You probably won’t survive 2024... Top 10 Tech Trends
Fireship
8 min, 56 sec
The video discusses major technology trends and predictions for 2024, including the state of the job market, the resurgence of cryptocurrencies, developments in tech hardware, and advancements in artificial intelligence.
Summary
- The speaker emphasizes the difficult state of the job market, especially for junior developers, due to competition and the aftermath of massive layoffs in tech companies.
- In the world of finance, cryptocurrencies are seeing a resurgence, with Bitcoin recently breaking the $40K mark.
- In technology hardware, developments include the potential rise of augmented and virtual reality, the production of new chips by Microsoft and AWS, and the ongoing shift from x86 architecture to ARM chips.
- AI advancements are expected to continue revolutionizing various sectors, from stock trading and cyber security to entertainment and web development. The speaker predicts that by the end of 2024, it will be possible to generate a full-length movie from a laptop.
Chapter 1
The speaker describes the current challenging tech job market situation, particularly for junior developers, due to large-scale layoffs from major tech companies and a decrease in open jobs.
- The speaker mentions massive layoffs from tech companies like Amazon, Google, and Microsoft, which flooded the job market with talent while the number of job openings declined by 60%.
- Despite these challenges, the speaker notes some hope, with job openings up 13.8% from earlier in the year and big tech companies unfreezing their hiring freezes.
- However, the speaker also warns that the future of the job market is dependent on global events and economic conditions, including the presence of high interest rates and potential wars.
Chapter 2
The speaker discusses the resurgence of Bitcoin and other cryptocurrencies, which are seeing a rise in value after a period of decline.
- Bitcoin's value was at $16k at the start of the year and recently broke the $40K mark.
- Some cryptocurrency enthusiasts are predicting that one token could be worth over a million dollars by the end of 2024.
- The speaker suggests that if Bitcoin reaches a price point of $69k, it will likely trigger a flood of memes and elevate fear of missing out (FOMO) to extreme levels.
Chapter 3
The speaker discusses several key developments in tech hardware, including potential advances in augmented and virtual reality, new chip production by Microsoft and AWS, and the shift from x86 architecture to ARM chips.
- The speaker predicts that augmented and virtual reality could see a resurgence in popularity thanks to products like the upcoming Apple Vision Pro.
- In chip production, Microsoft has announced plans to produce its own chips, such as the Maya chip for artificial intelligence and the Cobalt CPU for general purpose use in the cloud. AWS is also building its own ARM-based chips.
- The speaker notes that most PCs and laptops running Windows currently use CPUs based on the x86 architecture, but this could change in the future due to the development of technologies like Project Vola, which enables Windows to run on ARM chips.
Chapter 4
The speaker discusses the current state and future predictions of artificial intelligence, including its impact on various sectors such as stock trading, cyber security, entertainment, and web development.
- The speaker mentions several applications of AI, including its use in algorithmic stock trading, cyber security, and military operations.
- The speaker predicts that AI will be increasingly used in web development, with the development of AI tools that can write code and visual editors for JavaScript frameworks.
- In entertainment, the speaker mentions the recent release of a text-to-video model by Stable Diffusion, and predicts that by the end of 2024, it will be possible to generate a full-length movie from a laptop.
- The speaker also discusses the concept of artificial general intelligence (AGI), an AI that can think for itself, and speculates on the potential implications if AGI is achieved.
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