Venero Report: Generative AI and its impact on the Future of Work

Work Tech vendors have been investing in AI for years, yet generative AI will disrupt the Future of Work more quickly than people anticipate, and the impact will be much more pronounced. 

​In this report we discuss why and how Generative AI will fundamentally change the competitive landscape, and why Work Tech vendors will need to establish a different competitive moat. 

We dive into the state of the Work Tech market, Generative AI use cases, early product releases, risks, limitations, as well as implications for M&A and VC funding. 

The report also looks at the impact of inflation, layoffs, lack of VC funding and tightening budgets on Work Tech vendors, and the outlook for M&A and fundraising. 

Current risks and limitations notwithstanding, the AI genie is now out of the bottle. As with other paradigm-shifting innovations, like the rapid democratization of the Internet following the release of the first Mosaic web browser, all vendors should take note and carefully assess the impact Generative AI is likely to have on their business. 

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This Venero report covers the following topics:

Work Tech Market Update
– Key Sector Themes
– State of the M&A Market
– State of the Funding Market

Generative AI and the Future of Work
– Definitions
– Intro to Generative AI 
– Potential for Disruption in Work Tech 
– Work Tech Applications 

M&A and Fundraising Implications 
– Potential Impact  
– Risks and Limitations