Chamath is absolutely 💯 spot on. Agree. We created our proprietary claims language model even before openAI came out with ChatGPT for costs similar to actually less than DeepSeek right here in Silicon Valley. But investors want the hype, brash entrepreneurs, and flashy startups to invest millions and billions. You’re giving too much money to startups that don’t have a sustainable business model, and a good product in much needed industries and spaces. VCs keep giving me this theory that it has to be horizontal but nothing about LLMs are proprietary so anyone can come up with various other models more cost effectively down the road. It’s in the small domain models and implementations and open source libraries for middleware and some software around LLms that has intrinsically more value.
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