Spencer Rascoff on AI: Legacy Companies Take the Lead, Startups Face Challenges – Full Video
Photo Caption: Spencer Rascoff, co-founder of Zillow and CEO of 75 & Sunny Ventures. Skift Global Forum 2023
Skift Take
The boon of artificial intelligence isn't a level playing field, and startups looking to stand out from the rush crowd have their work cut out for them.
The shift from desktop to mobile created new winners in various industries. Will the current innovations around artificial intelligence do the same? That's unlikely, according to Spencer Rascoff, co-founder of Zillow and CEO of 75 & Sunny Ventures.
Rascoff discussed the impact of AI on the travel industry in a conversation with Skift Editor-in-Chief Sarah Kopit at the Skift Global Forum.
Rascoff noted that legacy travel companies are quickly incorporating AI into their businesses. They already have large teams working on it and extensive data sets. That could limit opportunities for startups.
Rascoff also discussed the potential of AI in travel search, the challenges of regulation and local opposition faced by disruptive startups, and the changing expectations of consumers in the travel industry.
Watch the full interview with Rascoff:
https://www.youtube.com/watch?v=lr7JouFHJXU Interview Transcript:Sarah Kopit: So, S
