Introduction
As Web3 passionate we all know that 2020 and 2021 were the years of Bitcoin, blockchain and web3 related topics.
The 2023 started with ChatGPT and the hype of AI as the problem-solver technology.
Now that the years is coming to an end, what will be the next technology that monopolize our market?
In this blog post, we will explore the key elements of a GP Bullhound’s Technology Predictions for 2024. We will summarize each chapter and highlight the main key points.
By the end of this post, you will have a better understanding of the potential technologies that could rule the 2024.
Large Language Models become smaller, disrupting the AI market
The first prediction of the report focuses on large language models (LLMs) and their impact on the AI market. The prediction suggests that LLMs will become smaller, disrupting the AI market and making it more accessible to smaller companies and individuals.
One of the key takeaways from this prediction is that LLMs are becoming more accessible and easier to use. This is likely to lead to increased innovation and competition in the AI market, as smaller companies and individuals are able to develop their own AI models.
However, there are also concerns about the potential misuse of AI, and it is important to address these concerns as AI continues to develop.
Bits to billions: legacy data spurs acquisition boom
The second prediction of the report focuses on the acquisition of legacy data. The prediction suggests that the acquisition of legacy data will spur a boom in acquisitions, as companies look to gain a competitive advantage by acquiring valuable data. One of the key takeaways from this prediction is that data is becoming increasingly valuable.
As companies look to gain a competitive advantage, they are likely to invest heavily in acquiring valuable data.
However, there are also concerns about the privacy implications of data acquisition, and it is important to address these concerns as data continues to become more valuable.
Private sector to spearhead space revitalisation
The third prediction of the report focuses on the revitalization of the space industry. The prediction suggests that the private sector will spearhead the revitalization of the space industry, as companies look to capitalize on the potential for space exploration and commercialization.
One of the key takeaways from this prediction is that the space industry is becoming increasingly commercialized. As companies look to capitalize on the potential for space exploration and commercialization, they are likely to invest heavily in space-related technologies and services.
However, there are also concerns about the environmental impact of space exploration, and it is important to address these concerns as the space industry continues to develop.
The rise of authenticity as creators challenge AI
The fourth prediction of the report focuses on the rise of authenticity in the creative industry. The prediction suggests that creators will challenge AI by focusing on authenticity and originality, rather than relying on AI-generated content.
One of the key takeaways from this prediction is that authenticity is becoming increasingly important in the creative industry. As creators look to differentiate themselves from AI-generated content, they are likely to focus on authenticity and originality.
However, there are also concerns about the impact of AI on the creative industry, and it is important to address these concerns as AI continues to develop.
AR/VR & AI fuel a surge in immersive education investments
The fifth prediction of the report focuses on the potential for immersive education. The prediction suggests that the combination of augmented reality (AR), virtual reality (VR), and AI will fuel a surge in immersive education investments.
One of the key takeaways from this prediction is that immersive education is becoming increasingly popular. As technology continues to develop, it is likely that immersive education will become more accessible and more effective.
However, there are also concerns about the potential for technology to replace traditional education methods, and it is important to address these concerns as immersive education continues to develop.
Apple’s expanded subscription service with ad-free search engine
The sixth prediction of the report focuses on Apple’s subscription service. The prediction suggests that Apple will expand its subscription service to include an ad-free search engine, providing a more personalized and streamlined user experience.
Subscription services are becoming increasingly popular. As companies look to provide a more personalized and streamlined user experience, they are likely to invest heavily in subscription services.
Concerns are about the potential for subscription services to limit user choice and competition, and it is important to address these concerns as subscription services continue to develop.
Anti-money laundering and payment protections come center-stage
The seventh prediction of the report focuses on anti-money laundering (AML) and payment protections. The prediction suggests that AML and payment protections will come center-stage, as companies look to address the growing concerns around financial crime and fraud.
AML and payment protections are becoming increasingly important. As financial crime and fraud continue to grow, it is important for companies to invest in AML and payment protections to protect their customers and their business.
However, AML and payment protections can potentially limit financial privacy and freedom, and it is important to address these concerns as AML and payment protections continue to develop.
AI is reshaping media with personalized content and acquisitions
The eighth prediction of the report focuses on the impact of AI on the media industry. The prediction suggests that AI is reshaping the media industry by providing personalized content and driving acquisitions.
As AI is becoming increasingly important in the media industry, companies look to provide a more personalized user experience and are likely to invest heavily in AI-driven content and acquisitions.
However, AI can limit user choice and diversity in the media industry, and it is important to address these concerns as AI continues to develop.
AI race escalates semiconductor shortage
The ninth prediction of the report focuses on the impact of AI on the semiconductor industry. The prediction suggests that the AI race is escalating the semiconductor shortage, as companies look to invest heavily in AI-related technologies.
Semiconductor industry is becoming increasingly important in the development of AI. As companies look to invest heavily in AI-related technologies, they are likely to face a shortage of semiconductors.
The semiconductor shortage is a well-known crisis that is limiting innovation and competition in the AI industry, and it is important to address these concerns as the semiconductor industry continues to develop.
Acceleration of carbon accounting as new regulations loom
The final prediction of the report focuses on the impact of new regulations on carbon accounting. The prediction suggests that the acceleration of carbon accounting will become increasingly important as new regulations loom.
As companies look to comply with new regulations, they are likely to invest heavily in carbon accounting technologies and services.
On the other hand, they can limit innovation and competition in the energy industry, and it is important to address these concerns.
Conclusion
In conclusion, as passionate about Web3 and blockchain, is interesting to notice that cryptocurrencies and related topics are not mentioned in this report. Some small references have been done to AML and KYC and companies like Elliptic and Civic that could address them.
What are your thought about the report and its predictions?
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