Blumberg Capital - Mapping the AI Toolchain – 2024 Perspective - June 2024
FreeMapping the AI Toolchain – 2024 Perspective
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About Blumberg Capital - Mapping the AI Toolchain – 2024 Perspective - June 2024
Blumberg Capital presents a comprehensive 2024 update on the AI toolchain landscape, building on a 2018 perspective. The article discusses the democratization of AI through deep learning and large language models (LLMs), emphasizing how non-programmers can now leverage tools like ChatGPT-4 for document generation. It highlights the shift from expert-driven AI to practitioner-driven AI, the need for iterative business process redesign to integrate predictions, and the critical collaboration between CTOs and business experts. The piece includes an alpha landscape map of the emerging AI Toolchain and offers insights on the future value of traditional machine learning versus document generation.
Key Features
Provides a 2024 update on the AI toolchain landscape
Discusses democratization of AI via deep learning and LLMs
Highlights non-programmer accessibility through tools like ChatGPT-4
Emphasizes iterative business process redesign for AI integration
Includes an alpha landscape map of the AI Toolchain
Pros & Cons
Pros
- Provides a comprehensive, updated perspective on AI tooling
- Balances technical and business viewpoints on AI adoption
- Includes a visual map of the AI toolchain landscape
Cons
- Does not include interactive tool or hands-on guidance
- Limited depth on specific AI tools or vendors
Best For
Understanding the evolving AI toolchain ecosystemGuiding business leaders on LLM adoption and process redesignIdentifying trends in AI democratization and toolingSupporting strategic planning for AI investment
FAQ
What is the main thesis of the 2024 perspective?
The main thesis is that AI has been democratized through deep learning and LLMs, enabling non-programmers to use AI, and that businesses must adopt iterative redesign of processes to fully leverage predictions from AI.
How does this perspective compare to the 2018 version?
The 2018 perspective focused on AI moving from experts to practitioners. The 2024 update notes that LLMs have had a bigger near-term impact than traditional ML, and emphasizes document generation and the need for business and technology collaboration.
Who wrote the 2024 perspective?
The 2024 perspective was written by Roy Lowrance, advisor at Blumberg Capital, building on an original 2018 article by Matt Bornstein.