Gomez: Software companies shouldn't fear AI margin compression as costs plunge
Aidan Gomez · Aidan Gomez: What No One Understands About Foundation Models | E1191 · 20VC with Harry Stebbings · Aug 19, 2024 · at 37:26
Aidan Gomez, co-founder and CEO of Cohere, responds to host Harry Stebbings' concerns about AI-driven margin compression at companies like Canva.
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“For folks like Canva who are keeping the same price I mean, I think it's a good bet. They want to grow their user base. They want to expand their user set. Just give them the most useful product possible. At the moment, don't worry about margins because the cost of AI is falling super, super quickly.”
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