This is awesome!! Echoing on that part especially, the emergence of "one-person company"!! That's exactly what we just talked about last month at a tech meeting up. Thanks for the valuable sharing!
Thank you for sharing! Great overview! AI on top of other technologies (Networks, Compute, Clouds ...) Productivity game/revolution, From Copilots to Agents, Reasoning, Reliability, Human + Machine networks, Company like a Neural Network.
00:03 AI brings three distinct capabilities for creating magical applications 02:07 AI has the potential to replace services with software, leading to massive revenue growth. 06:24 AI revolutionizing customer support and legal services 08:27 Generative AI is experiencing massive revenue momentum and customer adoption. 12:34 AI product Market fit to accelerate with rise in intelligence of Baseline models 14:29 AI advancements in Enterprise applications 18:36 AI is creating complex machine networks in knowledge work 20:26 Artificial intelligence driving cost reduction revolution 24:01 Companies integrating AI for customer support process optimization 25:42 AI poised to drive down costs and increase productivity in crucial areas Crafted by Merlin AI.
Now instead of farmers imagine what’s about to happen to millions of software engineers. These people love this so much because it will empower the business people to cut engineering completely out of the process of creating new products.
20:53 lacks basic economic meaning, requires inflation adjustment. Flat for 20 years in real terms. That being said profit/worker ratio is a far better measure than revenue/worker as otherwise you're ignoring efficiency gains reflected in margin growth.
"Hi everyone, here are the industries where we can most quickly/efficiently make human workers disposable, and transfer their salaries into shareholder profits!
On the field of dreams metaphor. You need to capture expenses saved and revenue, not just revenue (ie F500s automating internal customer care, policy support etc).
My favorite part of this video is how gleeful these investors are about creating massive labor and privacy problems, on top of the existential nightmare.
This is why capitalism doesn't work in a world of A.I. at least not in the way we do it now. Corporations will do what's best for shareholders. Which is to get rid of people.
Where should we have stopped? Before or after the discovery of fire? Steam engines? Antibiotics? I get the fear but crying isn't going to solve anything.
Yes at the end of the day we can drive down costs and be better in terms of product but this will also remove the need for humans to do a lot of the work. This is ideal but in reality this doesn’t help people. It just helps the rich people richer and doesn’t grow the society to make them better. I am a proponent of tech and will be but it needs to be for the betterment of society and not just the big guys getting better
I really doubt agents will take humans out of the loop entirely... they'll rather run as autonomously as users like and will prompt the human for approvals (and corrections) frequently.
Is anyone working to create a bug-like (inspired) garden drone that can self-deploy itself (i.e. be fully autonomous) so as to indefinitely maintain the desired shape of my backyard trees, bushes, and shrubs? So, no more falling off ladders. No more a need for dangerous tree cutting tools. And no more expensive tree service calls. I'd call it ... The BonzAI Because that is the type of ground-breaking, industry-disrupting, AI product that "the market" will want to see ... soon.
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The excitement to replace human beings with AI and saying so with a smile is so dehumanizing. Can't wait to replace VC's with AI investors. If I was a family office, I would choose an AI investor over smarmy VC's anyday.
What about the value of money? As you know, the USD has value in the USA because people are willing to work for it. Need a plumber, call him to come work for you and he will gladly take your usd in the USA. Don't try to pay him with Chinese yuan or Euros, that won't work. If workers don't work for that currency, it has no value. So, AI robotic workers have no need to work for currency either , so what will that do to the value of USD, etc?
Yes so this will help the owners but what about the masses.....And what will you all do when labor markets collapse cuz the new robotic workers will have no need to buy the stuff that you all make? haha
Thank you Sequoia for publishing these talks.
Love the session. And Pat was being very euphemistic. By "replacing services with software", it really means "replacing human workers with software"
YES....100% correct.
Thank you so much for uploading this and not hoarding this knowledge in silicon valley. I think you are doing the world a massive favour!
This is awesome!! Echoing on that part especially, the emergence of "one-person company"!! That's exactly what we just talked about last month at a tech meeting up. Thanks for the valuable sharing!
Thanks for sharing great valuable contents.. Great Presentation.
Good stuff guys. Captures the historical present and future opportunities very well
Thank you for making these available! Great stuff!
one of the best videos to illustrate the opportunity of AI, thanks a lot!
Thank you so much for sharing this!
Fantastic insight on the AI industry’s evolution and future. Thank you!
Thank you for sharing! Great overview!
AI on top of other technologies (Networks, Compute, Clouds ...) Productivity game/revolution, From Copilots to Agents, Reasoning, Reliability, Human + Machine networks, Company like a Neural Network.
one of the best primers on value creation in AI
00:03 AI brings three distinct capabilities for creating magical applications
02:07 AI has the potential to replace services with software, leading to massive revenue growth.
06:24 AI revolutionizing customer support and legal services
08:27 Generative AI is experiencing massive revenue momentum and customer adoption.
12:34 AI product Market fit to accelerate with rise in intelligence of Baseline models
14:29 AI advancements in Enterprise applications
18:36 AI is creating complex machine networks in knowledge work
20:26 Artificial intelligence driving cost reduction revolution
24:01 Companies integrating AI for customer support process optimization
25:42 AI poised to drive down costs and increase productivity in crucial areas
Crafted by Merlin AI.
Insightful analysis on AI funding and its impact on technology evolution
I use chatGBT and its one of the best AI tools I've downloaded this year. Keep up the great work guys.
Very informative video. You guys are amazing.
Great presentation! Thanks a lot
Thank you! Can we get the presentation?
Thanks for sharing!
Great insight to the AI market but at 26:01 I guess there was a typo in node Recommend ations shouldn't it be actions?
Bro it is the word recommendations 😅. Average order value depends on product catalog and personalized product recommendations
Now instead of farmers imagine what’s about to happen to millions of software engineers. These people love this so much because it will empower the business people to cut engineering completely out of the process of creating new products.
Thank you
this video is a w
Good forum Sequoia
20:53 lacks basic economic meaning, requires inflation adjustment. Flat for 20 years in real terms. That being said profit/worker ratio is a far better measure than revenue/worker as otherwise you're ignoring efficiency gains reflected in margin growth.
Respect 👏
Does Sequoia focus on candidate experience platform ?
"Hi everyone, here are the industries where we can most quickly/efficiently make human workers disposable, and transfer their salaries into shareholder profits!
Good history of tech comparisons
Does anyone know the brand of Constantine’s jacket?
On the field of dreams metaphor. You need to capture expenses saved and revenue, not just revenue (ie F500s automating internal customer care, policy support etc).
One good "halfway point" that's good for anyone who wants to catch-up, and not feel it's dumbed down or spoonfed.
After watching this video for 3 times in one day, I’m now thinking about quitting my job next Monday
+1
I'm curious about why. To pursue a company idea or don't see the point in working?
Yes tell us why
Haha same only it’s the second day in a row!
I already did lol!
My favorite part of this video is how gleeful these investors are about creating massive labor and privacy problems, on top of the existential nightmare.
This is why capitalism doesn't work in a world of A.I. at least not in the way we do it now. Corporations will do what's best for shareholders. Which is to get rid of people.
Where should we have stopped? Before or after the discovery of fire? Steam engines? Antibiotics? I get the fear but crying isn't going to solve anything.
Do not let Konstantine anywhere near your companies my god
what an idiot
Why?
Pretty realistic talk in my opinion from his side
Why?
James is right
Maravilha muito esclarecedora conhecimento e vida nos liberta seria melhor se liberar campo da legenda para poder acompanhar
Plato’s idea is a metaphysical entity, which ai can never grasp.
I would be very careful with using the words “AI” and “never” in the same sentence.
@@uwepleban3784 Chinese room territory. If ai can truly reason (do first-order logic and detect fallacies), I will reconsider my position.
~“future companies will be neural networks that optimize for profit”
Yes at the end of the day we can drive down costs and be better in terms of product but this will also remove the need for humans to do a lot of the work.
This is ideal but in reality this doesn’t help people. It just helps the rich people richer and doesn’t grow the society to make them better. I am a proponent of tech and will be but it needs to be for the betterment of society and not just the big guys getting better
rise of the (n)one person company 🤖🤖
That microphone has a dent.
I really doubt agents will take humans out of the loop entirely... they'll rather run as autonomously as users like and will prompt the human for approvals (and corrections) frequently.
reason by analogy? ngmi
: connecting to Aankh the third eye is punishaable
Is anyone working to create a bug-like (inspired) garden drone that can self-deploy itself (i.e. be fully autonomous) so as to indefinitely maintain the desired shape of my backyard trees, bushes, and shrubs? So, no more falling off ladders. No more a need for dangerous tree cutting tools. And no more expensive tree service calls. I'd call it ... The BonzAI
Because that is the type of ground-breaking, industry-disrupting, AI product that "the market" will want to see ... soon.
Did he say AI reduces housing cost??
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They are making a basic mistake trying too hard to tie the AI story to historical precedents.
This video contains confidential material, as clearly stated throughout the presentation slides, and shouldn't be made publicly available on RUclips.
Well, Sequoia is in trouble with this next generation of partners that they have. Really not impressed.
The excitement to replace human beings with AI and saying so with a smile is so dehumanizing. Can't wait to replace VC's with AI investors. If I was a family office, I would choose an AI investor over smarmy VC's anyday.
What about the value of money? As you know, the USD has value in the USA because people are willing to work for it. Need a plumber, call him to come work for you and he will gladly take your usd in the USA. Don't try to pay him with Chinese yuan or Euros, that won't work. If workers don't work for that currency, it has no value. So, AI robotic workers have no need to work for currency either , so what will that do to the value of USD, etc?
So much content yet so little meaning. It’s all the obvious these guys stated.
Yes so this will help the owners but what about the masses.....And what will you all do when labor markets collapse cuz the new robotic workers will have no need to buy the stuff that you all make? haha