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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
LeadershipStartups & Venture

Meet Nasrin Mostafazadeh and Omid Bakhshandeh, whose company Verneek A.I. wants to make it easier for consumers to make decisions

Ellie Austin
By
Ellie Austin
Ellie Austin
Editorial Director, Most Powerful Women
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Ellie Austin
By
Ellie Austin
Ellie Austin
Editorial Director, Most Powerful Women
Down Arrow Button Icon
August 10, 2023, 6:00 AM ET
Nasrin Mostafazadeh and Omid Bakhshandeh
Courtesy of Verneek AI

Long before A.I. became the tech industry’s subject du jour, Nasrin Mostafazadeh and her cofounder (and husband), Omid Bakhshandeh, were avidly researching ways to imbue machines with cognitive abilities that mirrored those of humans. 

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“We’ve spent 18 years of our lives working toward giving machines language capabilities of a 3- or 4-year-old,” says Mostafazadeh. “Two years ago we started our company, Verneek A.I.” The ultimate goal? To help people “make better and faster decisions,” says Mostafazadeh.

Earlier this year, Verneek A.I. launched One Quin, a proprietary A.I. platform aimed at enhancing the consumer experience across industries by bringing together information from all search bars, navigation menus, and chat boxes. Its first use case is Quin Shopping A.I., a tool that helps shoppers with both online and in-person decision-making. “Five to 10 years from now, [I want us to] really become the standard,” says Mostafazadeh. “If I go to a physical store and it says it is Quin-enabled, I know exactly what kind of service I get. If I go to my Chase banking app and it’s Quin-enabled, I know how I can interact with that environment and beyond.”

Operating at the front line of the A.I. revolution presents challenges. “The biggest obstacle, I would say, is how noisy the A.I. scene has become,” she says. “When there’s more noise, it makes decision-making hard on so many levels, from the client side to the recruiting side to the investment side to your own positioning [as a company]. You have to navigate this space with so many often random players that are taking up space and oxygen.”

A fun fact about Mostafazadeh and Bakhshandeh that people don’t know? “We are the most boring people,” Mostafazadeh says, laughing. “We’ve been doing this since we were kids. The only fact I can think of is that we met competing in an international RoboCup competition, which is basically the world’s largest robotic competition for universities.”

The Fortune Founders Forum is a community of entrepreneurs chosen by Fortune’s editorial team to participate at the annual Brainstorm Tech conference, which took place in Deer Valley, Utah, in July. Our inaugural cohort was selected based on a variety of factors, including the potential impact of their companies, and reflected a diversity of geographies, sectors, and demographics.

About the Author
Ellie Austin
By Ellie AustinEditorial Director, Most Powerful Women
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Ellie Austin is the editorial director of Most Powerful Women at Fortune.

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