Business
How to build a solid — and profitable! — AI startup
After a year of people throwing money at AI businesses, investors are now looking for startups that are more solid and viable. That could prove daunting for AI founders: AI is expensive to build and maintain.
Full TechCrunch+ articles are only available to members.
Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription.
SymphonyAI CEO Sanjay Dhawan offers some tips on how to build a strong foundation for a profitable AI startup. His first tip? Be realistic about your cost model.
Thanks for reading!
Generative AI isn’t a home run in the enterprise
Ah, we’ve found the one place that’s slowing down when it comes to generative AI: the enterprise.
According to a Boston Consulting Group survey of 1,400 executives, almost 70% said they’re ambivalent or dissatisfied with the progress their orgs have been making on generative AI. Though they still see it as a priority, factors like no roadmaps or strategies and a lack of talent are preventing those surveyed from jumping all in. “The results put into sharp relief the high degree of enterprise skepticism surrounding AI-powered generative tools of any kind,” writes AI reporter Kyle Wiggers.
Get the TechCrunch+ Roundup newsletter in your inbox!
To receive the TechCrunch+ Roundup as an email each Tuesday and Friday, scroll down to find the “sign up for newsletters” section on this page, select “TechCrunch+ Roundup,” enter your email, and click “subscribe.”
Click here to subscribe
Startups must use investors’ operational expertise to solve inefficiencies and scale up fast
Founders and investors should forge relationships beyond just the finances. Having an investor on the board could help accelerate growth, but knowing where the board member’s responsibilities begin and end is not always clear.
Vineet Jain, CEO and co-founder of Egnyte, a leading cloud-based collaboration and governance platform, offers some advice on how to navigate these conversations.
Ask Sophie: Do I qualify for the stateside visa stamping program?
Dear Sophie,
I’m working in the U.S. on an H-1B visa, which I received in 2022. However, I don’t have an H-1B visa stamp in my passport because I changed my status from an F-1 student to H-1B professional while in the U.S. Although I think I qualify for an interview waiver at the U.S. Embassy in New Delhi, I haven’t left the U.S. because of the uncertainty of whether I would be granted an interview waiver and the potential delay in returning to my job in the U.S. I heard a new visa stamping program will start in the U.S. soon. Do I qualify?
— Seeking Stamp
-
Business7 days ago
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
-
Business6 days ago
Tesla’s new growth plan is centered around mysterious cheaper models
-
Business5 days ago
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
-
Business5 days ago
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
-
Entertainment3 days ago
Summer Movie Preview: From ‘Alien’ and ‘Furiosa’ to ‘Deadpool and Wolverine’
-
Business6 days ago
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma
-
Business4 days ago
Petlibro’s new smart refrigerated wet food feeder is what your cat deserves
-
Entertainment6 days ago
Tesla’s in trouble. Is Elon Musk the problem?