Will we hit the technological singularity with recent advancements in AI?

With the latest advancements in AI, we are on the cusp of a technological evolution  that has the potential to be as revolutionary as the Internet itself, or the iPhone. 

The part that is most impressive to me is the speed of adoption. We are witnessing unprecedented levels of product-market fit, with products like Chat GPT reaching 100M users 2 months post launch, and enterprise businesses hitting $10M of ARR in <12 months. 

I believe the reason for this rocketship growth is simple: 

AI products are meeting deep, unmet needs of customers in ways that were previously impossible. 

More specifically, AI is augmenting human intelligence and unleashing creativity, while filling gaps in industries where there are labor shortages. For instance: 

AI writers will be created to generate, edit, and translate content across cultures

AI therapists will be created to provide mental health to individuals who do not have access to professionals

AI coders will be created to fill the talent gap in the software industry, democratizing access to digital products in lower cost countries

AI tutors will be created so students can receive personalized, one-on-one attention without the high cost of hiring a human tutor 

AI drivers will be created to lower the cost of transportation, improving safety and accessibility for all

*Market map from Sequoia

What a blessing it is to live in Silicon Valley in this day and age, to witness companies, big and small, reinventing themselves. 

I could not be more optimistic and excited for our future. 

Feel free to share how AI is impacting your business in the comments below, or email me at justin@ovtr.ai !