According to a recent artificial intelligence (AI) report, companies that invest in AI in 2023 will demand their investments start paying off in 2024. However, such investments may encourage the scaling and centralization of AI power, a problem some crypto projects like Bittensor could fix.

Many large corporate entities have tested the use of AI for routine or mundane tasks and have seen the tools impact productivity. At his AI summit in Bletchley Park last year, British Prime Minister Rishi Sunak was told by Elon Musk that AI will take over all jobs.

How Corporate Jobs Will Concentrate AI Power

In the meantime, most companies have plowed headlong into developing strategies to use AI. However, the mass adoption created a demand that saw a handful of players snap up most of the market share. While this boosted companies’ stock prices, the demand could concentrate power on a handful of companies developing AI for corporate applications. 

Read more: The 6 Hottest Artificial Intelligence (AI) Jobs in 2024

Last year, OpenAI’s board fired CEO Sam Altman partially because of strategies for commercial expansion that the board didn’t like. Altman also reportedly talked with former Apple designer Jony Ive about creating an iPhone experience for AI, hinting that OpenAI may be angling for AI use to reach the iPhone scale. Meta is reportedly working on a new set of AI glasses that respond to voice prompts. 

According to Accenture CEO Julie Sweet, some companies are not ready for AI yet. Most corporations don’t have a policy to manage their internal data. The average CEO does not know how AI uses their company’s data.

Sweet states:

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Author: David Thomas

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