Key Takeaways from the 2024 AI Index Report
Stanford University recently released their seventh annual AI Index Report.
Among the top takeaways…
AI makes workers more productive and improves the quality of work, reducing the time for certain tasks by 26% to 73%
Industry continues to dominate frontier AI research, with 83% of models resulting from industry or industry-academia collaborations
Training costs for state-of-the-art models have reached unprecedented levels, with OpenAI’s GPT-4 using $78M worth of compute to train and Google’s Gemini Ultra using $191M
2/3 of notable AI models originated from U.S.-based institutions in 2023, with the EU and China contributing most of the remainder
Generative AI investment grew 8X in 2023 to over $25B, led by major players including OpenAI, Anthropic, Hugging Face, and Inflection.
Around the globe, people are more aware and more apprehensive about AI, with 66% believing AI will dramatically affect their lives in the next 3-5 years, but with over half feeling more concerned than excited about AI
Read the full report here:
