Our journey through 2024 and next steps in 2025 | Silo AI
The AI landscape of 2024 was defined by a trend rooted in duality – democratization of AI through open source, and the increased sophistication of AI-powered products. Model performance continued to increase, while many innovations yielded lower training and inference costs. Open source models emerged as credible alternatives to closed solutions, democratizing access to the technology.
At the same time, enterprises demanded more advanced AI capabilities, requiring significant compute power for training both general purpose and specialized models and running inference at scale.
Market Evolution in 2024
Translating the remarkable improvements in technical AI development into market evolution, 2024 saw the generative AI upswing of 2023 mature into increased commercialization of AI. Large language models (LLMs) such as Microsoft Copilot, GitHub Copilot, ChatGPT, and Meta AI scaled as embedded parts of digital products.
Evidence of value creation and commercial traction in the market was seen through significant funding rounds for AI powerhouses and acquisitions of key AI companies and talent. Silo AI continued to push the boundaries of AI development in Europe and released the SiloGen model-as-a-service platform, making progress in AI model development, especially for European languages.
Expansion and Partnerships
Silo AI expanded partnerships with industry-leading companies and research powerhouses, focusing on developing open AI to preserve and promote linguistic diversity. The European AI ecosystem saw significant developments in 2024, including the implementation of the EU AI Act and major investments in compute infrastructure and research institutes.
In 2025, industry-specific AI models are expected to become the norm, and other data modalities such as biology, pharma, material sciences, robotics, autonomous vehicles, and world models will be increasingly explored. AI technology is maturing rapidly, and its impact on business and society continues to grow. Silo AI remains committed to creating value for customers as a leading private AI lab, focusing on human-centric, trustworthy AI.
Wishing you all the best in the new year!
