AI investment is massive, but AI profits are not — and yet investors seem confident massive AI fundraising will one day translate into sizable AI profits. To break it down, Verge Deputy Editor Alex Heath guest hosts this episode of Decoder featuring Menlo Ventures partner Tim Tully and AirStreet Capital founder Nathan Benaich. 

Links: 

• 2024: The State of Generative AI in the Enterprise | Menlo Ventures
• State of AI Report | Nathan Benaich
• AI Index Report 2024 | Stanford HAL
• How companies are spending on AI right now | Tech Brew
• OpenAI Is growing fast and burning through piles of money | NYT
• Amazon to invest another $4 billion in OpenAI rival Anthropic | The Verge
• Agents are the future AI companies promise — and desperately need | The Verge
• Anthropic’s latest AI update can use a computer on its own | The Verge
• OpenAI reportedly plans to launch an AI agent early next year | The Verge
• Is AI hitting a wall? | Command Line

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Callie Wright. Our supervising producer is Liam James.

The Decoder music is by Breakmaster Cylinder.

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