Merry Christmas and New Year Background in modern technological style. Cyborg Christmas decoration … [+]
Well, in the field of AI, it has indeed been a year full of advancements and disappointments. I wrote the list of naughty and nice Santas yesterday and you can read those thoughts here.
For 2024, my top 13 AI predictions are:
- AI ethics bills will finally start to be legalized in the EU by Q4 2024, but I don’t expect the US or Canada to finalize their new laws until 2025, but I hope I’m wrong. The good news is that more and more AI ethical safeguards are laying a firmer foundation.
- Generative AI will continue to become widespread and stock prices will continue to grow in 2024 among tech giants. If 2023 is any indicator for 2024, an equal-weighted index of the stock prices of Alphabet, Amazon, Apple, Meta, Microsoft and Nvidia is already up nearly 80%.
- Global spending on AI will exceed $200 billion by the end of 2024.
- Boards of Directors will finally increase their training in AI and cybersecurity given the increasing risks of AI models classified as high risk and impending third-party audits.
- More CTOs will rise to CEO positions, especially in Publicly traded companies continue to learn. Technology and AI will impact all business processes as we find ourselves in a major period of disruptive transformation. Technology skills will continue to be in high demand.
- Mental health and wellness insurance claims will continue to accelerate and will not decrease due to increasing rates of anxiety and depression. Our world is plunged into a serious health crisis and our teenagers’ dependence on technology is increasing year by year, so our new talents entering our job market are not happy. Already 20 to 30% of employees wake up sad or angry. Hence the investments in Mindfulness AI Products to advance employee engagement will grow.
- Venture capitalists will enter a healthier investment climate in 2024, after the bruising year of 2023, where capital flows declined by more than 60% in most segments, and many AI unicorns went bankrupt, impacting capital confidence- risk. See here. That being said, the year 2023 for AI startups has remained stable and the outlook for 2024 remains. positive. Basic Crunch reported that one in four dollars invested went to AI startups.
- Consider Microsoft Co-Pilot and Smarter AI Agents become mainstream, becoming more robust and intelligent. Global Market Insights reports that the autonomous AI and autonomous agents market size was valued at US$ 4.2 billion in 2022 and is expected to register a CAGR of over 36.5% between 2023 and 2032. Companies in the The world is increasingly integrating AI into their operations, propelling market growth.
- $4.2 billion in 2022 and is expected to register a CAGR of over 36.5% between 2023 and 2032. Companies across the world are increasingly integrating AI into their operations, propelling the market growth.
- We will continue to see CEOs winning appeal position their AI investments. and trumpet their horns of AI innovation. We’ve already seen a 2-6x increase: between Q4 2022 and Q1 2023, tech executives’ use of “AI”, “generative AI” and “machine learning ยป during earnings calls (WestMore Technical Report 2023)
- We will see more experienced AI practitioners and AI ethicists added to formal boards. focus on the risk of AI data bias and address some of the major challenges eloquently discussed in Dr. Joy Buolamwini’s new book, Unmasking AI.
- Copyright lawsuits will increase by more than 300% compared to generative AI, as larger language models will increasingly be subject to legal and ethical scrutiny after training their AI models on copyrighted content.
- Sam Altman will keep his job for at least another year, as CEO of OpenAI, after the dramatic scuffles during the recent boardroom debacle.