Absolutely enjoyed this piece by Lightspeed Venture Partners and their thesis on intelligence-as-a-service. Foundation models like Anthropic are competing to be the substrate of the net wave. Truly exciting and unprecedented times to be a software investor!
Quoting some favorite parts of this here:
Intelligence as Software
- “AI — intelligence as software — is a fundamentally different paradigm. We are witnessing the creation of novel capabilities that simply did not exist before, and they are transforming domain after domain.”
Intelligence-as-a-Service
- “We believe the result is the non-linear scaling of intelligence-as-a-service.”
~$1.5 Trillion in Net-New Revenue
- “At Lightspeed, our core belief is that the biggest value from AI’s development will be unlocked at the frontier. Intelligence is the product and we are at the beginning stages of the journey. As a result, the most valuable applications are still being built — and the foundation models that underpin them are the essential and valuable substrate for that next wave. We estimate the evolution to the next wave of AI intelligence could power experiences and activities that represent $1.5 trillion in net-new revenue.”