Artificial intelligence is a disruptive technology that promises tremendous benefits to the tech industry.

Current products will be upgraded to use AI.

New products will be introduced using AI from the get-go.

Here’s a list of product strategies for AI:

AI-based applications that use large language models called LLMs.

This could be a chatbot that replaces a traditional user interface.

AI-based networks that leverage AI for performance.

This could be a solution that gives a more complete picture of the system.

AI-based platforms that enable multiple applications using an AI engine.

AI-based marketplaces that enable new features for discovery.

Marketplaces are ideal for creating and capturing data, such as the most popular product in a category.

Marketplaces also make matches between a buyer and seller.

AI can perform more comprehensive matches and provide the buyer with help in finding the right product.

AI will find its initial success in creating assistants.

An assistant can guide one through a complex process, enhancing the user experience.

Consider these product strategies for your startup.

 

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.