Event 4: Gen-AI Applications in Business and Consumer Markets

🎉 Our "Gen-AI Applications in Business and Consumer Markets" event on 5/25 drew a large, enthusiastic crowd! Attendees gained valuable insights from our speakers on leveraging Gen-AI across various business sectors..

🔑 Key Highlights

💡 Understanding B2B Marketing Fragmentation

• Honglei Liu (Co-founder & CTO of Tofu) highlighted that B2B marketing is highly fragmented due to different teams working on disparate processes. He emphasized the value of integrating multiple marketing tools to streamline operations and enhance personalization at scale.

💬 Customer Expectations and AI Challenges

• Iru Wang (Co-founder & COO of MoBagel) discussed the rising expectations of customers post-OpenAI developments. However, she pointed out the issue of AI hallucinations, which still remains a significant challenge.
• Honglei Liu stressed the extensive time and effort required for pre-training AI models.
• Xiao Zhang (Co-founder & CEO of Collov AI) highlighted the necessity of building proprietary foundational models to stand out in a competitive market.

🔍 Strategies to Stand Out in a Competitive AI Market

• Xiao Zhang advised on creating unique foundational models.
• Honglei Liu suggested focusing on building efficient workflows. He also mentioned the importance of short-term model building and long-term data accumulation.
• Iru Wang emphasized the need to constantly demonstrate ROI to persuade customers.

💼 Advice for Aspiring Entrepreneurs

• Honglei Liu recommended setting realistic expectations.
• Xiao Zhang reminded that startups are a marathon, not a sprint.
• Iru Wang highlighted the self-reliant nature of startups, advising to adopt a monk-like perseverance.

🤝 Panel Discussion Insights

• Iru Wang noted that post-OpenAI, customers are more receptive to new AI solutions.
• Honglei Liu shared that Gen AI impacts all job sectors, with millions of tools available for marketing, reflecting the industry's fragmentation.

EntreConnect is dedicated to fostering a vibrant community of entrepreneurs. Stay tuned for more enriching events!

A huge shoutout to our partners:

Brix and JJ Lake Business Center , for their support in making this event a success.

Images from the Event