Sramana Mitra: Now, are you seeing the AI startups also starting to do services work? I have seen several instances where they have AI capability, but they’re actually going to market with large projects where they provide product and also do the services as one solution.
>>>Amazon (NASDAQ: AMZN) recently announced its second-quarter results that missed market expectations on revenue. Its stock tumbled on its revenue miss and weak outlook.
>>>Sramana Mitra: There’s another factor to consider. There’s this company called Tempus that went public in June this year. I don’t know if you’re tracking them. Tempus is an AI company that focuses on the pharmaceutical industry. It has all kinds of pharmaceutical use cases and healthcare use cases. It doesn’t look like a language model-based solution. It’s an older company, obviously. It already has revenue of over $500 million.
>>>Today’s 650th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, August 15, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Today’s 650th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, August 15, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Sramana Mitra: Absolutely. So let me synthesize a little bit. The semiconductor layer is very expensive to do startups in. There’s quite a bit of activity going on there, but for our audience, where our philosophy is more lean startup, bootstrapping kind of activities, this is not really possible to do as it is capital intensive. We work in the capital-efficient domain.
>>>Rajeev Madhavan, Founder and General Partner at Clear Ventures, discusses how he is investing in AI startups and what he is learning from the market.
>>>Earlier this month, Apple (Nasdaq: AAPL) announced its third quarter results that continued to outpace market expectations. Despite declining iPhone sales, Apple saw significant upside in its other businesses as it continues to push forward on its AI-focused journey.
>>>