Andrew Ng: Opportunities in AI - 2023 - YouTube

Prediction  

• What AI is? A: it's like electricity, a general-purpose toolset.
• What are major tools in AI toolset? A: supervised learning is the huge incumbent (worth over $100B for Google) and large-language model (LLM) or generative AI is the strong incoming-challenger.
• 08:06 Low-code and no-code AI tools are making it easier for developers to create customized AI applications rapidly.
• 11:47 Current AI value is concentrated in consumer software and the internet, but there is vast untapped potential in other industries.

At its core, LLM or generative AI is supervised learning being used to repeatedly predict next word given a set of words as predictor variables. However, at application layer, LLM / generative AI has huge potential because it enables prompt-based AI which revolutionizes AI application development process.