Multimodal models and AI agents will transform software | State of the Cloud 2024

Mike Droesch, Talia Goldberg, and Kent Bennett of Bessemer Venture Partners discuss the rise of the multimodal models and AI agents as the revolution that'll transform human relationships with software.

State of the Cloud 2024: https://www.bvp.com/atlas/state-of-th...

Top takeaways
— The rise of multimodal models and AI agents is ushering in a new wave of innovation in AI, expanding its potential applications beyond early text-based models to include voice, image, and video, as well as agentic workflows. These advancements provide AI with capabilities akin to human vision, hearing, and speech, creating opportunities to augment a large share of human work reliant on these senses.
— Voice AI applications will unlock $10 billion in new software TAM over the next five years.
— Multimodal models will open new frontiers in AI applications, bringing near-human capabilities to various markets, from large enterprises to small businesses and consumer apps.