Father, Founder, Investor | CEO at https://xitter.cf/t.co/GRUNunIf2v
SF & London
Joined August 2007
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markstraub retweeted
This is the most important chart in AI right now.
Open Source is eclipsing Closed Source in total token usage, but frontier labs still capture most revenue.
Watch my breakdown:
More data than open-source AI is taking share from OpenAI and Anthropic. Open source has gone from 28% token share to 62% token share @vercel over the last 2 months. Chart from @rauchg
Super impressive given that the sum of OpenAI and Anthropic accelerated in July. So net token/AI infra demand accelerated even more than the acceleration we saw at the frontier. And suspect Grok growing even faster than open-source and we saw some of this in the @tryramp data.
Open-source AI taking share is positive for AI infrastructure demand as it lowers margins at the model layer and an open-source token costs just as much compute to produce as a frontier token. Nothing about open-source AI inference is “free.”
Most likely end state IMO is that closed, frontier tokens are 60-90% of economic value but only 15 to 25% of tokens.
markstraub retweeted
RIP Ratan Tata.
Been a hero to me for most of my life - a true legend.
He turned an Indian powerhouse coming out of socialist India into a global one currently valued >$400B, all the while doing more for India than almost anyone else I can think of.
markstraub retweeted
AI is possibly the only technology in history where in the span of a few months your costs can drop by 30X, with the quality going *up*. We don’t fully realize how quickly the cost of intelligence is going to be near zero for most use-cases.
markstraub retweeted
It is fun to watch @SFPD do their jobs, assisted by technology
more of this plz
markstraub retweeted
And more importantly for those in London.
I am hiring a Founder's Associate @usesmileid
This is an in-person role for someone who sees themselves as a potential future founder or startup executive and wants to run a mix of analytics, strategy, sales, pricing and cross-team coordination.
You will be working next to me at least 3 days / week at our office in central London.
If you are interested -- apply Now.
Finalists will be contacted by Monday.
wellfound.com/jobs/3020160-f…
markstraub retweeted
We are hiring a product marketing manager @usesmileid
You will have the honor of working with the truly great @peaceitimi.
The products you help explain and champion solve problems AT SCALE across Africa (millions of queries / month every month).
You are proactive, pay insane attention to detail and most of all love stopping fraud and helping pave honest paths to success.
Role is based in South Africa but open to all of Africa.
Comp flexible based on experience.
If you are insanely great, DM @peaceitimi or me and show us why you are a Smiler.
markstraub retweeted
Btw I agree with you...just adding two differences for the chosen example.
Nigeria, and more broadly Africa, is in need of principled leaders who not only put the greater good ahead of their own interests but also make smart decisions at every step of the way.
markstraub retweeted
But they had two things we don't - and maybe you can expand on them when you write:
1. An amazing educational system at top class level of quality.
2. A robust diaspora in Silicon Valley that were/are part of the development of breaking edge technology and making Americans realize the potential of India.
markstraub retweeted
Wright Brothers achieved manned flight 120 yrs ago today. The reaction?
"Our skepticism is only as to the utilitarian value of any present or possible achievement of the aeroplane. We do not believe it will ever be a commercial vehicle at all." - The Engineering Magazine
SCAN:
markstraub retweeted
The Nigerian Communications Commission should strike out one line in its regulations - the floor on the price of data.
Do this and see innovation sky rocket in Nigeria.
Data is not cheap in Nigeria, and even if it were @bosuntijani, remove the floor and get costs lower!
markstraub retweeted
Thanks @nubikay for inviting me to speak at the Africa Round Table at Gitex. It was definitely a open air therapy @markstraub and Mariam Kamel about the good, the bad and the outright ugly realities of investing and building in 🇳🇬 & Africa tech in 2023.
markstraub retweeted
Still recovering from the fact that I've had to come to Bangalore specifically because my bank wanted to *see me* sign paperwork to make an outward remittance.
markstraub retweeted
When people copy you, the best strategy is usually to ignore them. People who copy you are (a) unoriginal and (b) opportunists, and those are both strong predictors of failure. If you wait them out, they'll eventually drop away.