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 centered on Massive Language Fashions (LLMs) and Basis Fashions. Right here’s what he envisioned and the place we stand as we speak.
The Basis Mannequin Race will Warmth-up
The competitors to create probably 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 reasonably priced for companies and builders.
Verdict: True ✅
Basis Fashions vs. Area-Particular Fashions
Common-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 invaluable. 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 activity automation, decision-making, and data retrieval, have gained recognition. This prediction is true, as these brokers are more and more used throughout varied industries to streamline workflows.
Verdict: True ✅
The following 5 predictions concentrate on microeconomics and startups.
Productiveness Enhance Throughout Sectors
AI assistants, purposes, and brokers are anticipated to considerably enhance productiveness by dealing with repetitive and artistic 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 will not be 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 aren’t.
Verdict: Partaily True 🔄
Diminished Funding Sizes in Early Phases
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 important in lots of circumstances.
Verdict: False ❌
Costlier Horizontal AI Firms
Firms 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 sources wanted to create such superior techniques 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 remodeling enterprise capabilities. Whereas some developments have surpassed expectations, others are nonetheless a piece in progress.
Enterprise Adoption of Generative AI
Over 80% of prime firms, like these within the Fortune 100, are anticipated to start out utilizing Generative AI for varied 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 anticipated to make looking out inside firms and on web sites rather 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 proposals for companies. This prediction can be true as extra enterprises are leveraging this highly effective duo to make data-driven choices.
Verdict: True ✅
AI Assistants in Coding
Instruments that help in coding, powered by AI, have 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 exchange 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 utility 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 faux 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 have been anticipated to develop into extensively used, revolutionizing content material creation. This prediction is true, as these applied sciences at the moment are mainstream and remodeling artistic industries.
Verdict: True ✅
AI in Leisure
It was predicted that a minimum of one AI-generated idea would lead to a full film, ranging from an thought 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 have been anticipated to rely extra on superior AI, with lively participation from governments. This prediction is true as AI is more and more utilized in cybersecurity to establish threats and stop assaults.
Verdict: True ✅
AI App Retailer Enterprise Mannequin
A brand new market for AI instruments and fashions, just 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 Notice
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 Educational Designer at Analytics Vidhya, Diksha has expertise creating dynamic academic content material on the newest applied sciences and developments in information science. With a knack for crafting participating, cutting-edge content material, Diksha empowers learners to navigate and excel within the evolving tech panorama, guaranteeing academic excellence on this quickly advancing discipline.