FEATURE
01 10 AI TRENDS TO WATCH OUT FOR IN 2024 GENERA TION AI
Generative AI (GenAI) burst onto the global stage last year and quickly became the star of the show. This young technology holds endless potential, and we’ve only just begun to see what it can do. So, what does 2024 have in store? Fractal and its customers have identified some key trends for this year.
Meanwhile, foundation models that can work across various tasks and problems will continue to challenge domain-specific ones – although Velamakanni foresees that hybrid approaches will remain valuable. “THIS TECHNOLOGY SHOWS NO SIGN OF SLOWING DOWN.”
“We’re right at the start of development for GenAI and it’s already clear that it’s a powerful tool for enhancing productivity,” comments Charles Allen, senior advisor, digital operations at asset management firm TPG Global. “Other technologies, such as blockchain and quantum computing, are attracting interest among governments and financial institutions, but these will take a few years to establish. GenAI is moving faster. In the next 12 months, we’ll see all kinds of use cases related to its reading, writing, research, and language processing capabilities.”
A YEAR OF ACCELERATION Those new to GenAI had better get up to speed because this technology shows no sign of slowing down. “This year, the GenAI foundation models race will heat up with the launch of Gemini before February and GPT-5 surpassing it by March,” says Srikanth Velamakanni, co- founder, group chief executive, and vice chairman of Fractal. “We’ll also see substantial improvements to open-source offerings and their AI models, which will come close to GPT-4’s capabilities. 2024 will also bring the rise of customizable AI agents that simplify task automation, decision-making, and information retrieval for everyday users.”
Srikanth Velamakanni Co-Founder, Group Chief Executive, and Vice Chairman, Fractal
“GENAI MARKS A TRANSFORMATIVE LEAP IN PRODUCTIVITY.”
Charles Allen Senior Advisor, Digital Operations at Asset Management Firm, TPG Global
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Volume 8 ai:sight by Fractal
ai:sight by Fractal Volume 8
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