Services Industries
topic on 2 shows · 2 statements across 2 episodes
2 statements about Services Industries, every show
Bhargava: AI will transform low-margin services industries into software-like margins
“Our thesis somewhat is, well, these unsexy services industries that were breakeven or 15 to 20% EBITDA margins, net income, obviously much lower. They can look like software from a margin profile, because once you take out the repetitive tasks and you take out…”
Gil: AI-transformable services headcount is $5T compared to $500B software spend
“You know software spend in the US is something like half trillion dollars a year. There's probably five trillion in headcount costs for services industries that could be transformed by AI, you know, things like legal or accounting or, you know, you name it, sa…”