2024 has emerged as a pivotal year for AI advancements, with generative AI leading the charge. McKinsey estimates that generative AI could contribute between $2.6 trillion and $4.4 trillion annually across various industries. The launch of OpenAI's ChatGPT in 2022 marked the beginning of a significant AI revolution, prompting major tech companies to develop their own AI solutions.
As AI continues to reshape industries, the need for regulatory frameworks becomes increasingly urgent. An interview with Credo AI's CEO highlights the importance of governance in ensuring sustainable growth for AI companies. Meanwhile, new investment opportunities are arising, such as an AI-focused ETF launched by a leading asset management firm, which aims to capitalize on the ongoing AI race towards achieving artificial general intelligence.
• Generative AI could add $2.6 trillion to $4.4 trillion annually.
• Credo AI emphasizes governance for sustainable AI growth.
• New AI-focused ETF launched to capture emerging investment opportunities.
Generative AI refers to algorithms that can create new content, such as text or images, based on learned patterns.
AGI is the hypothetical ability of an AI to understand, learn, and apply intelligence across a wide range of tasks, similar to human capabilities.
AI governance involves establishing frameworks and guidelines to ensure responsible and ethical use of AI technologies.
Credo AI is focused on AI governance, promoting responsible AI adoption and automating oversight to mitigate risks.
Bullfrog AI Holdings utilizes AI in drug discovery, aiming to develop lifesaving therapies through advanced analytics.
specializes in AI and AR solutions for the beauty industry, enhancing customer experiences with virtual try-ons.
Perplexity AI is a conversational search engine that leverages AI to provide natural language responses to user queries.
Near Space Labs develops AI-enabled robotic cameras for assessing property risks and climate-related disasters.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.