The article also mentions that large companies like Microsoft, NVIDIA, and Meta are planning significant investments in AI in 2024. However, the adoption process is expected to be slow and controlled, similar to the adoption of Microsoft's early operating system or the cloud. The author also predicts an increase in AI experimentation, with organizations building custom applications for internal use. Despite the hype, the author cautions that computers will never replace human intelligence and contextual understanding, which are crucial for incorporating AI into business operations.
Key takeaways:
- Generative AI is expected to be incorporated by nearly 80% of companies within two years, but the real productivity boom from AI will take years to materialize.
- Every technology company should focus on developing products and services for AI challenges and invest in an internal accelerator for AI consumption and automation to fuel innovation.
- Big companies like Microsoft, NVIDIA, and Meta claim AI will be their biggest investment in 2024, but the benefits of AI will take time to materialize.
- Organizations will experiment more with AI to build custom applications for their internal teams, but the full potential of this technology and the true productivity boom is still far from realization.