Where does the generative AI market stand today, and what’s one big market trend?

There was a very turbulent period in early 2023 as everyone observed this new thing called a ChatGPT. Lots of people had very, let’s say, engaging experiences with what it could do. But also, lots of people left with a fairly unsettled feeling in terms of their conversations.

So it created a lot of concern, but it also sort of opened everyone’s eyes to what the potential of AI truly is from a generative AI sense. Then there was this dynamic of innovation from OpenAI and Microsoft, Google and other partners within the ecosystem.

Today, there’s a very credible counterweight that is coming from the standpoint of open-source models.

So now there’s this tension between frontier models, which are closed-source, very, very large versus open-source models that can get very close to what these frontier models are able to do.

So we are seeing just an enormous explosion of opportunities at the top of the funnel. We are doing a couple of meetings a day on this, but the intent of customers to do more with generative AI is growing every single day.