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Voice AI applications will unlock $10B of new software TAM over the next five years Bessemer Venture Partners Remember when talking to machines felt like science fiction? Voice AI tech stack – by A16Z The landscape is still relatively small, but growing. Well, that future is now knocking on our door.
In the wider tech world, GenerativeAI startups raised $14.4B There’s been huge progress in AI in the past two weeks including new models from Meta , Google DeepMind , OpenAI searchGPT and voice models, Hugging Face SlolLM. APPOINTMENTS Congrats Sarai Bronfeld on your promotion to partner at NFX !
This post explores the most important benchmarks VCs look for in B2B SaaS with data brought to you by 20VC/La Famiglia, Serena Capital, Emergence Capital, and Openview Ventures, providing definitions and insights into the most critical metrics for SaaS companies.
To add more heat, Microsoft launched generativeAI search results for Bing. Mistral AI released two new open-source LLM models (Nemo in partnership with NVIDIA ) and Large 2. AI at Meta launched LLaMa 3.1, Kudos Eyal Azoulay on joining Entrée Capital as the newest partner! the most powerful open source LLM to date.
Marketing is particularly well suited for adopting generativeAI because it is an iterative, creative, and dynamic practice that relies on the types of media — texts, images, video — that have driven LLM development. This is one of the reasons why many of the first B2B GenAI use cases were for marketing!)
I suspect many of the first-wave of GenAI startups targeting the application layer will fall victim to this as the big platforms expand and partner to offer similar features. If you want to learn more about these advantages, I recommend Harry Stabbings “ 20 Minute VC ” podcast featuring Sarah Tavel , a partner at Benchmark.
Looking Back: A Year Defined by GenerativeAI 2024 will go down in history as the year generativeAI truly went mainstream. It wasnt just startups leveraging generative AIcorporates like Adobe, Salesforce, and Google integrated AI-powered features into their core products, making it ubiquitous.
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