Summary Bullets:
• GlobalData predicts 2024’s killer app will be medically-related.

• VCs have indicated a major shift in investments from LLMs to the application layer in 2024.

Following a year of investment upheaval resulting from the dawn of ChatGPT and generative AI (GenAI), Silicon Valley based venture capitalists (VCs) have indicated that major funding will now shift to the application. VCs and leading cloud platform providers invested heavily in 2023 for LLMs–infrastructure services that are computational and capital-intensive to build. This year, attention will be turned to the application layer of GenAI innovation.

Continue reading “GenAI’s Killer App in 2024 Will Arm Citizens With Medical Knowledge” →