Five years makes a galactic difference in the world of technology, and AI is no exception. McKinsey’s 2020 State of AI report noted that half of all surveyed businesses had adopted AI in at least one business function. This year’s version of that same report shows that more than 75% of those surveyed had adopted AI into at least one business function. That’s an increase of more than 50%.
Yes, there are still concerns around AI ethics, and many organizations continue to struggle to find the talent to implement AI at scale, but these survey numbers indicate that the novelty of AI has worn off and that organizations are focusing on creating value with these technologies.
LRS builds, deploys, tunes, and governs AI architectures and large language models for our customers. The following are some of the trends that we are watching this year as AI makes the leap from computation to cognition:
AI memory improvements will change everything
Google and Microsoft are among the technology companies working on AI prototypes with “near-infinite” memory. This means that AI systems will be able to retain information about your sessions forever, unlike today’s AI models that have limited memory and forget about all your past questions and interactions. The benefits of such systems include remembering everything you tell them, understanding your preferences and needs based on past interactions, and offering more personalized recommendations and advice. Agents with infinite memory will know your dietary restrictions or how you like to code and will make every interaction with them seamless and more intuitive.
Humans get closer with their LLMs
Imagine having a digital friend or therapist you design yourself. That's the future of chatbots like Character AI. As AI gets better at mimicking human conversation and emotions, these platforms will become incredibly popular. You'll be able to create personalized AI companions, choosing their personality and even how they look. And with more people open to using AI for mental health support, these chatbots could become a common tool for therapy and guidance.
The next generation of voice apps is almost here
Think about how much time you spend typing on your phone or computer. Now, imagine just talking
to get things done. With AI's improved ability to understand our spoken words, we're moving towards a world where voice commands simplify everyday tasks. For instance, instead of scrolling through endless online shopping pages, you could simply say, "Hey phone, order that same brand of coffee I bought last week," without needing to open an app or search online. This shift to more intuitive voice interfaces will make technology feel less like a tool and more like a helpful assistant, especially for tasks where typing feels slow and clunky.
Businesses become more AI-savvy and demand for AI talent accelerates
While most workers are rapidly embracing generative AI tools for tasks like drafting emails and creating presentations, many business leaders are finding it difficult to infuse AI throughout their entire operations. To overcome this, businesses will increasingly focus on building custom AI systems tailored to their specific needs, using their own internal data. This means more companies will be relying on their in-house AI experts, as well as hiring consultants, to guide them through this transition.
We are still in the early stages of AI, but we can already see the ways this technology is beginning to affect the way we all work.
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