I believe that 2024 will be the real ‘Year of AI and GenAI’, putting even 2023 in the shade.The AI race accelerates: Google’s Gemini has put further fuel in the GenAI fire, and there will be a race between OpenAI-Microsoft, Google, Meta and well-funded startups like Inflection and Anthropic to build newer, more powerful GenAI models. We might see GPT4.5 or 5, and Gemini Ultra will be launched. However, there will also be a shakeout, with stability being perhaps the first casualty.

LLMs become LMMs: Large language models will become large multimodal models, going beyond text to pictures, videos, sound, etc., and some of them will have agency and power to perform tasks on our behalf.