Seven Golden Rules From Menlo Ventures' AI Playbook
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Menlo Ventures Partner Matt Murphy discusses the Seven Golden Rules from Menlo Ventures' AI playbook, which examines the strategies used by early AI-native enterprise companies. The report focuses on the applications built upon foundational AI models and highlights breakout successes. The infrastructure stack for AI applications is well underway, creating a foundation for rapid innovation. The Seven Golden Rules include concepts like an infinite content loop, high-value and high-volume work, and targeting areas with labor shortages. The market for generative AI is extremely busy, with over 50% of companies in Menlo Ventures' portfolio working on generative AI. The report emphasizes the importance of building applications that are completely different from incumbents and reimagining workflows. The opportunity lies in using generative AI technology to transform applications and workflows, rather than simply adding it as a capability. The report cites examples in the legal and customer service verticals. The report also highlights the importance of starting with a founding team that has AI expertise and building the application from the ground up. The report concludes that generative AI has the potential to make applications more effective and efficient for users.

#Ai #MenloVentures #AiApplications #GenerativeAi #Innovation #Workflows

https://www.bloomberg.com/news/videos/2024-04-17/seven-golden-rules-from-menlo-ventures-ai-playbook-video