Transforming Services with Gen AI

The differential scale in company valuations over the last decade highlights the impact of technological advancements, particularly noting Apple's success in the mobile industry. While mobile technology was an extension, AI represents a new type of technology creating opportunities across various sectors. Gen AI has the potential to revolutionize service industries such as legal, accounting, sales, and nursing by converting a portion of their payroll into SaaS revenue, potentially recreating the entire SaaS market worth $500 billion annually due to labor shortages in these fields.