Artificial Intelligence (AI) continues to revolutionize the business world and our daily lives, with advancements in technology like ChatGPT and Devin paving the way for new solutions and autonomous applications. As we look ahead to 2024, the possibilities for AI seem endless.
At The Institute, a collaborative effort led by capital Group 11 to enhance Israel’s competitive edge in AI, Yoav Shoham shared insights into the future of AI. Partnered with Ben-Gurion University of the Negev, the IDF’s 8200 intelligence unit, and companies like Microsoft and NVIDIA, The Institute is at the forefront of AI innovation.
Shoham predicts a surge in AI deployments by companies by the end of 2024, as businesses begin to understand the cost-saving potential of AI technology. He anticipates a widespread adoption of AI across various industries, with companies experimenting to integrate AI into their business models.
In terms of technological advancements, Shoham foresees the rise of AI systems that incorporate additional tools and improvements in existing models through larger training sequences. He also expects the development of small language models (SLMs) tailored for specific tasks, enhancing their problem-solving capabilities.
As we approach 2024, the world of AI is poised for significant growth and transformation. With companies increasingly embracing AI technologies and ongoing innovations in the field, the future looks bright for the continued evolution of artificial intelligence. Stay tuned for more updates on the latest AI developments.