Bloomberg Technology
AI is making companies more efficient, says Fiat Ventures GP
Fiat Ventures General Partner and Fiat Growth Founding Partner Drew Glover joins Ed Ludlow and Caroline Hyde to discuss the impact of AI on the fintech space, and why he thinks AI is a great tool but might not be the right product for all companies. He speaks on “Bloomberg Technology.” ——– Like this video?…
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Susan Elizabeth
September 5, 2023 at 7:55 pm
i am here on the ground. It is getting worse, not better.
Norman Oro
September 5, 2023 at 8:23 pm
It’ll be really interesting to see how fintech companies deploy generative AI both to clients that are businesses and to clients who are individual consumers. As far as whether business-to-business or business-to-consumer seems more attractive, with venture dollars hard to come by because money is so expensive and with the resulting focus on generating real returns now (versus only growth), it would seem like fintech companies that focus more on providing backend services to businesses (eg, processing transactions and providing related analytics) are better positioned than their business-to-consumer brethren. First of all, as Drew Glover alluded to, there aren’t the considerable expenditures needed to create a brand in the minds of potential customers. Perhaps even more importantly, I think the competitive advantage of simply being an incumbent (and therefore a known quantity) can be sufficient when it comes to B2B fintech companies because current and potential customers need reliability and stability. Consequently, the cost of switching to another provider (or selecting a relatively unknown one if you’re shopping for a provider) can often be prohibitive regardless of that provider’s price-point because the perceived risk is so great.
BUY_YOUTUBE_VIEWS_77
September 5, 2023 at 8:55 pm
Truly impressive! 🌟
shoopddawhooped
September 6, 2023 at 3:17 am
Getting some big C3AI vibes from this one. In This Video : Drew Glover does his best dog impersonation as he proves his lack of knowledge around home loan origination and customer privacy regulations then ponders Shopify’s Stripe integration, after deflecting away from GenAI.