2023: A Pivotal Year for AI – Insights from Deutsche Bank Research
This year promises to be a challenging one for artificial intelligence, as noted by Deutsche Bank Research Institute. The anticipated “AI reckoning” raises crucial questions about the technology’s returns and sustainability.
Key Insights:
- Disillusionment: Expected benefits remain evident primarily to early adopters. Executives seek immediate revenue, while many AI models struggle with real-world application.
- Dislocation: A widening gap exists between AI demand and capacity due to talent shortages and systemic bottlenecks. Notably, companies like OpenAI could face increased scrutiny.
- Distrust: Concerns over job displacement, privacy, and geopolitical tensions will rise. The U.S.-China AI race heightens the stakes for a technology once deemed revolutionary.
As the market evolves, understanding these dynamics will be essential for navigating the future of AI.
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