🌪️ Three months in AI in six charts
What you need to know about AI in Q1'24
Hi all,
The first quarter whizzed by. In the fog of exponentials, it’s worth stepping back on this 1 April. Here’s a look at six key AI developments we observed in Q1’24 and what they may mean for you and your organisation.
If you have a moment, let us know: what are the key highlights of Q1 for you? In AI or other areas.
1. The three wise AIs — ChatGPT has company
The first quarter of 2024 has seen the emergence of competitors to GPT-4’s dominance. Anthropic’s Claude 3 and Google’s Gemini both have similar benchmark performance to GPT-4. This year is likely to see more models surpassing GPT-4’s performance and others offering entirely different modes of creation (see OpenAI’s demo of Sora).
💬 What this means for you: With multiple powerful AI models now available, you can leverage their unique strengths for various tasks. Keeping abreast of new models and their capabilities will help you make informed decisions about which AI tools to adopt for specific use cases. Claude 3, GPT-4 and Gemini have different flavours, and at EV we often switch between them for different tasks — see our comparative analysis to get started.
2. AI is in your workplace
Talking directly with more than 30 CEOs and senior executives in Davos in January, I was surprised to see how fast they’ve acted. The overwhelming majority had generative AI projects underway. One CIO reported 26 genAI projects in deployment. When EV reader John Romeo and his team surveyed 25,000 workers in 17 countries, they found that half of all workers were already using genAI tools in work, with rates much higher in India and the UAE than in the US. The majority of workers have experienced productivity gains, especially in white-collar jobs.
