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Oct 29, 2022

Why “generative AI” is suddenly on everyone’s lips: it’s an “open field”

Posted by in categories: mobile phones, robotics/AI

If you’ve been closely following the progress of Open AI, the company run by Sam Altman whose neural nets can now write original text and create original pictures with astonishing ease and speed, you might just skip this piece.

If, on the other hand, you’ve only been vaguely paying attention to the company’s progress and the increasing traction that other so-called “generative” AI companies are suddenly gaining and want to better understand why, you might benefit from this interview with James Currier, a five-time founder and now venture investor who cofounded the firm NFX five years ago with several of his serial founder friends.

Currier falls into the camp of people following the progress closely — so closely that NFX has made numerous related investments in “generative tech” as he describes it, and it’s garnering more of the team’s attention every month. In fact, Currier doesn’t think the buzz about this new wrinkle on AI isn’t hype so much as a realization that the broader startup world is suddenly facing a very big opportunity for the first time in a long time. “Every 14 years,” says Currier, “we get one of these Cambrian explosions. We had one around the internet in ’94. We had one around mobile phones in 2008. Now we’re having another one in 2022.”

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