Tech traders give their prime predictions for 2024

The tempo of AI-related innovation accelerated, to say the least, in 2023.

Anticipate the identical this 12 months — or much more.

That’s the phrase from a gaggle of Seattle-area tech traders who shared their prime prediction for the brand new 12 months. Learn on for his or her takes.

Madin Akpo-Esambe, investor at Tacoma Enterprise Fund

“Subsequent 12 months will carry an unprecedented wave of startup acquisitions and wind downs, however we’ll begin to see the early innings of the following wave of future unicorns with confirmed utilized AI improvements emerge. The genie is actually out of the bottle on AI as a elementary platform shift and it’s right here to remain. Just like the 2008 and 2009 wave of functions that rode the wave of cellular, new applied sciences which can be cracking tangible applied-use instances of AI will begin to decide up steam in 2024.”

Sheila Gulati, managing director at Tola Capital

“The combination of multi-modal fashions is about to unveil recent alternatives on the utility layer whereas concurrently introducing new challenges and innovation prospects on the infrastructure layer. The exceptional velocity at which open supply fashions have matched, and in some instances surpassed, their proprietary counterparts when it comes to efficiency is really noteworthy. Waiting for 2024, the speedy tempo will persist, accompanied by the rise of specialised vertical and domain-specific fashions getting into the market, alongside the extra generalized, pre-trained fashions. Brace for a 12 months the place innovation and specialization intersect to form the way forward for mannequin growth.”

Greg Gottesman, managing director at Pioneer Sq. Labs

“By the top of 2024, machines will write greater than half of the brand new code generated globally.”

Maria Gilfoyle, investor at Madrona Enterprise Group

“We’ll see revolutionary AI instruments designed to satisfy customers the place they already are — of their workflow. The distribution of AI instruments will change into extra essential than the mannequin used underneath the appliance, so long as the mannequin capabilities appropriately. Moreover, for startups, I predict a shift away from textual content/chat-based UX for AI-native functions in 2024. The long run lies in apps that take a multi-modal method to carry out duties like updating data, scheduling occasions, reserving a restaurant, enhancing paragraphs, leaving feedback, and finishing motion objects after approval from the consumer.” 

Kellan Carter, founding companion at Fuse

“Giant platforms will proceed to innovate at a speedy tempo and seize a lot of the AI momentum. It would proceed to power Washington, D.C., to take discover, however probably nothing of regulatory substance given how new the class is.”