Invest Like The Best
Episode 405 Building Captions
Invest Like The Best

Episode 405: Building Captions

Invest Like The Best

Episode 405

Building Captions

Gaurav Misra and Dwight Churchill are the co-founders of Captions. We cover the idea of solving bounded versus unbounded problems, the process of building a business model and setting pricing for a generative AI product, and the most salient point investors in this space are missing.

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Show Notes:

(00:00:00) Welcome to Invest Like the Best

(00:07:49) The Evolution and Impact of AI

(00:09:14) Challenges in Video Data and AI

(00:10:36) AI in Media Generation

(00:12:07) Building a Sustainable AI Business

(00:14:56) The Journey of a Video AI Company

(00:25:41) AI Video Editing and Creation Tools

(00:29:58) Future of AI in Video and Business

(00:37:51) The Future of Likeness in Video

(00:39:25) Training Models on Human Data

(00:41:15) Competitive Landscape and Copycats

(00:44:01) The Role of Research Talent

(00:46:25) Pricing AI Software

(00:51:51) Investor Perspectives on AI

(01:02:44) Lessons from Snap

(01:07:04) The Kindest Thing Anyone Has Done for Dwight & Gaurav

Building Captions

Introduction

Patrick
My guests today are Dwight Churchill and Gaurav Misra, co-founders of Captions, which uses AI to generate and edit talking videos, and has grown to significant scale at remarkable speed. We explore a key distinction in AI tackling bounded problems like video generation versus unbounded problems like general intelligence and what this means for building sustainable businesses.

We also explore their unique data flywheel, why video generation could reach Hollywood quality within 18 months, and why building advanced AI products doesn't require huge teams. Please enjoy this great discussion with Dwight and Gaurav. And a key side note, the first person you'll hear is Gaurav.

Solving a Bounded Problem

Patrick
So guys, the topic on everyone’s mind, I think, is this shift from AI as this incredible technology—that's decided, everyone understands how amazing this is—to “Okay, great, what are we going to do with it?” and “How can we build enduring, generational businesses with this technology at the core?”

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