AI Eats Service Businesses: Venture Capital's New Gold Rush
Update: 2025-09-29
Description
VCs are betting big on AI to transform service businesses into software-style profit machines! Firms like General Catalyst are pouring billions into acquiring and automating established companies—from legal to IT—with AI. Early results are promising, with some companies tripling revenue and automating up to 40% of tasks. But beware: AI workslop could cost companies millions in lost productivity. Despite the challenges, the race is on to combine AI smarts with industry expertise and revolutionize the service sector.
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