What's happening with the AI wrapper startups?

What would happen to all the AI startups that are raising massive rounds at insane valuations once OpenAI improves GPT-4 (some spicy rumours are going around) or comes up with GPT-5? Most of these "AI" startups are just a wrapper around these existing, capable LLMs. Better versions of these LLMs would start generalising more and doing those specific functions done by these startups much better.

There is a lot of buzz about AI apps but I wonder if existing startups are thinking deeply about changing business models because of AI or leveraging AI to automate/replace people in some functions?

Keep reading news of mass scale layoffs due to AI. Just curious to know. What are companies actually doing with AI? Which products have they built/building, which roles are being replaced, are there are functions or departments which have become redundant? Do you have first hand knowledge of AI actually replacing someone/something?

Was thinking of starting up an ai wrapper product which would use llm and nlp to parse policy documents and alert governments. Any scope?

Seeing this for a few weeks now. Noticed it when PG tweeted about how there are 100 ai startups in the batch and all are legit. That is none of then it’s phony or opportunistic. He also talked about how domain experts are building in AI and great founders. Then saw Garry Tan promoting the batch and retweeting others doing it. A couple of other partners talked about the companies they are excited about too. To me, this signals that yc isn’t getting the kind of interest they used to get and they have to promote the quality of the batch to be able to generate enough interest. For the first time in 10-15 years maybe. If they have to do it to ensure the companies are getting enough funding interest, what about startups without a brand name behind them. We will see more of these as we get close to the demo day. Most startups are just ai wrappers or agents. Not sure about the exact differentiation between them. Not clear from the descriptions or websites.

Name of company Months left according to you Reason For me: Byjus 7-8 months max Selling tabs and doing fraud with poor parents In name of edtech doesn't work

Discussing it LIVE here.

Hello GV, Tons of AI tools/GPT wrappers have come up in the last one year I am curious if you/your workplace actually pays for any of these tools? If yes can you please share these products & the use cases you use these tools for in comments below