🗞️ 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗔𝗜 𝟮𝟬𝟮𝟰: 𝗔𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝗰 𝗲𝗮𝘁𝗶𝗻𝗴 𝘂𝗽 𝗢𝗽𝗲𝗻𝗔𝗜, 𝗔𝗴𝗲𝗻𝘁𝘀 𝗿𝗮𝗺𝗽 𝘂𝗽 𝘁𝗼 𝟭𝟮% 𝗼𝗳 𝘂𝘀𝗲-𝗰𝗮𝘀𝗲𝘀, 𝗼𝗽𝗲𝗻 𝗺𝗼𝗱𝗲𝗹𝘀 𝗺𝗮𝗸𝗲 𝟭𝟵% 𝗼𝗳 𝘂𝘀𝗮𝗴𝗲 
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🗞️ 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗔𝗜 𝟮𝟬𝟮𝟰: 𝗔𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝗰 𝗲𝗮𝘁𝗶𝗻𝗴 𝘂𝗽 𝗢𝗽𝗲𝗻𝗔𝗜, 𝗔𝗴𝗲𝗻𝘁𝘀 𝗿𝗮𝗺𝗽 𝘂𝗽 𝘁𝗼 𝟭𝟮% 𝗼𝗳 𝘂𝘀𝗲-𝗰𝗮𝘀𝗲𝘀, 𝗼𝗽𝗲𝗻 𝗺𝗼𝗱𝗲𝗹𝘀 𝗺𝗮𝗸𝗲 𝟭𝟵% 𝗼𝗳 𝘂𝘀𝗮𝗴𝗲 
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Menlo Ventures surveyed 600 enterprise IT decision-makers for their 2024 report. They reveal that AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023!
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Menlo Ventures surveyed 600 enterprise IT decision-makers for their 2024 report. They reveal that AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023!
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Companies are shifting from experimentation to serious implementation.
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Companies are shifting from experimentation to serious implementation.
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👷 Top enterprise use cases by adoption:
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👷 Top enterprise use cases by adoption:
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‣ Code copilots (51%)
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‣ Code copilots (51%)
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- GitHub Copilot hit $300M revenue run rate
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- GitHub Copilot hit $300M revenue run rate
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‣ Support chatbots (31%)
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‣ Support chatbots (31%)
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‣ RAG (28%)
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‣ RAG (28%)
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‣ Data extraction/transformation (27%)
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‣ Data extraction/transformation (27%)
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‣ Meeting summarization (25%)
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‣ Meeting summarization (25%)
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📈 Market dynamics:
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📈 Market dynamics:
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‣ OpenAI's enterprise share dropped from 50% to 34% 👎
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‣ OpenAI's enterprise share dropped from 50% to 34% 👎
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‣ Anthropic doubled presence from 12% to 24% 🚀
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‣ Anthropic doubled presence from 12% to 24% 🚀
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‣ Open-source makes up 19% of usage 🤗
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‣ Open-source makes up 19% of usage 🤗
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😬 Implementation challenges:
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😬 Implementation challenges:
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‣ 26% failed due to unexpected implementation costs
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‣ 26% failed due to unexpected implementation costs
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‣ 21% failed due to data privacy issues
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‣ 21% failed due to data privacy issues
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‣ 18% failed due to disappointing ROI
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‣ 18% failed due to disappointing ROI
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‣ 15% failed due to hallucinations
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‣ 15% failed due to hallucinations
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Read the full report here 👉 
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Read the full report here 👉 
https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/
https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/
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🗞️ 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗔𝗜 𝟮𝟬𝟮𝟰: 𝗔𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝗰 𝗲𝗮𝘁𝗶𝗻𝗴 𝘂𝗽 𝗢𝗽𝗲𝗻𝗔𝗜, 𝗔𝗴𝗲𝗻𝘁𝘀 𝗿𝗮𝗺𝗽 𝘂𝗽 𝘁𝗼 𝟭𝟮% 𝗼𝗳 𝘂𝘀𝗲-𝗰𝗮𝘀𝗲𝘀, 𝗼𝗽𝗲𝗻 𝗺𝗼𝗱𝗲𝗹𝘀 𝗺𝗮𝗸𝗲 𝟭𝟵% 𝗼𝗳 𝘂𝘀𝗮𝗴𝗲 

Menlo Ventures surveyed 600 enterprise IT decision-makers for their 2024 report. They reveal that AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023!

Companies are shifting from experimentation to serious implementation.

👷 Top enterprise use cases by adoption:
‣ Code copilots (51%)
- GitHub Copilot hit $300M revenue run rate
‣ Support chatbots (31%)
‣ RAG (28%)
‣ Data extraction/transformation (27%)
‣ Meeting summarization (25%)

📈 Market dynamics:
‣ OpenAI's enterprise share dropped from 50% to 34% 👎
‣ Anthropic doubled presence from 12% to 24% 🚀
‣ Open-source makes up 19% of usage 🤗

😬 Implementation challenges:
‣ 26% failed due to unexpected implementation costs
‣ 21% failed due to data privacy issues
‣ 18% failed due to disappointing ROI
‣ 15% failed due to hallucinations

Read the full report here 👉 https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/
👀
John6666 mphite726