NEA’s Tiffany Luck says enterprises are still figuring out their AI ROI
NEA partner Tiffany Luck discusses the ongoing challenge for enterprises to measure the return on investment (ROI) for their AI spending. Many companies initially overspent on AI, leading to budget cuts, and are now seeking solutions to track their AI expenditures and prove value.
Earlier this year, a trend of maximizing AI usage swept through Silicon Valley, with CEOs encouraging extensive adoption. However, the subsequent costs proved challenging, as evidenced by reports of Uber exceeding its annual AI budget quickly and other companies reducing AI licenses.
Tiffany Luck, a partner at NEA, is focused on this tension between AI hype and tangible ROI. Having previously championed e-commerce adoption, she now sees significant potential in AI, particularly for creating
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