Millions of jobs will be eliminated in the coming years, while new professions will emerge. The disruption will be significant. Startups will disappear because they won't have enough AI in their DNA.
The arrival of ChatGPT and Generative AI
In France, not everyone is familiar with ChatGPT yet. Insiders are using it, and startups are beginning to integrate AI into their core business, but this is only the beginning.
We need to accelerate R&D spending in general to avoid falling too far behind, particularly compared to the US (in AI and other sectors). Amazon's R&D budget ($73 billion), for example, is ten times that of Sanofi.
The value of Generative AI for startups
The partners at the famous US incubator Y Combinator have clearly grasped the importance of Generative AI. Out of the 272 startups in their latest batch, 59 were focused on Generative AI.
The topics covered are primarily in:
- engineering, product, design
- sales
- customer support
- productivity
- data
- video, voice
- finance, marketing
Still very little in healthcare, but the use cases are massive and the budgets in this field are significant.
Tomorrow, AI will be in every industry, and we will learn to work with it.
How should France react to the arrival of Generative AI?
Given the quality of our engineers and scientists, we must seize this period of intense disruption to continue showing the world that we are not a small, has-been country where people only come to visit the Eiffel Tower and eat a croissant!
It is worth remembering that the head of AI at Meta is French and that we have many leading researchers in this field. Even if they are often at foreign companies...
At Super Capital We have started investing in this sector. And if you're interested, don't hesitate to get in touch!! (:
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