✳flâneur — a map of the web's best reading

AI Market Clarity - by Elad Gil - Elad Blog

blog.eladgil.com · 3,186 words · saved by 4 readers

AI markets have evolved significantly over the last 4 years. When GPT-3 came out and scaling laws were openly discussed in the AI literature, it seemed clear that you could extrapolate the rate of progress from GPT-2 to GPT-3 onwards through GPT-4, 5 etc and realize a revolution was going to happen. 4 years ago, I started looking for Generative AI companies to back or help start given this curve. I ended up leading or participating in early rounds in companies like Harvey, Perplexity, Character.AI, BrainTrust, and others. At the time it was clear to just “back all the best people working on all the biggest problems” because very few people were actually starting generative AI companies. OpenAI seemed to be the only clear foundation model company (with Anthropic pre-launch and promising, Llama non-existent, and Google clearly someone who could (and would eventually) aggressively innovate but was stymied at the time by its own internal processes). Thanks for reading Elad Blog! Subscribe

AI Market Clarity A subset of AI markets have crystalized in the last 12 months, with the likely market leaders for the next year or two suddenly clear Elad Gil Jul 22, 2025 339 38 Share AI Markets Have Crystalized AI markets have evolved significantly over the last 4 years. When GPT-3 came out and scaling laws were openly discussed in the AI literature, it seemed clear that you could extrapolate the rate of progress from GPT-2 to GPT-3 onwards through GPT-4, 5 etc and realize a revolution was going to happen. 4 years ago, I started looking for Generative AI companies to back or help start giv

Explore this link on the map →

saved by

related reading