Extract from Jay Leib’s article “Like Netflix for Legal AI Models: Reveal’s AI Model Marketplace Goes Deep”
What is the genius of Netflix? Is it that they have great TV shows and movies? No, paid providers like HBO has had that for years. Is that their movies and television shows are on-demand? No, cable companies have had that for years as well. The genius behind Netflix is that for one subscription rate, not only do you have access to previously created movies and television shows, but Netflix is algorithmically producing new content based on what viewers actually want to watch.
Netflix content fits the “long tail” theory which says that there are audiences for just about everything, however, the distribution of the content via traditional methods capped the audience. Netflix creates create multiple series and movies to appeal to different audiences via their algorithmic analysis of the distribution of their audience base. They also release their new content periodically and allow for the discovery of new content to delight subscribers. This is the template that we at Reveal wanted to “borrow” when we created the industry’s first AI Model Library.