Artificial intelligence is poised to transform labor-heavy industries such as consulting, accounting, and legal services—sectors worth an estimated $5 trillion globally—by enabling software-like margins and reducing dependence on human labor, Mayfield Managing Director Navin Chaddha told TechCrunch.
Chaddha said if 80% of the work is done by AI, companies can achieve gross margins of 80% to 90%. He added that Mayfield has earmarked $100 million from its latest fund specifically for companies building AI teammates.
