Episode 15: Trends and Limitations in AI

From Arc 5: Perspectives on Artificial Intelligence: Unveiling AI’s Impact on Business Transformation

April 30, 2024 | 14 minutes

Join us in this episode as we unravel the latest trends and constraints shaping the landscape of Artificial Intelligence (AI). Explore the trajectory of AI in 2024 and its evolution over the past few years. Delve into the dynamic realm of AI limitations, where rapid advancements are met with fundamental challenges. Discover what lies at the heart of AI’s ongoing transformation.

Key takeaways

• Generative AI and AI Assistants emerge as prominent trends for 2024, transitioning from reliance on Big Data and Large Models to smaller, localized models.
• Optimizing AI and pinpointing key changes are imperative for enhancing efficiency and performance in AI applications.
• Despite rapid progress, AI predominantly operates within the realm of Artificial Narrow AI, functioning within Limited Memory thresholds.

 

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Highlights & Timestamps

0:00 | Introduction
0:56 | Generative AI: The most accessible to use
2:06 | SLM (Small Language Models) using smaller sets of data
3:39 | SLM vs. LLM: Comparison and evolution
6:02 | Assistance, virtual agents, customer experience, and support
8:19 | Mixing different types of AI
9:42 | Limitations: Current narrow AI field
11:05 | Limitations: Young technology that still makes mistakes
12:08 | Limitations: Restricted funding and evolution
13:14 | Conclusion

References

IBM blog: The most important AI trends in 2024

Forbes blog: Exploring The Future: 5 Cutting-Edge Generative AI Trends In 2024

Speakers

Hosts

Stephen Sugumar, Account Executive at Diabsolut
Stephen has delved into many roles over the years, from development, professional services, solutions consulting, into his current role as account executive today. Leveraging his technical expertise and solutioning adaptability to find a path forward within all his engagements while guiding his team in similar fashion. He is an expert in processes and best practices—leveraging insight from industries such as Energy & Utilities, Healthcare, Home Services, Telecom, Manufacturing, and High Tech—to support Diabsolut’s customers in their evaluation and selection of Service solutions.

Peter McMullan, Solutions Consultant at Diabsolut
As a seasoned member of the Pre-Sales team, Peter brings an expertise in service management, focusing on field service and improving operations within service organizations. His background in engineering gives him a fresh, solution-driven perspective that he leverages to analyze problems. Peter proves himself to be a trusted advisor to Diabsolut and customers through his understanding of business analysis, process improvement, development, and configuration in designing and demonstrating tailored solutions.

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