2023 Roundup: The Year of AI
2023 Roundup: The Year of AI
Building Startups by Ajay Yadav
The ‘No-BS’ BS Newsletter
Year-end festivities are almost here, so it is a great time to sit and absorb the year that has passed.
Let’s get started🚀
💻️AI
➡️ 2023 Roundup: The Year of AI
We’ll take this and next week to talk about what happened, and what to expect in 2024. Today, let’s look back at the year that has passed.
If 2022 birthed commercial AI, 2023 held its hand and ran with it.🏃♂️
The global artificial intelligence market was estimated to be worth $136.55 billion in 2022.
This number is expected to reach $1,811.8 billion by 2030. 💰️
I know we’ve blabbered all year about this vague “speed” at which AI continues to develop, but this number quantifies it (yet another reason for you to join the party if you haven’t😉).
The buzzword of the year was OpenAI’s ChatGPT, that made history for becoming the fastest growing app with 100 million active users.
ChatGPT now has over 14 billion all time views and over 1.5 billion visits each month.👀Naturally, the year also saw Big Tech competing with ChatGPT’s impact. Microsoft, Google, Meta— everyone joined the race. And beyond the Big Tech too, AI startups saw huge amounts of fundings coming towards them as well.
Over 25% of all investment capital invested in American startups went towards AI-related enterprises, a significant jump from an average 12% from the years before.📈
But all of this year’s rapid advancement also came with cautious reminders to not compromise safety in the name of speed. Global thought leaders recognised the importance to reinstate safety and the year saw the world’s first AI Summit being held.🦺
2023 also witnessed heavy debates about how AI is here to replace humans. There are still polarised opinions, but I will always stand with the side that AI creates opportunities, not kill them.✅
More about the future in next week’s issue.
The conclusion?
AI really might easily become the most transformative technology for humankind, probably bigger than the internet. This article by Forbes talks in great detail about 2023 and the year of AI, do check it out if you like. :)
➡️ AI News of the Week: Intel Launches AI-Powered Processors, Competing with NVIDIA
The most well-known AI models, such as OpenAI's ChatGPT, are cloud-based and run on NVIDIA’s GPUs. 💾
But on Thursday, Intel revealed new computer chips, including the Gaudi3, a microprocessor for generative AI applications. Intel finally has a product that competes with NVIDIA’s market share, and indeed, shares of Intel went up 1% on Thursday!
➡️ AI Tool of the Week: GoLinks
GoLinks allows you to access and share information instantly with intuitive, secure short links, called go links, and conversational search powered by generative AI.🔗
It primarily enables you to generate internal links for your organisation that are so easy to remember and share that you don't need to bookmark them or copy and paste them into emails. It’s super cool, do check it out :)
🚀Entrepreneurship
Keeping the year-end spirit in mind, I want to keep these 2 editions super short with crisp, bite-sized things I’d like you to remember:
Build your personal brand. 👨 Who you are and what you do transcends your current company and designation. The corporate journey is usually longer than a single company, and your personal brand can help you pivot quicker, connect with amazing folks, and have opportunities you would not have had otherwise. Work on it.
Build great teams. 🧑🤝🧑 People are the most important asset in a startup. Sometimes 1 stellar person can perform the work of 10 average contributors. And building a team of driven, autonomous learners WILL unlock exponential outcomes.
Small effort compounds, and patience is the path. Always keep the bigger goal in mind, and make tiny but consistent effort that add towards it. Play the long game.🛣️
That’s it for this one.
Have a great weekend folks, I’ll see you next week with more things I want to talk about!
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