Bessemer Venture Partners’ Post

State of the Cloud 2024 is out! In this year’s report, we dive into the five top AI trends driving the most significant change across technology, including the predictions we think will drive entrepreneurship in the near term, and what life will be like by 2030. Read it now >> https://lnkd.in/gpQHDnrV

Bessemer Venture Partners recently released their State of the Cloud report, focused on the rise of the AI Cloud.  AI capabilities are driving value creation across platforms, verticals, and the path for which new value is created. Here are my top 3*  takeaways: 1️⃣ Similar to what we observed in the Cloud Platform layer, the AI model layer will become commoditized over time. Additionally, the analysis wins for the most creative comparison of potato chips to LLMs. 🤣 2️⃣ The rise of SLMs - I’m bullish on this one having seen results of accuracy and lower gpu overhead these can provide for smaller / single stream solutions 3️⃣ Vertical AI is driving a new class of business models and applications, providing a market growth opportunity to develop target solutions for domain specific challenges. *3 was tough to arrive at, the report provides a well rounded point of view across their 5 trends.  h/t to Kiran Rao for bumping this to the top of my feed. #ai #cloud

Very interesting report and must read. I liked 3 realities authors predicted. There are three possible realities we expect to see in the foreseeable future on who will capture the most value in this model layer fight: - In Reality 1, AI models will be commoditized, similar to compute or oil, becoming essential assets for global business operations. The ultimate value in the AI ecosystem will be captured by compute and cloud service providers, marketplaces, and applications — not by the models themselves. - Reality 2 suggests that a few AI Model Giants, backed by Big Tech strategics or corporate VCs, will dominate the foundational model ecosystem, following a trend similar to the Cloud Wars. - Reality 3 envisions an AI model economy resembling the diverse and popular potato chip market, where various model companies thrive due to unique use cases like modalities, performance, latency, cost, and security, allowing for their survival. Trends are changing every moment as we browse. Let us watch out! #AI #ArtificialIntelligence #FuturePredictions #TechTrends

Join Google Cloud & Madrona at the Supercharge Your AI: Scaling from Prototype to Production event at Seattle Tech Week! This essential gathering brings together industry leaders, investors, and Google's leading AI specialists to share their insights on overcoming challenges and implementing successful strategies for transitioning AI prototypes into real-world applications. Secure your spot! -

What do I believe are the biggest trends coming up in technology? I believe these three are the biggest coming up in the following 1-2 years: 1. AI. The biggest wave right now. Just by making a "wrapper startup" you end up getting some revenue. My two cents here is that AI is going to become more specialized on different niches instead of the "broad" AI that we have today. In generative AI, the results are going to be more realistic, reliable and faster. 2. Integrations. The software era is becoming very cluttered by dedicated software tools for everything, but they are very specialized and usually don't know how to talk to each other. There are big opportunities in creating "glue" layers between software tools in the same space. We're seeing this with Vuuh and we're capitalizing on it. 3. GPU enabled Cloud. Right now, there are some GPU enabled tools, but with the rise in AI, the demand for this kind of services will just increase, as more and more businesses will want to train or call their own models from their own cloud accounts. We already encountered this issue at Vuuh, and we discovered that there are not that many serverless solutions out there that offer GPU usage for using various models fast and price efficient.

⚾ We are in the first inning of gen AI enterprise adoption 🧢 Good insights from Menlo Ventures: while investment in generative AI surged in 2023, with enterprises spending approximately $2.5 billion, it only represented a sliver of overall AI expenditure and less than 1% of overall cloud spending. https://lnkd.in/gTfwNpaQ Unsurprisingly, 90% of enterprise leaders are “observers”, per a recent BCG X survey (Sylvain Duranton,) either waiting for gen AI to move beyond the hype or experimenting in small ways. https://lnkd.in/g-S5SPJy. A lot of work ahead of us as an industry to demonstrate how gen AI can deliver on its promise and become a sustainable game changer for the business.  #AI #GenerativeAI #AIAdoption #Technology #Innovation 💡🤖🚀 Mindy

Today, Syntax, a prominent global technology solutions and services provider specializing in cloud application implementation and management, revealed the expansion of its Generative AI Portfolio. This move underscores the company's commitment to empowering businesses through innovative AI solutions tailored to their unique needs. Marcelo Tamassia , Chief Technology Officer of Syntax, expressed the transformative potential of Generative AI for businesses. "Generative AI is a game-changer for companies that want to innovate and transform in the context of their own business challenges," stated Tamassia. "Syntax is committed to helping our customers harness the power of generative AI on their own terms." Read more - https://lnkd.in/gzFUMxjJ

Explore why 'Vertical AI' may outshine traditional SaaS and transform partnership models - views from the latest report by Bessemer Venture Partners! Bessemer Venture Partners have arguably been the most successful global tech investors for over a decade. Their annual State of Cloud report is essential reading for those who want to stay ahead of current venture capitalist perspectives on new tech. What's fascinating about this year's report is: Trend 4: Vertical AI demonstrates a capacity to overshadow legacy SaaS with innovative applications and business models. In my view, the go-to-market (GTM) implications of this prediction suggest that partnerships and ecosystems will become the dominant GTM movement for AI and cloud software in general for two reasons: 1. The specialised knowledge that vertical partners provide to the LLM models and AI providers 2. These vertical experts already possess the trust of the vertical customers, making their recommendations immensely valuable! What are your thoughts on the 'Vertical AI' revolution? 🧐 Drop a comment below ⬇️ or hit the 'like' button if you find this trend as thrilling as I do. If you'd like to join the conversation and stay informed about the latest in the tech world, remember to follow me. Let's revolutionise business models together! 💼🚀 #VerticalAI #TechTrends #RevolutioniseBusiness

Generative AI has revolutionized the business landscape, creating new opportunities for productivity gains and top line growth. 📈 89% of 1,400 C-suite executives rank AI as a top-three tech priority for 2024, but many companies struggle to realize the full benefits of scaling from pilot to at-scale transformations. What key lessons can we learn from the companies leading the AI transformation? Join Boston Consulting Group (BCG) and Google Cloud to explore the insights from our survey and analysis at #GoogleCloudNext on April 10th! 🎉

Happy New Year and cheers to 2024! This year, I'm keen to dive into how AI, especially Generative AI, can open new opportunities and drive growth. McKinsey suggests Gen AI could add trillions to industries annually. But, we can't ignore the financial risks, especially with rising cloud costs as predicted by Gartner. Exciting news - Rajesh Janakaraj, will co-lead session with HFS Research on Feb 1st to discuss Generative AI's impact on Cloud. Looking forward to great insights and discussions!