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Malphite
mphite726
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5 following
AI & ML interests
test ai
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m-ric
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30 days ago
๐๏ธ ๐ฆ๐๐ฎ๐๐ฒ ๐ผ๐ณ ๐๐ป๐๐ฒ๐ฟ๐ฝ๐ฟ๐ถ๐๐ฒ ๐๐ ๐ฎ๐ฌ๐ฎ๐ฐ: ๐๐ป๐๐ต๐ฟ๐ผ๐ฝ๐ถ๐ฐ ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐๐ฝ ๐ข๐ฝ๐ฒ๐ป๐๐, ๐๐ด๐ฒ๐ป๐๐ ๐ฟ๐ฎ๐บ๐ฝ ๐๐ฝ ๐๐ผ ๐ญ๐ฎ% ๐ผ๐ณ ๐๐๐ฒ-๐ฐ๐ฎ๐๐ฒ๐, ๐ผ๐ฝ๐ฒ๐ป ๐บ๐ผ๐ฑ๐ฒ๐น๐ ๐บ๐ฎ๐ธ๐ฒ ๐ญ๐ต% ๐ผ๐ณ ๐๐๐ฎ๐ด๐ฒ Menlo Ventures surveyed 600 enterprise IT decision-makers for their 2024 report. They reveal that AI spending surged to $13.8 billion this year, more than 6x the $2.3 billion spent in 2023! Companies are shifting from experimentation to serious implementation. ๐ท Top enterprise use cases by adoption: โฃ Code copilots (51%) - GitHub Copilot hit $300M revenue run rate โฃ Support chatbots (31%) โฃ RAG (28%) โฃ Data extraction/transformation (27%) โฃ Meeting summarization (25%) ๐ Market dynamics: โฃ OpenAI's enterprise share dropped from 50% to 34% ๐ โฃ Anthropic doubled presence from 12% to 24% ๐ โฃ Open-source makes up 19% of usage ๐ค ๐ฌ Implementation challenges: โฃ 26% failed due to unexpected implementation costs โฃ 21% failed due to data privacy issues โฃ 18% failed due to disappointing ROI โฃ 15% failed due to hallucinations Read the full report here ๐ https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/
reacted
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clem
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30 days ago
I've been in Brazil for 10 days now ๐ง๐ท๐ง๐ท๐ง๐ท I've been surprised by the gap between the massive number of people interested in AI (chatgpt adoption is crazy here) and the relatively low number of real AI builders - aka people and companies building their own AI models, datasets and apps. Lots of efforts needed across the world for everyone to participate, control and benefit this foundational technology, starting with open-source & multi-lingual AI, more access to GPUs & AI builder training for all!
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jwu323
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30 days ago
We are excited to announce a new internal project, Rome, focused on advancing LLM reasoning. The code and accompanying paper will be released soon. Stay tuned!
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