Is the AI tool market a too crowded now?
I see a lot of glorified weekend projects raising millions of dollars... pretty much anyone with little coding experience can put together a langchain + vector db backed app together so why would even small companies spend thousands of $ on a tool when they could easily build their own? Am I tripping lol would love to hear a different perspective
I'm in the digital marketing space and I swear a new AI tool is being pushed on the daily. They are being ate up by so many people and also raising insane amounts of money. While I feel like 99% of the tools are absolute garbage, I believe that small business owners are feeling FOMO and wanting to stay involved.
Can anyone name a nontrivial functioning llm tool, that actually helps in some business task? Not counting chatgpt, something using langchain + vectordb for example? I see lots of minimal examples but nothing real.
For stuff that works “no”, for products where the business plan is “me too”, I think “yes”.
A key differentiator is making large evaluation data sets that prove that it works. Many hustlers are way too lazy to do that.
I think it's more about potential TAM than the current product. The hypothesis is probably that there will eventually be a winner in each vertical, and that $$ can mint the winner.