Though Bill Gates recently declared the current moment in technology as important as the advent of the PC, storied Silicon Valley firm Benchmark is taking a relatively cautious view of AI’s gold rush for now. A “big majority” of startups pitching to partner Chetan Puttagunta claim to be working on machine learning, but, he told Forbes.

Benchmark is leading the investment with a bet that MindsDB can replace the need to hire hundreds of machine learning engineers.