When I talk to CEOs, CFOs, and CIOs, one thing that always comes up is AI spend. The tools and platforms businesses adopt today—and how that impacts margins and top-line growth—will determine product innovation and market performance in the quarters ahead.
Next Thursday, October 29, I'm sitting down with Zylo Executive Chairman Scott Dorsey and Menlo Ventures' Matt Murphy at the AI Spend Summit. We'll explore where the AI market is headed and what enterprise leaders need to know and get right as the market evolves at a rapid clip.
You can save your seat here: https://t.co/5pjOl4NPOD
And if you're planning to attend, drop a comment below with questions I should address! ⤵️
I take option 3, "AND" ;-)
I absolutely would take the "over" on how many $10b+ companies/year are being created right now, and we're definitely running hot and ahead of ourselves right now...
There are only 130 US tech companies, public or private, valued at $10B or more (decacorns). That’s roughly 20 to 30 new companies per decade, for the last five decades. This year alone, with a quarter to go, there have been 42 decacorns minted privately. Either this is the most economically transformative event since the industrial revolution, or we’re getting a wee bit ahead of ourselves.
The fun bit about the oil analogy...back in the 1880s, oil was for refined for...wait for it...lighting kerosene lamps. The big use cases - cars, planes, plastics (all of which consume A LOT of oil) - didn't come around until decades later! With AI, the first use case was a consumer chatbot. Now coding, legal, and so on. On a relative basis, with Intelligence, we're still doing the equivalent of lighting kerosene lamps! So many amazing use cases for Intelligence still to come...we can't even imagine them yet!
Here's a deep dive on our enthusiasm for what's ahead!
I've had the privilege of working with @spdholakia for over a decade as both a star public CEO and now an investing partner who is making this VC stuff look easy.... and this is a MUST listen!
“Intelligence is a bigger market than oil.”
@spdholakia on @twentyminutevc with @HarryStebbings — 31 years in software, and he’s felt this kind of magic only a handful of times.
Every prior time, a trillion-dollar supercycle followed. His most contested claim: in AI, capital is the moat.
Watch the full episode to learn more → https://t.co/AkkG3UmSHi
Really important to see drones saving lives in combat. @Saronic completed the first ever drone evac of any kind back in July when their Corsair drone boat saved two downed US airman in the straight of Hormuz.
https://t.co/ukPklwYkML
Now in the Ukraine there is the first documented aerial drone evac!
It's not just that the US should lead, it's that the US NEEDS to lead vs China this AI super cycle.
As usual, @JeffImmelt nails it here:
https://t.co/uL46CEyChO
Last chance for AI 100 📣 In partnership with @NewcomerMedia, the AI 100 is the new definitive ranking of the top private AI companies.
Nominations close today, and selections begin tomorrow. Eligible companies either build AI or the systems AI runs on, at any stage of fundraising.
Submit your company today: https://t.co/pMCPqUvZBm
The business counterpart to Instinct/Muse is already here, and it's multi-player.
Create agents in 90 seconds, connect them hundreds of work applications, and join the thousands already using Zenzap.
After 2+ years in development, Zenzap is ready for your workplace. 🧵
49ers legend Steve Young celebrates his 65th birthday 🎂
▪️7x Pro-Bowl
▪️3x 1st Team All-Pro
▪️3x Super Bowl Champion
▪️2x AP MVP
▪️1992 AP OPOY
▪️Hall of Fame
The future is flag! At @BessemerVP and @49ers we are investing heavily in youth and (soon to be launched) Pro flag football. Can't wait to see more high school state championships, a college national championship, a pro world champion, and Olympic Gold medalists in the years ahead! https://t.co/KC8XxiyZ8T
The future is flag! At @BessemerVP and @49ers we are investing heavily in youth and (soon to be launched) Pro flag football. Can't wait to see more high school state championships, a college national championship, a pro world champion, and Olympic Gold medalists in the years ahead! https://t.co/KC8XxiyZ8T
I had a chance to meet with @HarryStebbings in London last week and we had a wide ranging discussion around AI , venture, seed investing and surprisingly marriage. Really fun felt like I was having coffee with an old friend.
https://t.co/UlLxpnhth9
This is going to be the AI conference of the year! It’s invite only so start calling in your favors and apply to get in the room and hear from the leaders driving this AI revolution including @DarioAmodei@alighodsi@nikesharora@MaxJunestrand & @lqiao