Apologies for the confusion. Here are the 10 predictions for the impact of Generative AI (GenAI) in 2024:
1. Global AI legislation: Anticipation for the need for national AI laws and increased discussions on global AI regulations in 2024.
2. Dominance of U.S. tech giants: U.S. companies, particularly in hardware and large language models, will dominate the GenAI landscape. Google’s Gemini AI emerges as a strong challenger to OpenAI.
3. Limited contenders from India: India lags in the GenAI space unless it actively engages in strategic acquisitions. However, there are optimistic prospects for Indian startups focusing on niche GenAI applications such as generative audio or video.
4. Surge in generative video adoption: Startups, especially in marketing and advertising, will increasingly adopt generative video in the next decade. The high hardware costs associated with generative video will be addressed by innovations like Nvidia’s Gen AI-specific data centers.
5. Impact on education and entertainment: AI-generated audio and video will lead to increased content production and engagement in the digital entertainment space. Ed-tech startups will also be influenced by AI’s capabilities.
6. Revolutionizing software development: No-code startups like Akkio will simplify software development processes. However, concerns arise regarding potential cybersecurity challenges and misuse of these platforms for malicious purposes.
7. Disruption in the SaaS landscape: AI-generated software will challenge established players in the software-as-a-service (SaaS) industry, potentially disrupting the market.
8. Multimodal AI models for natural interactions: Multimodal AI models, capable of integrating and processing various data types, will enable more natural and intuitive interactions with computers. OpenAI’s ChatGPT Vision and Meta’s integrative models are examples of this technology.
9. Focus on India-specific challenges: Vertical generative AI will address India-specific challenges, with Indian startups building cost-effective niche models on top of global ones, leveraging local data.
10. Impact on creative domains: Generative AI will have a significant impact on creative fields such as art, music, and design. Artists and designers will gain new sources of inspiration and collaboration, enabling the creation of novel forms of art and music.
It’s important to note that these predictions are speculative and based on current trends and developments in the field of generative AI. The actual outcomes in 2024 may vary.
