"Tech Experts' Bold AI Predictions for 2024"

In 2024, Nvidia is predicted to counter the competition from major cloud providers like Amazon, Microsoft, and Google, who are developing their own AI chips, by offering its own cloud services and operating its own data centers. The beleaguered AI startup Stability AI is expected to shut down due to talent hemorrhaging and an inability to raise additional funds. The terms "large language model" and "LLM" will become less common as AI models become increasingly multimodal. Closed AI models are predicted to continue outperforming open models, and Fortune 500 companies are expected to create the role of Chief AI Officer. An alternative to the transformer architecture may gain adoption, and regulatory challenges may arise regarding strategic investments from cloud providers into AI startups. The Microsoft/OpenAI relationship is predicted to face strain, and some of the hype around AI may shift back to crypto. Additionally, legal challenges may arise as courts rule on whether generative AI models trained on copyrighted content violate copyright laws.