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ARTICLE · 27 JANUARY 2023

Three Top Trends For AI In 2023

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This year's World Economic Forum meeting at Davos applauded the growth in artificial intelligence, particularly Generative AI. Against the backdrop of the world's biggest challenges, reports from Davos...

IrelandTechnology
Rory O'Keeffe
Rory O'Keeffe
Thomas Condon
Thomas Condon
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This year's World Economic Forum meeting at Davos applauded the growth in artificial intelligence, particularly Generative AI. Against the backdrop of the world's biggest challenges, reports from Davos suggest world leaders and business executives are cautiously optimistic for 2023. Investment decisions appear to point to digital transformation projects – "investing in AI, with care"1.

From an AI perspective, AI stocks suffered in 2022 as economies dealt with the challenges of soaring inflation, rate hikes, fears of recession and layoffs2. Reuters reported3 that "business are under enormous cost pressure. They need to find ways to do the same things cheaper". John Clancy from the Enterprise Digital Advisory Forum was reported in the SiliconRepublic.com describing AI as the "new fuel for the modern economy"4. The Enterprise Digital Advisory Forum advises and works with the Irish Government to drive industry adoption of AI and other digital technologies.

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