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Don't forget to jargon check your AI
Sep 27, 2023
Nathan Baschez, CEO and founder of Lex, an AI-infused online writing tool, discusses the market potential for AI-powered writing tools, the current state and future improvements of generative AI, and the financial aspects of pricing and building an AI-powered service. They also explore the challenges of adoption and monetization of AI tools, including privacy concerns and user comprehension.
31:44
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Quick takeaways
- Lex aims to differentiate itself by providing an AI-powered writing tool that offers unique features and capabilities, targeting the market of serious writers who require multiple rounds of revision for their longer pieces of work.
- Nathan Bishaz emphasizes the importance of understanding user needs and building practical features that can be integrated into the product, rather than solely chasing the latest AI advancements, and expects AI-powered services to become more affordable over time.
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The Market Potential and Focus of Lex
Lex is targeting the market of serious writers who require multiple rounds of revision for their longer pieces of work. While the market is large and competitive, Lex aims to differentiate itself by providing an AI-powered writing tool that offers unique features and capabilities. The focus is on understanding the needs of writers and tailoring the product to meet those needs. The goal is to establish a strong network effect and provide value to users, ultimately positioning Lex as an essential tool for writers.
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