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The Uber that Never Was

This is going to be BIG.

Using the proliferation of newly GPS-enabled mobile devices to enable taxi hailing and beat out stagnant incumbent providers was always going to be a big win for consumers. It provided a better service than existing cabs were going to be able to do for at least several years—cutting out lots of unnecessary overhead in the system.

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Document onboarding startup Flatfile nabs $50M from investors, including Workday

TechCrunch

” Flatfile competes with incumbents like Textract, Amazon’s service that can automatically extract text and data from scanned documents, and Microsoft’s data onboarding tool Form Recognizer. Annual recurring revenue is over $5 million, and we project it will more than double over the next 12 months.”

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Usage as the Moat in AI

Tomasz Tunguz

Incumbents have seized the moment with Microsoft, Adobe, & others integrating generative AI into their products quickest. Models require millions of dollars & technical expertise to deploy: document chunking, vectorization, prompt-tuning or plugins for better accuracy & breadth. What are these moats? What are these moats?

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Trends in the Post-Modern Data Stack

Tomasz Tunguz

We use vectors to find similar documents & images & content to help AI answer questions better or generate inspiring images. We discussed some of the potential reasons : the lack of immediate cost cutting, the desire of the incumbents to retain that data for their own revenue.

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Putting Data in a Corner: LLMs and Financial Services Data

Andreessen Horowitz

For new entrants looking to take advantage of the advent of LLMs and disrupt the status quo by going upstream of these incumbents, we’ve done a deep dive into Bloomberg, Morningstar, and Verisk’s stories. In doing so, each built the beginnings of what are now category-defining businesses.

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The Breakout Tech Company Of 2018

Haystack

Look at Docusign, as one shining example — a company many folks thought would be a $1-2B outcome for a feature (e-signatures) transformed into a $10B+ document management platform. Here’s why: 1/ Pro-sumer Trend Has Legs In Enterprise: The freemium pricing model ushered in a new wave of business applications and services.

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Ushur, which aims to automate aspects of the customer experience, raises $50M

TechCrunch

Ushur, which Sadasiva co-founded in 2014 with ex-Lucent Technologies staffer Henry Peter, targets enterprises in heavily regulated industries such as insurance, healthcare, financial services and banking with tools designed to simplify the adoption of tech like conversational AI and intelligent document processing. After all, Jiffy.ai