A New Startup Boom Could Be On The Way Thanks To Artificial Intelligence

There’s no shortage of news coverage regarding the problems that AI could create or exacerbate. But there are many other potentially positive features ranging from mildly intriguing to revolutionary.

For the tech-minded insiders of the startup business world, that could mean the dawn of a golden era.

The coding advantage

There are already several companies competing to introduce a superior AI-powered coding program capable of addressing bugs and other technical issues with minimal human input.

Specifically, platforms in development by Replit and Bubble are being marketed as tools for creating complex code from basic instructions.

For time- and cash-strapped startups, this could make the development process faster and cheaper.

Venture capitalist Elizabeth Yin is urging startup companies, particularly inexperienced ones, to adopt AI tools in order to allow for trial and error.

“One of the major challenges of the early stages, you don’t quite know exactly what problem you’re solving and quite exactly what the [ideal customer profile] is and quite exactly what they need,” she argued. “So you’re going to end up throwing out a lot of work. So the faster you can go, and the faster you can iterate, the better in order to learn quickly.”

Who pays the price?

Sure, the implementation of AI tools might make it easier for entrepreneurs to bring their ideas to life, but there’s an unavoidable downside associated with trusting robots to do the jobs that humans used to do.

AI proponents say the automation of coding will spark new positions, with some predicting that today’s engineers could become tomorrow’s AI managers.

For better or worse, it appears that AI is going to soon be a major resource for startups of all types. Analysts say more and more startups are being launched with AI making up a portion of its workforce.

Chris Agee November 7th, 2024

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