Thinks 563

Economist on AI foundation models: “Earlier generations of ai systems were good for only one purpose, often a pretty specific one. The new models can be reassigned from one type of problem to another with relative ease by means of fine tuning. It is a measure of the importance of this trait that, within the industry, they are often called “foundation models”. This ability to base a range of different tools on a single model is changing not just what ai can do but also how ai works as a business. “ai models used to be very speculative and artisanal, but now they have become predictable to develop,” explains Jack Clark, a co-founder of Anthropic, an ai startup, and author of a widely read newsletter. “ai is moving into its industrial age.””

Eric Ashman: “In the search for new customers, you increase spending on sales and marketing. You launch new products and services, hoping to extract more value from existing customers while also unlocking new customer segments. You know that all of this growth work is fraught with peril. Many of the things you try won’t work. New products may not be as desirable or viable as your original idea. Marketing channels don’t scale infinitely at your target efficiency. New sales channels can prove to be inefficient paths to new customers.This is why growth must be built on a constant cycle of testing, measurement, and iteration.”

From a JM Financial report: “Quick Commerce platforms are essentially trying to disrupt the unorganised grocery market (mainly the neighbourhood kirana stores) in large cities. Their broader strategy seems to focus on driving the message that shopping for groceries through their online platforms is far more convenient than having to take physical trips to the neighbourhood grocery/convenience stores. By leveraging their scale, platforms can also extract better margins from brands/manufacturers/distributors, a percentage of which then can be shared with the customers to create top-of the-mind awareness or improve customer stickiness. Moreover, some platforms are providing more flexibility to consumers by giving them the option to decide their own delivery schedule. This messaging of speed and convenience essentially addresses the pain-points of urban families having busy lifestyles and nuclear families. High NPS scores for Quick Commerce players compared to offline channel and scheduled delivery players are indicative of the growing consumer satisfaction with the channel.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.