Benedict Evans discusses the rapid evolution and adoption of AI, particularly generative AI, emphasizing its market potential and challenges. Highlights 🚀 AI adoption is unprecedented, with many people trying ChatGPT. 💡 Bill Gates likened ChatGPT’s impact to the graphical user interface. 📊 OpenAI achieved a $160 billion valuation within 18 months. 🏢 Most companies are still in trial phases, not widespread deployment. 📉 Current skepticism exists regarding the future scalability of AI. 🤔 Debate continues on whether AI will maintain its scaling success. 💰 Companies face high capital expenditure (capex) to develop AI infrastructure. ⚙️ Major tech firms are investing over $200 billion in AI this year. 🔄 There’s a push for creating cheaper, efficient AI models. 🆕 New AI models are emerging rapidly, with significant competition. 📱 Companies like Meta and Apple are making AI more accessible and affordable. 📈 The trend suggests a convergence towards commodity AI infrastructure. ⚠️ Market bubble risks are present in the rapidly evolving AI sector. 🔍 The industry is still figuring out practical applications of AI technology. 🤖 The future of AI remains uncertain, but opportunities abound.

Microsoft unveiled exciting updates for Copilot Studio during Ignite, enhancing user experience and functionality across its platforms. This is great news for business and enterprises and makes it easy to create copilots, agents and more.. https://blogs.microsoft.com/blog/2024/11/19/ignite-2024-why-nearly-70-of-the-fortune-500-now-use-microsoft-365-copilot/ Highlights 🚀 Introduction of new AI features to streamline workflows. 🛠️ Enhanced customization options for Copilot tools. 📊 Improved data integration for better analytics insights. 🧠 Advanced natural language processing capabilities. 🌐 Integration with additional Microsoft 365 applications. 🔒 New security measures to protect user data. 🎓 Training resources made available for developers. 📅 Roadmap for upcoming features shared with the community. 🤝 Partnership announcements to extend Copilot’s reach. 🎤 Live demos showcasing practical applications of updates. 🔄 Feedback mechanisms introduced for user suggestions. 🌟 Focus on improving accessibility for all users. 📈 Emphasis on optimizing performance and efficiency. 💡 Insights on how AI can transform business productivity. 🖥️ New tools for developers to create custom Copilot experiences.