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

• Last year’s predictions received a score of 5/9.

  • Hits: LLM training, GenAI/audio, Big Tech's AGI pursuits, alignment investment, training data.

  • Misses: Multi-model research, biosafety lab regulation, semi startups' downfall.

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.

Acknowledgments

• 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.

source: State of AI Report 2023

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