Investing Heavily in AI as Models Improve: GoDaddy CEO

Bloomberg

Watch Investing Heavily in AI as Models Improve: GoDaddy CEO - Bloomberg on Dailymotion

Transcript

00:00I want to start we were talking a lot about this theme of AI and throughout your call this morning

00:04the results as I read them really a through line for GoDaddy as well how are you looking at AI

00:10let's start internally we can talk about the external uses of it that you see as well but

00:13how is it sort of reforming the way that you run the company yeah the AI transformation at GoDaddy

00:19really has three components and let's start with the internal like you said you know internally

00:24at GoDaddy what we're really focused on are two pieces one is generative AI and the other is

00:30is agentic AI on generative AI an example is you know how we write code and using AI tools to write

00:37code well we set a target for ourselves that by the end of this year we wanted 70 percent of the

00:42code to be AI generated so we wrote a tool that objectively calculates whether the code was written

00:47by AI or by a human so nobody gets this sort of decide the tool decides this month we are over

00:5445 percent so we're making very very good progress in terms of generative AI but what that allows us

01:00to do is to take a step back and look at the entire product lifecycle and say beyond generative AI

01:05how can we use agents to make every part of the process faster and really really reduce cycle time

01:12and that's going to allow us to bring products to market much much faster experiment with more ideas

01:18have more shots on goal I mean a couple of the data points I shared that we launched a new

01:23arrow app builder this is a vibe coding tool using generative AI you know in that tool 90 percent

01:30of the code is AI generated 90 percent nine zero and that's not the only example we launched a new

01:36ultra premium domains business you know the aftermarket had a fantastic quarter in Q3

01:41so we launched this new capability in the past it would never get prioritized because it'd be

01:46a relatively small project but now given the power of agents and being able to build websites quickly

01:52and using generative AI a small team put it in market within a few weeks and again 90 percent of

01:59the code was written by AI that's just fantastic give me an example of sort of how this changes

02:04stands to change the way things work externally so I think of myself I wisely bought davidgura.com

02:11but have done very little with it because I just don't have the bandwidth or time to do that

02:15I imagine that AI is going to be able to build the whole thing for me at some point perhaps that's what

02:19I'm what I'm waiting for but stepping back from me and my selfish reasons here if I'm a company

02:23wanting to use AI through GoDaddy to kind of expand my business profile what what are you able to do

02:27give us a few sort of novel features so within a few weeks and you can try today too but I feel very

02:33confident when we get out of beta on aero.ai I will be pinging you and we will take your idea

02:39and build it and AI will build it for you in fact my chief strategy officer while we waited for the

02:44earnings call yesterday said you know what I'd like to build an app to track my candy consumption

02:48he's a big eater of sweets and he just sat there and he used aero.ai there's a custom app builder in

02:53it and he said oh I want a sweet tracker well I want a nicer name oh I want analytics and the AI just

02:59kept creating page after page and it's not just a prototype he can literally go in and put in a

03:04custom suite and say this is the sweet eye and the site the AI gives him all the categorization it even

03:10adds the number of calories that particular suite has like our Jared didn't have to add it himself

03:17the tool actually did it so I think there's a symbiotic relationship between AI making things easier

03:23and entrepreneurs bringing more ideas to life when it gets easier to build websites when it gets easier

03:29to build applications when it gets easier to do more things in your business thanks to agents you're

03:35going to do more of them and that means more ideas and actually the large language models will benefit

03:39as well because they rely on more websites to get more content and become smarter as well well it's

03:45very fitting we're talking so much about candy on Halloween Aman I do want to talk about code a little

03:50bit more you mentioned by some measures I mean AI is responsible for 90 percent of your code I think

03:56that's taps into a broader existential question about AI do you think that there could be a day where

04:01it's responsible for a hundred percent or are you always going to need human oversight yeah you know

04:07we do still see for new projects at least ten percent requiring human insight but the models keep getting

04:13better and our agentic capability around the model keeps getting better so what you see happening is

04:20that developers are actually creating agents which can catch some of the issues and continue the work

04:26even when they're not paying attention so I don't know about the hundred percent but the ninety percent

04:31is a fantastic number you know we're surprised to see it we're so excited to see it it's really going to

04:36open up our capability to bring more products to market much much faster but you know I don't think we need

04:43a hundred right ninety is just amazing uh really quickly before we let you go we're up against the

04:48clock here I do want to talk about your shares a little bit because I take a look at GoDaddy shares

04:52down about 32 percent year to date that is with of course a pop today what do you think that investors

04:57are missing about your story and the numbers that you're putting up yeah I think you know investors

05:03none of the investors have a crystal ball right so they look at AI and they're not certain what AI means

05:10for GoDaddy or what it means for website businesses or domains businesses and they're a little bit I think in the

05:15mode of let's wait and see well what we see internally at GoDaddy is that agentic AI and the

05:21agentic open web can make a huge difference to our customers so we're investing in it heavily while

05:27maintaining our margin guys you know we've been able to take in that put investment into AI and

05:33still hit massive margin growth over the last few years and we're going to continue to do that and

05:38as we do that the last thing I'll leave you with is that GoDaddy has come forward the fantastic

05:43innovation which is called agent name service this is the infrastructure for agents on the open web this

05:48does for agents what domains and SSL and DNS does and it allows agents from one company to trust agents

05:56in another company validate that those agents are what they say they are and we're super excited about

06:01sort of bringing that new era of innovation on the open web which is going to be based on agents and not

06:06just humans

06:11you

Category

Transcript

Be the first to comment

Recommended