Sramana Mitra: Which ones do you categorize as the ones that are going to be the harder to deal with?
Daniel Cohen: There are areas in the world that technology has disrupted and yet not disrupted at all. If you look at Healthcare, on one hand, of course our life’s changed completely, but then there’re some things that are exactly the same.
>>>Daniel Cohen, General Partner at Viola Ventures, discusses his firm’s AI Investment thesis. If you have been following this series, you know that it has yielded a lot of insights.
>>>Sramana Mitra: So this is a question, Ben, time-wise. I know you’re passionate about food and the whole food-oriented lifestyle. What is your view about cooking?
>>>Sramana Mitra: One of the things that I’m excited about in what’s happening right now is the smaller businesses’ ability to afford technology. For that to be more and more interesting, there will need to be more and more interesting technology available at really low prices that are affordable for the small businesses. That opportunity is still very big.
>>>Sramana Mitra: That is absolutely correct in the examples that you’re giving. There is one thing I want to point out for the audience. Remember when software was being sold by large companies to large enterprises. Back then, this whole category of software companies came in and priced very low SaaS offerings and started selling to SME.
That was a very different business, and their customers are really the no-name customers. That was the strategy that they followed successfully. So that is a valid strategy.
>>>Sramana Mitra: We have a question from the audience. Sanjeev Munjal is asking, “Does this mean that businesses with a lot of historical data can generate LLMs better for sectors like banking, insurance, etc.?”
Benjamin Narasin: Well, that’s somewhat my point—it’s a temporary advantage if a business has historical data.
>>>Sramana Mitra: Before we move on to the next example, Ben, what kinds of insights are being tracked by this AI chief of staff?
>>>Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discusses his AI investment point of view.
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