In the last century, the world underwent a series of technology platform shifts: from semiconductors to mainframes, networking, to the web, the cloud, mobile, and so forth. Each of these waves has given rise to a new cohort of category-defining companies. These in turn have a profound impact on society, as we learn to interact with technology in new, unforeseen ways. 

It’s pretty clear to us that ‘Machine intelligence’ is the next great platform shift, and perhaps the most important of the list above. We are now at the point where AI systems can achieve human-equivalent performance, unlocking entirely new generative and interpretative capabilities. This is set to transform every aspect of the economy.

At Mosaic, we’ve been investing in this trend since 2015 – from early computer vision applications, through to the rise of NLP, to today’s era of large general-purpose transformer models. We’re now at the inflection point of widespread adoption, both in consumer applications and in the enterprise. As this plays out, we believe that the European ecosystem is well positioned to generate outsized value, with its combination of world-leading research institutes, Big Tech research labs, and a bench of talented, experienced entrepreneurs.

The tough questions we debate include: where in the new “AI stack” will the most value be captured? What will the next decade’s truly defensible, scalable AI-first applications look like? What are the new moats and the new user experiences that will separate the winners?

If you’re exploring these questions too, we’d love to chat.

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