State of AI's Report

The Corporate AI Revolution Big Tech has shifted the investment landscape, overshadowing traditional venture capitalist firms. With significant financial powerhouses diving deep into AI, 2023 saw a surge in corporate venture funding.

AI: A Global Regulatory Focus

As AI capabilities leap forward, governments worldwide are taking notice.
Different nations are gravitating towards varying regulatory stances, from laissez-faire to rigorous control.
Global governance proposals are on the horizon, with numerous institutional models as potential blueprints.

The UK Leads in AI Safety Deliberations

The upcoming UK’s AI Safety Summit, spearheaded by Matthew Clifford and team, is set to address and possibly streamline these global governance thoughts.
Previous #stateofai reports cautioned about the negligence of safety concerns by major laboratories.

Year of the Existential Debate

2023 spotlighted the debate over “x-risk” (extinction risk) in AI, leading to a rift between proponents of open and closed AI research.
Notable figures such as Yann LeCun and Marc Andreessen have expressed their skepticism.

Governmental Efforts in AI Oversight

Policymakers, sensing the gravity of the situation, are actively striving to comprehend the looming risks.
UK takes the lead with a Frontier AI Taskforce under the leadership of Soundboy.
The US is not far behind, initiating congressional investigations into the matter.

Past Predictions: A Mixed Bag

Forecast for the Upcoming Year

Upcoming Trends:
- Cinematic wonders with GenAI in filmmaking.
- AI’s influence on electoral processes.
- Rise of self-evolving AI agents.
- Resurgence of IPOs.
- Investment in models surpassing $1 billion.
- Scrutiny over competitive practices.
- Calls for international AI governance.
- Banking sector’s tryst with GPUs.
- AI’s symphony in the music industry.
- Acquisitions in the chip-making sector.

Team efforts defined the report, with Soundboy taking a hiatus to concentrate on the UK’s Frontier AI initiative.
Kudos to Osebbouh, Corina Gurau, and Chalmermagne for their contributions.