Posted 12/30/2023, 11:00:00 AM
AI's Breakout Year Tempered by Big Tech Dominance and Regulatory Moves
- AI had a breakout year in 2023 with milestones like ChatGPT hitting 100M users and companies like Amazon and Google developing their own models
- AI dealmaking declined 29% in Q3, indicating the market is slowing as Big Tech dominates and valuations fluctuate
- Research found AI will change rather than eliminate jobs, shifting the employment narrative
- New regulations mandated disclosures when political ads are altered by AI, increasing scrutiny
- The launch of Humane's AI Pin shows ongoing experimentation in consumer AI, though impact remains uncertain