4 AI Predictions for 2023: From the Great Correction to Practical AI

Enthusiasm for self-driving cars has waned and automakers are rethinking or exiting their robo-taxi plans. This is just one sign that we are in the middle of the Great Correction in AI -- a period when wild ambitions and moon-shot ideas are being replaced by more realistic approaches to artificial intelligence and its attendant machine learning (ML) models, algorithms, and neural networks. I'm calling this the new pragmatism of Practical Artificial Intelligence, and I predict this technology will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. Under the umbrella of practicality, companies will strategically rethink how they use artificial intelligence, an attitudinal shift that will filter down to implementation, AI and machine learning model management, and governance. Generative AI -- in which algorithms create synthetic data --has been a big buzzword lately, with slick image-generation capabilities grabbing headlines.