The two also discussed their investments in companies like Harvey and Mistral, how they protect themselves if they fund AI tech that's later abused, and their views on today's foundation models like GPT-4. Gil revealed that he has probably invested the most over time in the defense tech company Anduril. The next StrictlyVC event will be held in Los Angeles on February 29, featuring Trae Stephens, the co-founder of Anduril.
Key takeaways:
- AI investors Elad Gil and Sarah Guo discussed AI investing in a world where deals were getting bid up feverishly two months ago, and where reportedly, some startup teams are now looking to sell because of the costs involved with building their software.
- Gil has reportedly raised more than $2 billion from investors in the last couple of years, money that he is investing almost single-handedly.
- Guo is taking a more traditional approach with her year-old firm, Conviction, a “baby little $100 million fund” compared with Gil’s billions of assets under management.
- They both discussed their respective approaches to funding deals, how they protect themselves in case they fund AI tech that’s later abused, and what they see as the biggest questions as it relates to today’s foundation models like GPT-4.