US · a16z.com

How consumers are using generative AI

Plus: global fintech, commercializing AI in healthcare, the magic of zero-knowledge proofs, and more.


This email was sent

Is this your brand on Milled? Claim it.

Plus: global fintech, commercializing AI in healthcare, the magic of zero-knowledge proofs, and more.
                                                                 
 
ANDREESSEN HOROWITZ

Not a subscriber yet?
Sign up here.

 
Consumers Gen AI Newsletter
 

This week, we’re sharing data on the top 50 consumer GenAI web products by monthly visits for the first half of the year, the latest opportunities (and challenges) within global fintech, applying the “Jobs to be Done” framework to AI in healthcare, and more.

 

Consumer technology:

 

by Olivia Moore

 

It’s been 9 months since ChatGPT was released and 7 months since it became the fastest consumer application to reach 100 million monthly active users, ushering in a new era of generative AI.

But other than ChatGPT, how are consumers interacting with generative AI (GenAI) products? In which categories do incumbents dominate—and where are new companies breaking out? Who might be the next “big winner”?

To begin to answer these questions, we looked at SimilarWeb traffic data (as of June 2023) to rank the top 50 GenAI web products by monthly visits. We also analyzed how these products have grown over time, and where growth is coming from.

 
 

Fintech:

 

by Angela Strange, Alex Rampell, Joe Schmidt, and Gabriel Vasquez

 

Software is inherently global and easily transcends borders—localizing it can be as easy as translating the language. The globalization of money, however, is considerably more challenging.

As the company of the future becomes default global, there is now a real catalyst for change. That issue is driving top fintech entrepreneurs to pursue cross-border infrastructure that is more easily integrated—as well as full-stack solutions for businesses.

Here’s where we see opportunities to build, plus:

 
 

Bio + health:

 

by Jay Rughani, Daisy Wolf, Vijay Pande, and Julie Yoo

 

In enterprise healthcare, there are many “Jobs to be Done” (JTBD) for AI. To this end, we present the first part of the 6th episode of the Digital Health Go-to-Market Playbook series–Commercializing AI in Healthcare.

This article uses Clay Christensen’s Jobs to be Done lens, along with an assessment of viable product wedges and business models, to share what we see as the most promising applications of AI in enterprise healthcare.

 
 

with Andrew Ng, Vijay Pande, Kris Tatiossian, and Olivia Webb

 

Andrew Ng, PhD, a distinguished authority in the field of AI and Adjunct Professor in Stanford University's Computer Science Department, joins Vijay Pande, founding partner of a16z Bio + Health. They discuss the implications of integrating AI into many areas of our lives, as well as how AI could become foundational to many industries—and what needs to happen to make that future a reality.

 
 

Crypto and web3:

 

by Michael Blau

 

Any sufficiently advanced technology is indistinguishable from magic (or so science fiction writer Arthur C. Clarke once famously said).

One such area of sci-fi-like progress is that of zero-knowledge proofs, a cryptographic tool that could be the key to ushering in many more users to crypto/web3—as well as to unlocking other applications beyond crypto, such as transmitting sensitive data securely, combating illicit finance through privacy-preserving regulatory solutions, and fighting disinformation.

So in this post and special video demo, a16z crypto explores a new analogy for demystifying zero-knowledge proofs: a magic trick.

 
 

with David Marcus and Sonal Chokshi

 

From the web3 with a16z podcast comes a wide-ranging conversation with Lightspark’s David Marcus, formerly co-founder of Diem (aka Libra and Novi, the cryptocurrency project initiated by Facebook) and president of PayPal, on company building big to small; the relationship between centralization, decentralization, platforms, and financial freedom; moving from web2 to web3 in both crypto and payments; why bitcoin; views on what cadence and when is the right time to ship; remote work, and more.

 
 

by Jason Rosenthal

 

Our popular accelerator program, Crypto Startup School, is going to London! The twelve-week program for early-stage companies provides expert guidance, capital, and resources tailored for crypto founders. The program focuses on speeding up founders’ paths to product-market fit and setting them up for long-term growth and success.

Applications for Spring 2024 are now open!

 
 

The a16z podcast:

 

with John Gedmark and Steph Smith

 

We’re in the midst of a space renaissance. The cost of launching payloads to orbit has dramatically dropped, and in 2022, a record 186 rocket launches (41 more than the previous year!) underscores this shift.

In Part 1 of our satellite economy mini-series, we sit down with John Gedmark, co-founder of Astranis, to reflect on today's innovations, who’s on the other side of the satellite market, the capabilities they’re looking for, the competition, and Astranis’ mission to provide internet access to 4 billion underserved people.

 
 

Investment news:

 

by Marc Andreessen

 

TipTop offers customers a guaranteed buyback price for products at the time of purchase.

 
 

by Chris Dixon and Joshua Lu

 

Proof of Play is an on-chain game studio and tech company that’s committed to building a future with composability, interoperability, and permanence at the core of gameplay.

 
 

by Sriram Krishnan

 

Story Protocol is building open IP infrastructure to grow the creativity of the internet era.

 
 

by Joshua Lu and Andrew Chen

 

Series AI is a game studio and technology company that is reinventing the future of game development with generative AI.

 
 

by Arianna Simpson

 

Bastion helps companies seamlessly integrate web3 infrastructure into enterprise technologies through a compliant, white-label platform.

 
 

by Ali Yahya

 

Freatic is using cryptography and game theory to build a decentralized marketplace for information exchange.

 
 
 

This newsletter is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. (Furthermore, the content is not directed at nor intended for use by any investors or prospective investors in any a16z funds.) This newsletter may link to other websites or other information obtained from third-party sources—a16z has not independently verified nor makes any representations about the current or enduring accuracy of such information. Please see a16z.com/disclosures for additional important details.

 
 
ANDREESSEN HOROWITZ
Software Is eating the world
 
MENLO PARK OFFICE
2865 Sand Hill Road, Suite 101
Menlo Park, CA 94025
SAN FRANCISCO OFFICE
180 Townsend Street
San Francisco, CA 94107
NEW YORK OFFICE
11 Madison Avenue, 15th Floor
New York, NY 10010
 

©2023 Andreessen Horowitz. All rights reserved.

 
Are you sure?

Lists help you organize the brands that you care about. Your lists are private to you.