VentureBeat June 20, 2024
Bessemer Venture Partners is one of Silicon Valley’s most prominent venture firms and one of the earliest to make a bet on SaaS and cloud technologies. Historically, It has parlayed the firm’s expertise into annual trend reports such as the State of the Cloud. In 2023, with the rise of ChatGPT, the company declared that language model-powered AI was here to stay. And it was right. For this year’s State of the Cloud, Bessemer believes Cloud AI has supplanted the legacy cloud and that the reality about the technology is now outpacing the hype.
“We’re at that moment of a tech cycle where everybody’s paying attention,” Kent Bennett, Bessemer partner and lead author of the 2024 State of the Cloud...
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