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AI 50: Companies of the Future | Sequoia Capital

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Last year generative AI moved from the background to the foreground of the AI 50 list. This year it is front and center as we see the beginnings of major AI productivity gains for both enterprise customers and consumers. Although the majority of 2023’s AI venture funding in the U.S. went to infrastructure—60% to the biggest large language model (LLM) providers—application companies continue to dominate the AI 50 list. Meanwhile, we are beginning to see what AI-infused companies will look like. Today, many are integrating AI into their processes as a way to accelerate KPIs. We’re seeing large companies benefit from integrating AI into their products. Workflow automation platform ServiceNow is achieving case avoidance rates of nearly 20% with their AI-powered Now Assist. Palo Alto Networks has reduced the cost of processing expenses with AI. Hubspot has scaled customer support with AI. And Swedish fintech Klarna recently announced over $40 million in run-rate savings by building AI into

AI 50: Companies of the Future The 2024 edition of the AI 50 shows how Gen AI is starting to transform enterprise productivity. By Konstantine Buhler Published April 11, 2024 Last year generative AI moved from the background to the foreground of the AI 50 list. This year it is front and center as we see the beginnings of major AI productivity gains for both enterprise customers and consumers. Although the majority of 2023’s AI venture funding in the U.S. went to infrastructure— 60% to the biggest large language model (LLM) providers—application companies continue to dominate the AI 50 list. Me

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