Despite some uncertainty, enterprise investments in applications soared eight-fold in 2024, with spending on AI-generated code leading the way.
This year, there’s been a huge enterprise investment in artificial intelligence (AI), nearing $14 billion. However, a significant proportion of companies are unsure what they’re doing with the technology, according to a survey of businesses by venture capital firm Menlo Ventures.
"More than a third of our survey respondents do not have a clear vision for how generative AI will be implemented across their organizations," write the authors of the report, Menlo Ventures partners Tim Tully and Joff Redfern, and investor Derek Xiao, who used the help of Anthropic’s Claude Sonnet 3.5 large language model (LLM) to compile the report.