AI Investment Firm Strat mine Predicts a Seismic Shift: “Decision-Making Without AI is Meaningless”
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A new era of artificial intelligence is upon us, adn leaders across government and business must adapt or risk obsolescence, according to experts at venture capital firm Strat Mine. The San Francisco-based firm, specializing in AI investments, is already leveraging the technology to reshape its own operations and is advising others to do the same.
Riding the AI Wave: From AlphaGo to Exponential Growth
Founded in 2018 by former IBM Chief Innovation officer Jang, Strat Mine foresaw the transformative potential of artificial intelligence long before the widespread adoption of tools like ChatGPT. Jang’s initial intuition, sparked by academic papers following AlphaGo’s victory over a world champion Go player, has proven prescient. “At the time, it was a very academic discussion,” Jang recalled. “But we realized that the speed of AI development would be exponential.”
Now, that exponential growth is accelerating. “The speed of development is so fast that if you don’t use AI, you will be left behind,” Jang stated. “Decision-making without AI is meaningless.”
The Importance of User Experience
Success isn’t solely based on identifying technically advanced AI solutions. Partner summer Kim, whose background includes user studies at facebook and Microsoft, emphasizes the importance of user experience (UX). “It’s important to see which AI is technically more complete, but we look at which user experience is better,” she explained.
Kim believes that the next wave of successful AI companies will focus on improving the interaction between humans and machines, and even between humans themselves. She points to the impact of KakaoTalk on interaction in South Korea as an example of how a widely adopted service can fundamentally change social interaction. “Many generated AIs, such as ChatGPT, are still based on text,” kim noted.”We need to think about how it can be convenient to more people with the same technology and more value.”
AI-Powered Investment and the Future of Work
strat Mine isn’t just investing in AI – it’s investing with AI. The firm has developed its own AI system to automatically analyze papers,news articles,and social media trends,automating over 50% of its investment process. This allows for faster,more informed decision-making. “There might potentially be many perspectives, but when people are directly involved, the speed will be delayed,” Jang said.
This integration of AI is also impacting the way companies are structured. conventional functional teams are giving way to more flexible organizations, as AI takes on tasks previously requiring collaboration between engineers and designers. “Values such as communication and teamwork, which have been emphasized in society so far, are changing in the era of AI,” one analyst noted.
Korea’s AI Potential and a Global Outlook
Strat Mine recently toured Asian countries, including South Korea, offering guidance on AI strategies. With the Korean government pledging 100 trillion won to become a global AI powerhouse, jang believes the country has a unique opportunity. he suggests focusing on optimizing AI for the Korean language, legal system, and culture, rather than simply replicating existing models like ChatGPT.
“There is a lot of open models, so you don’t have to make the same ChatGPT,” Jang stated. He also cautioned against domestic companies focusing solely on generating AI fees abroad, arguing that it coudl hinder competitiveness. Kim advised Korean startups to “move the world market from the beginning,” targeting global audiences from the outset.
A “Heavy Swell” Moment for AI
The current surge in AI development is being compared to a “heavy swell” for surfers – a powerful wave that demands immediate action. “The height of the waves is rising now, which means that if you do not actively get on the waves, you will be rescued without dying or eating water and not saving anything,” Jang concluded. The message is clear: embracing AI is no longer optional, but essential for survival and success in the rapidly evolving landscape of the 21st century.
