The Verge - Tim Tully of Menlo Ventures on generative AI's rise in the workplace. Presented by @stripe
The discussion highlights how startups, particularly those involved in AI and coding, are experiencing significant growth and revenue generation. This trend is not limited to just coding startups like Cursor and Codium, but extends across various departments and verticals, including legal tech companies. The speaker mentions a legal tech company, Eve, which has achieved substantial success in a short period, indicating that the rapid revenue growth is a common phenomenon across different sectors. The key insight is that the success of startups is widespread, and it's challenging to pinpoint a single sector as all are performing remarkably well. This suggests a broad-based adoption and integration of AI technologies across industries, leading to widespread benefits and opportunities for startups.
Key Points:
- Startups in AI and coding are thriving, with companies like Cursor and Codium leading the way.
- The success is not limited to coding; legal tech and other sectors are also experiencing rapid growth.
- A legal tech company, Eve, has achieved significant revenue in just over a year, showcasing the potential for quick success.
- The growth is widespread across various departments and verticals, not confined to a single area.
- AI technology is a key driver of this success, enabling startups across sectors to thrive.