Lecture on Applied AI by Arya

Introduction to Applied AI

• Founded: Under 3 years ago
• Focus: Application of AI
• Analogy: Just like oil and electricity, people consume business results generated by AI
• Objective: Ensure focus on application and benefits of AI
• Location: UAE

Industries and Markets

• Key Sectors: Regulated industries
• Primary Markets: Healthcare and insurance
• Export Targets: US and UK
• Workforce: Over 100 employees, 60+ in the UAE

Growth and Achievements

• Product Launch: First product launched 15 months ago
• Financial Milestone: Over $15 million in ARR in the first year

Differentiation in AI

• Philosophy: Product should sell itself (similar to HTML or Linux)
• Focus: Things that won't change (cost, speed, quality)

Example Products

• Deep Doc: Targeted at independent medical examinations in the US
  • Function: Handles administration tasks like sorting, summarizing, and making recommendations on medical claim disputes

Future Plans

• Strategy: Catalog high-value use cases
• Vision: Supercharge labor productivity to compete in a post-AI world
• Caution: Need to be careful with AI applications like handling sharp tools

Advice to Aspiring Entrepreneurs

• Expect Challenges: Facing rejections frequently
• Persistence: Enjoying the struggle and staying motivated
• Innovative Thinking: Ignoring legacy norms and focusing on fundamentals
• Timing: Importance similar to surfing - right equipment and timing

Closing Remarks

• Overall Message: Be resilient, innovative, and strategic