Tokenmaxxing was all the rage in Silicon Valley this year, with CEOs pushing their teams to explore every corner of artificial intelligence (AI). But when the bills came due, some companies faced a harsh reality: AI’s price tag.
Uber reportedly exhausted its annual AI budget within months, leading some firms to cut back or even halt certain initiatives. The tech giant Meta had to kill its internal leaderboard, highlighting a stark contrast between the hype and the hard numbers.
In this environment, NEA partner Tiffany Luck finds herself at the forefront of navigating these challenges. With experience in convincing companies about e-commerce’s potential, she is now focused on AI's transformative power, especially for creating those 'magic moments' within consumer businesses.
On TechCrunch’s Equity podcast, Luck discusses her insights into personal agents and this year’s AI Initial Public Offerings (IPOs). She also delves into how startups are aiding enterprises in tracking their return on investment (ROI) from AI projects. The future of personal assistants may just be the key to unlocking lasting value for businesses.
