Global AI Conclave: LLMs vs applications? Lightspeed, Premji Invest, Accel and Peak XV weigh in

Even Prayank Swaroop, Partner at Accel, agreed with Peak XV's Lakhani and Premji Invest' Pahwa and said LLMs are only doing what is done, there’s nothing new currently.

At a time even tech leaders, founders and investors are divided between India joining the large language models (LLMs) race or should it focus on building applications, the country’s top fund managers weighed in on the debate while speaking at the CNBC-TV18 & Moneycontrol Global AI

Conclave 2024.

Peak XV Partners’ managing director, Shailesh Lakhani, said, “There are so many new things possible with AI and applications so for most founders that seems like the most straightforward place to start. In applications, there are so many ideas from grating vegetables to processing an insurance claim faster. There’s a zillion problems to solve and we should have way more people trying to do those things today.”

Similarly, Manjot Pahwa, head of early stage technology investments at Premji Invest, said, “The most obvious thing to start with is applications. There are too many picks and shovels and barely any applicants to be using those picks and shovels.”