AI Buzz Slows as Focus Shifts to Applications and Regulation Ramps Up; Uber Joins S&P 500 While Greyhound Closures Accelerate
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AI was a major buzzword in 2023, but growth may slow in 2024 as focus shifts from foundational models to specialized, industry-specific AI applications.
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Regulation and safety governance of AI will likely increase in 2024 amid fears over potential societal impacts.
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Venture capital investment may shift from general AI platforms to vertical AI applications that solve specific business problems.
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Uber reaching a $127 billion valuation cements its status as a major player and stable stock, leading to its addition to the S&P 500 index.
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Closures of Greyhound bus terminals across the U.S. owned by hedge fund Alden Global Capital are accelerating, eliminating a vital transportation network.