OpenAI COO Says ‘Be Long On Legacy Software’ As It Could Benefit From AI

URL has been copied successfully!

OpenAI’s Chief Operating Officer Brad Lightcap said legacy software companies could emerge as major beneficiaries of AI rather than casualties, describing it as a “contrarian opinion” amid the ongoing public software selloff.

OpenAI COO Makes the Contrarian Case

“If you’re long AI and long startups, then it might even make sense, as a contrarian opinion, to be long legacy software, too,” Lightcap said on Wednesday’s episode of the Uncapped with Jack Altman podcast.

Lightcap, who joined OpenAI in 2018 as Chief Financial Officer before becoming COO, said legacy companies restarting with AI have a head start — “you’ve got the benefit of existing teams,” legacy customer relationships, and the ability to learn faster …

Full story available on Benzinga.com

Please follow us:
Follow by Email
X (Twitter)
Whatsapp
LinkedIn
Copy link

This post was originally published here