Artificial intelligence (AI) is increasingly being used by companies not just for cost-cutting, but also as a way to drive new revenue streams.
Premium AI services, such as OpenAI’s subscription models, reflect the growing costs of delivering such technologies. Lead Edge Capital founder Mitchell Green explains to Catalysts hosts Seana Smith and Madison Mills "the costs of providing the service are much more expensive than your typical search."
Green predicts that dominant players will emerge, as companies like Apple (AAPL), Amazon (AMZN), and Google (GOOGL, GOOG) did with the iPhone. Green highlights that businesses like Genesis in the call center space and software company Grafana Labs in developer tools are likely to utilize AI more.
"They're all going to embed AI inside their systems and leverage their existing customers to continue to grow faster and faster," Green says.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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This post was written by Josh Lynch