Transcript
A (0:00)
Over 42,000 businesses are set up for their next phase of growth with NetSuite by Oracle, the number one AI cloud ERP bringing accounting, financial management, inventory and HR into one platform. Get your free product tour at netsuite.com inc.5000.
B (0:21)
I'm Josh Christensen, Executive producer of Inc. Podcasts and welcome to from the Ground Up. Today we have another panel from this past year's Inc. Founders House at South by Southwest. In this panel, Executive editor Diana Ransom is joined by Soumya Chaka Narayanan, the co founder and cto of Lilly AI, a female founded retail AI company Richard Socher, founder and CEO of You.com, a chat search assistant and co founder of Aix Ventures, an AI focused venture capital firm that invests in early stage AI startups and Naim Talakdar, who is the co founder of Moon Valley AI, a startup developing an AI video generator that allows users to create cinematic videos and animations from text prompts. In this discussion they spoke about future proofing your business by integrating AI to scale in many different industries. They also talked about how to use AI with guidelines and guardrails. Enjoy.
A (1:18)
Hey everyone, I'm Diana Ransome. I'm an Executive editor at Inc. And I'm thrilled to be here and and back with you if you were here earlier. I am joined by an awesome panel of guests. Today we're talking about how to future proof your business with AI or future proofing your business because of AI. We'll get into all those fun questions. So joining me to my left is Soumya Chaka Narayanan who is the CTO and co founder of a company called Lilly AI. And then we have Richard Socher who is the founder of a company called you.com and co founder of Aix Ventures. So get to know this man if you want to raise funding. Naim Talukdar who is the co founder of Moon Valley AI. So thank you all for joining us today.
C (2:04)
Thanks for having us.
A (2:05)
Before we begin, I'd just like to note that a little housekeeping here we're going to leave open about 5 minutes for audience questions. So as we go through please consider what you would want to ask these fine people. And just generally speaking, I feel like to some degree the service that we're going to offer today is just to help guide people with respect to AI and hopefully give you at least one takeaway of what you can do in your own business today to help you kind of like prepare for tomorrow. But before we do that, I'd love to have each of you go through and explain a little bit about what your companies actually do. Soumya, you go first.
D (2:41)
All right, so Lilly, AI is a retail tech company and we help brands and retailers bridge the gap between how they describe products, which we call as the merchants speak, and how consumers actually shop for products and the consumers speak. To give you an example, a merchant might describe a product as midnight French Terry at leisure, but a consumer is looking for a navy blue hoodie. Right. So that's how there is gap today between what is merchant speak and consumer speak. And Lilly is looking to bridge the gap by enriching the product catalog with the natural language of the consumers and then distributing it to all the different channels where consumers show up today to search, discover and shop. And with that we are able to increase, improve the experience, shopping experience for the consumers and also increase revenue and traffic for the retailers.
