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AI Is Not A Competitive Advantage For Startups: Here's Why

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Serge Vasin is Partner at Flintera, a startup studio with a private equity arm that's focused on SaaS, blockchain, AI and EdTech. Read Serge Vasin's full executive profile here.

in the world of technology. And two things the hype machine is going all in on are the technology’s potential benefits and the disruptions it will bring to businesses.

Yet many startups have tried, and continue to try, to make AI the David that will disrupt the big Goliaths in these categories.Startups need to look at the world of AI differently. For the bigger incumbents, the technology is just another feature. It’s simply one more way to monetize what they already have.to enhance its website design and creation process. Wix's AI site generator uses algorithms to create websites based entirely on the user's inputs.

Hence, the technological edge that AI initially offered can evaporate quickly, and startups are left competing in a highly saturated market, which is not an attractive proposition for any new business.Startups must have a real competitive advantage to succeed in today's market. Utilizing APIs or open-source algorithms does not constitute an advantage.

 

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