The AI Bubble: Why the Hype is Just the Beginning

BotX team
August 12, 2024

As AI continues to evolve, much has been said about the so-called “AI bubble.” Gartner’s 2024 Hype Cycle for Artificial Intelligence even suggests that Generative AI has passed the Peak of Inflated Expectations. While some view this as a signal that AI may be overhyped, it is a critical phase in AI’s maturation—a necessary step toward realizing its transformative potential.

The Bubble: A Necessary Phase in Innovation

Like the bubbles floating in this image, the current hype around AI can seem fleeting, driven by excitement and speculation. But these bubbles don’t just disappear; they evolve and solidify. The same is true for AI. As the technology matures, it will transition from hype to tangible value, with far-reaching impacts across industries. While the return on investment may not be immediate, it’s crucial to remember that we’re in the early stages of what will be one of the most transformative technologies of our time.

Composite AI: The Future of Automation

Gartner’s report introduces the concept of “Composite AI,” a future where multiple AI techniques are combined to create more powerful and versatile solutions. This is precisely what we’re building at BotX. In our platform, what we refer to as an AI agent is essentially an AI-automated workflow. These workflows are not limited to a single type of AI. Instead, they are composed of various components that include both LLM-based technologies and traditional machine learning models, such as custom deep learning models.

BotX AI Agents: The Power of Composition

At BotX, our AI agents represent the future of Composite AI. These agents are not just simple automation tools; they are dynamic, intelligent workflows that combine the best of Generative AI and traditional machine learning. For example, an AI agent within BotX can automate a customer support process by using an LLM to understand and respond to customer queries, while simultaneously employing a custom deep learning model to analyze customer sentiment or predict custom KPI and optimize responses.

Why Composite AI Matters:

Versatility: By combining different AI components, our AI agents can tackle a wider range of tasks, offering more tailored and effective solutions.

Scalability: Composite AI allows businesses to scale their AI efforts more efficiently, integrating new technologies as they emerge.

Sustainability: As AI governance and risk management become more important, Composite AI provides a balanced approach that ensures compliance and long-term value.

Conclusion:

The AI bubble isn’t bursting; it’s evolving. As the technology matures and Composite AI takes center stage, the true impact of AI will become clear. BotX is at the forefront of this evolution, providing businesses with the tools they need to build powerful AI-automated workflows that drive real value.

Get in touch

Ready to explore the future of AI-automated workflows? Contact us today to learn how BotX can help your business thrive with Composite AI.

BotX team