CEO @ Plotch.ai : Agentic Workforce Infrastructure | ONDC | Craftsvilla | Nexus Venture Partners
I was fortunate to attend yesterday Together Fund AI summit in Bengaluru. I would say it was amongst one of the better ones in AI I have attended recently in India. Not surprising given both Girish Mathrubootham and Manav Garg are very successful entrepreneurs turned VCs. There was also lot to learn from legendary Shekhar Kirani from Accel, Dev Khare from Lightspeed and Lakshmi Shankar from Together Fund Five key take aways for me were: > Target Salary TAM rather than Software TAM (Total Addressable Market) using AI given Salary TAM ($4T) is 10x of Software TAM (~$400B). The "5000 seat revenue model" of BPOs and KPOs is under immediate threat > Unstructured data (text, conversations, voice) is going to go through the roof. Companies like unstructured.io whose ETL pipes can handle unstructured data which shortens triggers to action will succeed a lot > In India AI moves at a pace of months, in Palo Alto it moves at days and SF it moves at paces of hours. This signifies that India as a country has to move very fast in AI. > Be where the customer is not where it may be cool to be. Customers may not be in Valley but somewhere in North Dakota or Ohio. It is also important to move to US earlier in sales journey if the customers are in US. > There are lot of repeat boring tasks which can be first automated using AI. These are the tasks no one wants to do. Like document processing, note taking, organizing data etc. AI can target those first. As a sideline, sense I am getting from hearing VCs in India is that AI is very much on top of their mind and in 2025 AI funding will boom and may even be total of 50% of total funding (exceed $5B) AI landscape in India will likely change a lot in 2025 and hopefully lot more VC funds will throw lot more hats in the AI ring in India.
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1wSounds like a game-changing event in the AI world!