IT and AI in Startups
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Questions and Answers

What is the focus of the research paper?

  • The use of AI in data analytics
  • The impact of AI on traditional business models
  • The history of AI technology in business models
  • The emergence of AI startups and their business models (correct)

How many archetypal business model patterns are derived from the sample of 100 AI startups?

  • Three
  • Five
  • Four (correct)
  • Two

What is one of the archetypal business model patterns derived from the sample of 100 AI startups?

  • Data Analytics Provider (correct)
  • Social Media Influencer
  • Blockchain Innovator
  • E-commerce Platform

According to recent research, what is the novelty of AI startup business models questioned in the study?

<p>The novelty of AI technology (C)</p> Signup and view all the answers

What is the main technology used by the AI-charged Product/Service Provider business model pattern?

<p>Artificial Intelligence (D)</p> Signup and view all the answers

When was the research paper published online?

<p>13 December 2021 (D)</p> Signup and view all the answers

What is the focal business logic of a firm according to Teece (2010)?

<p>Successful commercialization of any technology (C)</p> Signup and view all the answers

What does AI technology refer to?

<p>A broad suite of techniques that gives machines the ability to perform cognitive functions associated with human minds. (D)</p> Signup and view all the answers

What do economists predict about the use of AI technology?

<p>It will lead to new products, services, and business models. (D)</p> Signup and view all the answers

Why is it indispensable for startups to find an appropriate business model?

<p>To ensure their long-term performance and survival (A)</p> Signup and view all the answers

What does the study aim to contribute to our understanding of AI startup business models?

<p>Identifying their key characteristics and common instantiations (B)</p> Signup and view all the answers

What does the term 'AI startup business models' refer to in the context of the article?

<p>Business models developed specifically for launching AI products or services (B)</p> Signup and view all the answers

What is the purpose of the research described in the text?

<p>To develop a taxonomy for AI startups and examine their distinctive business model aspects (C)</p> Signup and view all the answers

What method was used to develop the taxonomy for AI startups?

<p>Taxonomy development method proposed by Nickerson et al. (2013) (B)</p> Signup and view all the answers

What is the significance of the hierarchical cluster analysis mentioned in the text?

<p>To derive archetypal business model patterns for AI startups (A)</p> Signup and view all the answers

What is the term 'Artificial Intelligence' commonly associated with?

<p>Machines demonstrating rational thinking and human-like actions (B)</p> Signup and view all the answers

What does the term 'business model' primarily describe?

<p>The business logic and value proposition offered by a firm (D)</p> Signup and view all the answers

What is machine learning commonly associated with?

<p>Improving machines through experience and analyzing patterns (D)</p> Signup and view all the answers

What are the three archetypes of business models distinguished by Wiener et al. (2020)?

<p>Data users, data suppliers, data facilitators (C)</p> Signup and view all the answers

How did Garbuio and Lin (2019) categorize AI startups' business model archetypes?

<p>Startups that provide information and startups that aim at connecting multiple parties (C)</p> Signup and view all the answers

What is one way AI technology is used in the healthcare industry?

<p>To detect diseases like cancer and to enhance patient lifestyle management (D)</p> Signup and view all the answers

What is one potential risk introduced into the business model when using AI technology?

<p>Biased or wrong decisions made by AI solutions (A)</p> Signup and view all the answers

How many AI startups are included in the case base developed in this study?

<p>100 (B)</p> Signup and view all the answers

What is one way AI technology can be used in the legal industry?

<p>To automate routine tasks and assist with nonroutine tasks (A)</p> Signup and view all the answers

What is the purpose of using Crunchbase in the research?

<p>To identify the startups and serve as a valuable source (D)</p> Signup and view all the answers

Why did the researchers filter for startups that have a stable operating status and received over 1 million USD funding?

<p>To ensure that sample includes established startups with a defined business model (B)</p> Signup and view all the answers

What led to the reduction of the startup sample to 8076 AI-associated startups?

<p>Extracting all startups from Crunchbase using specific terms (A)</p> Signup and view all the answers

What was the purpose of using multiple data sources to collect detailed information on each startup?

<p>To reduce potential bias from one source (B)</p> Signup and view all the answers

What was the meta-characteristic used to classify AI startups?

<p>'The conceptual representation of a business model' (C)</p> Signup and view all the answers

What were the ending conditions for the taxonomy development method?

<p>'Representative sample of AI startup business models' (C)</p> Signup and view all the answers

What is the purpose of using the business model canvas in the research?

<p>To structure the new field of business models (C)</p> Signup and view all the answers

What was the outcome of applying the taxonomy to the sample of 100 AI startups?

<p>All AI startups were successfully classified using the taxonomy (B)</p> Signup and view all the answers

Why are patterns considered popular artifacts in business model research?

<p>To represent an abstraction from proven real-world business models (A)</p> Signup and view all the answers

What method was used to derive business model patterns from the sample of 100 AI startups?

<p>Quantitative Cluster Analysis (B)</p> Signup and view all the answers

What does the taxonomy for AI startups aim to achieve?

<p>To establish a typology that links to venture growth outcomes (A)</p> Signup and view all the answers

Why did the researchers apply an empirical-to-conceptual approach in developing the taxonomy?

<p>To derive common characteristics from objects that are similar and can be grouped (A)</p> Signup and view all the answers

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