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12/31/2023

Topic Reading-Vol.4268-12/31/2023

Dear MEL Topic Readers,
Tech Trends 2024: AI and electric vehicle deals
When you wake up tomorrow morning, it’ll be 2024. What sorts of new technologies are coming next year? There have been a number of innovations, advancements, and applications appeared this year. One of the most significant game changers was generative AI, such as Chat GPT and Bard. Generative AI creates new and original content like a summary, chat responses, designs, synthetic data, or even deepfakes. It has already been used in various fields and become an essential part of business and academics. There will be more and better generative AI applications and services next year but they may be in different ways to mitigate the cost and computing power. In the automotive market, it is estimated that over 14 million electronic vehicles will have been sold in 2023, about 18% of the total market. More EVs are expected to be sold next year, especially in China and the UK where government subsidies and requirements are in place. As early adopters have already been driving EVs, next year’s growth will be more dependent on charging infrastructure than just prices. China will remain the world’s leader in the EV market and producer with over 10 million units. Also, humanoid robots are expected to be working like humans and with humans, in places like Tesla’s factories and Amazon’s fulfillment centers. Lastly, a tablet version of the weight-loss medication for obesity and overweight adults called Wegovy is expected to get approval in the EU. A great news for those who have been injected weekly in the clinic. Now, let us hope we’ll have more great tech innovations next year to make our lives safer and better.
Enjoy reading the year-end Topic Reading and have a good New Year’s Eve.

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