00:00:00 · Xharmagne Carandang, Michelle Gilmore, Sachin, Daniel Palmer, Georgie Healy, Adam Miller
[00:00:00] S0: I can do better because I've... I know the foundations. I'm already a senior engineer. Will the people who are already skilled be so amplified, and the people who aren't, will they be left behind? [00:00:10] S1: I've sat with people, billionaires in SF behind closed doors who have told me that they do not care at all about the ethical consequences. And I think that is terrifying. [00:00:28] S2: Who should be making this decision? [00:00:29] S3: I think anyone who says, oh, it's just gonna create more work without any caveats is being dishonest or overly brief. I don't think that's intellectually honest at all. [00:00:39] S2: How do you guys think about building great AI companies based in Sydney? [00:00:43] S4: I'll be honest. It it seems like I haven't met one founder that's genuinely ambitious and genuinely wants to take their company to the next level that doesn't reach a ceiling here in Sydney and move to San Fran. I mean, guys have done so. Right? [00:00:58] S3: Yeah. Think it's I think it's a undeniable reality. It's a [00:01:02] S1: I'm not sure that SF will continue to [00:01:05] S5: be the only place. Every time there is a new technological platform shift, there's this gravitational pull towards American SF because of, I think, two [00:01:13] S1: main things, talent and capital. Is that fact though, or is that subjective view? [00:01:17] S2: There's a lot of nineteen to twenty three year olds going to YC, building the hype company, getting lots of Twitter viral distribution. There's companies like Icon and Cluey. What do we
00:01:17 · Sachin, Daniel Palmer, Adam Miller
[00:01:17] S2: There's a lot of nineteen to twenty three year olds going to YC, building the hype company, getting lots of Twitter viral distribution. There's companies like Icon and Cluey. What do we [00:01:28] S3: think about this archetype of founders? As content becomes more of a commodity, you... We probably all do have to get better at, like, telling interesting stories that break through. [00:01:38] S5: What are the businesses that won't thrive if the cost of intelligence does trend towards zero? Hey, everyone. Welcome to our second ever roundtable dinner, this time all about AI. It's become a very broad topic, but tonight we're focusing on its most serious and surreal impacts. That's why we're joined by current AI founders and leaders Dan Palmer, Michelle Gilmore, Carandang, and Georgie Healy. [00:02:03] S2: Really quickly, before we get back into the show today, [00:02:05] S5: we just want to ask you, our audience, a quick favor. Only 7% of our returning weekly viewers are actually subscribed to the channel. However, as part of our mission to create the best tech media in Australia, we've got the lofty goal of hitting 15,000 subs by the end of this year. [00:02:19] S2: Truly, the best way to help this channel is subscribing. It helps more than you know, and we'd really appreciate it.
00:02:19 · Sachin, Adam Miller, Daniel Palmer, Michelle Gilmore, Georgie Healy
[00:02:19] S2: Truly, the best way to help this channel is subscribing. It helps more than you know, and we'd really appreciate it. [00:02:25] S5: So to thank you all who support us, we're planning a special surprise at the end of the year, and we can't wait to tell you all about it. For now, enjoy the show. Hey everyone, welcome to our second ever roundtable dinner, this time all about AI. It's become a very broad topic, but tonight we're focusing on its most serious and surreal impacts. That's why we're joined by current AI founders and leaders Dan Palmer, Michelle Gilmore, Xharmagne Carandang and Georgie Healy. Tonight we want to answer the real issues on everyone's minds. Are we in the biggest VC bubble in history? Which AI startups are just hyped without a strong product? AI Ages are they overhyped or underpriced? What happens when AI costs drop to the price of electricity? What's your moat then? We'll talk foundation models, winners and losers, the future of marketing and what genuinely scares us over the next three years. Let's dive in. [00:03:19] S3: Hey everybody, my name is Dan, one of the co founders at Relevance AI. We're a platform that enables domain experts to build customized authentic automation. [00:03:29] S1: I'm Michelle Gilmore, the CEO and co founder of Juno. Juno runs interviews with real humans. [00:03:38] S5: Yeah. [00:03:40] S4: Hi. I'm Georgie Healy. I run the AI accelerator at Google, which is for Seeden Series A AI startups. I also got into podcasting late last year. Big fan. And it's called In the Blink of AI.
00:03:40 · Georgie Healy, Xharmagne Carandang
[00:03:40] S4: Hi. I'm Georgie Healy. I run the AI accelerator at Google, which is for Seeden Series A AI startups. I also got into podcasting late last year. Big fan. And it's called In the Blink of AI. [00:03:59] S0: Hey, everyone. I'm Xharmagne. I'm a founding software engineer at Lorikeet. What we do is we try to help companies scale really, really good customer support using Gen AI.
00:04:11 · Sachin
[00:04:11] S2: Awesome. I think Adam and I ran one of these in San Francisco about six months ago around the future of media. And I think the thing that we took away from that experience was that we really felt like out of every piece of content we've ever done, from documentaries to podcasts, this one really felt like democratising some of the most insightful conversations I think all of us have behind closed doors. And particularly right now in this moment, I think there's a big gap between what the general public are talking about in terms of AI, all the way to where the people who are on the frontier, people like you guys are talking about. And I think this is an opportunity to kind of open the doors of that conversation, and kind of share that with our audience. So we've got a few questions, and we're going to take this in a lot of different ways. But I think the first place we want to start is one that's quite personal to me. Like I used to work in venture capital, I used to think about funding cycles a lot of the time. But it feels like in this moment we're in right now, feels like a particularly buzzy point of the cycle. You know, we had I have a note here, one of the company's thinking machines, former OpenAI exec raised, you know, billions of dollars pre product. Where do you guys think that we are in VC hype cycle? And also, does that change how you're thinking about running your businesses and thinking about capital needs ongoing? Maybe Dan, it'd be cool to start with you because you've just announced a round recently. Congratulations.
00:05:38 · Daniel Palmer, Adam Miller
[00:05:38] S3: Yeah, thanks so much. I think when you have a technology that so clearly will cause big impact on the world and on industry like AI, it's almost inevitable. I think you're going to see phenomena like you're seeing right now. And you can call it a bubble, perhaps from a literal economic standpoint it is a bubble, but really what we're seeing is a race to figure out who is going to both dominate stuff like platform, but also dominate and figure out the use cases, and I think the sort of inherent way that VC is set up is that people place their bets. And so I think we will see a lot of those bets fail, and I think that's part and parcel of how VC works, and I think we are seeing massive massive numbers. But I don't know, if you look back at the .com bubble, maybe the last sort of similar sort of situation I guess, what are we meant to take away out of that, right? Was the internet not useful? Were people not meant to invest or innovate on software internet companies at the time? I don't think any of those are the takeaways, and so I think it's almost hard to, we can accept maybe it is a bubble, but I don't think that necessarily means we should be trying to innovate or invest any less in AI than we are now. I think we're doing the necessary processes of society and as a technology industry to explore the technology? [00:07:03] S5: Yeah, I think as a