Fireflies’ Growth Drivers: Remote Work and Cheaper LLMs (Full Transcript)

[00:00:00] Speaker 1: I always like to look at three big catalysts for Fireflies. One is the speech technology getting better. That's the enabler, right? Having really great transcription. The other catalyst for us was COVID. Everyone started having meetings on Zoom and Google Meet and Teams, and everyone went remote. All of a sudden, this new technology became front and center, and people wanted to use an AI notetaker because they were just going back to back on seven Zoom calls. And then the third enabler was LLMs, and then the cost of those LLMs going down. When we started working on this stuff, there was no way we could have used LLMs like GBT-4 because it was too expensive. But if you look at in the last 18 months, the cost of intelligence has gone down by 95%.