Venture Capital Giants Bet on AI Transforming Traditional Service Industries: General Catalyst Invests $1.5 Billion to Achieve Software-Level Profit Margins
Top venture capital firms are driving a wave of AI-driven transformation in traditional industries, by incubating AI-native software companies and acquiring established firms, transforming labor-intensive service businesses into high-profit, efficient organizations. General Catalyst has allocated $1.5 billion to advance this strategy.
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