Generative Developments in AI – December 29, 2023

The latest in AI trends…
Google is expected to make dramatic cuts due to AI
The Information is reporting that Google is exploring a substantial workforce reduction, potentially affecting up to 30,000 employees. This is reportedly aimed at sales as Google’s own AI is expected to disrupt its Ads and Adwords business.
AI may affect more jobs beyond Google
Newsweek is reporting that cuts are likely across the board as companies consider AI and a potential recession. According to a Resume Builder survey, nearly four in 10 companies said they are likely to have layoffs in 2024. Four in 10 said they are going to lay off employees and replace workers with AI.
Generative AI will continue to grow, exponentially
J.P. Morgan maintains its bullish-outlier view of GenAI. They believe this is a seminal moment in tech.
The company wasn’t impressed by IoT, Metaverse, Blockchain, 3D printing, but it states that GenAI is very different. And that it is.
It’s expected to evolve at light speed. It will continue to outperform the typical person. As such, the typical person must augment their capabilities now with generative AI to perform extraordinary tasks. This will lead to a productivity boom.
J.P. Morgan also anticipates a mass-scale white collar job realignment.

Generative AI Spending to Top $1 Trillion Over the Next 10 years
Bloomberg Intelligence recently reported that the generative AI market is poised to grow at a 42% compound annual growth rate from $40 billion in 2022 to $1.3 trillion by 2032. BI estimates that generative AI is poised to expand its impact from less than 1% to 10% market spending of total IT hardware, software services, ad spending, and gaming.
Learn GenerativeAI
OpenAI published its “6 Strategies for Getting Better Results.”
The v1.0 of the GenAI Prism infographic is now available. It serves as a mental model to augment your work toward exponential outcomes.

Brian Solis Brian Solis | Author, Keynote Speaker, Futurist
Brian Solis is world-renowned digital analyst, anthropologist and futurist.  He is also a sought-after  keynote speaker  and an 8x best-selling author. In his new book,  Lifescale: How to live a more creative, productive and happy life , Brian tackles the struggles of living in a world rife with constant digital distractions. His previous books,  X: The Experience When Business Meets Design  and  What’s the Future of Business  explore the future of customer and user experience design and modernizing customer engagement in the four moments of truth.
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