Are we in an AI bubble? Most likely. But the infrastructure and tools built so far have already shifted what’s possible—permanently. Case in point: Gamma just outplayed Microsoft in the battle for how leaders create slides and make decisions. They have taken 70million users from Powerpoint. Microsoft’s bet was owning an AI LLM: fund OpenAI’s scale, lock in enterprise access, and win with a “closed” moat. Yet, compare PowerPoint today to Gamma’s AI-native creation flow. Despite early access to cutting-edge models, PowerPoint has barely moved. Microsoft seems focused on sales&marketing pushing “exclusive OpenAI API” for an open API, and how easy it is to "just use Copilot" to its existing enterprise base. Yes, PowerPoint carries decades of baggage and a massive codebase but Microsoft has ~228,000 people to Gamma’s ~50. But strategy—and assumptions about how AI would compete—have yielded a very different product. Gamma focused on creating a great product that solves real pain points in slide-creation without owning the LLM. They are a great example of many companies who have recognized models are commodities. Pick the best model at any moment, wire it into a radically better slide-creation process, and ship. The result in just 2 years: a smart slide-creation tool that does away with needing to spend hours late at night ensuring all boxes look pretty and fonts match. Simply ask the Gamma agent to apply consistent formatting in 1 minute! Sorry to the managers who enjoyed scolding juniors for imperfect slides! Gamma went further and created a capable “entry analyst” to draft the story so teams—junior and senior—spend time on the pitch and storytelling, not formatting. Even if AI’s current hype cools, the gains don’t vanish. Just like the dot-com era left us fiber, web adoption, online payments, and "free" ad-supported services we use daily, today’s AI build-out is laying rails we’ll keep running on. the If the dot com bubble repeats, AI infrastructure owners will take the biggest hit while those that leverage it can come out on top.
Today, as shared by The New York Times, we’re announcing two things: >Our Series B at a $2.1B valuation led by Sarah Wang at Andreessen Horowitz. >Reaching $100M ARR, profitably, with a team of just 50 people. That's $2M ARR per employee. PowerPoint was invented before the first website, before the Game Boy, before the Berlin Wall fell. But Gamma, and our 70 million users, are proof that an AI-native company can disrupt a category everyone assumed was won. 30 million gammas are created every single month, as we fight hard to become a new standard for communication. But we’re not stopping. We’re expanding our plans for businesses. We’re building out a full visual storytelling platform. And today, we’re releasing our API to the general public. So you can plug Gamma into wherever work happens. And to celebrate, we’re also sharing our first ever prompt guide backed by research into how our most successful users use Gamma to automate presentations, websites, and content in minutes.
