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‘Overhyped’ generative AI will get a ‘cold shower’ in 2024, analysts predict

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According to a report from analyst firm CCS Insight, generative artificial intelligence is set for a “cold shower” in 2024 as costs associated with the technology increase,

Analysts at the firm say the technology has become “overhyped” and smaller AI developers will face challenges as it becomes “too expensive” to run.

CCS Insight also predicts regulation of AI in the European Union will stall due to rapid advances in the technology.

Read more at CNBC.

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