Clem Delangue: The Ultimate Guide to Investing in AI; Elon's Threat to Sue OpenAI | E1013

ℹ️ EPISODE INFO

Released

May 12, 2023

Duration

58m

Channel

The Twenty Minute VC

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Clem Delangue is the Co-Founder and CEO @ Hugging Face, the AI community building the future. To date, Clem has raised over $160M from the likes of Sequoia, Coatue, Addition and Lux Capital to name a few. Prior to Hugging Face, Clem was in product and marketing at two different startups both of which were acquired. ------------------------------------------------ Timestamps: (0:00) Intro (1:14) Founding Story of HuggingFace (4:51) AI: The real deal or all hype? (10:57) Do AI Founders need to be in Silicon Valley? (12:49) One Model to Rule Them All (17:16) How to Sell AI to Enterprise (19:34) Elon to Sue OpenAI? (22:44) HuggingFace’s Business Model (27:01) AI Startups vs AI Incumbents (30:38) Why AI Startups are Expensive (33:20) AI Regulation (37:46) Fundraising at HuggingFace (52:27) Quick-Fire Round ------------------------------------------------- In Today’s Episode with Clem Delangue:

1. From Tamagotchi to Leading the World of AI: How did a Tamagotchi startup turn into one of the hottest AI startups in the world? What does Clem know now that he wishes he had known when he started? What are Clem’s biggest pieces of advice to founders on pivoting?

1. AI: Trend or Transformation: To what extent does Clem believe the current hype in AI is justified? What is overblown? What have been some true and groundbreaking developments? How far away does Clem believe AGI is? What is a massive misconception the public has that Clem wishes he could change?

1. Open vs Closed: Which Model Wins: Why does Clem believe the future of AI will be won by open-source? What is his reasoning to suggest closed is fundamentally a weaker model? Does Clem acknowledge that in the short term, enterprises will buy from a closed model with greater ease? How does he plan to tackle this?

1. Regulation: What Happens Now: What regulatory changes need to be made in the world of AI most urgently? Is Elon Musk right to suggest the immediate pausing of developments in AI? What does Clem believe to be the most likely scenario to AI regulation in the next 12 months?

1. Fundraising: Lessons and Reflection on Raising $160M: Do AI startups fundamentally cost more money than normal startups to build? Why does Clem not meet investors in between rounds? What does Clem believe is the most helpful thing an investor can do? What are Clem’s spiciest takes on venture as a financing model? ------------------------------------------------------------ Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow Clem Delangue on Twitter: https://twitter.com/ClemDelangue Follow 20VC on Instagram: https://www.instagram.com/20vc_reels Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #ClemDelangue #HuggingFace #HarryStebbings #20vc #artificialintelligence #chatgpt #openai #midjourney

🎤 SPEAKERS

• Clément Delangue

  guest

• Harry Stebbings

  host

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Clément Delangue and Harry Stebbings, Clem Delangue: The Ultimate Guide to Investing in AI; Elon's Threat to Sue OpenAI | E1013 explores clem Delangue Explains Open AI Ecosystems, Startup Moats, And Fundraising Reality Clem Delangue, CEO of Hugging Face, discusses the evolution of his company from a consumer ‘Tamagotchi AI’ app to a leading open-source AI platform, and why openness has driven most AI progress. He contrasts two visions of the AI future: one ultra-centralized model (e.g., OpenAI) versus a world of many specialized, often open-source models owned and tuned by individual companies. Delangue argues that long-term advantage comes from building in-house AI capabilities rather than relying solely on black-box APIs, even if the latter are easier at first. He also shares candid views on startup fundraising, the role of VCs, regulation, and why founders must focus on enjoying the act of building rather than expecting things to get easier at later stages.

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