AI not just a buzzword, startups must use it to build businesses: Lenskart CEO Peyush Bansal

Startups should look at how artificial intelligence (AI) can be used to build businesses instead of using it as a buzzword in investor pitches, Lenskart cofounder and CEO Peyush Bansal said on Friday. He was speaking at TiE Delhi-NCR’s India Internet Day.

“AI is not new…whether you are able to use these technologies to build businesses is what is important. Every investor pitch today that comes has the word AI. GMV (gross merchandise value) used to be the cool word, now AI is the cool word. But what you need to build is the culture and talent in the company who can use technology to solve problems. AI is the enabler,” Bansal said.