The Brain Drain Effect

Also in today's edition: AI will Build Metaverse, Musk’s New Love & Relevance of NLP Engineers

The recent AI boom has changed the technology landscape forever. Chatbots are now able to receive messages and develop code-based applications simply through natural language commands, and they are capable of performing truly remarkable feats. This innovation is something entirely new and unprecedented.

So, what has driven this recent wave of innovation? The answer is clear: the baton of innovation has been passed from academia to AI companies.

According to the Stanford University AI Index Report for 2023, until 2014, most significant machine learning models were developed by academia. Since then, AI companies have taken over, and in 2022 there were 32 significant industry-produced machine learning models compared to just three produced by academia.