for Mamoon Hamid and Ilya Kushmanhearing the investment pitch means hearing about AI.
Two venture capital (VC) veterans spoke. Funding status and their company Kleiner Perkins Artificial intelligence (AI) was a central focus of an interview with TechCrunch on Saturday (February 3).
When asked how many AI pitches Kleiner Perkins receives per month, Hamid said, “From a percentage standpoint, I’d say it’s over 80%.”
“To be fair, if you were starting a company in 1996 and you didn’t mention the Internet, you’d be insane, right?” he added. “Similarly, not mentioning or leveraging AI is a missed opportunity.”
Fuschmann added: AI companies Venture capital backers are organizations that “occupy big problem space that companies can and should own.”
“For example, with Enterprise Assistant, it’s a big space, and the first people to figure it out are going to be the ones who move the fastest,” he continued.
Looking at the AI space, Fuschmann said companies are unlikely to give away anything for free like they did during the mobile phone revolution, unless they come out with a product that “pops off the shelf.”
“AI requires distribution, and improving the product experience requires data. So we think the first person to define a product category can do it much faster than anyone else.” Fushman told TechCrunch.
Their comments come as technology companies, including giants like Meta, continue to invest heavily in AI. Last week, CEO mark zuckerberg He expressed optimism that Meta’s AI investments will pay off in the long run.
Mr. Zuckerberg said the following at his company’s financial results conference. Lean business model has contributed to the company’s goal of providing the most popular cutting-edge AI products and services to the more than 3 billion people who use messaging apps.
“If we are successful, everyone who uses our services will World-class AI assistant “To help get things done,” he said. All creators will own the AI that the community can participate in. Every business will be equipped with AI that customers can interact with to buy products and get support, and every developer will be empowered to build cutting-edge open source models. ”