NEA Partner Says Enterprises Still Determining AI Return on Investment
7 reported
NEA partner Tiffany Luck stated that enterprises are still figuring out their return on investment for artificial intelligence. Luck made the comments on TechCrunch’s Equity podcast, where she discussed the future of personal agents, this year’s AI IPOs, and how startups are helping businesses track AI spending. The discussion comes after a period of intense AI adoption, with some companies reportedly facing budget overruns. According to the report, Uber reportedly exceeded its annual AI budget in a few months, some companies cut Claude licenses for parts of their organization, and Meta ended its internal AI usage leaderboard. Luck previously worked on convincing companies that e-commerce was the future and is now focused on AI, particularly for consumer applications.
What’s reported
NEA partner Tiffany Luck said enterprises are still figuring out their AI ROI.
Luck appeared on TechCrunch’s Equity podcast with Rebecca Bellan.
The podcast covered personal agents, AI IPOs, and startups helping track AI spending.
Uber reportedly blew through its annual AI budget in a few months.
Some companies cut Claude licenses for parts of their organization.
Meta killed its internal AI usage leaderboard.
Luck previously worked on convincing companies that e-commerce was the future.
Key figures
Tiffany Luck, partner at NEA
Rebecca Bellan, TechCrunch host
Sources: TechCrunch
