RE: 13.7 mill shares16 Apr 2025 21:46
Bixby interview Nov 2023, here' an excerpt, you should get excited, it's coming!
" I wonder if you can tell me a little bit about your USP. What sets you apart?
JB: We are not the only player. Our biggest competitor is taking a very different approach to what we've done. A lot of the big AI companies are taking what I would call a Web 1.0 approach, which is they're building the data centres, they're building the internet connection, they're building all the heavy iron. And so they need to raise a ton of money to do so. The problem with that approach is it takes a lot of time and a lot of money. And it's a lot of technical risk. So if you look at what our competitors are doing, they're building an underlying natural language processing model for their own company. Frankly, I think that's a mistake. I think the way to go to market is to stand on the shoulders of giants like OpenAI or Anthropic, because they're the ones who have spent billions on the underlying tech. We don't need to build the underlying tech. What we need to do is to satisfy customers and solve business problems. And so when you look at our company, our differentiator is we are going to go to market with the best possible product in those verticals that I discussed earlier.
SB: Can you give us a size of the market opportunity? I know it's in the many billions, but can you give me a size of the market opportunity in the sort of sector, if you like, or the piece of pie that you'll be targeting?
JB: The numbers are unbelievable. If you look at the AI market, you're talking about 40 to 50% compound annual growth over the next 10 years on a large base. In the efficiency market, so looking at sales teams, e-commerce teams, basically any sort of repetitive digital tasks we're talking about billions of dollars globally. I don't have an exact number, but it's going to create multiple billion dollar companies, whether those are standalone companies or acquired into some of these large players, time will tell. As you know, consolidation is something that happens in technology every three to five years. I think if we do our jobs right, and we satisfy our customers, we could be a standalone player, or we could potentially be acquired."
Note: "we could be a standalone player, or we could potentially be acquired."
Cykel is In Beast Mode!
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