When AI research is evolving at warp speed and takes significant capital and compute power, what is the role of academia? Dr. Percy Liang – Stanford computer science professor and director of the Stanford Center for Research on Foundation Models talks about training costs, distributed infrastructure, model evaluation, alignment, and societal impact. Sarah Guo and Elad Gil join Percy at his office to discuss the evolution of research in NLP, why AI developers should aim for superhuman levels of performance, the goals of the Center for Research on Foundation Models, and Together, a decentralized cloud for artificial intelligence.