Menlo Ventures: The State of Generative AI in the Enterprise in 2024

Summary of https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise

Menlo Ventures' 2024 report analyzes the state of generative AI in U.S. enterprises, based on a survey of 600 IT decision-makers.

The report highlights a significant increase in AI spending, driven by a shift from pilot programs to production deployments. Key findings reveal the most valuable AI use cases (code generation, chatbots, search), a preference for augmenting human workflows, and a growing market share for AI application startups.

Finally, the report offers predictions for the future of enterprise AI, including the rise of AI agents and increased competition for AI talent.