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How AI Dragons Set GenAI on Fire This Year
- 2024 marks a transition point when GenAI becomes an integral part of industries worldwide.
- Generative AI has progressed considerably, becoming a fundamental business practice.
- The growing understanding of how GenAI enables increased volume and variety of applications, ideas, and content.
- Chinese companies are ahead in AI, thanks to their focus on efficiency and resource optimization.
- Models like Kling and Hailuo have outpaced Western competitors in speed and sophistication, reflecting a shift in leadership in the emerging field of AI video models.
- Generative AI improves employee performance, enhancing productivity by 12%, and improving work quality by 40% when properly trained.
- Decreasing the cost of training LLMs and new alternates to industry leaders like NVIDIA, the AI chip market is set to become more affordable in 2024.
- SLMs will likely find greater adoption by large and mid-sized enterprises as they are more lightweight than LLMs, making them perfect for real-time applications and easy integration across various platforms.
- The rise of unsanctioned and unmanaged AI applications within organizations known as 'Shadow AI' poses challenges for security leaders in safeguarding against potential vulnerabilities.
- Predictions for 2025 suggest that AI will become mainstream, enhancing decision-making capabilities across industries as a collaborative partner.
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