Flaherty advises buyers to stay ahead of the AI curve, despite the risks and the immaturity of some products. He acknowledges the fear of failure and potential breaches of privacy rules, but compares it to the initial resistance to email, stating that these are real issues but should not deter the adoption of AI. He concludes by emphasizing that the AI revolution is happening, and companies can either adapt or be left behind.
Key takeaways:
- Generative AI is at an inflection point and peak hype, but these are not mutually exclusive, according to Casey Flaherty, co-founder and chief strategy officer at LexFusion.
- While some believe gen AI is overhyped and will calm down soon, Flaherty believes we are in a new super cycle of technological advancement, with gen AI being the latest phase.
- Not all gen AI products launched in the first wave will be successful, but companies that have been working with large language models, like Casetext, have an advantage.
- Despite the risks and potential costs, Flaherty argues that it's better to be ahead of the gen AI curve, as the technology is happening and will be done by you or to you.