Enterprises are struggling with what to do with Gen AI, say venture capitalists [Video]

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. 

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The full report, 2024: The State of Generative AI in the Enterprise, can be read on the Menlo Ventures website. The survey was conducted in September and October and is based on responses from 600 IT decision-makers.

The report is the latest output from …