Nandini Roy Choudhury, writer
Brief news
– Bret Taylor, chairperson of OpenAI, discussed his AI venture Sierra, aimed at helping businesses create AI agents for customer interaction.
– Sierra, co-founded in March 2023, is valued at around $4 billion and aims to enhance branded customer experiences.
– Taylor believes the current AI wave will lead to significant enterprise software companies and emphasizes the U.S. as a prime environment for entrepreneurs.
Detailed news
On Thursday, Bret Taylor, the board chairperson of OpenAI, participated in CNBC’s Squawk on the Street program to discuss his artificial intelligence venture, Sierra.
The objective of Sierra, which Taylor co-founded in March 2023, is to assist businesses in the development of AI agents that can communicate directly with their consumers. The company’s website indicates that AI agents can assist users in answering questions, automating processes, and performing specified duties, despite the fact that their complexity varies.
Taylor stated that this is the method by which your organization will establish a branded customer experience that is capable of engaging in a conversation with you and will offer all the functionality of the website.
Taylor expressed his enthusiasm for the prospect of establishing a “enduring company,” as Sierra is currently valued at approximately $4 billion.
According to Taylor, the present “AI wave” will result in the emergence of over ten “meaningful” enterprise software companies and over one significant trillion-dollar consumer company.
When questioned about the potential dissolution of Google and regulation in the tech sector, Taylor stated, “I believe that a significant number of individuals in Silicon Valley believe that we should prioritize the empowerment of small technology companies rather than the disempowerment of large technology companies.”
Taylor further stated that the United States is the “greatest country for entrepreneurs” due to its “capital.” We are not overly regulated. In these well-intentioned environments, it is not uncommon for individuals to impose business constraints that are actually advantageous to incumbents, as this results in a significant amount of complexity for entrepreneurs.
Taylor became a member of OpenAI’s board following the temporary removal of CEO Sam Altman last autumn. He has assisted in the organization’s direction as it transitions to a for-profit entity and as other executives, such as its former CTO Mira Murati, have departed.
Source : CNBC News
