article thumbnail

When AI Favors the Incumbents

Tomasz Tunguz

Teams will summarize meetings, create chapters in those meetings, extract tasks, translate in real time, & develop templates for future meetings. Incumbents have lept onto advances in generative machine learning more aggressively than any trend in recent technology history. Mobile, cloud, social - startups led each of those waves.

article thumbnail

My First 16: Competing in a Crowd of Incumbents with Mercury’s Immad Akhund

Andreessen Horowitz

In this episode, a16z partner Seema Amble talks with co-founder and CEO of Mercury Immad Akhund about the idea of a minimum delightful product in fintech, doing the spreadsheet math on unit economics early on, and how to compete in a category already filled with incumbents.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents

Tomasz Tunguz

Foundations endowed with significant token stakes fuel the ongoing protocol development, balancing the capitalism needed to fuel progress with the benevolence intrinsic to the open-source ethos. DAOs bind the loose community of open-source software contributors through tokens. There’s one more!

article thumbnail

Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. ” Chatterji has a background in data science, having worked at Google for three years at Google AI.

article thumbnail

Every time OpenAI cuts a check for training data, an unlaunched competitive startup dies. Without a ‘safe harbor,’ AI will be ruled by incumbents.

Hunter Walk

Start with something like, “For the next 12 months any developer of AI models would be protected from legal liability so long as they abide by certain evolving standards.” As I wrote in April 2023 , “What would an AI Safe Harbor look like?

article thumbnail

Why your company requires both brains and brawn to succeed

Entrepreneurs' Organization

Others may call this dichotomy digital versus physical, the disruptor mindset versus the incumbent mindset, start-up world versus Fortune 500, or tech culture versus industrial culture. Most things they have done, from developing software to partnering, have focused on their needs and not customer desires.

article thumbnail

After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

Lisa Dolan, managing director at Link Ventures, said she found the company while examining web traffic data, where Breeze was listed among industry incumbents among consumers searching for disability. He will also increase Breeze’s headcount in the areas of software development, customer service and marketing. “We