Bessemer Venture Partners’ Post

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𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧: Voice AI applications will unlock $10B of new software TAM over the next five years. The rise of multimodal models and AI Agents is leading the next wave of innovation in AI, and dramatically expanding AI’s potential applications to far broader use cases than early text-based models achieved. What this means: There’s a greenfield opportunity for AI entrepreneurs to innovate across new modalities, such as voice, image and video, as well as agentic workflows. In the next 12 months, we expect voice AI applications in particular to see breakout growth. In the slide, we show three major waves in voice and communications tech, from interactive voice response (IVR) to automatic speech recognition (ASR) and end-to-end agents. 📈 Dive into State of the Cloud 2024 to read more about this trend ⤵️ https://lnkd.in/grhwg8C3

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With Voice AI, do you mean voice input, output or both?

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