Generative AI’s first

year out the gate—“Act 1”—came from the

technology-out

. We discovered a new “hammer”—foundation models—and unleashed a wave of novelty apps that were lightweight demonstrations of cool new technology.

We now believe

the market is entering “Act 2”—which will be from the

customer-back

. Act 2 will solve human problems end-to-end.... See more

We now believe the market is entering “Act 2”—which will be from the customer-back . Act 2 will solve human problems end-to-end. These applications are different in nature than the first apps out of the gate. They tend to use foundation models as a piece of a more comprehensive solution rather than the entire solution. They introduce new editing... See more

Generative AI’s first year out the gate—“Act 1”—came from the technology-out . We discovered a new “hammer”—foundation models—and unleashed a wave of novelty apps that were lightweight demonstrations of cool new technology.