2022 — is a significant breakout year for Artificial Intelligence

Although, 2022 was also marked by a tech slowdown and high inflation, which affected many industries and caused concerns about the future of the global economy. This year also undermined convetional wisdom about balancing portfolios between equities and fixed income. The slowdown in the tech industry was due to several factors, including supply chain disruptions and increasing competition, while high inflation was driven by a combination of factors including rising commodity prices and monetary policy. These factors led to challenges for businesses and consumers alike, and sparked discussions about the need for more sustainable and equitable economic growth. Although wealth managers grappling with one of their worst years in a century, with high inflation and a sell-off in stocks in US; hammered returns. The threat of higher inflation presents a challenge to preserve wealth in real terms. In spite of wealth’s ill health, Year 2022 is a breakout year for Artificial Intelligence ( AI ).

Yes, 2022 was a significant year for the development and implementation of generative AI, that we do not fully comprehend. There are some good reasons to believe this assertiob ma y be true. Farewell crypto and welcome to generative AI. In 2022, there was a shift in focus from cryptocurrencies to generative AI. With advancements in GPT-3 and @openAI’s chatGPT language generation model with its astonoshing ability generating paragraphs of convincing text at remarkable speed as well as increased use of generative AI in…