Most of the people sitting on piles of money don’t have any knowledge or radar to help them negotiate where to put it. They lean heavily on other people to tell them what to invest in.
When AI first started getting big everybody was guessing where the curve was going to be and where the technology was going to head. The people guiding the venture capitalists were putting their oars in the water early.
To be fair there’s a lot of money to be made in AI assistants if they can manage to run the back end affordably. If you’re asking Google, Siri, and Alexa complicated questions they’re miserably fit for the task. But when we get to the point where you can expect a reasonable answer from something like look up all the places to rent cars near Tucson Arizona give me the cheapest price with the best reviews. Or tutor my kid on basic calculus, test him, and give me a report on where he needs more assistance. That kind of stuff is worth money and something that many people with money will pay for.
This form factor is off-putting and honestly AI at this point is still only mostly right.
The VCs are all over AI and there’s opportunity there. Just not on every product and probably not yet.
I used to work in a company that was VC adjacent.
Most of the people sitting on piles of money don’t have any knowledge or radar to help them negotiate where to put it. They lean heavily on other people to tell them what to invest in.
When AI first started getting big everybody was guessing where the curve was going to be and where the technology was going to head. The people guiding the venture capitalists were putting their oars in the water early.
To be fair there’s a lot of money to be made in AI assistants if they can manage to run the back end affordably. If you’re asking Google, Siri, and Alexa complicated questions they’re miserably fit for the task. But when we get to the point where you can expect a reasonable answer from something like look up all the places to rent cars near Tucson Arizona give me the cheapest price with the best reviews. Or tutor my kid on basic calculus, test him, and give me a report on where he needs more assistance. That kind of stuff is worth money and something that many people with money will pay for.
This form factor is off-putting and honestly AI at this point is still only mostly right.
The VCs are all over AI and there’s opportunity there. Just not on every product and probably not yet.