At the HumanX AI conference in Las Vegas, Poolside co-founder and CEO Jason Warner sparked a thought-provoking discussion by asserting that companies should focus on building applications rather than foundation AI models. Warner, a seasoned technology expert, emphasized the importance of creating tangible products that can drive real-world impact.

Warner's stance is rooted in his belief that intelligence is the most valuable commodity in the world, comparable to electricity. He argued that companies building foundation models must have a clear understanding of the significance of artificial general intelligence (AGI) and its potential to revolutionize humanity. "If you're one of those people, if you want to take one side of the fence, you're a printing press for cash unlike anything we've ever seen in the world," Warner said, highlighting the immense opportunities and responsibilities that come with developing AGI.

However, Warner also cautioned against treating foundation models as a mere means to raise venture capital. Instead, he advocated for building applications that leverage these models, as the latter should be a part of a larger product. This approach, he believes, is essential for companies to stay competitive in the rapidly evolving AI landscape.

Poolside, Warner's San Francisco-based startup, is taking an ambitious approach by "literally" going after AGI through software. The company has raised over $620 million in venture funding and is currently valued at $3 billion. Warner's vision involves tackling challenging fields like defense and working with the government, with plans to launch a consumer application in the future.

Warner's comments have significant implications for the AI industry, as they underscore the need for companies to focus on practical applications that can drive real-world impact. By prioritizing tangible products over foundation models, companies can create more value for their customers and stakeholders, ultimately contributing to the advancement of AI in a more meaningful way.

As the AI landscape continues to evolve, Warner's words serve as a timely reminder of the importance of responsible innovation and the need for companies to prioritize substance over hype. By focusing on building applications that can drive real-world impact, companies can unlock the true potential of AI and create a brighter future for humanity.