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The Services as Software Revolution

  • Services dominate the US economy, accounting for 72% of GDP and over 80% of household spend.
  • Venture investors have been hesitant to invest in pure services companies due to high labor costs and slow scaling.
  • However, the rise of artificial intelligence is overcoming these obstacles by automating tasks and increasing productivity.
  • AI-powered services are more efficient, scalable, and offer significant opportunities for billion-dollar companies.

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