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When AI Favors the Incumbents

Tomasz Tunguz

Teams will summarize meetings, create chapters in those meetings, extract tasks, translate in real time, & develop templates for future meetings. Incumbents have lept onto advances in generative machine learning more aggressively than any trend in recent technology history. Mobile, cloud, social - startups led each of those waves.

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Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents

Tomasz Tunguz

As I’ve explored web3 I’ve been forming a mental model of the major innovations powering this enormous wave of innovation. Because this technique is so new, startups have the upper hand: Innovator’s Dilemma redux. Crypto empowers open-source projects to monetize their innovation in a way web2 never achieved.

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Every time OpenAI cuts a check for training data, an unlaunched competitive startup dies. Without a ‘safe harbor,’ AI will be ruled by incumbents.

Hunter Walk

Right now I’m comfortable betting on innovation from small teams in the ‘approach,’ but if experimentation is gated by nine figures worth of licensing deals, we are doing a disservice to innovation. Model efficacy is roughly [ technical IP/approach ] * [ training data ] * [ training frequency/feedback loop ].

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Why your company requires both brains and brawn to succeed

Entrepreneurs' Organization

Others may call this dichotomy digital versus physical, the disruptor mindset versus the incumbent mindset, start-up world versus Fortune 500, or tech culture versus industrial culture. Most things they have done, from developing software to partnering, have focused on their needs and not customer desires.

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SG’s Equatorial Space bags $1.5m in Seed funding

AsiaTechDaily

The company’s aim is to enable space access at greatly reduced risk, cost, and environmental impact compared to incumbent solutions. The funding will be used to develop Equatorial Space Systems’s Dorado commercial-sounding rocket family. The round was also joined by SEEDS Capital and Masik Enterprises.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

Rebag , which buys, sells and trades luxury items like handbags and accessories, raised a $33 million Series E round following a year of technology development and category expansion. Gorra intends to use the new capital to continue technology development on those tools, to add to Rebag’s workforce of 150 people and expand its marketing.

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Usage as the Moat in AI

Tomasz Tunguz

Incumbents have seized the moment with Microsoft, Adobe, & others integrating generative AI into their products quickest. In response, startups must develop moats to stake out their market. My marketing professor in grad school wrote an equation on the board the first day of class : Innovation = Innovation + Distribution.