"Jenny Xiao, who cofounded Leonis Capital in 2021 after a stint at OpenAI, said the current investment excitement around AI is far behind the actual research. "There is a massive disconnect between what researchers are seeing and what investors are seeing," Xiao said on the Fortune Magazine podcast this week. What's being discussed at the biggest AI conferences is as much as 3 to 5 years behind what researchers are thinking about, Xiao said."
"Xiao, who dropped out of a Ph.D. program in economics and AI to take a researcher role at OpenAI, founded Leonis Capital to bridge the worlds of venture capital and deep academic AI research. "With AI, there needs to be a new generation of founders. There needs to be a new generation of VCs," she said. It's also the first time investors need to be able to provide financial support to both the market and the technology, she added."
Investment attention to AI trails research by several years, producing a large disconnect between investor perception and the technical frontier. Topics presented at major AI conferences can be three to five years behind what researchers are actively exploring. Leonis Capital was founded in 2021 to connect venture capital with deep academic AI research and help close that gap. AI development advances in nonlinear lumps rather than steady increments, so investors need technical depth comparable to founders and must support both market adoption and core technology development as AI stacks evolve rapidly.
Read at Business Insider
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