Rabbit CEO Jesse Lyu on the high-risk, highly-hyped r1 AI companion | StrictlyVC LA

02 Mar 2024 (8 months ago)
Rabbit CEO Jesse Lyu on the high-risk, highly-hyped r1 AI companion | StrictlyVC LA

Device and Pricing

  • The R1 device addresses the challenges of using multiple apps by integrating various tasks into a single platform.
  • Priced at $200 with no subscriptions, the R1 aims to minimize risk and ensure accessibility.

Large Action Model (LAM)

  • LAM, the centerpiece of the R1's software, is an AI trained on real human interactions with various apps.
  • LAM symbolically extracts buttons and elements from interfaces to automate tasks, working with any user interface without requiring specific knowledge or changes.
  • Unlike traditional AI assistants, LAM does not require user passwords or sensitive information, addressing privacy concerns.

Business Model

  • The company is not losing money by selling the R1 device and does not plan to use a subscription model.
  • A "teach mode" feature allows users to create their own "rabbits" (LAM-powered applications) and potentially sell them through an app store-like platform.
  • A partnership with Praxity provides free credits for its language model on the first 100,000 R1 devices.

Competition and Growth

  • The speaker acknowledges the potential threat from larger companies like Apple, Google, and Microsoft but emphasizes the importance of focusing on their own growth and survival as a startup.

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