The Importance of Allowing AI to Mature Before Monetizing

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The drive to monetize AI too early in the process is misguided. It is important for the industry to mature and understand the right business models.
Finding the right business model may take time, as seen with Google and their development of the CPC model for Search.
Monetizing products too soon can result in missing out on the potential uplift from mass user adoption and valuable data.
Access to capital is not easily available to everyone, forcing some to focus on making profit and grinding away.
Gathering data and receiving customer feedback are often more important than immediate monetization.
Thoughtful pricing is necessary to ensure that potential customers are not discouraged from eventually paying for the product.

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Today’s show:

Jason is joined by Vinny Lingham to break down IRL shutting down after faking 95% of users (1:12), ZIRP fraud (12:59), Databricks acquiring MosaicML for $1.3B, and some AI demos! (1:02:31)

Check out Waitroom: https://waitroom.com/

Follow Vinny: https://twitter.com/vinnylingham

Time stamps:

(0:00) Vinny joins Jason

(1:12) IRL's 19M fake users

(5:45) Twitter bots and the fake account problem

(11:50) Notion - Try it for free today at https://notion.com/twist

(12:59) Diligence in early-stage startups

(20:59) Databricks acquires MosaicML for $1.3B

(27:02) LinkedIn Jobs - Post your first job for free at ⁠https://linkedin.com/twist

(33:09) Testing Google’s new generative search

(37:47) Fin - Try Fin, Intercom's new AI customer support chatbot, at ⁠https://intercom.com/fin⁠