Tim DaviesCEO Projekt Rising - The expert AI partner for SMEs

Rapid advancements in technology and AI capabilities

5 May 2024

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Speaker (Tim Davies) argues that AI development is accelerating rapidly: more people and exponentially increasing budgets are driving new capabilities. The speaker highlights a fast product roadmap cadence—frequent releases from major companies (mentions Amazon and Meta)—with multiple significant releases occurring within single weeks. The tone is observational and emphatic about the speed and frequency of progress.

And I think the amount of people working in the AI space now is increasing year on year. The amount of budget that's being spent on the development behind these capabilities, it's exponential. It is. So the capabilities that are coming available, that are going to be created, they're in reach. And you can see how on any of these, sort of, if you drew a line of a product roadmap, here's what we have now. Here's what we had last week, here's what we're going to have in two weeks time. Yeah. And then you see the frequency of these releases, where just last week there was three significant releases, and that's without even five, if you count this stuff from Amazon and Meta. In one week, five huge releases from five different companies, all with new capabilities.