Friday, February 23, 2024
HomeAi TechGoldman Sachs CIO predicts focus on Hybrid AI and apps in 2024

Goldman Sachs CIO predicts focus on Hybrid AI and apps in 2024

Goldman Sachs tower

Busà Photography/Getty Images

This year in artificial intelligence will be dominated by “hybrid” AI, and by the rise of applications running on top of large language models, according to a year-outlook interview disseminated by investment bank Goldman Sachs featuring its chief information officer, Marco Argenti.

Also: Have 10 hours? IBM will train you in AI fundamentals – for free

“Hybrid, where you are using these large models as the brain that interprets the prompt and what the user wants,” said Argenti, referring to “foundation” models such as ChatGPT.


Goldman Sachs CIO Marco Argenti

Goldman Sachs

It will be too expensive for any companies other than the world’s richest to build such large programs, contends Argenti. Therefore, most enterprises will content themselves with building smaller neural nets, either in their own data centers or in cloud computing services, trained on their proprietary data.

The idea of specialized models fine-tuned with corporate data aligns well with the current trend to string together functionality, such as with LangChain, an open-source framework built on top of generative AI.

Also: Bill Gates predicts a ‘massive technology boom’ from AI coming soon

“Most companies in 2024 are going to focus on the proof-of-concepts that are likely to show the highest return,” said Argenti of the likely roll-out of hybrid AI.

In addition to hybrid structures, Argenti sees 2024 heralding a new class of third-party applications built on top of the foundation models.

“There’s a great opportunity for capital to move towards the application layer, the toolset layer. I think we will see that shift happening, most likely as early as next year.”

Also: Microsoft’s GitHub Copilot pursues the absolute ‘time to value’ of AI in programming

The need to coordinate security across different parties is a large issue, Argenti emphasized.

“Looking ahead, it will be important to continue to foster an environment that encourages collaboration between players, encourages open sourcing of the models when appropriate, and develops appropriate principle-based rules designed to help manage potential risks including bias, discrimination, safety-and-soundness, and privacy,” said Argenti. “This will allow the technology to move forward so that the US will continue to be a leader in the development of AI.”

Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular