AI predictions for 2024
We scoured the internet to find all the AI related predictions for 2024 (at least from people that might know what they are talking about), and, in this episode, we talk about some of the common themes. We also take a moment to look back at 2023 commenting with some distance on a crazy AI year.
Matched from the episode's transcript š
Daniel Whitenack: Iāve found some of the comments on specific ones of these interesting from particular people that are especially well-positioned to comment on some of these items. So for example, the number five one, the focus on small language models, but also with the perspective of becoming more economical, and cost and compute-efficient⦠Clem from Hugging Face, the CEO, made a video which is really nice; I recommend everyone watch that on Twitter, or other places that itās posted⦠But he made some comments about his prediction that one of the hyped AI companies - certainly a lot of them now - would go bankrupt in 2024, or get acquired for a low price. And he tied that in with the comments along the lines of cost efficiency, and focusing on cost of running these models⦠Because yeah, you likely have a lot of startups that have raised big money; their compute costs are probably astronomical, because theyāre running these large models at scale, and hoping that their margins get better over time⦠But once you make the shift to open models and cost-efficient models, that may not work out in their favor, and so the ability for people to run models in their own infrastructure, run more cost-efficient models - thatās not going to play out well for certain people. But it will play out well generally for the costs of running these sorts of systems in enterprises, whether that be ā it still could be a software system that runs LLMs and is self-hosted within an enterprise, but itās going to be much more cost-efficient to do that, especially for those that are wanting to pull some of that in, not rely on external systems, be more privacy-conserving, not have data leave their infrastructure⦠Thatās going to become more and more possible.
So yeah, I thought it was interesting how Clem tied together some of his predictions around yes, being more cost and compute efficient, which is a benefit to the climate, for those that are thinking about those things, but also cost-efficient in terms of enterprise and operational costs⦠And how the focus on that will not work out that great for certain of these kind of hyped AI plays.