Menlo Ventures’ State of Generative AI in the Enterprise Reveals New Data on Sentiment and Adoption Rates, Highlighting Opportunities for Startups
According to the report, enterprise investment in generative AI remains surprisingly small, totaling $2.5 billion this year–significantly less than the $70 billion invested in traditional AI and the $400 billion spent on cloud software.
- According to the report, enterprise investment in generative AI remains surprisingly small, totaling $2.5 billion this year–significantly less than the $70 billion invested in traditional AI and the $400 billion spent on cloud software.
- The report identifies three areas that offer enormous potential for startups to break out:
Vertical AI: Research shows that the marketing and legal industries currently lead the way in vertical generative AI adoption. - The modern AI stack: New generative capabilities require new tools for building LLM apps, including databases, serving infrastructure, data orchestration, and pipelines.
- Although still a “work in progress,” the modern AI stack attracts the largest percentage of enterprise AI investment, making it the biggest new market in the generative AI domain and an attractive focus for startups.