AI Faces More Scrutiny and Specialization in 2024 as Hype Cools and Big Players Ramp Up
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Funding and valuations for AI startups will face more scrutiny in 2024 as the hype cools off. Many companies may struggle or get acquired.
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AI is not likely to eliminate jobs in 2024, but people will need to embrace more automation and AI assistants.
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Large language models will shrink and be surpassed by more specialized, efficient models tailored to specific domains.
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Major players like Meta and Amazon will ramp up investments in AI, with Amazon potentially launching AI search.
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Issues around AI ethics and safety, like weaponization and bans on AI legal assistants, will gain more attention.