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Diving this week Learn more about what generative AI means and doesn’t mean for enterprise buyers. There are also notes on why your company wants to be like his Figma and how the investment side of the market is adjusting to down rounds being the new normal. — Anna
Possibility not yet released
When The Exchange looked at the status of Battery Ventures’ cloud software spending report, we started by focusing on what the title promised: the latest data on cloud software spending. And it turned out to be more encouraging than we expected.
Next, we examined another piece of good news for founders. That said, startups developing tech that automates tasks and quickly boosts productivity may be able to fend off the recession. This was based on report data points showing that automation is on the rise among corporate budget priorities.
But in the back of my mind, I also kept thinking about some of the report’s comments about generative AI.
On the contrary, Battery’s view on generative AI is conservative, but it’s unfair. After all, the VC firm was just relaying the results of a first quarter survey that gathered responses from his 100 C-suite executives (CXOs) who manage about $30 billion in spending.
