By the time 2023 rolls around, the field of artificial intelligence (AI) is poised to make some amazing strides and spark some serious ethical discussions. As generative AI models like DALL-E 3 and chatbots like Bing Chat gain popularity, attention is also being drawn to worries about the possible negative effects of AI. In light of this, top venture capitalists (VCs) in the field of artificial intelligence (AI) provide their audacious forecasts for 2024, providing insights into the direction of this game-changing technology.
The Rollercoaster Ride of Generative AI VCs forecast a dynamic environment for generative AI firms, including a potential upsurge in competitiveness and the loss of several. The focus is now turning to increasingly significant uses in industrial applications, genetic research, biotech, and climate solutions. AI has the potential to transform reproduction, healthcare, and endurance, beyond the limits of human possibility.
Redefining Capabilities with Multimodal AI
A significant change is anticipated in 2024 when text, picture, and audio data modalities merge into multimodal models. It is anticipated that startups that use these models will revolutionize AI capabilities in a number of sectors, including as manufacturing, e-commerce, and healthcare. It is anticipated that expressive software will become more prevalent and engage people across all platforms, offering revolutionary user experiences.
Open Source Democratization of AI
Increased availability of open-source models is predicted for 2024 as part of the democratization of AI. It’s anticipated that big tech firms will make a big contribution, encouraging innovation and maybe launching new businesses. This change may signal a sea change in the paradigms and frameworks for AI accessibility.
The Puzzle of the Persistent GPU
AI firms have difficulties as a result of the persistent GPU scarcity, which makes it challenging for new competitors to enter the market. VCs predict that either the GPU scarcity persists or that new, creative solutions surface in the upcoming year. The emphasis may move to innovative model architectures and platforms that provide effective substitutes for current technology.
The Place of Apple and Google in the AI World
With significant releases anticipated in 2024, all eyes will be on Apple and Google. The AI environment may change as a result of Google’s significant expenditures in Gemini and Apple’s possible release of Ajax GPT, its own language model. These digital behemoths may have an impact on AI policy in the United States as well as the ecosystem.
Getting Around in the AI World
Divergent forecasts and a general consensus that 2024 will be a turning point for AI have the industry ready for seismic changes. With generative models giving way to multimodal capabilities, open source technology democratizing technology, and continuous GPU shortages posing a barrier, artificial intelligence players are gearing up for a year that might significantly impact the field’s future.
