How taking a radically different approach to solving a problem can move an entire industry into having a massive competitive disadvantage
This podcast interview focuses on product innovation that has the power to provide all of us with a highly intelligent and hyper-personalized assistant. My guest is Peter Voss, Founder, CEO, and Chief Scientist of Aigo AI
Peter is a serial entrepreneur, engineer, inventor, and pioneer in Artificial Intelligence. He coined the term ‘AGI’ (Artificial General Intelligence) with fellow luminaries in this space.
He started in electronics engineering, then fell in love with software. His first major success was developing a comprehensive ERP package and taking that company from Zero to 400-person IPO in seven years.
Fueled by the fragile nature of software, he embarked on a journey 15+ years ago studying what intelligence is, how it develops in humans, and the current state of AI. This research culminated in the creation of a natural language intelligence engine that can think, learn, and reason -- and adapt to and grow with the user.
He founded Aigo in July 2017 where he's focused on commercializing the second generation of their AGI-based ‘Conversational AI’ technology. The most simple way to explain what the product is about is this: It's a chatbot with a brain.
What does this mean? It remembers what was said before. It can learn interactively. It has a deep contextual understanding. It can reason and explain itself. The result: It finally makes meaningful ongoing conversations with technology possible.
And this inspired me, and hence I invited Peter to my podcast. We explore what's broken in the world of Chatbots - and why conventional approaches can only bring us so far. We then explore what can be i.e. what potential is ahead of us if we take a different approach. Peter further talks about the challenges he faced and overcame through sheer perseverance.
Here are some of his quotes:
We started with a brain. This was really my motivation of initially starting the AI company in 2001. It was not to build a chatbot. The motivation was to build an intelligent machine, an intelligent system, a system that can learn and reason and understand and remember, and so on.
So that was the starting point. And then we said: "Okay, we have a brain. What do we want to use this brain for?" Do we want to put it into a robot to help, run the robot? Do we want to use it for conversation? Or do we want to use it for image recognition, to help it to drive a car or something? And, as I said - we decided that the best path forward for us was to focus on the conversation.
During this interview, you will learn four things:
- That the more human our software becomes, the less friction in adoption we'll experience
- That staying true to your vision and aiming to be different (not just better) will give initial pushback, but will help overcome the biggest hurdles
- That true innovation is not about embracing the latest shiny technology, but about solving meaningful problems in a remarkable way.
- How to overcome the trap of losing all your resources and energy on building table-stake features to overcome sales bottlenecks - thereby risking you'll lose your biggest sales argument: your edge
For more information about the guest from this week:
- Peter Voss
- Website Aigo AI