Dennis Mortensen, founder and CEO of AI scheduling startup x.ai, addresses concerns regarding AI software replacing human personal assistants.
Insight
Mortensen: Tech incumbents have zero usable data for training AI scheduling agents
“There you have no data set, as in zero, nothing, because there is no agent-human negotiation under a given dialogue model that exists in that data set, and you can't label it in the past, as in, what if the agent said this, what would the human then say?”
Prediction Held up
Mortensen: Enterprises will buy third-party AI agents rather than build them
“And I think it's going to be equally silly to go, as an enterprise, say, I want to engineer ERP. A meeting scheduling agent like Amy, an invoicing agent like Tommy, a some agent like this. I think they'll have to go into the market and figure out which of thes…”
Opinion
Mortensen: Human-in-the-loop assistant services top out as $30M businesses
“Sell them between two to 500 dollars, which is what they charge, which is not necessarily expensive compared to having a full-time human assistant in your office, but it's still an outsourcing play of sorts, and I'm not saying that to dismiss them, it's just a…”
Prediction Didn’t hold up
Mortensen: I Will Never Start a Venture Without Owning the Underlying Data
“I would never, and I'm underlining this, never start any venture for where I didn't own the underlying data on which my venture operated.”
Insight
Mortensen: Startups Should Accept Dying Over Pivoting From Their Core Vision
“Dying is ok. Change the direction is not ok. Like, pivot, or what have you.”
Prediction Didn’t hold up
Mortensen: AI scheduling assistant market will be winner-takes-all
“Whoever solves the software challenge will have this opportunity to take the market. It's a potential winner takes all, or certainly winner takes most, given the positive outcome of Amy speaking to Amy.”