Cointime

Download App
iOS & Android

Investing in Quora and Poe

Since the release of ChatGPT, development of and interest in generative AI have exploded. Each week brings more model releases and additional tools, and Silicon Valley insiders, early adopters, and tech power users have flocked to Discord servers, registered for betas, and actively sought out ways to get their hands on the latest in AI.

But to date, the average consumer’s exposure to AI has typically been limited to playing around with ChatGPT or new generative AI features within existing applications and tools. The same thing that excites those of us in tech—the proliferation of models, GPU efficiency gains, open source, and finetuning smaller, specialized models—is just plain daunting for the average consumer. We believe there won’t be one model to rule them all, and we will need many models across various modes and use cases. But currently, there are just too many models across too many different user interfaces to drive AI-native tool adoption. For AI to cross the chasm and reach the 5B+ global internet users, it needs to be more intuitive and more accessible.

That’s why we’re so excited to share that we’ve invested in Quora, the creator of Poe. Where other AI companies are focused on building the best model, Poe has a two-fold mission: 1) be the best way for consumers to interact with a variety of AI products in the same workflow and 2) be the easiest way for a developer to build a multi-modal AI product and reach a mass audience, whether prompting an existing model to create a bot or training a model themselves.

To accomplish this, Poe has already created a compelling aggregation layer for both text and image AI models, including ChatGPT, GPT-4 and DALL-E 3 from OpenAI, Claude Instant and Claude 2 from Anthropic, Mistral, StableDiffusionXL, Gemini and PaLM from Google, Llama 2 from Meta, and many others. Poe then provides a user interface to make it easy to discover new AI tools and for users to create a custom set of their favorite tools from across various models. Why use one platform with one model when you can have a platform for all of them for $20 per month?

Perhaps even more compelling, similar to what Roblox did for gaming, Poe is building tools for creators to modify existing models in order to unleash the creativity in the long tail of people who want to build AI, but don’t have the resources themselves to build models. Roblox created the game engine, providing distribution, trust and safety, infrastructure, and the opportunity for creators to earn a living. The result was a powerful network effect—the more the creators built, the more users came to play with those creations. The more users come, the more creators it attracts.

Poe’s creator tools are in the early stages of development but offer benefits similar to Roblox, including multi-platform infrastructure, discovery, and the ability for bot creators to generate revenue. Already, Poe shows signs of increasing returns to scale. Currently, Poe is one of the top 5 largest generative AI-related properties, and creators have built 1M+ bots on Poe the platform. With this latest round of funding, Quora plans to further help AI creators and developers monetize their creations.

Adam D’Angelo, founder of Quora and Poe, is one of a rarefied group of founders who have successfully built a consumer internet company with hundreds of millions of monthly active users. Adam has been early to the AI wave, just as he was with software and user-generated content, and every time we talk I come away impressed with his deep technical knowledge of AI as well as an understanding of what is missing in the market. One of our early bonding moments was over the concept of increasing returns to scale—a theory that underpins Poe’s competitive advantage.

Poe has the added advantage of being able to tap the Quora community of 400M+ users looking for knowledge and expertise. Poe is the logical evolution for these people to find and interact with information, giving Poe distinctive advantages where AI and human expertise intersect and providing a unique distribution channel. Adam and his team are already moving fast, having launched apps for iOS, Android and Windows, supporting multiple languages, threading, PDF summaries, multimodal, and creator monetization, among many other features.

With plenty more great things to come, I am thrilled that a16z Growth led Poe’s latest round of funding and I joined their board as they bring generative AI to the masses. For anyone interested in creating a bot and participating in the ecosystem, you can learn more at developer.poe.com. And for anyone who hasn’t yet tried Poe as a user, you can get started at poe.com

AI
Comments

All Comments

Recommended for you

  • U.S. July Nonfarm Payrolls Fall by 23,000, Missing Market Expectations

    On August 7, U.S. nonfarm payrolls decreased by 23,000 in July, compared with market expectations of an increase of 80,000, and the previous value was an increase of 57,000.

  • US May and June Nonfarm Payroll Additions Revised Down by 103,000 Combined

    On August 7, the US Bureau of Labor Statistics: May nonfarm payroll additions were revised down from 129,000 to 63,000; June nonfarm payroll additions were revised down from 57,000 to 20,000. After the revisions, the combined additions for May and June were 103,000 lower than previously reported.

  • U.S. Rate Futures Market Sees Lower Odds of Fed September Hike

    On August 7, the probability of a Fed rate hike in September as priced by U.S. interest rate futures declined.

  • New York Gold Futures Top $4,400 per Ounce

    New York gold futures topped $4,400 per ounce, up 2.36% on the day.

  • Japan Finance Minister: FX Market Affected by Moves Not Driven by Actual Demand

    Japanese Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Bessent agreed that the foreign exchange market has been affected by moves not driven by actual demand.

  • BTC Breaks Through $65,000

    Market data shows BTC has broken through $65,000, currently reported at $65,007.44, with a 24-hour increase of 0.6%. The market is highly volatile, please exercise risk control.

  • Brent Crude Drops 2.00% Intraday to $81.07/Barrel

    Brent crude oil fell 2.00% during the day, now at $81.07 per barrel. (Jin Shi)

  • Trump: Data Centers May Be More Important Than Oil

    August 7 news, U.S. President Trump said in an interview with Punchbowl News, "I saw the other day that Texas seems to be opposed to building data centers. I think that's a mistake. I'm not taking a position—I just think it's a mistake, because there are other communities that want to build data centers. When a community is willing to accept data centers, it means a lot of money will flow into that community. I don't think they're ugly. Some of the data centers I've seen are the most incredible buildings I've ever seen. They are very important to the economy. If Texas says no to data centers, that's a mistake, because data centers may be more important than oil."

  • Trump to Meet with Mining Executives

    On August 7, according to CCTV International News, US President Trump will convene executives from some of the world's largest mining companies at the US State Department on August 7 local time, in an effort to take action to 'secure critical mineral supplies for the US and its allies.' Reuters reported that the US urgently needs critical minerals to replenish weapons inventories depleted during the war against Iran. During the more than five-month war with Iran, the US military expended large quantities of precision-guided missiles and air defense interceptors. US defense officials and lawmakers have warned that given existing production capacity constraints, replenishing some stockpiles could take years—although the Trump administration has denied reports of a so-called 'severe shortage of ammunition stockpiles.' According to Pentagon officials and defense companies, supplies of minerals such as rare earths, tungsten, germanium, and scandium are essential for manufacturing precision-guided missiles, fighter jets, armored vehicles, infrared sensors, and other advanced weapons systems. Expected attendees include industry giants such as global mining giant Rio Tinto Group, Australia's BHP, US Freeport-McMoRan, US Mountain Pass Materials, US Rare Earths, US Energy Fuels, and Canada's Metals Company. According to sources, the Trump administration plans to announce multiple deals and memorandums of understanding.

  • US Regulators Systematically Review Chinese AI Firms' Third-Country Computing Power Leasing

    August 7 news, according to Bloomberg, people familiar with the matter revealed that the U.S. government department responsible for investigating chip export control violations is reviewing Chinese AI companies' leasing of computing power in third countries to obtain Nvidia advanced chips.