OpenEnvoy CEO Says Generative AI Will Soon Spawn Companies of One

“Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at the banking crisis, he told PYMNTS CEO Karen Webster. Silicon Valley Bank’s collapse has forced many company founders to be more aware of their banking relationships — a healthy thing to have happen in a capital market, he said.

But it’s the release of ChatGPT-4 and other generative artificial intelligence (AI) derivatives that Tillman considers to be exceptional.