You won’t hear about the best AI companies
It’s hard not see the hype in AI after seeing Jasper.ai raised 125 million for a 1.5 billion dollar valuation last week.
Their overall growth in copywriting AI is staggering. And it got me thinking — is it really that easy to just build a UI on top of GPT-3 to build a billion dollar business?
For everything that I wrote about AI business defensibility — it seems like Jasper has bucked the trend by making themself the standout out of the plethora of copywriting startups. Copy.ai is rumored to do around $10 million in annual revenue while Jasper.ai has done much more. Also raising $125 million will also surely prompt the attention of other copy-cats to enter and get a slice of the same market.
And from their press release it sounds like they’re set to try to differentiate themselves through the classic feedback loop model I talked about before.
“To build a market leading company in generative AI we need the appropriate infrastructure — that’s what we’ll raise [new] capital for,” Rogenmoser told TechCrunch in an email interview. “We want to build a world-class business, [and] to do that we need capital and highly strategic partners.” Rogenmoser claims that Jasper’s language models — trained on 10%…
