2024 AI PREDICTIONS
PREDICTIONS 2024 AI
ENTERPRISE AI 11. ENTERPRISE ADOPTION OF GENAI Over 80% of Fortune 100 companies will implement GenAI infused use cases, as risks related to privacy and compliance get mitigated. 12. E NHANCED ENTERPRISE AND WEBSITE SEARCH
APPLICATION AREAS
16. MISINFORMATION AND FAKE DETECTOR TOOLS
Anticipating the 2024 elections, major social media platform will introduce advanced AI generated/fake content detection tools . 17. AI MEDIA CREATION Text-to-video, image upscaling and image-to- video technologies will become mainstream, revolutionizing content creation. 18. AI IN ENTERTAINMENT Expect at least one AI-generated idea of screenplay and movie this year. 19. AI IN CYBERSECURITY Both offensive and defensive cybersecurity strategies will increasingly rely on advanced AI, with nation-states actively participating. 20. AI APP STORE BUSINESS MODEL A new ecostystem will emerge, reminiscent of Google Play or Apple Store, encouraging use of foundation models by content creators and app developers.
Powered by GenAl, enterprise search and website search experience will improve substantially.
BY SRIKANTH VELAMAKANNI
13. E NTERPRISE BI + AI
Business intelligence and knowledge management will come together to offer insights, predictions and recommendations. 14. A I ASSISTANTS IN CODING Near-universal adoption of these tools will boost productivity by approximately 30% in coding tasks. 15. A I AUTOMATION VS. RPA Al automation will eclipse traditional RPA platforms.
MACRO-ECONOMICS AND STARTUPS 6. PRODUCTIVITY BOOST ACROSS SECTORS AI assistants, apps and agents will enhance productivity in repretitive cognitive and creative tasks. 7. J OBLESS GROWTH IN KEY SECTORS Due to the above, we will witness growth without corresponding job creation in sectors reliant on repetitive cognitive and creative skills. 8. R EDUCED FUNDING SIZES IN EARLY STAGES AI leverage will lower the costs of building and launching products, affecting early-stage funding requirements. 9. COSTLIER HORIZONTAL AI COMPANIES Establishing broad-scope AI companies like DeepMind or OpenAi will become more expensive due to higher talent and training costs. 10. A I AGENTS GONE ROGUE Expect more news of AI mishaps, ranging from comical to serious.
LLMS AND FOUNDATION MODELS 1. FOUNDATION MODELS RACE WILL HEAT UP Gemini will launch before February, and GPT-5 will surpass it by March. 2. OPEN-SOURCE & THEIR AI MODELS These will substantially improve, nearing GPT-4’s capabilities. 3. REDUCED TOKEN COSTS A dramatic drop of over 75% in the cost of Al tokens compared to 2023. 4. F OUNDATION MODELS VS DOMAIN SPECIFIC MODELS Foundation models will continue to challenge domain-specific ones, yet hybrid approaches will remain valuable. 5. RISE OF AI AGENTS Customizable Al agents will simplify task automation, decision-making, and information retrieval for everyday users.
Srikanth Velamakanni Co-Founder, Group Chief Executive, and Vice Chairman, Fractal
18
19
Volume 8 ai:sight by Fractal
ai:sight by Fractal Volume 8
Made with FlippingBook - PDF hosting