Ontario-based Shopify (NYSE:SHOP) recently reported its first quarter results that continued to outpace market expectations. The company is leveraging AI solutions to drive end consumer sales through its platform.
>>>Sramana Mitra: Let’s get into some of those questions. You mentioned Azure. Now, generative AI from the Microsoft camp is available on top of Azure as a PaaS for companies like Aisera to tap into.
Muddu Sudhakar: We partnered with Microsoft. We use their Azure Open AI. Our algorithms and NLMs are built on Azure.
Sramana Mitra: All the computing is happening on the Azure platform?
>>>Muddu Sudhakar and I share the perspective that the real opportunity for Generative AI startups is not in building platforms but in piggybacking on other platforms.
This conversation deep dives into the subject with real world examples and explores all the nuances entrepreneurs need to consider.
>>>This feature from Engadget covers the highlights of the Microsoft Build conference held in Seattle last week. For this week’s posts, click on the paragraph links.
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Thunderstorm IV
Thunderstorm IV | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9 x 12, On Paper
Sramana Mitra: How big a deal has your infrastructure been as a cost element in the past and now? It does take horsepower to process data.
Armando Gonzales: Because we don’t have access to that type of capital, we had to build a very cost-effective system. Even these days, it’s probably less than 10% of our gross revenues. Because of the type of software and infrastructure we’ve built, we are able to operate very efficiently.
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Thunderstorm III
Thunderstorm III | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9 x 12, On Paper
Sramana Mitra: At this point, you had a customer. You understand your TAM. You are starting to execute. It’s an easier funding situation.
Armando Gonzales: Exactly.
Sramana Mitra: How much did you raise?
Armando Gonzales: $3 million.
Sramana Mitra: 2008?
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