Parker Conrad believes most HR software interactions are superficial, stating that "no one actually wants to chat with their HR software beyond the sort of novelty." He urges caution against AI hype.
Conrad emphasizes that although AI is transformative, he finds much of it insubstantial, noting that "there's just a lot of really insubstantial stuff out there in the AI world".
He critiques the tech industry's impulse to include AI in products, saying companies are "sprinkling AI pixie dust" to inflate their valuations, as reflected in their skyrocketing revenue multiples.
Conrad cites the financial impact of AI on valuations, mentioning that AI companies commanded 41% of US deal value this year, demonstrating a significant shift in investor interest.
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