The video discusses the potential of AI to empower businesses of all sizes.
While many large tech companies have been able to invest in AI and generate significant revenue from it, smaller businesses have not been able to do the same due to the cost of building AI systems. However, AI can work on modest amounts of data and could be used by small businesses to improve sales, demand forecasting, product placements, supply chain, and quality control.
The long-tail problem of AI refers to the fact that there is no one-size-fits-all AI system, and each project needs to be custom-built. Nevertheless, if smaller businesses could access AI, it could provide significant benefits to them.
Keywords
A company is simply a group of people
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