From dot-com to dot-AI: How we can learn from the last tech transformation (and avoid making the same mistakes)
1 min read
Summary
As with the dot com boom, at present many companies are placing emphasis on AI within their product descriptions, advertising and company monikers, hoping to capitalize on the current hype surrounding the sector.
However, much like the dot com bubble, it will be those firms that have a genuine use for the technology that will ultimately survive and thrive.
Startups in particular should resist the temptation to develop an all-encompassing “AI that can do everything”, instead focussing on a narrow use case in order to dominate a particular market, according to Kailiang Fu, an AI product manager at Uber.
Owning and accessing unique data will also provide a strong defensive mechanism for companies, giving them an advantage over competitors and enabling them to refine and improve their AI offerings over time.