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At Saastr Annual, we hosted an Enterprise panel of AI leaders to share their experience and knowledge to help others understand how big companies think about and leverage AI. While the first generation of GenerativeAI is great, it’s not quite ready to solve Enterprise problems.
As the co-founder and CEO of leading fintech company, OakNorth , – valued at over 1 billion – he has revolutionized lending for scale-up businesses through advanced data analytics, providing fast, flexible financing solutions for SMEs. As co-founder and CEO of Wayve , he is transforming transportation with AV2.0,
As CTO, Sundt will accelerate the delivery of new products, features, and functionality that unlock and drive increased value for Stax customers and partners. As CTO of Clearent by Xplor, he helped grow its transaction processing from $2 billion to over $20 billion annually. To learn more about Stax, visit staxpayments.com.
This conversation is part of our AI Revolution series, which features some of the most impactful builders in the field of AI discussing and debating where we are, where we’re going, and the big open questions in AI. Find more content from our AI Revolution series on www.a16z.com/AIRevolution.
Here’s how Mosaic describes themselves on their homepage : GenerativeAI for All Easily train and deploy generativeAI models on your data, in your secure environment. Most importantly, they have solved the scaling problem to the extent that anyone can tinker. Many of the new ideas are from ordinary people.
The companies building on this new stack will have 10x advantages over those still running traditional architectures. China views AI supremacy as essential to geopolitical leadership. As Andrew Bosworth (Meta CTO) noted: “This is our space race…there’s very few secrets. Data centers now consume 1.5%
If you build a large collection of small published ideas, they tend to self-assemble into larger, more important essay-scale work. I’ve mentioned that generativeAI tools like ChatGPT and MidJourney allow me to be more ambitious with my projects than I would otherwise have been.
The decision to invest is based on the founding team’s potential and their product’s potential to scale and become a significant market player. The cost of capital has gone up, and digital markets have returned to normal market sizes, leading to a new environment of lower valuations and less money in the market.
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