Altman: AI startups still need traditional business moats to endure
Sam Altman · How To Build The Future: Sam Altman · Y Combinator · Nov 8, 2024 · at 45:22
OpenAI CEO Sam Altman advises startup founders through YC CEO Garry Tan not to mistake short-term AI growth for long-term business defensibility.
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“It is easy when there's a new technology platform to say, well, because I'm doing some of the AI, the rule, the laws of business don't apply to me. I have this magic technology, and so I don't have to build a moat or a you know, competitive edge or a better product. It's because, you know, I'm doing AI and you're not, so that's all I need, and that's obviously not true, but what you can get are these short-term Explosions of growth by embracing a new technology more quickly than somebody else, and remembering not to fall for that, and that you still have to build something of enduring value, that's, I think that's a good thing to keep in mind too.”
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