Linq's $20 Million Bet on AI in Messaging

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AI in Business 10 min 2 speakers 8 chapters transcribed
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What is Linq and how is it integrating AI into messaging?

Unknown 0:00
Welcome to the podcast. Today we're talking about a really interesting company called Link, L-I-N-Q. They've just raised $20 million, and essentially what they're doing is they're putting AI assistants and they're getting them to live inside of messaging apps. Now, I think this is something that we've seen a lot in, you know, like this is something that's kind of common. We see like Meta AI, I think, is the one that's the most famous for this because they've been able to put Meta AI into applications. Instagram and WhatsApp and of course Facebook Messenger and what's interesting to me is that there's been a bunch of lawsuits like basically Meta didn't want to allow any other AI chatbots to be inside of their platforms and services because they're like you know this is ours there's been a bunch of lawsuits from different countries I believe India in particular and maybe some others that have forced Meta to allow other AI assistants inside of their chatbots
Unknown 0:48
So this is something that I think we're going to start seeing more of in the future and is kind of like meta's moat. Maybe that's slipping. Link, I think, wants to be one of these players. We're going to get into what Link is doing, why they raised $20 million, what they're doing. Before we get into all of that, though, Jamie, would you want to tell everyone about the AI Hustle school community?
Jamie 1:06
Absolutely, yeah. If you've ever wanted to learn how to grow your business with AI or even make money on the side, you want to check out our school community called AI Hustle. We'll link it below, but it's really a great place to be. Each week we release bonus content specifically geared towards how you can actually make money with AI.

How has Linq evolved its business model over time?

Jamie 1:23
So this week we recorded a really interesting episode. Jaden did a complete web redesign of his app, AI Box, he's been working on for over a year now. um, and how lovable was able to, uh, you know, help him redesign it. So we go through things like that. You know, we're, we're talking about, we're doing actually a really big vibe coding course right now, uh, releasing a lot of content over there. So if that's interesting to you, uh, you should definitely check it out. Uh, each week we, uh, so it's right now it's $19 a month and you can lock that price in if you join today. So, uh, we have over 300 members and we'd love to have you be a part of it. Um, but let's talk about link here. Uh, they raised $20 million.
Uh,
Jamie 2:02
which is a significant amount of money. And I always like talking about kind of the history of some of these companies. They started as launching a digital business card business. That was their original business model.

What impact does AI have on service-based businesses?

Jamie 2:15
But they last year kind of helped businesses in a new way, which is upgrading their text messaging, like, you know, text marketing services to instead of just be an SMS text to iMessage. So it showed up. in blue as an iMessage instead of the green, which for some reason matters a lot. But I mean, it really does when you're talking about follow-up and marketing and authenticity, like a feeling of an authentic person you're chatting with. I find that because I have an iPhone, if it's blue, it seems like more real or something and less spammy. But Jane, what do you think about it?
Unknown 2:53
Okay. I think this is... This is a cool company. By the way, it's out of Birmingham, Alabama, which is awesome to hear any company not out of just Silicon Valley, right? Or San Francisco. So that's cool. Okay, what I like about what this company is doing is I do think that there is a ton of untapped potential for so many different industries and markets with messaging. Specifically, what they're doing is helping you inside of iMessage, like text. You're basically having a text message chat with an AI model.

What challenges does Linq face after raising $20 million?

Unknown 3:21
They're helping companies to do that so you can text the company. texting back and forth with an AI model. It's a lot like what we're seeing with customer service, right? There's these customer service bubbles that when you go to a website, you can talk with them. And like I use a lot of I used to kind of hate it.

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