Predictions for generative AI in its second year, including integration of AI tools, efficiencies in consumer-facing AI, impact on non-technical teams, increased model customization, and influence on employees and business outcomes.
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Quick takeaways
By the end of 2024, AI agents will transform daily communications by filtering and summarizing messages and responding on behalf of users, revolutionizing email management.
Generative AI tools are being integrated into workflows, saving time by eliminating mundane tasks and delivering immediate business value in functions like sales, marketing, and operations.
Deep dives
The Transformation of Digital Lives Through AI Agents
Jeremiah Aoyang, a partner at Blitzkaling Ventures, predicts that by the end of 2024, AI agents will transform our daily communications. These agents will initially filter, highlight, and summarize messages. Over time, as they analyze our history, understand context, and incorporate feedback, we will trust them to respond on our behalf. This transformation will revolutionize how we manage emails and bring new guidelines and rules for communication.
The Shift Towards Integration of Generative AI
Businesses are increasingly focused on integrating AI tools into their workflows. Cameron Adams, co-founder of Canva, emphasizes the need for generative AI tools to bridge the gap to the masses by integrating into their actual workflows, saving time by eliminating mundane tasks. Tim Davis, co-founder of Modular, highlights the wide range of high-cost functions, like sales, marketing, and operations, that are benefiting from generative AI adoption. This integration is delivering immediate business value and is expected to accelerate in the coming months and years.
Expanding AI Adoption and Customization in Various Fields
Generative AI is not only streamlining existing processes but also enabling non-technical teams to engage in coding and customizing AI models. Brendan Burke, emerging technology analyst at pitchbook, notes the increasing investment in generative AI for coding, enabling product designers and operational teams to automate software development. David Haber, CEO of La Cara, predicts that as AI training costs drop, businesses will tailor models to meet unique operational challenges, revolutionizing sectors like engineering, marketing, and HR. These advancements mark the beginning of a new business playbook, catalyzing innovation and improving efficiency.
Thursday was the one-year anniversary of ChatGPT. NLW reads (with the help of ElevenLabs) a group of predictions around what year 2 for generative AI will look like.
Read the predictions: https://www.fastcompany.com/90989785/what-year-2-of-the-generative-ai-craze-will-look-like-according-to-41-experts
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