Sequoia Capital has published its new essay on Gen AI opportunities and is an excellent read.
Sharing 7 big ideas from the essay (tl;dr: Application layers are a WIN / Service-as-a-software is for real)
The foundation layer of the Generative AI market is stabilizing in an equilibrium with a key set of scaled players and alliances, including Microsoft/OpenAI, AWS/Anthropic, Meta and Google/DeepMind. Only scaled players with economic engines and access to vast sums of capital remain in play.
