📈 The State of Generative AI in the Enterprise
Interesting report from Menlo Ventures that shows the evolution of Gen AI in companies from 2023 to 2024:
• Uses cases: Code generation, chatbots, search, data, and meeting summarization are the top generative AI use cases in companies.
• Foundation models: Anthropic is rapidly eating OpenAI's market share. Multi-model strategies are on the rise, with specific concerns about safety, price, performance, and features.
• Implementation: Fine-tuning models is not as popular as it was last year and prompt engineering, RAG, and agentic AI are maturing into LLM engineering.
My personal take: generative AI is spreading everywhere with a strong focus on customizability. Creating value requires a deep understanding of the data, the context, the application, etc. which is why LLM engineers, capable of creating robust AI applications (fine-tuning, RAG, function calling), are extremely valuable.
Imo, fine-tuning is less popular not only because foundation models are stronger, but also because of a talent shortage.