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MongoDB (NASDAQ:MDB) said that the company would be a beneficiary as large language models become more accurate and get better.

MongoDB’s CEO Dev Ittycheria, as well as CFO and COO Michael Gordon were speaking at the Goldman Sachs Communacopia + Technology Conference on Monday and responded to questions on AI, among other things.

The executives said that MongoDB was in the “inference market” — where they have to ‘marry’ LLMs with business needs.

They noted that the inference market will be bigger than the training market in AI. Ittycheria and Gordon noted that the money being spent in the industry on LLMs was a good sign for the company.

Globally several companies such as Microsoft (MSFT)-backed OpenAI, Meta Platforms (META), and Alphabet’s (GOOG) (GOOGL) unit Google have been spending billions of dollars to develop and train LLMs, which power the AI chatbots.

Ittycheria and Gordon said that MongoDB was well positioned and would be a beneficiary of the trained LLMs.

The executives, however, did cite a customer’s concern related to deployment of AI models. They noted that a financial customer had 15 AI workloads in production but none of them were client facing because of LLM hallucinations. The executives said that the customer wants to be more comfortable before deploying the AI models.

Speaking on MongoDB’s future, Ittycheria and Gordon said they had three priorities — to move more up-market; the company has a unique opportunity to reduce cost and time of legacy apps, and modernize apps; and become a core ingredient of the AI tech stack.

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