It's not that he doesn't care. It's just that he believes that the next model will be the one that fixes it. And companies that jump on board now can simply update their model and be in prime position. Similar to how Tesla FSD is always 2 weeks away from perfection and when it happens they will dominate the market.
And because companies are experimenting with how to apply AI these startups are making money. So investors jump in on the optimism.
The problem is that for many use cases e.g. AI agents, assistance, search, process automation etc. they very much do care about accuracy. And they are starting to run out of patience for the empty promises. So there is a reckoning coming for AI in the coming year or two and it will be brutal. Especially in this fundraising environment.
> It's not that he doesn't care. It's just that he believes that the next model will be the one that fixes it.
No, what he does is he hopes that they can keep the hype alive long enough to cash out and then go to the next hype. Not only Garry Tan, but most VCs. That's the fundamental business model of VCs. That's also why Tesla FSD is always two weeks away. The gold at the end of the rainbow.
Garry Tan from YC is a great example of this.
It's not that he doesn't care. It's just that he believes that the next model will be the one that fixes it. And companies that jump on board now can simply update their model and be in prime position. Similar to how Tesla FSD is always 2 weeks away from perfection and when it happens they will dominate the market.
And because companies are experimenting with how to apply AI these startups are making money. So investors jump in on the optimism.
The problem is that for many use cases e.g. AI agents, assistance, search, process automation etc. they very much do care about accuracy. And they are starting to run out of patience for the empty promises. So there is a reckoning coming for AI in the coming year or two and it will be brutal. Especially in this fundraising environment.