Eric Siu and Neil Patel break down the AI use cases actually making money in business right now: code generation, support chatbots, enterprise search, and data extraction. They look at which LLM makers are winning market share and what a Menlo Ventures report says about where the real value is.
What do you think are the most valuable AI use cases in business today?
In business? I don't know.
I can tell you marketing. Okay, so this is from Menlo VC and they've invested in some pretty impressive AI companies. And so you can see over here, the first one is code generation. So 51% would say code generation, right? So it's using like Copilots or using the cursor or something like that, right? And legit, like, I don't know about your developers, but they're like, we're like 5 times faster, right? Pretty impressive. Support chatbots would be another one, like a Sierra.ai where people are building like customer service bots and things like that. And I'll just go with the third one. Your brother-in-law, I think, sold one of these companies, enterprise search plus retrieval, right? 'Cause we have a lot of artifacts with our data. It's hard to find things. And he sold it to Dropbox. Yeah, and it makes a lot of sense. Dropbox, you have all your files in Dropbox. You need to figure out a good way to retrieve this information. And then data extraction and transformation. Like those are the top use cases for 2025. Now I want to talk about the state of AI. for business in 2025. So what do you think OpenAI's market share was for LLMs in 2023?
10 million?
Like percentage market share.
OpenAI's percentage?
Yeah, of LLMs.
Call it 80%.
50%. What do you think it is in 2024?
Call it 10%.
34%. So you can see this, Anthropic is gaining over here, right? They've gained like 12% or so. Google's actually going up from 7 to 12%, Anthropic from 12 to 24% or so. This is actually like, There's too many competitors.
It's going to decrease and there's going to be more and more over time.
And Meta's kind of held steady, right? So I think, who knows? Like, here's the thing. Here's a question for you. Would you invest in OpenAI as a stock if it was public today?
No. Me neither. Why wouldn't you? I think I get better returns investing in myself. Okay. Yeah, me too.
So we have nothing else to add there. But I really recommend that everyone reads this report from Menlo VC. It's a bit of a doozy. It was written by AI as well.
Do I think OpenAI could be a trillion-dollar company?
You can make a killing?
Yes. Do I think you and I can potentially beat those returns? I don't know. I think the difference with us versus investing in another company, you and I both enjoy what we do.
Yeah.
And it's not always about the return. So we invest in what we not just feel can produce a good return and it has less risk for us because we know what we're doing, at least within our field. The other big thing is we just Love what we're doing.
I want to take a second to tell you about my podcast co-host's agency. So NP Digital, so Neil Patel Digital. What they do is they do a whole host of marketing services and they are global. They're worldwide. They have SMB services as well. They have mid-market to enterprise services as well. They cover the entire gamut. So you can just go to npdigital.com to learn more about it. And now back to the episode. I just think we'll get Like the returns will be more than we ever have thought of growing up, right? Like you never thought you'd be where you are right now. I never thought I'd be where we are. Like, and so long-term, like everything will be fine.
My problems are stupid first world problems.
Yeah. Like, you know, Eleventy.
Yes. Like someone charging my credit card $13,000 when they shouldn't have thinking I won't catch it. I'm like, ah, I'm going to make an example. It's not worth my time. I should just do a chargeback and walk away and not deal with it. But no, I don't know why. I just have to.
It's part of the game. So that is it for today, guys. Please don't forget to rate, review, subscribe. Go to marketingschool.io/agency if you want to learn more about our little agency community to help you grow faster. I think Neil, we're actually speaking in 10 days to the community. So that's that. And yeah, we'll see you tomorrow.
