As we leap into 2025, AI is sprinting forward, reshaping industries, careers, and the way we stay. Again in 2024, Srikanth Velamakanni, Fractal.ai’s co-founder, made daring AI predictions. Did they hit the mark? Let’s discover out!
Srikanth Velamakanni’s 2024 Predictions
The primary 5 predictions targeted on Massive Language Fashions (LLMs) and Basis Fashions. Right here’s what he envisioned and the place we stand right now.
The Basis Mannequin Race will Warmth-up
The competitors to create essentially the most highly effective AI fashions is accelerating. Gemini, a brand new AI mannequin, was anticipated to launch earlier than February. Nonetheless, the prediction that GPT-5 would surpass Gemini by March turned out to be partially true.
Verdict: Partaily True 🔄
Open-Supply AI Fashions will Develop
Open-source AI fashions are enhancing quickly and at the moment are near the capabilities of GPT-4. This prediction turned out to be true, as developments in open-source fashions have made them extra accessible and highly effective.
Verdict: True ✅
Diminished Token Prices
The price of utilizing AI instruments has considerably dropped, with a discount of over 75% in comparison with 2023. This prediction was additionally true, making AI extra inexpensive for companies and builders.
Verdict: True ✅
Basis Fashions vs. Area-Particular Fashions
Normal-purpose AI fashions (basis fashions) are nonetheless competing with specialised fashions designed for particular duties. Nonetheless, hybrid approaches that mix each have confirmed to be priceless. This prediction is true as each approaches proceed to coexist and complement one another.
Verdict: Partaily True 🔄
Rise of AI Brokers
Customizable AI brokers, which simplify process automation, decision-making, and data retrieval, have gained reputation. This prediction is true, as these brokers are more and more used throughout numerous industries to streamline workflows.
Verdict: True ✅
The following 5 predictions concentrate on microeconomics and startups.
Productiveness Enhance Throughout Sectors
AI assistants, functions, and brokers are anticipated to considerably enhance productiveness by dealing with repetitive and inventive duties. This prediction turned out to be true as AI helps industries work quicker and extra effectively.
Verdict: True ✅
Jobless Progress in Key Sectors
Whereas industries are rising on account of AI developments, this progress just isn’t essentially creating extra jobs. The prediction that many sectors would see jobless progress is partially true, as some industries are experiencing this pattern whereas others usually are not.
Verdict: Partaily True 🔄
Diminished Funding Sizes in Early Levels
It was predicted that early-stage startups would require much less funding as a result of AI makes it cheaper to construct and launch merchandise. Nonetheless, this turned out to be false, as funding necessities stay vital in lots of circumstances.
Verdict: False ❌
Costlier Horizontal AI Corporations
Corporations that purpose to construct broad-scope AI options, like DeepMind or OpenAI, have gotten dearer to run on account of rising expertise and coaching prices. This prediction is true because the assets wanted to create such superior programs proceed to develop.
Verdict: True ✅
AI Brokers Gone Rogue
The expectation of widespread information about AI mishaps, starting from humorous errors to severe points, has been particially true. Whereas there have been occasional mishaps, they haven’t been as frequent or extreme as anticipated.
Verdict: Partaily True 🔄
The following 5 predictions concentrate on enterprise AI, showcasing its rising function in reworking enterprise features. Whereas some developments have surpassed expectations, others are nonetheless a piece in progress.
Enterprise Adoption of Generative AI
Over 80% of high firms, like these within the Fortune 100, are anticipated to start out utilizing Generative AI for numerous duties as privateness and compliance dangers are addressed. This prediction is true as many enterprises have already embraced Generative AI of their operations.
Verdict: True ✅
Enhanced Enterprise and Web site Search
Generative AI is predicted to make looking out inside firms and on web sites far more environment friendly and efficient. This prediction is true as AI-powered search instruments have gotten considerably higher.
Verdict: True ✅
Enterprise BI + AI
The mix of Enterprise Intelligence (BI) and Synthetic Intelligence (AI) will enhance predictions, insights, and suggestions for companies. This prediction can be true as extra enterprises are leveraging this highly effective duo to make data-driven selections.
Verdict: True ✅
AI Assistants in Coding
Instruments that help in coding, powered by AI, had been predicted to spice up productiveness by round 30%. This prediction is partially true, as adoption has grown however hasn’t reached common ranges but.
Verdict: Partaily True 🔄
AI Automation vs. RPA
It was anticipated that AI automation would utterly change conventional Robotic Course of Automation (RPA) platforms. This prediction turned out to be false, as RPA continues to be extensively used alongside AI options.
Verdict: False ❌
The ultimate set of predictions dives into particular software areas.
Misinformation and Faux Detector Instruments
With the 2024 US elections approaching, it was predicted that main social media platforms would introduce superior AI instruments to detect pretend or deceptive content material. This prediction is true as platforms are certainly enhancing their detection capabilities to fight misinformation.
Verdict: True ✅
AI Media Creation
AI-powered instruments for creating text-to-video, picture enhancement, and changing pictures into movies had been anticipated to turn out to be extensively used, revolutionizing content material creation. This prediction is true, as these applied sciences at the moment are mainstream and reworking inventive industries.
Verdict: True ✅
AI in Leisure
It was predicted that at the least one AI-generated idea would end in a full film, ranging from an concept to a screenplay to manufacturing. This prediction turned out to be false as there hasn’t been a completely AI-created film but.
Verdict: False ❌
AI in Cybersecurity
Each offensive and defensive cybersecurity methods had been anticipated to rely extra on superior AI, with energetic participation from governments. This prediction is true as AI is more and more utilized in cybersecurity to establish threats and forestall assaults.
Verdict: True ✅
AI App Retailer Enterprise Mannequin
A brand new market for AI instruments and fashions, much like the Google Play or Apple App Retailer, was anticipated to emerge, encouraging builders to make use of basis fashions. This prediction is fake as no such ecosystem has been totally established but.
Verdict: False ❌
Finish Word
The abstract of the above predictions is:
✅ 14/20 Predictions: 𝗧𝗿𝘂𝗲
🔄 3/20 Predictions: 𝗣𝗮𝗿𝘁𝗶𝗮𝗹𝗹𝘆 𝗧𝗿𝘂𝗲
❌ 3/20 Predictions: 𝗙𝗮𝗹𝘀𝗲
Srikanth Velamakanni’s 2024 AI predictions highlighted the transformative potential of synthetic intelligence throughout industries. As we enter 2025, many of those forecasts have materialized, with developments in generative AI, enterprise instruments, and AI-driven media creation.
Keep tuned to Analytics Vidhya Information for extra such updates.
As an Tutorial Designer at Analytics Vidhya, Diksha has expertise creating dynamic instructional content material on the most recent applied sciences and traits in knowledge science. With a knack for crafting partaking, cutting-edge content material, Diksha empowers learners to navigate and excel within the evolving tech panorama, guaranteeing instructional excellence on this quickly advancing subject.
