Flybridge

????????????????????: ?????????? ?????????????? ?????????? ???? ???????? ???? ????????????????????? In september Flybridge AI Index update we deep dive into ServiceNow GenAI strategy. ● ServiceNow has outperformed the NASDAQ by 3x and its nearest competitor, Atlassian, by 5x since 2023. ● Under Bill McDermott leadership the company expanded from IT service management to a comprehensive workflow automation platform, now pursuing a $275 billion market opportunity. ● They are rapidly developing and launching GenAI-powered products, including NowAssist which became the fastest growing product in the company's history ● ServiceNow's access to cross-functional data through various enterprise systems could provide unique advantages in developing powerful GenAI applications. ● AI poses a risk of disruption if processes are reimagined. ServiceNow could face an innovator's dilemma in balancing AI adoption with maintaining profitability of existing products. In September, the Flybridge AI Index returned 8%.?For the prior 12 months, the Index has returned 43% to its current level of 120% since January of 2023. We thank Aiera (Bryan Healey) an AI-powered equity research platform, for accelerating our data and insight extraction process. Also, special thanks to Cherae Robinson, Jeffrey Bussgang and Chip Hazard for their constant contributions and feedback. Full analysis: https://lnkd.in/evqRbKMJ

Some interesting insights from Cerebras Systems S1. ? ???????????????? ?????????? ???????? ???????????????? ???? ?????????????????? ??????????: Estimated TAM of AI training infrastructure to be $72Bn in 2024 (62% of total), growing to $192Bn in 2027 (39% CAGR), and TAM for AI inference to be $43Bn in 2024 (37% of total) and $186Bn in 2027 (63% CAGR). Highlighted OpenAI’s chain-of-thought reasoning process and the need for intermediate steps as a future driver of further growth and demand for their solution. ? ?????????????????????? ???????????? ???????? ???????? ?????? ???????????????? ?????????????????????? ???????????? ???????? ????????: During H1-24, the company generated $136M in revenue compared to just $8M a year ago. In addition, they have an agreement with G42 (their largest customer, representing 87% of revenues) to purchase approximately $1.4Bn of high-performance computing systems, with pre-payment due before February 28, 2025. ? ???????????? ???? ???????? ???????????????? ???????? (????'?? ?????? ???????? ?????????? ?????? ????????????????): Through their Cerebras software platform (CSoft), they aim to seamlessly integrate with PyTorch and other ML frameworks, automating the complex process of mapping AI models to Cerebras hardware through advanced tracing and optimization techniques, eliminating the need for low-level programming, and enabling easy migration from other platforms. Hopefully, the first of many AI-related IPOs in the next few years. We will be adding to the Flybridge AI index when they go public

It's time! Episode 029 of The Feedback Loop, featuring Jesse Middleton of Flybridge fame and 3 ambitious startup founders trying to change the way the earth spins. As Jesse pointed out after hearing the first founder take his turn, giving a 1 minute pitch is super hard. But it's almost never the case that you're actually giving a 1 minute pitch, or that you wind up stuck in an elevator with a money printer. Instead, it's about using the lens of a 1 minute pitch to understand the essentials of a story and the hooks of interest that can push a conversation forward. And so, after each of these founders gave their best 1 minute pitch, Jesse and I gave them unfiltered feedback in the hopes of pushing them forward on that narrative journey. Links to see the thing in the comments! A shout-out to Yoeven D Khemlani, Sai Nanduri, CSM, PMI ACP, and Christopher Truong for getting up on stage in front of the live NYC crowd. Go founders, go!

“????’???? ?????????????? ?????????? ?? ?????????? ??????????????????, ?? ?????????? ????????, ?????? ???????? ???????? ????????????????” Harmonic helps Flybridge run an incredibly efficient firm. A 10-person team, with six investment team members, managing $1B+ across 300+ companies. Pretty impressive math. Highlights from the case study: ???????????????? ???? ?????? ???????????????? ???????????? “???????? ???? ?????? ???? ?????? ?????????? ?????????? ?????? ???????????????? ???????????????? ?????? ????—???????????????????? ???????????????????? ???????????? ???????????????? ?????? ?????????????????????? ???????????????? ???????? ?????? ?????????????????? ???? ?????????????? ????????.” ?????????????? ???????????????? ???????? ???????????????? ???????????????????? ?“????’???? ???????????????? ???????????? ?????? ?????? ?????????????????????????? ?????? ???? ?????? ?????????????? ?????????? ???????? ???? ????/???? ??????????????????. ?? ?????? ???? ?????????????????? ???????? ?????????? ?????????????????? ?????? ?????? ?????????????? ???? ???????????? ?????????? ?????? ????????????????, ???? ???? ???????????? ?????????????? ???????????????? ???????? ?????????????? ?????? ???????? ??????????????????.” ???????????????? ?????? ?????????????????????? “???? ?????? ?????????????? ?????? ???????????? ???????????????? ???????? ???????? ?????????????????????? ?????? ?????????????? ???????? ???????? ???????? ?????????? ???????????????? ??????????????.” Click the link for the full story and learn how Harmonic augmented a strong network, leading to Flybridge's investment in Acree. Huge thanks to Daniel Porras Reyes, Julia Maltby, and the rest of the Flybridge team.

Flybridge AI Index August update is out! The index reversed July's decline and gained 3% in August. The compute/base layer accounted for the largest portion of the returns, increasing by 6.8%, compared to the infrastructure and application layers, which grew by 1.2% and 0.8%, respectively. In this latest edition, we share a new mapping of how we are dividing the constituents of the index across verticals. We also share some thoughts and insights around the expected growth of AI-capable PCs and smartphones in the coming years. We thank Aiera (Bryan Healey) an AI-powered equity research platform, for accelerating our data and insight extraction process. Also, special thanks to Cherae Robinson and Chip Hazard for their constant contributions. Link in comments

In Gen AI, experimentation is key to success. To build continuously improving systems, evaluations must be a central pillar—after all, you can't improve what you don't measure. Evaluation systems should be tailored to each company and adaptable based on real user interactions. In the latest Flybridge article, we deep dive into the characteristics of a good evaluation system, types of evaluations, and human vs. AI-based model evaluations. We also discuss current areas of research in the space and the strategic role evaluations have for generative AI systems beyond reliability. Massive thanks to Julia Neagu from Quotient AI, Ian Cairns from Freeplay, Yi Zhang from Relari, and Zhao Chen for the insights, feedback, and quotes for the article. As always, thanks to my colleagues Chip Hazard and Jeffrey Bussgang for their contributions. https://lnkd.in/emndRkXt

Hey Pete McDonald you can photo bomb me and Richard DiBona anytime!! Thanks Pardees Safizadeh for the photos and Flybridge for the amazing event!! Jeffrey Bussgang Chip Hazard Cherae Robinson ??