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Jaden Schaefer

๐Ÿ‘ค Speaker
6788 total appearances

Appearances Over Time

Podcast Appearances

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Check out the new advancements we made.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Like it's going to make planning your travel itinerary like a thousand times faster.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Like just say you want to go to Greece and it's going to give you like a 15 day itinerary with everything you need to do every hour.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Now, I don't know how often people are planning their travel itineraries.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

I don't know why this is the one demo we get stuck on with everyone.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

And I apologize for my voice on my demo voice there.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

But it is just one of the things that drives me crazy.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

And it's so wild to see that only 12% of the travel apps are actually using this.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Well, every single AI company is basically using this category as the main demo of a use case, and it just doesn't turn out to be that useful, or I guess the demand isn't there.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Business also has a 19.1% rate of having AI inside of the apps, the business category.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

I think we're...

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

things get a lot more surprising is customer retention.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

So across both monthly and annual subscription plans, AI powered apps consistently were underperforming just regular non-AI apps.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

After 12 months, AI apps had about a 21% retention rate for their subscribers.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

So if 100 people subscribe on day one, 12 months later,

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

only 21 of those will still be subscribed compared to over 30%, 30.7% for non-AI apps.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

So 10% higher if you don't have AI embedded in there.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

Now, I think there's gonna be some things that obviously skew that, which is that a lot of these AI apps are kind of a new, interesting use case and people are gonna be trying them out

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

for the first time.

AI in Business
AI App Crisis, OpenAI Does Math, Big Nvidia Deal

I also think that there's a lot of hype and if the AI can't do exactly what you want perfectly, you're going to move on.