Automotive AI

Overview

Fascination and fear of missing out (FOMO) appear to be the most prevalent responses to the emergence of AI for use by the general public. While Chat-GPT has gained the lion’s share of attention, new AI engines are being announced every day. 2023 is well on its way to becoming the year of AI.

At this early stage, we can see two AI trends in the design of AI applications:

A) horizontal AI engines designed to provide responses based on existing web content.

B) vertical AI apps designed to serve specific vertical markets such as automotive, medical devices, healthcare, insurance, or education.

Tech companies will harness general and proprietary data to provide users with a higher level of Curation, along with including recent updates about specific topics. 

Join us as Michael Quigley discusses how his company decided to embed an AI engine in their vertical application serving the needs of automobile dealerships and car-buying customers.

The topics addressed in this interview are:

• 00:00 Intro to Michael Quigley at Impel & StartFast Ventures
• 03:40 Pivot to the automotive sector
• 05:16 Growth in the car dealership sector
• 07:16 Pivot to AI
• 09:41 Connecting to the growth equity investor
• 11:28 The plan to sell the Company
• 13:37 Recapitalizing the Company
• 16:09 The message to entrepreneurs
• 17:15 Joining StartFast Ventures
• 18:45 The thesis at StartFast Ventures
• 20:20 Investing other peoples’ money
• 21:18 Adoption of AI technology
• 23:20 Follow-up contact information