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Understanding the AI Hype: Is It Just Hype or Is It The Future?

Explore the reality behind the AI hype. Is it just a passing trend or is AI here to stay? We dive into expert opinions and future predictions.

Author

Luke Stanke
July 17, 2023

AI, or Artificial Intelligence, has been the buzzword for a while now. It’s been hailed as the game-changer, the disruptor, and the next big thing. But as we move further into 2023, it seems like the hype around AI is starting to simmer down. Or is it?

A quick look at Google trends suggests that the AI hype might be coming back down to earth a bit. A recent Google Trends search of ChatGPT (in blue) and AI (in red) show that both terms are coming down significantly in search.

from chat GPT

But is this a sign of disillusionment, or is it a natural progression as we move from inflated expectations to practical applications?

Let’s dive deeper.

The AI Hype Cycle

According to the 2022 Gartner Hype Cycle™ for Artificial Intelligence, AI is still a must-know innovation in technology. However, the focus is shifting towards operationalizing AI initiatives and making efficient use of data, models, and compute.

Expert Opinions on AI Hype

Experts in the field have their own take on this. As per a Forbes article, people often focus on AI's ability to automate and amplify tasks but underestimate its influence on humanity.

An analysis by Cobus Greyling on Medium suggests that the AI hype cycle is underpinned by four prevailing trends: Responsible AI, Operationalising AI, Efficient use of data, models, and compute, and Responsible AI.

The Future of AI: Beyond the Hype

So, is the AI hype just hype? Not quite. It seems more like we're moving from a phase of inflated expectations to one of practical, responsible, and operational applications. The hype might be dying down, but the influence of AI is far from over.

In fact, LinkedIn predicts that 2023 will see trends like Composite AI, Edge AI, Generative AI, Adaptive AI, Responsible AI, Low-code or No-code AI, and Quantum AI.

So, while the hype might be simmering down, the future of AI looks promising and exciting. Stay tuned as we continue to monitor these developments and keep you updated on the latest breakthroughs and trends.