TLDR:
- Battery Ventures, through the insights of Dharmesh Thakker, sees AI as a fabric that is revolutionizing the tech industry by automating human intelligence.
- The impact of AI is already being felt in various sectors, leading to increased productivity, cost-effectiveness, and reshuffling among tech giants like Microsoft and Amazon.
Battery Ventures’ general partner, Dharmesh Thakker, views AI not just as a feature or sector, but as a fabric that is transforming the tech industry by automating human intelligence. Thakker believes this could be a higher order revolution than cloud or PCs. Battery Ventures has already made significant investments in companies like Arize, Weaviate, and Galileo, as well as Databricks.
Thakker points out the immediate impact of AI in various aspects of the economy, such as productivity in tech and sales. Companies are now able to utilize generative AI to cut costs, automate tasks, and focus on higher-order tasks that are more fruitful. This has led to significant improvements in areas like sales and marketing and research and development.
Additionally, Thakker highlights the competition among tech giants like Microsoft, Amazon, and Nvidia in the cloud, semiconductor, and AI space. He predicts a reshuffling among these companies and envisions the rise of new players like Databricks or Snowflake to compete with the established giants. Thakker also foresees a significant expansion in software spending and the emergence of companies that leverage AI at the application level to generate more value.
