Smash Notes

Back to 20VC: Horizontal vs Vertical Agents: Who Wins | Model Routing: Commodity or Increasing in Value | The Future of the Inference Market | Why Founders Should Take Discounts for Tier 1 Firms with Harrison Chase, LangChain, with Harrison Chase.

Why Hasn't Anyone Solved AI Memory?

Harrison Chase says the hardest part of AI memory is the intelligence that decides what to keep, not the database. A context layer for agents is an agent wrapped around a database, and the data market is still early. ClickHouse is doing incredibly well and stays largely focused on a traditional database, storing and querying data in traditional ways. ClickHouse existed before AI. ClickHouse, Mongo, and Elastic are great for data that software systems produce. Ingesting learnings still needs intelligence, and that intelligence is really hard. A number of companies store memory in a single file. The hard part is taking observations from a user in traditional software, or from a user with an agent, and distilling them into information valuable enough for the context layer.

Large language models still struggle at meta-reflection: reflecting on prompts and improving prompts, and reflecting on agent architecture and improving agent architecture. Engine, the agent running on things, already has some benchmarks, and an internal benchmark for meta-reflection should still be built. Meta-reflection is difficult for agents and generally hard for humans too. He is unsure whether people understand what goes on inside the brain, and brains remain complex things people do not fully understand. Models are not great at reflection, and the inputs, outputs, harness, and workflows are still unknown. Models will probably be meaningfully better at reflection in 12 months.

Grokipedia·Harrison Chase

Transcript

20VC: Horizontal vs Vertical Agents: Who Wins | Model Routing: Commodity or Increasing in Value | The Future of the Inference Market | Why Founders Should Take Discounts for Tier 1 Firms with Harrison Chase, LangChain ·

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch

More from this episode

  1. Should I Take a Sequoia and Benchmark Discount?Harrison Chase says it is absolutely worth taking a discount for Sequoia and Benchmark.
  2. What Is the Hardest Part of Building AI Agents?Harrison Chase says the hardest part of building agents is getting the system to behave reliably. Models are non-deterministic black boxes.
  3. Will Model Labs Eat the Agent Harness?Harrison Chase says the agent harness should stay neutral, so the memory and context an agent builds are not locked to one model lab.
  4. Why Do Domain Experts Win With Vertical Agents?Harrison Chase says a founder should start a vertical agent at the harness layer, doing context engineering before any post-training of the model, because…
  5. What Kind of Agent Do Most Apps Need?Harrison Chase says most apps probably need a vertical agent of their own.
  6. Why Are AI Bills Rising Even as Models Get Cheaper?Harrison Chase says AI bills rise because agents burn far more tokens, even while frontier models get cheaper on price for performance.
  7. What Share of Engineering Salary Goes to Coding Tools?Harrison Chase says they spend roughly 30% of engineering salary on coding tools.
  8. Should Companies Fear Open Source Chinese Models?Harrison Chase does not think fear of open source Chinese models is justified. Some enterprises are fearful of working with open source Chinese models.
  9. Should Founders Discount for Sequoia and Benchmark?Harrison Chase says taking money from Benchmark changes a company's trajectory completely, and a discount is absolutely worth it for Sequoia and for Benchmark.

People

More answers like this

The other side

More with Harry Stebbings

Related episodes

Plays from this note through the rest of the episode.

Weekly highlights

One letter a week.

The notes worth hearing, with the minute they were said.