Why generative AI will be a ‘big deal’ in 2024

It’s been just over a year since ChatGPT started to dominate headlines. The OpenAI platform introduced the world to generative AI, a type of AI that can be used in everyday functions. But what will 2024 bring? More AI.

Bob O’Donnell, TECHnalysis Research President & Chief Analyst joins Yahoo Finance Live to discuss what the next wave of AI means for users, companies, and investors.

Despite the craze over generative AI in the past year, O’Donnell says that not many people in the workforce have been directly using the applications, but that’s all going to change in the coming year.

While everyday people are going to be using AI, businesses are going to see a greater impact than the average consumer, O’Donnell maintains.

Nvidia (NVDA) has been the biggest name associated with AI, but “in 2024, we’re going to see a ton of other semiconductor companies, obviously, be going after Nvidia. And the truth is, the market is looking for more competition,” O’Donnell says.

In terms of semiconductors, O’Donnell points to announcements from Intel (INTC) and Advanced Micro Devices (AMD) and how those companies will be looking to bring their chips to the masses. He also explains how tech companies like Amazon (AMZN) and Microsoft (MSFT) are going to join the ring with Nvidia and Qualcomm (QCOM), pioneering the next generation of AI-processing software.
#youtube #AI #chatgpt
For more episodes from our NEXT series, click here.
To read more about AI from Yahoo Finance’s Tech Editor Dan Howley, click here.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Connect with Yahoo Finance:
Check the latest news and data at finance.yahoo.com

Follow Yahoo Finance on social:
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV