We have our own point of view on the people, technologies, and conversations that will shape the future.
The Seven Generative AI Building Blocks for the Next Generation of Consumer Technology Companies
OpenAI’s ChatGPT reached 100 million monthly active users just two months after launch, setting the new standard for the fastest-growing consumer application in history. The landmark achievement underscored the strength of generative AI’s pull in consumer markets—surpassing even the breakthroughs of the internet and smartphones.
Our Investment in Typeface: Generative AI at Enterprise Speed and Scale
Since the advent of the internet, few technological advances have garnered as much attention and enthusiasm as quickly as generative AI. The technology has seen a meteoric rise, skyrocketing from a relatively unknown status to nearly ubiquitous interest, capturing our collective attention and imaginations along the way.
Software Will Supercharge Developer Productivity: Why We Are Excited About DX
Software developers spend their days chasing the elusive “flow state:” headphones on, Slack notifications paused, dev environment humming along, context switching to a minimum, and delivering a significant amount of valuable code and/or solving a hard problem. The unfortunate reality is developer flow is constantly interrupted by toil: faulty environments, flaky tests, slow builds, cross-team dependencies, and the like.
The code that runs the world today is rarely written from scratch. In 2021, developers borrowed more than 2.2 trillion open source packages or components from third-party ecosystems. 99% of codebases contain open-source code, and between 85% to 97% of enterprises leverage open-source software.
Developers have become increasingly powerful decision makers and influencers within organizations, with purchasing powers of their own and dedicated budgets—particularly in light of the explosive growth of GenAI.
I’m thrilled to announce today that Menlo Ventures is leading a $30 million round in Clarifai, a company building a platform to democratize AI and bring it to the mainstream of developers and applications.