Both investors have invested in companies like Harvey and Mistral and discussed how they protect themselves if they fund AI tech that's later abused. They also discussed their views on current 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 Anduril's co-founder Trae Stephens as a speaker.
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.
- Gil also underscored the importance of creating clear guidelines with one’s own investors to get ahead of perceived conflicts of interest.
- 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. She has already brought aboard two other investors, a talent partner, and an operations person.