#26: McKinsey's State of AI 2022, Lensa AI, and AI Will Eat Software Companies

Paul and Mike discuss three hot topics in the world of marketing and artificial intelligence: An app called Lensa AI is taking the world by storm—and creating a lot of controversy as it does. Lensa allows you to upload photos of yourself, about 10-20 selfies, then it uses AI to generate dozens of avatar photos of you in many different styles, from serious and realistic to fantastical. The app has been generating $1 million or more in revenue per day as everyone and anyone can now create images of themselves using AI. But controversy ensues. For five years now, McKinsey has been conducting its Global Survey on AI by surveying thousands of business leaders on how they use artificial intelligence. This year’s findings are now out in McKinsey’s State of AI in 2022. There’s a ton to unpack, so check out the show notes for the link. But three big points jumped out at me. The third topic stems from Paul Roetzer's LinkedIn post and a Twitter thread that are getting a lot of attention. In both of them, Paul outlined why anyone who runs or invests in a software company needs to have a concrete plan for considering how AI will enhance and disrupt the business. Specifically, Paul mentions that “If I was running a software company right now, I would be aggressively exploring how recent advancements in AI (and the ones that are coming in 2023) could disrupt the business.” Tune in!