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AI Changing How Software Is Sold: OpenAI Chairman Taylor
Bloomberg Technology· 2025-08-15 17:29
Customer Service & AI Application - Sierra is experiencing unprecedented customer interest, revenue growth, and customer momentum in the AI-driven customer service space [2] - Sierra is a leader in applying AI to customer service, serving traditional companies like ADT Home Security and Direct TV, as well as fast-growing Silicon Valley companies like Ramp [3] - Sierra's AI agents are solving problems autonomously, with Ramp's agent resolving 90% of customer cases without human intervention [10] - Sierra is conducting hundreds of millions of phone calls and digital chats on its platform annually [13] - Sierra went live with an international retailer in 15 markets in six weeks, automatically solving 85% of their customer service cases [21] Business Model & Pricing - Sierra employs an outcome-based pricing model, charging customers only when it autonomously solves their problems [6] - The outcome-based pricing model aligns Sierra's interests with its customers, as they only pay when Sierra saves them money and solves customer problems [7] Customer Base & Market Position - Over 20% of Sierra's customers have over $10 billion in revenue, and over half have over $1 billion in revenue [9] - Sierra serves a wide range of industries, including health insurance and banking [8] Expansion & Growth - Sierra has opened offices in New York, Atlanta, and London, with plans to expand into Asia [12] - Sierra raised $175 million last year led by Greenhouse Capital [17] - Sierra is open to raising more capital to facilitate faster growth and serve multinational corporations in Europe and Asia [17] Technology & Talent - Sierra focuses on applying existing AI models to solve problems, rather than building frontier models [19] - Sierra is not directly competing for the researchers building foundation models, but acknowledges a competitive market for talent in the AI application space [22][23]
3 steps to building better relationships | Gogo Cheng | TEDxHKUST
TEDx Talks· 2025-07-02 16:32
Relationship Building Strategies - The luxury industry emphasizes creating memorable customer experiences to nurture loyalty and drive commercial success [2] - The SPCV model (Sincerity, Presence, Curiosity, Versatility) is a powerful tool for making others feel special [10][11][12][13] - Applying the SPCV model can create memorable relationship journeys in various interactions [19] Importance of Relationships - Relationship building is key to getting ahead in the luxury industry [7] - Nurturing every relationship is crucial, as everyone is connected [23] - The most important relationship to build is the one with oneself [25] Personal Development - Overcoming fear in networking and developing a healthier self-relationship are essential for career growth [6] - Self-discovery and understanding one's vision are crucial for thriving in relationship building [27][28] - Consistent effort in making others feel special, playing the long game, and developing a healthy self-relationship leads to success [30] Client Understanding - Luxury clients value authenticity and honest feedback [10] - It's important not to judge clients by their appearance, as spending potential can be surprising [20] - Understanding a client's passions can lead to unique and impactful experiences, potentially resulting in significant deals, such as a $20 million deal [15][18]