However, the talent for building AI companies is scarce, with many leaders of AI startups coming from the same small circle. This could increase competition to invest in promising businesses. Experts suggest that smaller players in the AI market can stand out by having proprietary data or providing unique solutions.
Key takeaways:
- Big Tech companies like Microsoft, Google, and Amazon are investing heavily in AI startups, including those that are seen as competitors to OpenAI, as a way to hedge their bets in the large language models (LLMs) market.
- These tech giants stand to benefit from supporting the growth of LLM technologies, as they recognize that the future of AI will involve integrating technologies from multiple vendors.
- Some of these investments are also used to showcase the tech giants' own products and services, such as Amazon's proprietary hardware and Microsoft's Azure cloud computing platform.
- The talent for building AI companies is scarce, with many leaders of AI startups coming from the same small circle of former tech execs, which could increase competition to invest in promising businesses.