There’s a lot going on right now, but one news item that stands out is the surprise emergence of the DeepSeek LLM: competitive with OpenAI’s best large language models, at a ‘fraction’ of the development cost.
True or not, the news sent existential shockwaves through Western tech (and Western markets).
“ You’re going to see Coveo starting to invest quite aggressively actually to be a market taker. We’re not a disrupted company. We’re a market taker in AI.”
Louis Têtu
Coveo
We’re not going to talk too much about DeepSeek on this podcast. More the question that its emergence posed: if it’s not compute and sacks of money, where is the moat in AI?
To help me answer that question is Louis Têtu, CEO of publicly traded applied AI company Coveo and one of the best quotes around.
You will experience that on this podcast as we roll through the evolution of AI in a market tired of experiments, and what that means for revenue models and pricing for all those companies who spent a lot of money developing products that seem increasingly commoditized.
Têtu also takes a hard line on AI regulation and Canada’s productivity issues, and explains why the best CEO quote in Canadian tech will soon no longer be the CEO of Coveo (alongside the company’s FY25 Q3 results, Coveo announced that Têtu would soon move into the executive chair role).
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But back to the big question: AI moats and which side of the water Coveo feels it’s on.
Let’s dig in.
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Edited by Darian MacDonald. Feature image courtesy Coveo.
The post AI’s new moat with Coveo’s Louis Têtu first appeared on BetaKit.
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Coveo’s outgoing CEO says the company’s applied AI offering is a “market taker.”
The post AI’s new moat with Coveo’s Louis Têtu first appeared on BetaKit.
