This is a guest post by Andreas Schradi. He is the CEO and founder of Gate5, an IT agency focused on new technologies such as artificial intelligence (AI). Here he highlights new startup opportunities in the AI space for (aspiring) founders.
How do you recognize a good startup idea? According to Peter Thiel, the concept of success is “to have a monopoly for a while”: do not enter the competition (and go down), but start with something new; Be a pioneer and win. The co-founder of PayPal and early investor in Facebook describes this approach in his book “Zero To One.” And this is exactly what artificial intelligence has to offer with particularly great potential.
Study by Roland Berger AI will be influential through 2050 and will grow 24x by 2030 alone, company says about mega trends. Anyone using AI technology to solve problems that were previously impossible to solve or could only be solved at great cost is hitting a corporate nerve. Because they are willing to invest in AI technology.
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