AI Budget

“The last 60 days are every single scale up is, is capping their AI budget for real. It's not just Ubers of the world. Everyone's capping it because it's grown truly exponentially, right? Everyone's capping it. It's six million a year, eight million a year.”

“If you just give people a play you know you know, sandbox to play in without constraints, without, you know, knowing what success looks like, you know, they're going to just, you know, like many a company below their entire year's AI budget in the first, you k…”

“Next year is going to be very explicit budgets for everybody on AI and exactly. I mean, it's captain obvious to say, this is one of the areas in venture and everything where everything's up. Everything's great. Everything's great. I mean, Not, not the pre-AI c…”

“We blew through our AI budget in a quarter, you know, for the whole year, essentially.”

“Budgets overall have grown about 50% for AI.”

“Well, I think a lot of AI budgets at the moment are very kind of non-resilient, right? They're coming in, people are spending money, they're trying things out, and they expect a lot from them, and I think in the long run that would be correct. But it's hard to…”

“I call it experimental because people are still not defining it all the way back to a business issue and an ROI that is, like, fully defensible.”

“AI budgets that are based on just, hey, we need to quickly enable our employees to be AI-centric that aren't tying it back to business outcomes, impact, Top line, bottom line. A year from now, two years from now, we're going to churn.”

“I asked Aaron Levy when I talked to him, when you talk with your biggest customers, what's their AI budget? He's like, their AI budget is zero. There's no AI line.”