Pitchbook predicts the market for generative AI in the enterprise will grow at a 32% CAGR to reach $98.1 billion by 2026.

I have been a tech entrepreneur for over 25 years. The pace of change in this space has always been incredibly fast. I used to tell folks I was operating in dog years, given that I would see about seven years’ worth of transformation in a single year.

The launch of ChatGPT late last year turbocharged that speed of innovation. Generative AI blew up, and every day major tech players like Microsoft, Google and Salesforce released competing announcements of how they were integrating the tech into their platforms.

I have seen so much advancement, demand and promise in generative AI since then, specifically on the interactive chat side, that I have started to measure the pace in hamster years, which is five times faster than dog years.