The Ledger
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Olds: Early Generative AI Hype Did Not Translate into Real Workflow Adoption
“And what we ran headlong into was that in spite of all of the talk and hype around gender to the eye, people were just not adopting it. No doubt hundreds of millions of people logged into chat GPT or clot or something and created a, say a haiku about their bow…”
Olds: Students Are Driving Generative AI Adoption in Higher Education
“And most recently have really focused on Providing that not just to the workforce, but also to the higher education space, where ironically students are driving the professors rather than the other way around of using generative AI.”
Olds: Studies show 60% to 80% of students use generative AI
“The studies show it's anywhere from 60 to 80% of students
Have adopted generative AI, and not just in the classroom.”
Olds Predicts Graduating Students Will Carry BoodleBox Into the Corporate Workforce
“Every senior who's on Boodlebox this year, every second year MBA, every third year law student, next July, they're going to be part of the workforce.
They're going to carry this with them into the workforce and go forward.”
Olds: William & Mary Threatened Expulsion for AI-Generated Student Coursework
“William & Mary also came out and said, Hey, if you use generative AI and you're caught using it and you're turned in work, you'll be expelled.”
Olds: Generative AI Compresses Six Months of Startup Setup into Two
“The number of entrepreneurs I have talked to who have taken six months of work in building the initial phases of a company and gotten it down to two months, three months is not insignificant.”
Olds: Boodle.ai Turned Down Multiple 2022 Buyout Offers to Pursue GenAI
“And we actually had several suitors to buy the entire company. And when France and I saw what generative AI was launching, we decided to walk away from that and focus on taking everything, as I said, we had built and merging it.”
Olds: Dec 2023 McKinsey study showed under 10% workforce GenAI adoption
“At that December of 2023, McKinsey published a study citing that Less than 10% of the North American workforce had adopted generative AI”
Olds: Boodle.ai is in talks to sell legacy platform GuideOn
“In order to maintain focus, we actually are in talks with potential purchasers for Guidon that could incorporate that technology into a database of record, and then allowing us to focus fully on Boodlebox and fully on delivering A platform for the easier adopt…”
Olds: Most paying BoodleBox customers remain workforce professionals
“The reality is most of our paying customers right now are still people in the workforce, people on sales teams, marketing teams, venture capital teams, whatever it may be.”