Large language models will create opportunities for new businesses to challenge Google in search products and provide human-level chatbot interfaces for medical and educational services. Multimodal models and agents using language interfaces to complete tasks will also be significant trends, and successful businesses will focus on creating something unique and differentiated by fine-tuning existing large language models for specific purposes.

Access to data will be key to success in the field of AI, and businesses will need to consider data privacy and security as well as how language models can be used to improve existing products and services, create new products and services, automate tasks, and provide personalized experiences for customers.