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How to build a solid — and profitable! — AI startup | TechCrunch

Jan 12, 2024 - techcrunch.com
Investors are now seeking more solid and viable AI startups after a year of heavy investment in the sector. SymphonyAI CEO, Sanjay Dhawan, advises startups to be realistic about their cost models. Meanwhile, a survey by Boston Consulting Group revealed that nearly 70% of executives are dissatisfied with their organization's progress in generative AI due to factors such as lack of strategies and talent.

In other news, Vineet Jain, CEO of Egnyte, suggests that startups should leverage the operational expertise of their investors to solve inefficiencies and scale up quickly. Additionally, a new visa stamping program is set to begin in the U.S., potentially benefiting professionals like H-1B visa holders who changed their status while in the country.

Key takeaways:

  • Investors are now seeking more solid and viable AI startups, as AI is expensive to build and maintain.
  • According to a Boston Consulting Group survey, almost 70% of executives are ambivalent or dissatisfied with the progress their organizations have been making on generative AI.
  • Startups should utilize the operational expertise of their investors to solve inefficiencies and scale up quickly.
  • An individual working in the U.S. on an H-1B visa is seeking advice on whether they qualify for the stateside visa stamping program.
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