TLDR:
- Investment in AI by venture capitalists and startups can drive human progress in the long term.
- Advancements in storage costs and microprocessors in the past have led to revolutions in technology.
In the 1990s and early 2000s, storage costs decreased significantly while storage space increased, leading to a digital storage revolution. This transformation allowed for the expansion of data storage capabilities at a fraction of the previous cost and size, benefiting both consumers and businesses.
In parallel, microprocessors underwent their own evolution, becoming more cost-effective and powerful over time. This development, known as Moore’s Law, led to more accessible and affordable computers, reshaping society in various ways.
Today, a similar story is unfolding with GPUs, which are vital for AI. GPUs are becoming faster, cheaper, and more efficient, facilitating the democratization of AI technologies. This trend enables venture capitalists to seek out smaller, innovative startups that can leverage advancements in GPU and AI technologies to disrupt industries and provide solutions to complex problems.
While it is unclear what will happen to these companies as the cost of compute drops and open-source AI grows, historical lessons suggest that successful products often evolve into services, and eventually into platforms.
These technological advancements have far-reaching effects, reshaping industries, redefining jobs, and potentially transforming global economic landscapes. As barriers to entry lower in the tech world, innovation flourishes. AI has the potential to shift the human experience from DIY (Do It Yourself) to DIFM (Do It For Me), and venture capitalists have a crucial role in funding and steering the world towards a future of untold possibilities for founders and their customers.
Advancements in GPU technology and AI compute are expected to open up a new frontier in technology, reminiscent of the revolutions in storage and microprocessors. This new frontier has the potential to create new cycles of innovation, applications, and productivity at lower costs.
