Ask HN: Does this AI-marketplace startup have a viable business model?
The founder is telling investors the "revenue target for 2024 is $100M and $200M for 2025."
Can any AI/ML experts comment on their stated business model(s) below and if you believe it is viable $200m business based on a 30% marketplace fee?
- “We would like to lay a foundation for the creation of Artificial General Intelligence and smash the current oligopolistic system of a few large companies basically owning all the AI.”
- "Bringing AIs from all around the world to defeat COVID and get humanity back on track."
- "A global AI network that just works"
- "GenesisAI is a Machine Learning protocol. On top of this protocol, we are building a marketplace for AI products and services - an Amazon for AI services. The marketplace, which includes a built-in reputation system, connects companies in need of AI services, data, and models with companies interested in monetizing their AI tech. Initially, GenesisAI is focused on asset management space and recently entered the healthcare sector."
(all quotes from the NetCapital link)
[1] https://netcapital.com/companies/genesisai
[2] https://wefunder.com/genesis.ai