Everyone has the budget for AI 💸
October 9, 2024
Hey Reader,
Welcome to The Middle, your midweek rundown of the most interesting things we've read this week.
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Let’s jump into The Middle.
Jeff
Patrick Collison, the Stripe founder, highlights how quickly AI companies are growing.
Stripe AI Analysis
Tomasz Tunguz, a highly regarded VC at Theory, shared results from a Morgan Stanley survey related to AI budgets.
Every company is starved for budget (big generalization but go with me). Yet every company is getting AI pushed through - so where exactly is the budget coming from?
41% have a net new budget for AI.
Pretty great news for AI companies - green field and plenty of budget
Morgan Stanley AI Survey
Atlassian went from your typical software company to an innovation machine after starting "ShipIt Days."
Here’s how simple it is: every quarter, employees get 24 hours to work on whatever they want. No restrictions. Just build something valuable, ship it, and share it.
The result?
Some of their biggest product innovations, like Jira Service Desk, came out of these sessions, and employee engagement shot up by 32%.
It turns out that when you give people the freedom to create, they do their best work.
What's your version of ShipIt Days?
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