Fabricio Bloisi, CEO of Prosus, discusses how the company leverages AI to revolutionize its ecosystem of food delivery, payment, and lifestyle services across Latin America, India, and Europe. He emphasizes that AI is underhyped, with capabilities advancing faster than expected, and reveals Prosus's innovative 'jet ski' approach to empowering small teams to experiment rapidly. Bloisi also expresses frustration with European regulations that hinder local tech giants while benefiting American and Asian competitors.
Summarized by Podsumo
AI is dramatically underhyped, with recent breakthroughs enabling autonomous company operations for up to three days without human intervention.
Prosus uses a 'jet ski' model — small, empowered teams of 5-10 people — to rapidly experiment and fail fast, avoiding large, risky investments.
European regulatory environment is criticized for forcing divestitures that weaken local tech companies while allowing American and Asian firms to dominate.
Prosus has over 20,000 employees creating AI agents, and Bloisi even taught executives to code, boosting productivity across all levels.
"AI is going to make the whole company 100 to 1000% more efficient. Until now people are trying to make their job faster... what is possible today is much more than that."
"We have every time or autonomous organizations where AI does much more than making the job of one person 20 times faster."
"In Europe, I have to spend a lot of energy to say it is good to have big tech here. Europe is succeeding in avoiding big tech in Europe and succeeding in making the Americans and the Asian big tech chewing in Europe."