A survey of IT firms found that Open AI’s market share fell significantly, while Antropic’s grew twice as much. It was analyzed that Antropic benefited greatly from the increasing variety of firms adopting the multiple model.
Menlo Ventures, a enterprise capital firm, released its second annual ‘Enterprise Creation AI Report’ on the twentieth (local time).
That is the results of a survey conducted on IT decision-makers at firms with greater than 50 employees. In keeping with this, corporate spending on generated AI in 2024 will increase greater than six times in comparison with last 12 months, jumping from $2.3 billion to $13.8 billion.
What attracts attention is the market share of every company. Open AI fell from 50% of the enterprise AI market share last 12 months to 34% this 12 months. As a substitute, Antropic doubled from 12% to 24% last 12 months.
Meta followed with 16%, and Google increased from 7% last 12 months to 12%. Mistral fell 1% to five%, and Cohere fell 3%.
Tim Turley, partner at Menlo Ventures, said: “Our market research highlights a big power shift amongst the key LLMs, as firms take a realistic approach, adopting a median of three foundation models and switching between them depending on the duty.” analyzed.
Subsequently, it will not be that the variety of Open AI users has decreased, but that the speed of multiple adoption of various models has increased and only the market share has decreased. The truth is, Open AI’s profits are steadily increasing.
Additionally they announced that they’ve moved from curiosity resulting from the hype of generative AI to specializing in actual high-value use cases.
By sector, healthcare emerged because the leader with $500 million in spending, followed by law ($350 million), finance, and media/entertainment ($100 million each).
By department, spending was led by technology teams similar to IT (22%), product (19%), and data science (8%), followed by customer-facing teams similar to support (9%), sales (8%), and marketing (7%). and HR (7%) and finance (7%) all adopted generative AI.
“Once the foundational infrastructure is in place, firms can shift their focus to the applying layer to drive innovation and competition in real-world use cases,” said Partner Turley. “In the longer term, the true value of AI will emerge, transforming industries and opening up entirely recent markets.” “I expect that,” he said.
The truth is, with the appearance of ‘ChatGPT’, the education site Chegg lost 85% of its market capitalization by 2024, and the programming Q&A site Stack Overflow lost half of its traffic resulting from ‘GitHub Co-Pilot’ for example.
“We are going to soon see similar disruption in healthcare, finance and other fields where incumbent firms have been complacent,” he added.
Reporter Lim Da-jun ydj@aitimes.com
