arena Leaderboard, which pits chatbots against each other anonymously and prompts users to judge which one generated a better answer...
What's Next for OpenAI: The abrupt firing and reinstatement of OpenAI CEO Sam Alman leaves impacts both hopeful and worrisome.
Business Insights

What's Next for OpenAI: The abrupt firing and reinstatement of OpenAI CEO Sam Alman leaves impacts both hopeful and worrisome.

I’m delighted that the crisis at OpenAI, which you can read about below, seems to have been resolved with an agreement in principle for Sam Altman to return as CEO after his sudden firing last week.
Left: Datacenter Right: Human hands holding and manipulating a mobile phone
Business Insights

Why AI Will Move to Edge Devices: AI will continue to run in data centers, but technology and economics are pushing it to the edge as well.

I wrote earlier about how my team at AI Fund saw that GPT-3 set a new direction for building language applications, two years before ChatGPT was released. I’ll go out on a limb to make another prediction
Text message exchange: "Idk how to tell my partner I want to breakup. Can you help?"
Business Insights

Better Relationships Through AI: Doctors say there’s an epidemic of loneliness. Here's how large language models can help.

Improvements in chatbots have opened a market for bots integrated with dating apps. I’m concerned that AI romantic partners create fake relationships that displace, rather than strengthen, meaningful human relationships.
AI Fund's process for building startups
Business Insights

Where Are the Opportunities in AI? Here's Where to Look: Generative AI opens the way to create valuable products, especially in the application layer.

I recently spoke about “Opportunities in AI” at Stanford’s Graduate School of Business. I'd like to share a few observations from that presentation, and I invite you to watch the video (37 minutes).
Generative AI = Huge Opportunities: Businesses, governments, and investors worldwide want to take advantage of generative AI. Developers, it's your time to shine!
Business Insights

Generative AI = Huge Opportunities: Businesses, governments, and investors worldwide want to take advantage of generative AI. Developers, it's your time to shine!

Last week, I returned home from Asia, where I spoke at Seoul National University in Korea, the National University of Singapore, and the University of Tokyo in Japan and visited many businesses.
It's Time to Update Copyright for Generative AI: We need new copyright laws that enable generative AI developers and users to move forward without risking lawsuits.
Business Insights

It's Time to Update Copyright for Generative AI: We need new copyright laws that enable generative AI developers and users to move forward without risking lawsuits.

Many laws will need to be updated to encourage beneficial AI innovations while mitigating potential harms. One example: Copyright law as it relates to generative AI is a mess!
Doing Business with Chatbots: Companies might be overestimating how much it costs to run LLM-based applications.
Business Insights

Doing Business with Chatbots: Companies might be overestimating how much it costs to run LLM-based applications.

There are many great applications to be built on top of large language models, and the overhead of doing so may be lower than you think. Sometimes, I've spent all day on a weekend developing ideas only to find that I've spent less than $0.50.
Opportunities and Pitfalls for Large Language Models: The LLM business landscape is crowded with APIs and short on high-value, hard-to-build applications.
Business Insights

Opportunities and Pitfalls for Large Language Models: The LLM business landscape is crowded with APIs and short on high-value, hard-to-build applications.

The competitive landscape of large language models (LLMs) is evolving quickly. The ultimate winners are yet to be determined, and already the current dynamics are exciting. Let me share a few observations, focusing on direct-to-consumer...
Load More

Subscribe to The Batch

Stay updated with weekly AI News and Insights delivered to your inbox