AI and Electric Vehicle Deals: 2024 Predictions

In 2023, generative AI has become mainstream, with companies like Microsoft, Google, and OpenAI investing heavily in the technology. This has led to the creation of various AI-powered tools that can generate content such as computer code, artwork, and essays. One of the most significant developments in this field is the launch of ChatGPT, which has paved the way for other AI-based chatbots and search engines.

However, despite the rapid growth of generative AI, there are still some obstacles that need to be addressed. For instance, the development and maintenance of generative AI systems are expensive, requiring a significant amount of computing power and costly computer chips. To mitigate these costs, some companies are exploring the possibility of implementing hybrid systems, where some of the processing is done locally on devices like laptops and smartphones.

Another challenge facing the electric vehicle (EV) market is the price war and supply chain issues. In 2023, Ford, GM, and Tesla all paused their plans to expand EV production, while Mercedes-Benz described the market for electric vehicles as “brutal.” Despite these challenges, there are still some bright spots in the EV market. For example, the UK is expected to become the second market, after Germany, to reach one million all-electric cars on the road by the end of 2023.

In addition to the challenges faced by the EV market, there are also advancements in the field of humanoid robots. Tesla is working on Optimus, a humanoid robot designed to perform basic factory jobs. Other companies, such as Amazon and Sanctuary AI, are also developing humanoid robots that can learn tasks in work settings.

In the pharmaceutical industry, the weight-loss drug semaglutide, marketed under the brand name Wegovy, has been a huge success. Its manufacturer, Novo Nordisk, has seen a significant increase in value due to the high demand for the drug. To meet this demand, Novo Nordisk is investing billions of euros in expanding its production facilities.

In conclusion, 2024 is expected to be a year of both challenges and advancements in the fields of generative AI, electric vehicles, humanoid robots, and pharmaceuticals. While there are obstacles to overcome, such as the high costs of developing and maintaining generative AI systems and the price war in the EV market, there are also exciting developments on the horizon, such as the expansion of EV production in the UK and the continued progress of humanoid robots in various industries.