Pervasive AI: We're Going And How You Compete

TechCrunch22min

Dave Munichiello

00:00

This high stakes battle for a competitive edge. The right AI strategy could decide the winners.

Richard Halkett

00:31

Hi, everybody hi everybody, and welcome. Welcome to our session. Thank you very much for joining us today. My name is Richard Halkett. I'm the Chief Customer Officer at SambaNova Systems and we've got a fascinating session for you today on pervasive AI where we're going and how you compete. I've got a great panel that I'll be introducing to you in a moment. But first of all, I think, you know, understanding the buzz that we're feeling today and it TechCrunch it's great to feel the energy this year. But generative AI and AI in general is really on everybody's mind. But this feels like the hype and the excitement and the potential is really here to stay. So why is that? Why do we feel that? Well, first of all, you know, it's almost a year ago that we saw chat DVT went to 100 million users in two months, which is multiple times faster than any other technology. We've seen before. So this really does feel like the fastest industrial revolution in history, but we're also seeing really interesting signs from the market. I read a report from Accenture, which said that 97% of enterprise leaders believe that generative AI is going to be transformative now 97% is not a statistic that you see very often that basically means everybody. So it's extraordinary that we're seeing this right now. And they believe that 40% of working hours are going to be changed, transformed by generative AI and we're also seeing there so in another report, Deloitte said that 37% of businesses are already investing heavily in generative AI and that we're seeing and this again came from Accenture that next year 67% are going to ramp those budgets. So this is a fascinating place to be if you're a startup if you're an investor. If you're a customer and an enterprise pioneering, but it is complicated as well, right? We all know that AI is a relatively new technology that's exploded onto the scene in the last 12 to 18 months. And it's complicated. So we see these gigantic models they're getting larger and larger. They take a long time to train, they take 1000s of chips as well. And that all adds up to millions of dollars of investment. So if we see all of this potential with AI, and yet we see all of this challenge, how are we actually going to tread that path and ensure that we achieve that potential. So today, I've got a panel of three folks who are going to be helping me triangulate this problem. So first of all, I've got Rodrigo Liang, who's the co founder and CEO of somebody of assistance. Welcome, Rodrigo. We've got Alan Lee, who's the Chief Technology Officer of analog devices. And we've got Dave Munichiello, who is the who leads GVS digital investing team. So I'm going to be asking them some questions. We're going to be getting into this and hopefully we'll come up with some some decent insights and answers. All right, so first of all, Rodrigo, I'm going to come to you if I may. This term pervasive AI and the fact that we're seeing AI really change in the market. What do you see what opportunities do you see what challenges do you see?

Rodrigo Liang

03:43

Now? We're at a point in our journey here where people moving from talking about specific models and GPT or Stable diffusion, to think about how to solve real, real problems. And so the term pervasive AI is thinking about how to deploy AI pervasively in our everyday lives. Right. And so solving real issues for HR for legal for finance, or software development, versus talking about is GPT this better than GPT that and so, you're gonna see over the coming years, that people are going to start thinking about how to take the technology that we are now quite familiar with continue to improve it, but really think about how do we integrate it into their everyday work environment. But the challenge is, as you say, Yeah, we started to see this year with security, with privacy with accuracy, hallucinations, as you know, well, we're all familiar with, how do we tackle those and that's something that we as an industry, we as people in the technology field have to think about how to tackle so that this technology can be pervasively deployed and be used in every in every company and every in every single one of our lives.

Richard Halkett

04:50

Thanks, Alan. I'm gonna turn to you right. So first of all, tell us a little bit about Analog Devices and what your interest is in in AI and some of the opportunities and challenges that Rodrigo spoke to that.

Alan Lee

05:02

Sure. Analog Devices is a technology company that really bridges our physical and digital worlds. We're a global leader in analog digital and mixed signal technologies, and we work at the forefront of the intelligent edge. Our solutions, you know, they really transform signals into actions and actionable insights. And similarly, AI can transform data into insights in support of manufacturing, engineering, sales, and most importantly, our customers. And that's really the point. Our collaboration with samba Nova can really provide us with the means of understanding and connecting with our customers on a deeper level than ever before. Okay, thank

Richard Halkett

05:45

you. And, Dave, you've been involved in this space a long time before it was fashionable. And so and you have a great view across as an investor, right? So you're, you're trying to look at the trends in the market. You're looking at all the startups that are coming through, right, you're looking at some of the incumbents and the market dynamics. What are what are you seeing that in the market and what's changing right now?

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