Corporate Investment in Generative AI as Low as 1%, MenloVentures Report Reveals Industry Trends
Generative AI accounts for less than 1% of corporate cloud spending, compared to 18% for traditional AI. The MenloVentures report reveals the actual investment status in the industry. Companies are hesitant and concerned about generative AI, mainly due to unproven return on investment and 'last mile problems'. MenloVentures survey shows that while the generative AI market is rapidly developing, companies’ hesitance primarily revolves around validating investment returns and addressing last mile issues.
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