Thakker predicts that the software industry will expand from $600 billion to double or triple that amount in the next five to seven years due to AI. He believes that AI will not only improve GDP by 5% but also expand the software buy dramatically. He also discusses the potential reshuffling of power among tech giants like Microsoft, Amazon, and Nvidia, and suggests that companies like Databricks or Snowflake could become significant competitors in the cloud provider space.
Key takeaways:
- Dharmesh Thakker, a general partner at Battery Ventures, views AI as a fabric that's automating human intelligence, potentially leading to a higher order revolution than cloud or PCs.
- Thakker believes that AI is increasing productivity in tech and sales, with companies able to manage costs more effectively and improve efficiency in areas such as sales, marketing, and R&D.
- Thakker notes a power struggle among tech giants like Microsoft, Nvidia, Amazon, and others, with potential reshuffling of the tech landscape and emergence of new major players.
- He predicts that the software industry will expand from $600 billion to double or triple that in the next five to seven years, driven by AI and automation of human labor.