There are a bunch of AI announcements in the news today. OpenAI is releasing Point-E, which is like DALL-E but for 3D modeling. Its resolution isn’t great, but it’s up to two magnitudes faster than competing systems. Adobe released Project Podcast, a free AI-powered audio processing tool that can enhance voice recordings, making them sound like recordings made in a professional audio studio. Google announced a research project for an app that can read a prescription written in “doctor’s handwriting” and figure out what the doctor was trying to prescribe.
This is absolutely the year of AI, and the announcements are just going to keep on coming. One of the biggest opportunities for value creation in the next few years will be companies that leverage the base layers provided by large language models and finely tune highly-specialized middle layers above them. Think of it as training (educating) workers, then renting them out to other companies. The startup thesis for 2023? Find an existing problem or inefficiency you can solve by fine tuning a large language model, then turn the solution into a SaaS. So exciting!!!
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.