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In this moderated discussion, Professor Haim Mendelson is joined by guest speaker Yoav Shoham, a renowned AI expert, co-founder of several successful AI companies (the most recent being AI21 Labs), and professor emeritus of computer science at Stanford University. Together, they delve into the evolving landscape of AI in the enterprise, examining its current state and future trajectory. Shoham addresses key questions, such as why enterprise deployments often lag behind consumer adoption, the limitations of LLMs in enterprise applications, and whether AI agents represent meaningful progress or simply the latest hype. He also offers tips for successful AI implementations and shares his insights on what’s ahead for enterprise AI, including the expected shift from models to complete AI systems, the implications of AI on the workforce, and more. This event is part of the Value Chain Innovation Speaker Series and is organized by the Value Chain Innovation Initiative. The series explores how emerging technologies are reshaping business models, value chains, and consumer preferences. Each one-hour webinar features a dynamic conversation led by Professor Haim Mendelson, faculty director of VCII, with one or more leading innovators in the field. Visit the VCII Events page at goto.stanford.edu/vcii-events for a list of upcoming events and to access past event recordings. –––––– 00:00 Introduction 02:50 Yoav’s entrepreneurship journey 05:33 About AI21 Labs 09:35 Evolution of AI in the enterprise 12:24 AI21’s Jamba model 16:17 Factors impacting enterprise adoption 18:14 The future of AI solutions 22:11 AI agents: promise and hype 24:52 Tips for AI implementation 30:42 AI systems as a product category 34:02 Q&A: Impact on workforce 38:32 Q&A: Additional hurdles to AI adoption 39:45 Q&A: Education’s role in maximizing AI value 41:50 Q&A: Buzz around DeepSeek 45:33 Q&A: Open vs. closed source 46:38 Q&A: Enterprise priorities for 2025 48:02 Q&A: Global perspective 51:56 Preview of next webinar 52:56 Closing remarks