LLMs finally gave someone I know the confidence to up her business rates. Professional services, nothing to do with software dev (yes LLMs are not just for devs). It suggested she revamp her entire pricing structure. She thought her clients would walk, but she did it and nobody flinched. Big revenue boost.
She also uses it daily for all kinds of things. For example recording/transcribing/summarizing meetings, creating plans, writing emails, reviewing employee performance, and a bunch of other stuff. If it went away she would be devastated.
The best clear example I've seen of LLMs making money is a company that now generates custom email text instead of using standard email templates. They increased engagement by some meaningful metric like +15% which translates into hundreds of millions of dollars in revenue.
I know the original email was something like "Alert: you have a new thing: X Thing"
And the new emails are a prompt something like "we know all of this about the user and all of this about the X thing, write an email alerting them to the new thing with these particular goals".
I really don't know much about it so I'm being pretty vague and generic.
We've seen some tangible benefits from integrating LLMs into our workflow, particularly in automating customer support and content generation. By leveraging language models, we’ve been able to free up our team’s time and focus on more strategic tasks, which has led to improved efficiency.
We ran into this ourselves when we needed to manage a growing volume of inquiries without scaling our support staff. By using LLMs to generate responses and categorize requests, we not only enhanced our response times but also maintained a level of quality that our users appreciated.
We ended up building Wyshbone to handle sales lead generation and outreach timing, integrating seamlessly with our CRM. This has helped us identify potential leads more effectively and optimize our follow-up strategies.
Yea, it's not not necessarily that the LLM itself is better at customer support than a human.
But i've found that it's just good enough that support and teams can handle addressing the systematic problems while the LLM deals with operational overhead.
A bit the same way Egyptian history experts make money.
By making LLMs for people who want to make money with LLMs.
For me though I see ChatGPT take all the hype now. I'm seeing people get more and more bored with that and in quest of a step up or sideways from that.
That goes pretty slow outside of developers people are still trying to come to grips with OpenAI.
All earlier adopters have been builders interested in the technology for tech sake. The real consumers are veeery slow to ramp up.
LLMs finally gave someone I know the confidence to up her business rates. Professional services, nothing to do with software dev (yes LLMs are not just for devs). It suggested she revamp her entire pricing structure. She thought her clients would walk, but she did it and nobody flinched. Big revenue boost.
She also uses it daily for all kinds of things. For example recording/transcribing/summarizing meetings, creating plans, writing emails, reviewing employee performance, and a bunch of other stuff. If it went away she would be devastated.
The best clear example I've seen of LLMs making money is a company that now generates custom email text instead of using standard email templates. They increased engagement by some meaningful metric like +15% which translates into hundreds of millions of dollars in revenue.
Great example. Do you know what sorts of input they're using to drive this custom messaging?
Not really.
I know the original email was something like "Alert: you have a new thing: X Thing"
And the new emails are a prompt something like "we know all of this about the user and all of this about the X thing, write an email alerting them to the new thing with these particular goals".
I really don't know much about it so I'm being pretty vague and generic.
We've seen some tangible benefits from integrating LLMs into our workflow, particularly in automating customer support and content generation. By leveraging language models, we’ve been able to free up our team’s time and focus on more strategic tasks, which has led to improved efficiency.
We ran into this ourselves when we needed to manage a growing volume of inquiries without scaling our support staff. By using LLMs to generate responses and categorize requests, we not only enhanced our response times but also maintained a level of quality that our users appreciated.
We ended up building Wyshbone to handle sales lead generation and outreach timing, integrating seamlessly with our CRM. This has helped us identify potential leads more effectively and optimize our follow-up strategies.
Yea, it's not not necessarily that the LLM itself is better at customer support than a human.
But i've found that it's just good enough that support and teams can handle addressing the systematic problems while the LLM deals with operational overhead.
So the money from LLMs is in selling them to people who aren't selling enough?
A bit the same way Egyptian history experts make money.
By making LLMs for people who want to make money with LLMs.
For me though I see ChatGPT take all the hype now. I'm seeing people get more and more bored with that and in quest of a step up or sideways from that.
That goes pretty slow outside of developers people are still trying to come to grips with OpenAI.
All earlier adopters have been builders interested in the technology for tech sake. The real consumers are veeery slow to ramp up.