Bessemer Venture Partners announced that it’s reserving $1 billion of its most recent fund to invest in A.I. A Crunchbase article stated that Bessemer is betting on A.I. for two main reasons: They believe that A.I. will fundamentally change the way people work and create trillions of dollars of value, and they predict that companies will have an easier time adopting A.I. than they did with other technological advancements like cloud-based software.

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