IT and AI in Startups

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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?

The novelty of AI technology Signup and view all the answers

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

Artificial Intelligence Signup and view all the answers

When was the research paper published online?

13 December 2021 Signup and view all the answers

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

Successful commercialization of any technology Signup and view all the answers

What does AI technology refer to?

A broad suite of techniques that gives machines the ability to perform cognitive functions associated with human minds. Signup and view all the answers

What do economists predict about the use of AI technology?

It will lead to new products, services, and business models. Signup and view all the answers

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

To ensure their long-term performance and survival Signup and view all the answers

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

Identifying their key characteristics and common instantiations Signup and view all the answers

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

Business models developed specifically for launching AI products or services Signup and view all the answers

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

To develop a taxonomy for AI startups and examine their distinctive business model aspects Signup and view all the answers

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

Taxonomy development method proposed by Nickerson et al. (2013) Signup and view all the answers

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

To derive archetypal business model patterns for AI startups Signup and view all the answers

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

Machines demonstrating rational thinking and human-like actions Signup and view all the answers

What does the term 'business model' primarily describe?

The business logic and value proposition offered by a firm Signup and view all the answers

What is machine learning commonly associated with?

Improving machines through experience and analyzing patterns Signup and view all the answers

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

Data users, data suppliers, data facilitators Signup and view all the answers

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

Startups that provide information and startups that aim at connecting multiple parties Signup and view all the answers

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

To detect diseases like cancer and to enhance patient lifestyle management Signup and view all the answers

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

Biased or wrong decisions made by AI solutions Signup and view all the answers

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

100 Signup and view all the answers

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

To automate routine tasks and assist with nonroutine tasks Signup and view all the answers

What is the purpose of using Crunchbase in the research?

To identify the startups and serve as a valuable source 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?

To ensure that sample includes established startups with a defined business model Signup and view all the answers

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

Extracting all startups from Crunchbase using specific terms Signup and view all the answers

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

To reduce potential bias from one source Signup and view all the answers

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

'The conceptual representation of a business model' Signup and view all the answers

What were the ending conditions for the taxonomy development method?

'Representative sample of AI startup business models' Signup and view all the answers

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

To structure the new field of business models Signup and view all the answers

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

All AI startups were successfully classified using the taxonomy Signup and view all the answers

Why are patterns considered popular artifacts in business model research?

To represent an abstraction from proven real-world business models Signup and view all the answers

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

Quantitative Cluster Analysis Signup and view all the answers

What does the taxonomy for AI startups aim to achieve?

To establish a typology that links to venture growth outcomes Signup and view all the answers

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

To derive common characteristics from objects that are similar and can be grouped Signup and view all the answers