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Revisiting Picks, Shovels, and the AI Gold Rush (Thinks Out Loud)

Thinks Out Loud · April 25, 2024 · 29 min

Summary

This episode offers a crucial framework for ecommerce operators to navigate the AI landscape: focus on the

Key takeaways

Themes

ai & automationfounder & leadershipanalytics & attribution

Topics covered

ai strategygenerative ai applicationsai as a feature vs. productbig tech ai strategiesai infrastructuremarket disruption by ailong-term ai planning

Episode description

With all the changes that artificial intelligence is bringing to the marketplace, it can feel awfully tough to keep up. As marketers and strategists, though, we need to look beyond just the latest headlines to see the deeper trends shaping our customers’ behaviors — and the responses to those trends from our competitors and from Big Tech. For instance, I’ve been relatively bearish lately on Google’s articulated vision — or lack thereof — for artificial intelligence. And I’ve been much more bullish about Microsoft and Amazon and OpenAI. But here’s the thing. We’re in the early days of generative AI in practice. Yes, it’s getting used every day. At the same time, I’d challenge most people to name 10 great products that depend solely on generative AI, let alone 10 great companies that that do. Yes, we’re seeing gen AI incorporated as a feature into existing products. We’re also seeing some amazing technological breakthroughs that might someday morph into great products. But remember that great

Frequently asked about this episode

What does this episode say about ai & automation?
Identify and invest in the
What does this episode say about founder & leadership?
Scrutinize claims of revolutionary AI-first products; genuine value often lies in AI as an integrated feature or enabling technology.
What does this episode say about analytics & attribution?
Develop long-term AI strategies based on fundamental shifts in customer behavior and market dynamics, rather than reacting to short-term hype.
What does this episode say about ai & automation?
Analyze the differing AI strategies of major tech players like Microsoft, Amazon, and OpenAI, as their approaches will shape the tools and infrastructure available to your business.
What does this episode say about ai & automation?
Recognize that foundational AI technologies, computing power, and specialized AI tools represent stable and profitable investment opportunities, mirroring the 'picks and shovels' of a gold rush.

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