Here to stay, or flash in the pan – how will AI shape markets in years to come?

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(Image credit: Andriy Onufriyenko)

Artificial intelligence was one of the top market themes of 2023. While the AI industry has been developing and growing for decades, last year, the potential of the technology exploded into the open after the launch of OpenAI’s tool, ChatGPT.

AI was already being used in industries such as biotechnology and manufacturing to enhance and streamline processes before ChatGPT launched. However, the launch of this software showed just how transformative the technology could be for businesses and individuals across the spectrum. It opened up a world only previously accessible to those with millions of dollars in capital spending capacity and access to the most advanced technology.

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