We're shutting down CrowdPrisma, a bootstrapped applied AI company that was formed two years ago by my friend and I (both ML engineers) to solve free-text survey analysis. A ton of really important information can only be gathered by open-ended surveys and as NLP models were maturing it seemed like a nice and relatively niche market to go after.<p>I think we had a unique value proposition as our NLP engine was fairly sophisticated and we also integrated its output nicely with other non-text variables (check our demo on the site).<p>Getting significant business traction was difficult (for reasons which would warrant its own blog post), but now with GPT4, Office Copilot, etc coming online it'll be near impossible.<p>We learned a ton from the experience and wouldn't change one bit, but I do wonder, how many other companies must be out there like us..<p>Although it might seem like there's a generative AI startup frenzy going on atm (which is great), I do have the suspicion that in most domains, large tech companies will dominate the market, due to several reasons (another blog post maybe).. Will see.. anyways, interesting times ahead..