Generative AI is having its moment. From OpenAI to Stable Diffusion, foundational technologies for generating content -- code, text, or images -- from minimal user input are becoming ubiquitous. To the extent the modern knowledge economy can be characterized by processes for creating the right information and providing that information to consumers at the right time, generative AI solutions have the potential to significantly reduce the cost and time needed for these processes.
This article does an excellent job laying out the current landscape as well as providing guidance for how both new players and incumbents can create businesses around AI innovations and protect those innovations. In many ways, the playbook for emerging companies to succeed stays the same even as the technologies change -- focusing on any unique first-mover advantages they have in their vertical and building from there.