Artificial intelligence (AI) and machine learning are predicted to explode in 2023 because of their applicability in all aspects of life.
Looking back to 2022, the tech world hasn't had many glorious moments with a series of layoffs and investigations. 2023 will be the year the technology world must become more alert and realistic in all its decisions and investments, in the context of the economic downturn affecting all aspects of life.
Leaving behind a memorable 2022
Meta, the parent company of Facebook, had to lay off 11,000 employees because of bad investments during the global recession. Mark Zuckerberg's dream of virtual universe technology (metaverse) is still going nowhere, as the Oculus virtual reality headset is envisioned to change the way people work again largely used to play games. Meanwhile, the new iPhone launched with almost no noticeable improvements.
On the social network side, billionaire Elon Musk bought Twitter for $ 44 billion. But thousands of employees were fired and resigned as well as the suspension of some journalists and experts' accounts, causing many users to leave Twitter. TikTok's fate is also not easier, as many countries are closely monitoring the video-sharing platform because of national security concerns.
Next, the virtual currency market faced a "wake-up call" after the drunkenness of many years ago. The value of Bitcoin is only about a quarter of what it is in 2021, and the chain of dominoes from the collapse of the crypto exchange FTX has only just begun. Observers predict that governments will be more aggressive in managing this market in the future.
According to Forbes magazine, 2022 is definitely a year for the technology world to "look back". Leaders should consider which areas are delivering success, which are no longer yielding many results, and what lessons can be learned from failures.
Also in 2022, the whole world witnessed the macroeconomic environment's influence on all industries. With lessons like FTX's, compliance with business ethics is no longer a matter of self-perception but requires real investment and control by technology enterprises.
The Ascent of Artificial Intelligence and Machine Learning
In the forgettable year 2022, there is still a bright spot: ChatGPT technology released by AI research company OpenAI later this year. ChatGPT is a chatbot (conversation machine) capable of providing solutions to complex problems directly. This technology can write essays, program, and draft business proposals.
All tech forecasts for 2023 agree that AI and machine learning will dominate this year, showing their usefulness from medical procedures to banking. "It is truly amazing to read about the developments that data scientists are making that will impact the vast majority of us," Forbes wrote.
Machine learning is a hot topic and will continue to play an increasingly important role in our lives for the foreseeable future. "If you want to enrich your writing with a historical fact, you won't need to search the internet anymore. All the information will be right there with one click" - Mr. Yoav Shoham, professor of Honors at Stanford University, assessing the potential that AI can bring.
AI will be a focus for companies seeking to increase automation and efficiency in 2023, regardless of the state of the economy. The new emphasis on efforts that boost sales, reduce costs, grow user satisfaction, and enhance operational efficiency is fueling many of the trends we saw accelerate last year.
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