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Generative AI’s Act Two | Sequoia Capital

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Scientists, historians and economists have long studied the optimal conditions that create a Cambrian explosion of innovation. In generative AI, we have reached a modern marvel, our generation’s space race. This moment has been decades in the making. Six decades of Moore’s Law have given us the compute horsepower to process exaflops of data. Four decades of the internet (accelerated by COVID) have given us trillions of tokens’ worth of training data. Two decades of mobile and cloud computing have given every human a supercomputer in the palm of our hands. In other words, decades of technological progress have accumulated to create the necessary conditions for generative AI to take flight. ChatGPT’s rise was the spark that lit the fuse, unleashing a density and fervor of innovation that we have not seen in years—perhaps since the early days of the internet. The breathless excitement was especially visceral in “Cerebral Valley,” where AI researchers reached rockstar status and hacker hou

Generative AI’s Act Two By Sonya Huang , Pat Grady and GPT-4 Animation: James Buckhouse, Midjourney and Runway Published September 20, 2023 One year ago, we published a hypothesis that generative AI would become a profound platform shift in technology. Then came the firestorm. Scientists, historians and economists have long studied the optimal conditions that create a Cambrian explosion of innovation. In generative AI, we have reached a modern marvel, our generation’s space race. This moment has been decades in the making. Six decades of Moore’s Law have given us the compute horsepower to proc

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