At the Reuters NEXT conference on Thursday, two investors in OpenAI reassured that the recent announcement regarding artificial intelligence “apps” does not signify the end for emerging startups in the AI sector. The investors highlighted an ongoing search for innovative AI products to enhance consumer interactions with technology and address profound tech challenges like brain-computer interfaces.
OpenAI, the creator of the immensely popular ChatGPT chatbot, recently introduced a marketplace offering personalized AI “apps” for tasks such as math tutoring or designing stickers. This development raised concerns among AI startup founders who fear the competition with OpenAI’s expanding presence in the AI domain.
Konstantine Buhler, a partner at Sequoia Capital, an investor in OpenAI, emphasized the vast potential for ongoing innovation in AI, stating, “We’re in an intermediary step in a decades-long revolution.” He encouraged startups to actively shape the evolving landscape of AI.
Avery Klemmer, a partner at Thrive Capital, another investor in OpenAI, shared her perspective on the rise of consumer applications alongside ChatGPT. She anticipates novel formats and engagement methods inspired by the existing AI chatbot model.
Despite significant investments in AI technology, industry analysts and investors believe that AI product development is still in its early stages. While the costs associated with building applications using large language models remain relatively high, the accelerated pace of research in the field could lead to a rapid decline in the cost of AI inference. Jill Chase, a partner at CapitalG, explained that this reduction in inference costs could significantly impact the types of businesses and use cases that can be developed.
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