An investor with an estimated net worth of $2.5 billion believes businesses can use the current capabilities of AI in one area to get ahead of the competition.
In a new post on X, Airbnb and Stripe backer Paul Graham says the biggest wins for today’s AI are emerging in businesses that were historically bottlenecked by how fast humans could produce text.
According to Graham, coding is one example, but he notes that the same constraint exists across many other industries.
“The sweet spot for present-day AI seems to be projects that were constrained by the rate at which humans could produce text. That’s why it works so well for programming. Basically, programmers produced valuable text. But there are lots of other projects with this quality.
I talked to a startup today that I’d never have considered an ‘AI startup’ when I funded them in 2021. But it turns out that they’re in a domain that was constrained by the rate at which humans could produce text, and now they’re absolutely flying.”
Box CEO Aaron Levie echoes Graham’s take, saying that AI agents are severely underutilized in today’s business landscape.
According to Levie, AI agents can be used to work on text-based tasks across multiple industries, such as health care, law and finance.
“A simple heuristic for where some of the biggest AI agent opportunities are: domains where reading or writing lots of information is a core bottleneck of value creation. Coding has been the first and most obvious one so far, where this manifests in a big way. But the same will hold for areas constrained by reading or writing contracts, financial documents, emails, medical information, logs and so on.
There are probably dozens or hundreds of categories that still haven’t been addressed yet of what happens when you lower the cost of reviewing or producing any form of data by 99%.”
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.