Alexandre retweeted
AI is transforming Vertical SaaS, unlocking markets that were once too “small” to target.
For years, niche industries like laundromats, chiropractors, and veterinary services were overlooked because their market sizes seemed limited, and high customer acquisition costs (CAC) made them unprofitable to serve, @astrange and @jamdac, write.
But with AI, that's changing.
By automating labor-heavy processes like inbound sales and back-office workflows, SaaS companies can increase customer spending and significantly reduce CAC, transforming these small markets into highly profitable opportunities.
This chart shows how AI replaces labor with software, expanding market sizes and increasing profitability for SaaS solutions. For example, a market of 10k customers paying $1k/month grows from $120M to $1.2B when AI enables new service offerings, like automated marketing and customer support.
We believe the long tail of Vertical SaaS is now accessible like never before.
For more from Angela Strange and James da Costa, check out the full story: a16z.com/vsaas-vertical-saas…
Alexandre retweeted
So, did you try it?
Try talking with ChatGPT, our new AI system which is optimized for dialogue. Your feedback will help us improve it. openai.com/blog/chatgpt/
Alexandre retweeted
like an ill-fitting hoodie and lego adidas shoes?
congrats on a truly great product!
Alexandre retweeted
Reddit AMA with @sama, @markchen90, @kevinweil, @snsf, and @merettm starts now: reddit.com/r/ChatGPT/comment…
Alexandre retweeted
Excited to announce that I am joining @anyscalecompute, the company behind @raydistributed as CEO! Anyscale got its start at UC Berkeley with Robert, Philipp, and Ion building Ray to scale AI applications across a distributed compute cluster of CPUs, GPUs, and other accelerators.
Their vision has really taken off with the growth in GenAI applications that are powering the next great tech wave, and Ray adoption has skyrocketed 6x in the last year (powering AI at companies like @canva, @coinbase, @Pinterest, @Uber, @runwayml, @RecursionPharma, and many others).
Ray allows enterprises to scale compute intensive AI workloads, from training to inference to data processing, all in a single software platform.
I’ve experienced 3 massive tech waves in my career - Internet, Mobile and Cloud. The next one is very clearly AI and it is only just getting started. As with other waves, there will be a massive AI infrastructure buildout over the coming decade, and I’m so excited to partner with Robert, Ion, Philipp, and the whole Anyscale team to tackle this challenge.
We are hosting #raysummit in October in San Francisco. There will be some amazing keynote speakers including @miramurati, CTO of OpenAI and @agermanidis of Runway. Also a great opportunity to get trained on Ray and Anyscale and learn from the amazing Ray community. Check out raysummit.anyscale.com/
Alexandre retweeted
New high-fidelity AI tools are extending the creative impact of filmmakers, designers, animators, & photographers.
This summer, a16z recently hosted a gathering of artists & technologists in New York to explore how AI's capabilities are enhancing their work.
With the support of companies like @elevenlabs, @HelloCivitai, @krea_ai, @ViggleAI, @udiomusic & @ideogram_ai, artists were able to demo emerging features and experiment with creative new integrations.
Alexandre retweeted
How we're disrupting attempts by covert influence operations to use AI deceptively: openai.com/index/disrupting-…
Alexandre retweeted
We're opening up access to our new flagship model, GPT-4o, and features like browse, data analysis, and memory to everyone for free (with limits). openai.com/index/gpt-4o-and-…
Alexandre retweeted
Say hello to GPT-4o, our new flagship model which can reason across audio, vision, and text in real time: openai.com/index/hello-gpt-4…
Text and image input rolling out today in API and ChatGPT with voice and video in the coming weeks.