{"id":20159,"date":"2024-03-30T19:25:32","date_gmt":"2024-03-30T19:25:32","guid":{"rendered":"https:\/\/dev.matsio.com\/matsio\/saasboomi\/?post_type=newsletter&p=20159"},"modified":"2024-04-01T13:46:21","modified_gmt":"2024-04-01T13:46:21","slug":"gen-ai-adobe","status":"publish","type":"newsletter","link":"https:\/\/dev.matsio.com\/matsio\/saasboomi\/newsletter\/gen-ai-adobe\/","title":{"rendered":"Next Stop >> Virtuous Gen AI? ?"},"content":{"rendered":"\n
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Welcome back, my friends! This is your month\u2019s roundup of SaaS, AI, and SaaSBoomi insights: Adobe\u2019s answer to the GenAI copyright question, generative video\u2019s leap, SaaSBoomi\u2019s AI-themed annual awards, AI co-pilots making dentists smile, and more.<\/p>\n\n\n\n

But first the story of a tiny Caribbean island\u2019s AI windfall.<\/p>\n\n\n\n

AI\u2019s unlikely winner: Anguilla<\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Anguilla has a unique claim to fame and riches in the age of AI. The Caribbean island\u2019s internet domain name is .ai, like .in for India. This brought in $32 million last year<\/a>, more than 10 percent of Anguilla\u2019s GDP, from companies registering web addresses that end in .ai.\u00a0<\/p>\n\n\n\n

\u201cSome people call it a windfall,\u201d Anguilla\u2019s premier, Ellis Webster, said. \u201cWe just call it God smiling down on us.\u201d<\/p>\n\n\n\n

Now, to the more serious tidings.<\/p>\n\n\n\n

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Adobe\u2019s virtuous GenAI <\/strong><\/h2>\n\n\n\n

While OpenAI, Meta, Google and others face lawsuits over their AI training data, Adobe is reaping the reward of taking the virtuous path. It chose to use only licensed data for its image-generating model Firefly instead of the easier option of scraping the web. This has given it more control over keeping copyrighted, personal, and toxic data out of its AI.<\/p>\n\n\n\n

Adobe\u2019s AI leaders say<\/a>\u00a0this is the way forward. \u201cTo be honest, when we started with our image model, we didn\u2019t know whether or not we would be able to satisfy customer needs without scraping the web,\u201d says Adobe\u2019s CTO, Ely Greenfield. \u201cAnd we found we could, which was great.\u201d<\/p>\n\n\n\n

Meanwhile, the move towards licensed data for training AI models was the main pitch for Reddit\u2019s IPO on March 21. The forum-based platform aims to\u00a0license its users\u2019 data<\/a>\u00a0to builders of large language models. However, Redditors are protesting the licensing model on the platform.<\/p>\n\n\n\n

Generative video soars<\/strong><\/h2>\n\n\n\n

OpenAI\u2019s generative video model has raised the bar. The company published a\u00a0blog post with seven videos<\/a>\u00a0by filmmakers and creative artists using Sora. As video generation gets more photorealistic, it could disrupt advertising, animation, and even Hollywood, say observers.\u00a0OpenAI CTO Mira Murati says<\/a>\u00a0Sora will be publicly available later this year. This would have implications for countless startups in the field.<\/p>\n\n\n\n

How open is open source AI?<\/strong><\/strong><\/h2>\n\n\n\n

The Open Source Initiative (OSI), custodian of the Open Source Definition, has assembled a group of 70, including representatives of big tech companies, to define open source AI. The fuzziness around how open are so-called open source GenAI models has prompted this move. Meta Llama 2, for example, does not provide access to the data on which it was trained which constrains open source developers. And yet, a flourishing community of developers has grown around the pretrained model, adapting it for various use cases.<\/p>\n\n\n\n

\u201cPeople are using it in all sorts of projects. There\u2019s a whole ecosystem around it. We therefore must call it something. Is it half-open? Is it ajar?\u201d asks Roman Shaposhnik from the Apache Software Foundation.\u00a0Defining open source AI<\/a>\u00a0is important not only for developers but also regulators who relax their rules for open source projects.<\/p>\n\n\n\n

Strategies to scale up and expand globally<\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Insight Partners has just released a white paper on global expansion strategies for Indian SaaS startups.\u00a0Building Locally, Scaling Globally<\/a>\u00a0draws upon ground-level insights on customer outreach, product marketing, and distributed team management. Lessons from successful startups provide pragmatic approaches to a roadmap for propelling the scale-up-to-global momentum.\u00a0Here\u2019s the link to download the report.<\/a><\/p>\n\n\n\n

8% global market share for India SaaS<\/strong><\/strong><\/strong><\/h2>\n\n\n\n

The global market share of Indian SaaS products will reach 8% by 2028, according to a\u00a0new research report<\/a>. Market size is projected to rise to $37 billion from $12 billion. GenAI\u2019s potential to unlock innovations will drive growth, says\u00a0another report<\/a>\u00a0on the convergence of SaaS and AI.<\/p>\n\n\n\n

Enterprise SaaS funding comeback<\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Pitchbook data shows a 12% uptick in\u00a0enterprise SaaS deal value<\/a>\u00a0in the last quarter of 2023, which was no mean feat amidst the doom and gloom. The leading category for funding was a surprise: CRM (customer relationship management). Fancy new SaaS categories around AI and data were laggards in the investments tracked in this report.<\/p>\n\n\n\n

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AI co-pilots bring smiles to dentists<\/strong><\/h2>\n\n\n\n

\u201cIt was a eureka moment for me when the AI picked up things the dentists had overlooked,\u201d says Deep Mehta, co-founder of Toothlens. The Indian startup has built an\u00a0AI model with user-generated smartphone images of teeth<\/a>\u00a0for early detection of cavities and gum infections. US dental insurance and oral care companies have opened a path to monetization.<\/p>\n\n\n\n

Meanwhile, American startup Overjet has raised\u00a0$53.2 million to help dentists<\/a>\u00a0with diagnosis and treatment options. This is the largest AI investment in dentistry so far.<\/p>\n\n\n\n

How Postman built Postbot with GenAI<\/strong><\/strong><\/h2>\n\n\n\n

Developing a proof-of-concept GenAI app and taking it to production presents unique challenges. Inaccurate outputs, high latencies, and the non-deterministic nature of this technology makes it as tricky as trying to hit a moving target. Postman\u2019s experience of developing Postbot and rolling it out to 30 million developers is instructive. Postman\u2019s AI researcher Rajaswa Patil shares\u00a0the experience of creating Postman\u2019s first GenAI product<\/a>.<\/p>\n\n\n\n

Fork in the product roadmap<\/strong><\/strong><\/h2>\n\n\n\n

The rise of GenAI last year brought Amit Srivastava, CTO of Constems-AI, to\u00a0a fork in the product roadmap<\/a>: To continue on the road charted for its tried-and-tested computer vision product for retail analytics or take the road less traveled with GenAI. His jugaad<\/em> was to form two teams, one staying focused on deep neural network models and the other foraying into GenAI transformer models.<\/p>\n\n\n\n

Resetting the playbook for US market<\/strong><\/strong><\/h2>\n\n\n\n

When Raviteja Dodda, founder of insights-led customer engagement platform MoEngage, expanded his startup to the US after cracking the Indian and Southeast Asian markets, he found that he had to reset his playbooks, and not just revise them. From PMF to hiring and customer approach, everything was different.\u00a0He shares his experience<\/a>\u00a0of navigating the US GTM.<\/p>\n\n\n\n

Flowing around rocks with Gupshup<\/strong><\/h2>\n\n\n\n

\u201cThe problem with education and all success is that it doesn\u2019t prepare you for failure,\u201d says Beerud Sheth, co-founder and CEO of conversational AI company Gupshup. Sheth was a top ranker in IIT JEE and a silver medalist at IIT before going to MIT and embarking on a dazzling professional career. None of this guarantees success as an entrepreneur, however, he found. Sheth shares the many crises and workarounds on his entrepreneurial journey, in our\u00a0latest installment of Grit Stories<\/a>. \u201cYou have to be like water flowing around rocks,\u201d he says. \u201cYou can\u2019t break your head against a rock. You need to go around it.\u201d<\/p>\n\n\n\n

SaaSBoomi Award winners ignite our AI future<\/strong><\/h2>\n\n\n\n

March is when all roads lead to Chennai for SaaS founders and this time the traffic was heavier than ever. SaaSBoomi Annual 2024 was bigger than ever before. A standout feature was the SaaSBoomi Annual Awards in nine categories, recognizing\u00a0exemplars in our SaaS community<\/a>. They epitomize the transition from the age of SaaS to the age of SaaS.ai<\/p>\n\n\n\n

And that’s a wrap for this month. <\/em><\/em><\/p>\n\n\n\n

Shoutout to SaaSBoomi volunteers Sumit Chakraberty<\/a> and Varun Thirumalai<\/a> for smart edits, Georgie Paul <\/a>for design help, and PC<\/a> for tech support! Thank you guys ?\u200d\u2640\ufe0f<\/em><\/em><\/em><\/p>\n\n\n\n

Subscribe to the MRR newsletter<\/a> for curated content that will give you food for thought on your SaaS business and all the latest SaaSBoomi content. Already a subscriber? Please forward it to other founders who may find it useful.<\/em><\/p>\n\n\n\n

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A big thank you to our Ecosystem Partners<\/h3>\n\n\n\n
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PS: I want to hear from you. Suggestions; tips; constructive criticism\u2026 please write to me<\/a>!<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

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