A naukri.com initiative
Medium
1M
36
Image Credit: Medium
GenAI: navigating the hype as a consumer VC
- GenAI has proliferated significantly over the past few years thanks to advancements in hardware, data, and the development of foundation models (FMs).
- FMs, particularly large language models, form the bedrock of GenAI today and offer the potential to create transformative customer experiences.
- The “wow” factor of GenAI is driving companies beyond mere showcasing and towards delivering tangible value to customers.
- GenAI has been widely adopted, but consumer-facing applications still struggle with retention. However, companies are beginning to offer more enduring value to users.
- As a consumer VC fund, dmg ventures is interested in GenAI start-ups that can offer products with a slick UX and an innovative go-to-market strategy.
- Start-ups that have good tooling/MLOps layers and few competitors are also attractive, as are those with pre-valley approaches to training data.
- The growth of GenAI underscores its transformative potential. dmg ventures sees a massive market opportunity in the production of consumer-facing GenAI applications.
- Though there are some concerns around environmental costs and bias, the potential benefits of GenAI outweigh the negatives.
- GenAI is set to become table stakes for consumer applications over the long term.
- The potential of GenAI feels limitless.
Read Full Article
2 Likes
For uninterrupted reading, download the app