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14min chapter
Bessemer Venture Partners - State of the Cloud 2024
SaaS Talk™ with the Metrics Brothers - Strategies, Insights, & Metrics for B2B SaaS Executive Leaders
AI Funding Trends in 2023 and Impact on Software Development Landscape
The chapter explores the AI funding landscape in 2023, with a focus on heavy investments in foundational model companies by corporate VCs like Microsoft, Google, Amazon, and Nvidia. It discusses the market impact of open source versus closed source models, the rise of AI-driven development assistance tools like Copilot, and the potential democratization of software development. The chapter also delves into the evolution of Gen AI applications, multimodal models in AI, the growth of vertical AI surpassing vertical SaaS, and the role of AI in reviving the consumer cloud market while emphasizing the importance of staying current with AI solutions in the industry.
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