My 2023 tech predictions
Next year could be chaotic...
I haven’t written tech predictions since the COVID-19 pandemic began. Amidst rampant macroeconomic and societal uncertainty, I just didn’t feel like partaking in the exercise.
Now that things are a bit clearer, I can see a few trends happening in the next twelve months.
VC activity will continue to stagnate
Deals will continue to occur but VCs will be particularity picky, especially within verticals that directly or indirectly benefited from the pandemic (think fintech, health tech).
Series A and B funding rounds could be harder to secure.
Twitter turmoil will accelerate
It will be Elon Musk vs. everybody basically: journalists, regulatory bodies, budding competing platforms and more…
No one is really sure as to why Musk is pushing Twitter to adopt bizarre and ever-changing policies. The only thing that’s certain is that the social network has truly become the billionaire’s megaphone (something I predicted before Musk took over).
The westernization of semiconductors
With Asia dominating semiconductor manufacturing and recent global supply chain deficiencies; the West is now motivated to secure production on its own turf.
Case in point: Intel picked Ohio last January for its new $20 billion facility, which may become the world's largest. President Biden characterized the future plant as a "field of dreams" on which "America's future will be built".
I wouldn’t be surprised if way more announcements of that nature popped up throughout the year.
One question remains: do North America and the EU have the savoir-faire and capabilities to accomplish such plans? This remains unclear…
Generative AI will continue to amaze
ChatGPT was perhaps the pinnacle of an amazing year for generative AI. Text-to-image models DALL-E and Stable Diffusion both made a lot of noise as well.
I believe the enthusiasm for such frameworks will continue to grow. And perhaps we’ll see some incredible developments when it comes to text-to-video models.