Building an Intelligent Business OS, with Runway CEO Siqi Chen

Nathan interviews Siqi Chen, CEO of Runway, about revolutionizing business finance through AI. In this episode of The Cognitive Revolution, we explore how Runway is creating an intelligent business operating system that generates financial scenarios and explains complex metrics. Siqi shares insights on AI's future impact on finance, business, and society at large. Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj RECOMMENDED PODCAST: Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more. Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812 SPONSORS: Oracle Cloud Infrastructure (OCI) is a single platform for your infrastructure, database, application development, and AI needs. OCI has four to eight times the bandwidth of other clouds; offers one consistent price, and nobody does data better than Oracle. If you want to do more and spend less, take a free test drive of OCI at https://oracle.com/cognitive The Brave search API can be used to assemble a data set to train your AI models and help with retrieval augmentation at the time of inference. All while remaining affordable with developer first pricing, integrating the Brave search API into your workflow translates to more ethical data sourcing and more human representative data sets. Try the Brave search API for free for up to 2000 queries per month at https://bit.ly/BraveTCR Omneky is an omnichannel creative generation platform that lets you launch hundreds of thousands of ad iterations that actually work customized across all platforms, with a click of a button. Omneky combines generative AI and real-time advertising data. Mention "Cog Rev" for 10% off https://www.omneky.com/ Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist. CHAPTERS: (00:00:00) About the Show (00:02:45) Runway (00:06:11) AI features (00:12:10) Defining the syntax (00:14:48) How AI has been expressed since GPT-3 (00:18:32) When did it become clear that the models were getting good enough? (00:24:29) Sponsors: Oracle | Brave (00:26:38) How the model is being asked to generate a scenario (00:26:38) What will drive the most improvement? (00:28:50) How Runway can help you make decisions (00:37:47) Sponsors: Omneky | Squad (00:39:34) Runway as a business operating system (00:39:51) How does the product work? (00:44:31) What does the future hold? (00:47:34) The frontier model has passed the average person (00:51:18) AI tools for operations (00:55:21) How to get the best out of AI models (01:00:39) How AI models can write as you (01:02:43) AGI, work, and the future (01:08:33) AI safety, regulation, and the future (01:11:26) Closing thoughts (01:12:20) Outro