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How the generative AI boom could deliver a wave of successful businesses

Source: Venture Beat

Reading Time: 4 minutes

Summary:

Generative AI (Gen AI) has seen massive growth and investments, but its long-term profitability faces hurdles such as monetization challenges, competitive differentiation, and ethical/security concerns. To succeed, Gen AI startups need to focus on customer needs, plan for global scaling, and build a strong monetization model. Despite the potential economic value of Gen AI, questions remain about the sustainability of these businesses. Following core business principles and addressing key areas can help Gen AI startups achieve long-term success.

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