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Founder Admits His "AI Transcription" Startup Was Just Him Joining People's Meetings and Taking Notes by Hand (futurism.com)

submitted 1 day ago by sundray@lemmus.org to c/nottheonion@lemmy.world

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[–] ArchAengelus@lemmy.world 39 points 23 hours ago (1 children)

The Practical AI podcast interviewed the Fireflies CEO very recently (that’s who this article is about)

He was super transparent about being a cheap transcriptionist in the beginning, because he was trying to prove market demand in 2017, long before ChatGPT turned the world over. Basically doing it for his friends.

As someone in the tech and startup fields, I can say one of the best ways to make a great product is to do the thing you want to automate and learn how it works. This is an excellent example of that approach.

The co-founders held their tech startup together for 3-4 years, doing the best they could with keyword matching and voice transcription from the olden days, before it exploded in 2021(?) up to about 10m in revenue. Then they got early access to gpt 3.5 in 2022 because one of their investors was also an investor in OpenAI.

They were almost ahead of their time, and they were well positioned to take advantage of the huge power that GPT models brought to their business.

Excellent example of being in the right place at the right time, with a great vision and good network.

[–] DupaCycki@lemmy.world 4 points 5 hours ago

Very interesting context. The article, and especially its headline, make it sound a little different.