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The AI Services Revolution: Why VCs Are Betting Big on Agentic AI

Nov 09, 2024 - news.bensbites.com
The article discusses the rise of Agentic AI, a form of AI that can autonomously manage and execute complex workflows without constant human intervention. It highlights the potential of Agentic AI in disrupting various industries, with venture capitalists viewing it as a $4 trillion opportunity. The AI Agents market is projected to grow from $5.1 billion in 2024 to $47.1 billion by 2030. The author also outlines where the money is flowing in Agentic AI, including AI-first applications, human-AI collaboration platforms, systems of agents, AI agents for professional services, AI-powered design tools, and unstructured data infrastructure.

For startup founders, this presents an opportunity to reinvent SaaS by building intelligence-first applications and adopting new design patterns that leverage Agentic AI’s capabilities. The winners in this space will be those who own valuable data sources, solve real labor shortages, and create entirely new service categories with AI at the core. The author concludes by emphasizing the importance of addressing ethical concerns and building trust with users and regulators in the Agentic AI space.

Key takeaways:

  • Agentic AI refers to AI systems that can autonomously manage and execute complex workflows, involving multiple steps and intelligent decision-making, without constant human intervention.
  • VCs see Agentic AI as a $4 trillion opportunity to disrupt software, services, and labor markets across virtually every industry.
  • October 2024 broke a record in global venture capital deployed, $32 billion in a single month, with AI attracting $12.2B, or 38% of the total funding.
  • For startup founders, this means a new opportunity to reinvest SaaS by building intelligence-first applications, adopting new design patterns that leverage agentic AI’s capabilities.
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