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#147 The Past, Present & Future of Generative AI—With Joanne Chen, General Partner at Foundation Capital

DataFramed

CHAPTER

The Importance of Business Use Cases for AI

There's opportunities to reinvent certain industries by completely changing the business model thanks to this technology. So for example, a legal firm right now charges an ungolly amount per hour for lawyer services. But with ending general AI, what you can imagine is a firm that just has 20 lawyers that are making a billion dollars in revenues because 80% of what they're doing is using machines. And you can change the dollar per hour billing model to something entirely different. That's like one broad strategy that I've seen in the app side. The second is like rethinking business models.

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