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Clem Delangue

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2023-05-12
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2023-05-12
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  1. “I don't know if it's a good question for me because I think our goal is not fundamentally to build the biggest company of all. We see that more as a side effect of building something impactful, useful for everyone. And one actually of the advice that I give a lot of entrepreneurs that I meet is to make sure to remember to build like the company that they want to build and the company that they think is needed to be built, even if that means not being the biggest company. So hopefully.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Machine learning engineer, and by machine learning engineer, I mean someone who's really building new architecture for AI models and able to train state-of-the-art models. They are just, in my opinion, a few people in the world who has been known and who has done that in the past, maybe 50 to 100 people. Hopefully there's going to be more and there are a lot of people who've never done it before who are going to be able to do it now. But it's a very, very short supply in terms of like number of people and a very difficult background to hire for right now.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “The fact that nothing gets easier because it changed my mindset. Once I realized that nothing was getting easier, I started to focus much more on the process, much more on not building a big company or not building kind of like the biggest company, but building the companies that I enjoy building and that I think needs to be built. And so it changed quite a lot my mindset and it proved to be quite useful, I think.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Getting me in trouble for that if I have to pick one. But I would go with Richard Sucher, who's one of the most prominent scientists in NLP. He's like a comedian. He's been one of the most influential researchers in NLP. Then he went to join Salesforce and he was the chief scientist at Salesforce for a few years. And now he went back to starting a company and he's starting this company u.com, which is disrupting search engines. And it has been one of my favorite angel investors, has been with us almost since the beginning and has helped us in so many different topics because of his background from the science side, the business side, or the entrepreneur side. I really enjoy having him part of the adventure.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “The biggest kind of like market risk force is that the API fails to deliver, right? An AI platform. If AI fails to deliver, it's not going to work for Hugging Face no matter what. So that would be kind of like the bigger risk. That's why we're taking such a community open source approach and we're being so community driven and supporting the whole ecosystem because at the end of the day, if AI wins, we win. And so the most important thing is that we contribute to the community, to the ecosystem for this to happen.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Whereas in reality, not so much fundraising always ends up being like a contract between two parties. And it can be super quick, it can be super fast. It can be super complicated. It can be super simple. It depends more on the power relation between the two sides of the contract, basically.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Something I didn't expect is that the way you race isn't so much dictated by your stage and your rounds, but more dictated by the situation that you're in in terms of traction, in terms of momentum, in terms of like achievements. You can have a series C that is like extremely hard. It's going to take you six months struggling like crazy and like a precede that is super easy or you can have it the completely opposite way, right? You can have a series that is going to be done in a week. Very simple, very little work. And then you can have precede that is a struggle that you're going to struggle for six months. That was an interesting thing for me because maybe naively as a founder, I was thinking that it was the higher you went, the harder you would get or like the longest you would get, the more kind of like data driven he would get.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “One thing that I wish I knew earlier is that it doesn't get easier. Like sometimes when you underly stage found they're struggling and you're like, oh, but that's going to be good. I'm going to struggle. It's going to be really hard. But one year and two years when I'm going to be bigger, it's going to be easier. I'm sorry, but it won't be easier. The truth is that each stage has a lot of challenges. And so I think something important is for entrepreneurs to realize that and enjoy what they're doing now and try to find and build the company that they enjoy building instead of forcing themselves to suffer. And like that, they can build just the enjoyment and the joy from building, not the joy of getting to a series B, getting the series C, getting to IPO, but really the joy of building, right? The joy of the...”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “First is my favorite investor. I've been working with him for three years now at our board. It's amazing, my favorite investor in the world, so I'm happy to talk to him. Something I believe in is that investors are first and foremost investors, meaning that their main value add is to do your rounds to help you on financial matters. So for example, when SVB go down and then to help you to capitalize the company the right way. If they're doing their C, their main job is to help you to do their series A, your Series A, if they're doing your series A, their main job is to help you do your series B. And that's almost like 95% of the value of an investor to be financially supportive. And I think right now that often investors have a little bit of forgotten that and they focus most of their time on other things. They sometimes act almost as CEO.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “Yeah, because the flip side of the coin of me not talking to external investors between rounds is that if I do, then it means that you can become an investor, right? Otherwise, it wouldn't work.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “I'm not sure. I think it's closer to the founder investor relationship than you and I talking like that without any kind of really fundraising goals in mind. It's also a different relationship now than it is if you would be an investor for hugging face, I feel like.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “To be a good relationship, are we aligned? Are we the kind of like similar expectations and all of that? So I'm not saying it's perfect, but for me, it's been working well.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “Invest or usually has quite a different approach when they're talking to you and they're not investors because their whole job at that time is basically to make you like them versus when they're an investor. So it's hard to say if the relationship that you create with investors before the investors is really indicative of the relationship that you're going to have when they're going to be actual investors. Last point is that I might not spend like a year talking to investors, but when I pick them during the fundraising, I spend like a shit ton of time with them, at least three days full time, which is a lot of time, three days full-time with the investors. I do shit ton of background check. It's a shorter period of time, but much more intense. I feel like it's still giving me a good signal of is it going?”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “You have a point, but if you take the founder's perspective, what's challenging is to identify the investors you were talking to because the reality is that outside of a fundraising, all investors want to talk to you. But it doesn't really mean that they're serious about what you do, what you're building, and that you align with them, right? So how do you pick these investors, especially in a fast-moving startup like Hooking Face, where our investors for the seed when we were doing Tamaguchi AI consumer product are very different than our investors for the B where we're doing an AI B2B platform, right? So if I would have talked and invested a lot of time talking to a lot of consumer investors between the C and the A, it ends up basically be a waste of time. Also something that I've seen, an investor, a new or better investor than most, right? I'm talking about your average.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “And there was this funny story of an investor, I don't think I should name him, but who arrived a little bit late in the process. And so I told him it's been a week. I have my term sheets. So unfortunately, the role now is that I don't talk to external investors who haven't sent me a term sheet, right? And I was expecting a conversation to stop there. I was a bit sad because it's someone who I liked on paper. But the funny thing that happened was he said, okay, here is a terms sheet before even talking to me just as a reply on an email never talked to him before, like on the phone or never met him. And it was fun.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “So I have some rules within the stores that I set for myself and that I think have been pretty useful to me. One of these rules is that I don't talk to any external investors in between rounds. I'm making an exception for you today because it's a podcast, but otherwise I don't talk to anybody in between rounds. I feel like a lot of the time it's some sort of a waste of time, some sort of a defocus, in my opinion. It's hard enough to build a company not to be hundred percent focused on that. And so that's one of my rules. And then when I raised the rounds, it usually goes pretty fast. And so I have a window where I talk to external investors. And then at some point, I start getting termsheets. And so then I stop talking to other investors, right? When I feel like I've got enough term sheets with the people who are interested in serious, I just stop talking to other investors.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “The biggest thing is all this talk about AGI and anthropomorphization of AI, right? Considering and characterizing AI as human and saying that we're close to the Robocop scenario where AI is taking over the world and killing all humanity. The truth is we're very far from that. AI right now is just a new paradigm to build technology, right? Instead of writing a million lines of code, now you use machine learning to build features, to build product, to build workflows. It's an evolution.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “That these models can amplify. And these need to be regulated the same way traditional technology has been regulated or a little bit maybe differently, but not in an a priori way where you're like, let's put a pose on everything, let's stop everything because maybe it's going to kill humanity. Because if you do that, I think you risk killing the advantages that we can get from the technology, killing the progress, and actually not solving the problems that we're seeing today that need to be solved. So in that way, I feel like a very different approach than Musk, but also than OpenAI, I think.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “Don't really agree with that. My point of view, as you've heard, I'm extremely excited about AI. I think it's a new paradigm to build all tech. At the same time, we are very far from a world where AI is autonomous and has conscience and is taking over the world and destroying humanity. I think this is more fear that is very sci-fi driven, that we're very far from. And so I think when you take this point of view, you realize that regulation is necessary because it's a new way of building technology and it's going to create some challenges. But these challenges are not so much AI running wild, autonomously and taking over the world. These challenges are more biases that are included in these models, misrepresentations or misinformation.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “At least that it's not enough, and the return on investment on training larger and larger models is starting to go down. So it changes a little bit the perspective on raising more money and having more money spent on compute as some sort of a mode or barrier to entry. But like all technology cycles, you have companies taking bets. If investors want to take the same bets, I don't think it's a negative thing. I think it's a good thing. Doesn't mean that they all succeed and that it's going to work. It's an interesting risk to take and interesting kind of company to build, in my opinion. So I'm excited to see some of what these companies are going to build and do in the future.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “Does a little bit similarly in my opinion to how you would build an internet company or like a software company 20 years ago? Because compute is more expensive for AI than it is for traditional software because the team members that you need to hire, as we mentioned, are more expensive than if you need regular software engineers. It does cost more money to build an AI first startup than a regular software startup. One thing that I am now really sure of, if this model of not needing just a little bit more money, but much more money is really the right approach or not, especially because we're starting to realize that more compute for models is not necessarily the right thing.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “I would say hiring probably right now, like getting the best people and getting this hybrid profile because it's science plus engineering, hiring and getting the right set of co-founders, early team members is the harder thing, especially because there's a lot of competition with others, companies that have raised so much money that for the really, really good people, the salaries are like insane. That's, in my opinion, the biggest thing.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “Because it's a completely different way to build technology. It's a way where you have to have scientists, for example, working for six months on a new architecture and a new model before releasing it. It's a different paradigm of how you build software, different enough, in my experience that it's hard to do for bigger teams and bigger companies that are moving slower and that I've started with a very different paradigm. At least that's what I'm seeing on the field. It's hard to predict the future again, but I think there are many opportunities for AI first startups. And really startups who are not just using AI with APIs, but really building AI themselves, building new architecture, building new models, optimizing their own models.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “Think if you're thinking about AI as AI APIs, I agree. If you're thinking of AI as a more radical paradigm switch to build technology, right? And if you think about an AI startup as a company that is actually training models, creating new architectures, optimizing models themselves, I think it's a different story because this is really hard to do for the incumbents. And so I think the new startups have like an opportunity there to do things 10 times, 50 times, 100 times better than the incumbents.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “Important question. It's an interesting question. And the way I see it is that with monetization, we have to take it as stepping stones and almost unlock some learning progressively. You start with six-figure revenue, you learn from that, you see how it works, then seven figure revenue, eight figure revenue, nine-figure revenue, and you learn at each step, especially on AI, because the underlying technology is moving so fast that probably the way we make money today is not going to be the way we make money in three years or in five years. It's interesting to do this monetization and revenue learning that we do, I think.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “It's not the most important question because as a platform with network effects, the adoption and the usage is like the number one KPI course, especially it's an assumption and like a position that we took very early on with a gigging phase, especially coming also from like more like consumer background, where it's really obvious that Facebook or like a Twitter needs to focus on adoption usage first. And this assumption that usage is delayed revenue, especially on the domain like AI where you expect companies to be ready to pay for AI. So if hugging face keeps being the number one platform that companies are using to be of the AI, it's obvious that we're going to be able to make a lot of revenue out of that and build a good business. But at the same time, even if it's not the most”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  27. “It varies. I think we haven't really figured out and optimized for maximum revenue because our main priority is more like adoption usage as a platform with network effects.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  28. “So our model is simpler than what people think as a platform with a lot of usage. We kind of follow kind of classic freema model. Most of the companies using us are using us for free. We have 15,000 companies using us now. And then a smaller subset of companies are actually paying us, right? And for us, it's 3,000 companies. And the reason why they're paying us is for premium features, enterprise features, single sign-on, premium supports when they need help to use our tools and premium compute, right? For example, they want to use hugging phase, but they want to grade to faster GPUs. Then they're going to pay us. So 3,000 companies are paying us, including Meta, including Bloomberg, including Gramaly, and companies like that.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  29. “Yeah, it's a good question. They have very different approaches. Mask obviously is like a character that is going to say one thing and the opposite almost on the same day. But I think he has a point in the necessity of openness for AI and how important openness and transparency is for AI, but also for society. So I appreciate that he's putting at least this part of the conversation in the spotlight”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  30. “That's a good question. I hope we get into a model that works better for everyone, for the content creators to keep incentivizing them to create good content. And AI companies alike. We have some initiatives on the topic. For example, we've been training really good code model with something called BCO, and we've trained for the first time, I think we were the first organization to train on a fully opted out data set where developers could just remove themselves from the training. We're working on the topic. There are some interesting things. We're still scratching the surface, in my opinion, both hugging face at the domain.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  31. “Yeah, he has a point. I would argue that it's a challenge for the proprietary approaches too because they're also going to get challenged by that. I don't know if you've seen, but Elon Musk tweeted that it's going to sue OpenAI for using tweets in their training for GPT-4. So I would argue that it's a challenge for AI in general. And it's going to be good this year, I think, because we're going to start to have legal clarity about how do we consider fair use, what are the regulators expecting from AI companies to expect in terms of rules. So I'm excited for more clarity on regulations this year. I think it's going to be a good thing for the field as we mature.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  32. “Maybe. And that's why there's a huge opportunity for new companies to disrupt the cutbunts because they're going to go for the easy solution. Whereas other companies that are more like AI native are going to be going for the more disruptive approaches. It has with a lot of startups, right? We see that with a lot of startups that are using hugging phase. If you look at models closer to runway or stability AI or like photo room in Paris, you see these AI native startups that are actually building, training their own models and how they can, in my opinion, build much better things than the ones that just use APIs. What you're describing is a great opportunity for AI native startups to disrupt the incumbent, your solutions, even if it's not sustainable in the long run.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  33. “It's a tough question, especially because it involves a lot of short term versus long term. The reality that sometimes today using one model behind an API is faster and easier at the beginning. But the challenge in the long run, you have more risks because then you don't really internally build the capabilities to actually do AI yourself. You can't optimize these models. So they're going to be ignorantly more expensive and you risk being in competition with others, not really differentiating yourself. The analogy that I sometimes like is that on the early days of the web, you could use something that would create a website for you, right? You could use the equivalent of a squarespace, of a weeks, and that would make you feel good, right? Because really quickly, how nice website up and you can start experimenting. That's the equivalent of.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  34. “Rule all code base. The truth is the code base is good or bad depending on your use case, depending on your constraints, depending on what you want to do. So if your Facebook, you have one code base that does what you want to do for your users. And it's the same thing in my opinion for AI. If you're a company that wants to do consumer product, you need to build AI models that are optimized for this use case that are going to be faster, cheaper, more efficient. And that's how you differentiate yourself.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  35. “They differ a lot in where do you allocate AI builders, one model to rule them all, you bets on Conflag models getting bigger and bigger with more and more generous capabilities. And the builders of these models being concentrated in one or few organizations. In the model where you think there are a lot of different models, you bet on things being more distributed, on the fact that all companies are going to actually build and train models. And that comes from the thinking that in a simplistic terms, the model for AI is like a code base. It's a bit different, but at the end of the day, it's a code base. And so it's silly to say, oh, this code base is better than this code base, or there's going to be one code base that is going to”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  36. “I don't think you do. I think you have to be in Silicon Valley sometimes. But at the end of the day, I think you can build a company from anywhere. The most important thing, and I'm sometimes calling bullshit on founders saying, oh, I need to be there. I've taken like a very strategic decision to move there for my company. At the end of the day, I think it's important for founders to be happy. And if they're happy, they can build a great company. And so the most important thing, in my opinion, is for founders to find where the happiest and if they're happy in London, they should build their company from there.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  37. “Of Lama are actually based in Paris in the meta AI lab that they have there that is huge. I think there's a lot of energy in Silicon Valley.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  38. “I think there's no denying that there's tremendous excitement activity there. Both of that felt that because I was in San Francisco two weeks ago and I just tweeted that I was around and said, oh, we should get together with like open source AI fellow community members. And in a matter of few days, the thing blew up and we ended up with 5,000 people joining for like a huge community showcase event that people started to call the woodstock of AI. I really felt thanks to this event obviously the energy that you have in Silicon Valley right now with AI. But at the same time, if you look at the full stack, especially outside of just early stage startups, if you look at AI scientists, if you look at ML engineers, it's heavily distributed. One, the point is, for example, Lama, which is arguably one of the best open source models that came out for Meta, 10 out of the 13 other”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  39. “Better hardware, more availability of GPUs, and better optimization of models. And all these techniques to basically be able to run bigger models at scale for hundreds of millions or billions of users. These were kind of like probably the last missing piece for AI to go mainstream as what we're seeing right now.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  40. “It's really important, and I obviously have an agenda there, but to remember most of the progress that we've seen in AI is based on open science and open source. It's because AI has been so open and that everyone is building on top of each other with this really interesting positive loop of feedback, improvement experiments that we could move so fast with AI, right? Without open science, without open source, without Google sharing their attention is all you need paper, sharing their bird paper, the latent diffusion paper. Maybe we would be 30, 40, 50 years away from where we are today. And then what happened, I think, in the past few months is you started to have some mainstream breakthroughs with GPT, and also like on the underlying technology stack, I think you've had.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  41. “That's completely true that perception and hype can be delayed or like very different than reality. My understanding of the current situation is that the VC and the mainstream interest is like a catch-up on the reality. Because if you look at usage of AI, it's been massive and it's been growing massively for the past three years. Even before ChatGPT, even before the new being, AI was used in Google for billions of users every day. AI was used on Facebook to rank your posts. AI was used on Zoom to remove your backgrounds. So in my”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  42. “And we actually did that for almost three years. We raised our pre-seed and seed rounds on this idea. We got a product out with a couple of billion messages exchange between users and this Tamagochi AI. But as it sometimes happened, when we started sharing a little bit of the underlying technology and the underlying platform that we were building to do that, we saw a lot of traction from the community, from the open source community, from companies using that. And so that basically made us pivot from this AI to this AI platform that we are now.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  43. “We actually studied with something completely different. The reality is that the company was formed because of some sort of professional crash between me and my co-founders where we were like, we absolutely want to work together. Plus our excitement about AI. It was seven years ago. So it was not abuse as it is now. Not enough people were talking about it at the time, but we were super excited about it as kind of like a new paradigm to build technology, new opportunities, and all of that. The first company, the first startup I worked for 15 years ago was already doing AI. We weren't calling it AI at the time. So I had some sort of glimpse of the capabilities. And when we started hugging face, when we started the company, we're like, okay, what can we work on that is going to be both scientifically challenging? We all have a lot of interest in the science side of things. But at the same time, entertaining. So we actually started with some sort of”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  44. “Yeah, when we started hugging Face, we joked with my co founders, Julianne Thomas, that we wanted to be the first company to go public with an emoji rather than the three-letter ticker. You know, we felt like the three-letter ticker like on the Nasdaq and all of that is boring. Felt like it was time for refresh and to finally have emojis up there on the boards. So we absolutely wanted an emoji as a name. And the choice is the hugging face emoji, the one with hands like that, was our favorite emoji. So we're like, okay, let's do that. We thought maybe we would keep it for a few weeks, like for a few months at most. And then the community started to put it everywhere, you know, like on social media and on the clothes, like literally everywhere. So we were like, oh, maybe we're going to keep it. And now it becomes such a brand so popular that unfortunately it's going to be hard for us to change it.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source

  45. “The VC and the mainstream interest is like a catch up on the reality. We're very far from a world where AI is autonomous and has conscience and is taking over the world and destroying humanity. I don't talk to any external investors in between rounds.”

    2023-05-12 · The Twenty Minute VC · 20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face · IDENTIFIED FROM THE TRANSCRIPT · source