Observed Signal · Nov 13, 2023 · Report Release · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
GP Bullhound Unveils 10 Tech Predictions for 2024
GP Bullhound, a tech-focused advisory and investment firm, published its annual tech predictions for 2024. The report forecasts that smaller open-source large language models will disrupt the AI market, generative AI will unlock value from unstructured enterprise data, and private companies will lead a renewed space race. Other predictions include a possible Apple search engine that would challenge Google's roughly $20 billion annual default-search deal on iOS, new tools to keep AI from training on human-created content, growth in AR/VR and AI-driven education, increased AML and payment compliance, large-scale AI-driven media M&A, a worsening semiconductor shortage, and accelerated carbon accounting due to new regulations. The firm claims 90% prediction accuracy over the past five years. Partners Per Roman and Alec Dafferner highlight AI as the cornerstone for 2024 despite economic uncertainty.
Provides directional 2024 tech predictions from a known advisory firm, including potential shifts in search, AI adoption, and media M&A, but contains no single breaking industry event.
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Key Takeaways & Evidence Grounding
- GP Bullhound published 10 tech predictions for 2024 on November 13, 2023.
- The firm claims 90% prediction accuracy over the last five years.
- One prediction says Apple could launch an ad-free search engine; Google currently pays about $20 billion annually to remain default on iOS.
- AI-focused startups in the US received $23 billion in funding in 2023, according to the report.
- The report predicts the number of satellites in orbit will grow from ~8,000 to over 100,000 in the next 10 years.
Connected Companies & Entities
3 Entities mapped“GP Bullhound, a tech advisory and investment firm, published its 2024 tech predictions....”
“Prediction 6 says Apple's own ad-free search engine is the missing element in its internet strategy....”
“Google pays around $20 billion annually to be the default search engine on iOS....”
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