AI Domination in Business

Rise and shine, Trendsetters! ☀️

Ready to dive into the hottest trends bubbling just below the surface?

• Is OpenAI’s GPT-shift leaving developers in the dust?

• Can India become the EV capital of the world amidst its 2024 challenges?

• Will AI dominate business in 2024?

• Can AI-Piloted Systems Take Command of the Battlefield?

• Words Worth Billions? New York Times vs. AI - The Copyright Battle of the Century.

• Privacy Paradox: Google Pays $5 Billion for “Incognito“ Snooping - Are You Truly Invisible?

• Cheers or Tears? AI Predicts a Complex Future - Will we Raise Glasses or Sound Alarms?

Buckle up Trendsetters, it’s gonna be a wild ride

#Trend 1 || AI
OpenAI’s Pivot: Developers Discontent as Company Shifts from Plugins to GPTs

OpenAI's recent move to transition from ChatGPT plugins to GPTs has sparked discontent among developers. The company's email to plugin developers, just before the Christmas weekend, requested them to convert their work into GPTs. This has led to concerns and frustration within the developer community, as GPTs and plugins serve the same purpose but differ in their approach.

While GPTs offer a no-code chat interface within ChatGPT, plugins are built with code outside of the platform, providing more functionality. Despite assurances that plugins are not going away immediately, developers are apprehensive about the future. OpenAI's decision to prioritize GPTs over plugins, coupled with previous actions such as removing plugins from the ChatGPT home screen, has left many developers feeling unsettled.

The company's efforts to make AI agents more consumer-friendly through the GPT Store have raised questions about the impact on the developer community. This move, along with previous decisions that have affected developers, has led to comparisons with Apple's approach of prioritizing consumer appeal over developer preferences.

Trend Insights

The discontent among developers highlights the delicate balance that OpenAI must maintain between catering to consumer needs and retaining the support of the developer community. This situation underscores the challenges faced by companies seeking to navigate the evolving landscape of AI development and adoption.

#Trend 2 || AI Startup
Shield AI: Transforming Defense Tech with AI-Piloted Systems

Defense tech startup Shield AI has raised an additional $300 million in equity and debt, bringing its total Series F funding round to $500 million.

The San Diego-based company is building an "AI pilot" to turn aircraft into autonomous systems, with its flagship product, Hivemind, allowing teams of aircraft to operate independently of remote operators, communications, or GPS.

The company's recent launch of V-BAT Teams, a software product that operates with Hivemind, enables teams of V-BAT drones to execute missions autonomously and in coordination.

Trend Insights

Shield AI's latest funding round reflects the growing importance of AI-piloted systems in the country's overall deterrence strategy. The company's valuation now stands at $2.8 billion, up from $2.7 billion in November.

#Trend 3 || AI
New York Times’ Lawsit Sparks Debate: Copyright Battles in the Era of AI

The New York Times has filed a lawsuit against OpenAI and Microsoft, alleging that the companies used copyrighted data from the newspaper to train AI models without payment.

The lawsuit claims that ChatGPT and Bing Chat reproduce verbatim copies of The New York Times articles, allowing users to bypass the newspaper's paywall. The lawsuit seeks to hold the companies accountable for "billions of dollars in statutory and actual damages" and requests the destruction of all GPT or other LLM models and training sets that incorporate Times Works.

Trend Insights

The decision in this case could shape the landscape of generative AI and determine the trajectory of tech giants in this evolving domain.

#Trend 4 || Business
India's EV Revolution: Accelerating Growth Amidst Challenges in 2024

India's automotive industry is making a green shift, eyeing alternative fuels to combat pollution. In 2023, the country sold a whopping 24 million vehicles, with over 1.5 million being EVs, marking a 47% increase from the previous year. Despite this growth, investments in India's EV market dipped by 52% from $2.1 billion in 2022 to $1 billion in 2023, hinting at a challenging capital flow.

2024 holds a pivotal role as India, the third-largest auto market, strives to lure foreign EV giants like Tesla while supporting local startups. Global players are eyeing India's potential, with the government crafting new policies to attract foreign carmakers and bolster the domestic EV scene.

Exciting times ahead as the Indian EV landscape evolves, presenting a dynamic mix of challenges and opportunities for both local and global players.

Trend Insights

According to Spherical Insights, India's electric vehicle (EV) market is expected to reach $161.12 billion by 2032. This would be a compound annual growth rate (CAGR) of 47.9% from 2022 to 2032.

#Trend 5 || Business
2024: Generative AI’s Dominance in Business

McKinsey predicts that generative AI (GenAI) will continue to dominate the AI business landscape in 2024, with exponential growth worldwide.

McKinsey estimates that GenAI could add $2.6tn to $4.4tn to the global economy annually by 2030. However, McKinsey emphasizes the need for robust safety measures in GenAI implementation, including ethical AI development, accountability, and ongoing regulatory adaptation.

McKinsey advises CEOs to figure out which parts of the business can benefit from GenAI, how to scale from one application to many, and how the new tools will reshape their industry.

#Trend 6 || Technology
Google Settles $5 Billion Privacy Lawsuit Over ‘Incognito‘ Mode Tracking

Google has agreed to settle a $5 billion privacy lawsuit that accused the company of spying on users who used the "incognito" mode in its browser. The lawsuit claimed that Google misled users into thinking that their internet activities using the "incognito mode" on its Google Chrome browser could not be tracked. However, Google's advertising technologies and other techniques continued to catalog details of users' site visits and activities despite their use of supposedly "private" browsing. The settlement is still subject to approval by a federal judge, and the terms have not been fully disclosed.

#Trend 7 || EXTRAS
AI Prediction: Champagne and Climate Change

Champagne may face a shortage due to climate change, according to ClimateAI, a climate resilience platform based in San Francisco. The company's AI-driven data suggests that hundreds of grape varieties, including champagne-making grapes like pinot noir, chardonnay, and merlot, could be on the brink of extinction. This could lead to a significant economic shift in the wine industry, especially in Italian regions where the production of certain wines is at risk.

To adapt to these changing conditions, growers are advised to blend different grape varieties or adjust their cultivation and protection methods. AI technology is also being used to improve forecasting accuracy and help wineries make more strategic decisions about where and how to grow grapes. For example, AI-powered systems can monitor and adjust fermentation conditions in real-time, ensuring consistency and superior quality across wine batches.

Trend Insights

AI predicts that champagne and other wine industries may face challenges due to climate change, but adapting to these changes through innovative technologies and strategic decision-making can help ensure the continued production of high-quality wines.