2024 Outlook: Growth Pains and Gains as AI, Bitcoin, Manufacturing Advance
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Legacy growth deals from 2020-2022 will face repricing and write-offs in 2024 as business model issues emerge. This will bring some pain but reset inflated valuations.
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Bitcoin's first ETF approval in early 2024 will boost liquidity and reduce volatility, bringing opportunities for bitcoin startups facilitating institutional adoption.
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AI hype will fade as challenges around costs and regulations of large language models emerge, but viable real-world use cases will start to appear.
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Smart manufacturing solutions combining IoT, computer vision and AI will enable efficiency improvements, waste reductions, and supply chain enhancements.
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Hardtech engineering breakthroughs will gain more VC interest as software alone cannot solve major challenges like climate change and the energy transition.