Why AI professionals leave corporations and launch startups
Experimental technologies often face reluctance from IT corporations when it comes to investment
Companies are founded by developers due to the unpreparedness of IT giants to invest in technology development
Venture capitalists firmly believe that challenging times for IT corporations present a golden opportunity for startups, a topic that will be widely discussed in five years
A number of products have been launched by former Google employees, including the Character AI chatbot, the Cohere language model tool, and the Adept machine learning lab
In the midst of widespread layoffs and budget reductions at Microsoft, Google, and Meta, artificial intelligence specialists are opting to leave these corporations and establish their own startups. Experts attribute this trend to the professional values of these individuals, highlighting their prioritisation of technology development over stable salaries.
Venture capitalists have observed an increasing influx of pitches from young AI startups. Venture capitalist Vinod Khosla asserts that challenging times for IT corporations are opportune moments for startups, which will make their mark in the industry five years from now.
Venture investors claim that corporate funding is typically allocated solely to projects aligned with the corporations’ preexisting interests. For instance, Google remains focused on YouTube, while Meta concentrates on its advertising business.
Consequently, employees find themselves compelled to independently pursue pilot projects. As a result, former Google employees have already launched innovative products, including the Character AI chatbot, the Cohere language model tool, and the Adept machine learning lab.
Khosla explains that significant innovation from corporations is practically non-existent, whereas the emerging entrepreneurial ecosystem plays a crucial role in driving progress.
