The company highlights rapid growth in their AI business, with widespread adoption among small, digital-native enterprises, and emphasizes that AI will become embedded in every software application. They remain optimistic about the future of AI, viewing it as essential for driving revenue and innovation across industries, even amid economic uncertainties.
The speaker discusses the recent financial performance of their company, highlighting a strong first quarter with 14% year-over-year growth and a significant 160% increase in their AI business. They mention key milestones, including over 5,000 customers using their AI platform in private preview and more than 8,000 agents deployed on the platform. The company remains optimistic about the future of AI, reaffirming their guidance for the rest of the year and upcoming quarters, emphasizing the potential of their new generative AI platform set to launch soon.
The company’s revenue is largely international, with about two-thirds coming from overseas markets such as Europe and Asia. They note that the development of open-source AI models like Llama 3.2 has positively impacted their business, especially since the release of these models. Their customer base mainly consists of small, digital-native enterprises that are eager to integrate AI into their software stacks, reflecting a broader trend of AI becoming ubiquitous across all applications, akin to the “Intel inside” era of PCs.
The speaker emphasizes that AI is entering an era where it will be embedded in every software application, and their company aims to facilitate this transition by enabling seamless AI integration for their customers. They highlight the importance of cloud infrastructure in supporting AI adoption, with their company hosting various AI models and providing the necessary tools for smaller companies to leverage AI effectively. This positions them as a key player in the evolving AI ecosystem, catering to a wide range of enterprise needs.
Addressing concerns about economic uncertainty, the speaker argues that digital-native companies view cloud and AI as essential drivers of revenue growth. Despite economic challenges, these companies see AI as an opportunity to streamline operations and strengthen their market position. The speaker reassures that their company is not late in the AI race, asserting that they are still in the early stages of AI adoption, with their AI revenue growing rapidly and positioned for further expansion.
Overall, the company is bullish on AI’s future, emphasizing its widespread adoption and the critical role it will play in software applications across industries. They believe that even during economic downturns, digital-native enterprises will continue to invest in AI and cloud technologies to stay competitive. The company’s focus remains on expanding their AI platform, supporting customer growth, and capitalizing on the global shift towards AI-integrated solutions.