Whilst it's important for executives to understand future developments, even the most forward-thinking leaders could not have predicted the rate of change in AI in 2023. However, each year, the best researchers, leaders, and developers descend on CVPR, to glean insights from an international conference that has acted as the birthplace of countless AI innovations.
CVPR 2023 welcomed scores of attendees and sifted through over 9,000 paper submissions, each outlining their vision for the future of AI. Similarly, vanguards of AI were in attendance this year, with appearances from Tesla, Google, AWS, and more. Household names and AI greats revealed impressive technological advancements, increasingly closing the gap between academic endeavor and commercial reality.
This commercial leaning reflects much of the current climate - or rather - appetite - for AI innovation. According to a study from Accenture, 73% of companies in 2023 are prioritizing AI over all other digital investments, with 90% of business leaders applying AI to tackle aspects of operational resilience. Further, enterprise businesses are the most likely to embrace AI, with 68% of large businesses adopting at least one AI technology in 2022.
The sprawling impacts of this shift are hard to convey, with the use of AI set to raise global GDP by 7%, according to Goldman Sachs. Perhaps most interestingly, 40% of these economic gains are set to come from AI-powered enhancements, according to research from PWC.
So what are some of the commercial leaps showcased at this year’s CVPR? Discussions ranged from evolutions in generative AI, and challenges facing foundation models, to the increasing importance of data-centric AI. In terms of real-world applications, reveals included augmented reality innovations from MetaAI, virtual shoe-fittings courtesy of Snap Inc, and award-winning service robotics from DeepBlue AI.
Building on the breakthroughs of previous years, the mood of CVPR 2023 was one of excitement, with a stream of enterprises recognizing the writing on the wall: The time to strike with AI is now.
Attendees echoed this fervency for AI innovation, with many seeking infrastructure that would evolve burgeoning ideas into fully fleshed products. From end-to-end model development to MLOps advancements, the event showcased the direction the AI market is heading towards: commercial application of AI, computer vision, and machine learning.
Despite this, it’s worth noting that many of the most exciting reveals continue to come from research and innovation projects, heralding advancements in 3D labelling, diffusion models, and multimodal AI.
Driving practical application, was V7, with a cohort of product experts in attendance. Led by the V7 founding team, we revealed a number of exciting new product releases, including SAM-powered Auto-Label features, new and improved workflows, and a new properties system for foundation model labelling.
Face-to-face with the builders of the next era of AI, use cases spanned from microfluidics, to medical imaging, from autonomous vehicles to maritime robotics, and from dental processes to agritech solutions. In contrast to the exciting fast-paced evolutions within research and innovation, these real-world applications shy away from reinventing the wheel, and rather, see AI as an undeniable cog in their mission to impactfully advance their industry today.
So, what will the remainder of 2023 bring? What is the focus of this year’s CVPR attendees? And what are our predictions for AI-powered products?
Touching on some of the biggest talking points of 2023 - we gauged the priorities of this year’s CVPR attendees, tackling SAM, de-risking AI, and key challenges facing researchers in the coming years.
Starting with SAM, just under half of V7 booth attendees state they have embraced the Segment Anything Model, with just under a third indicating they intend to use the model in the future.
When it comes to developing safer AI solutions, respondents prioritized enhancing data quality and leveraging human-in-the-loop quality control, with the remainder highlighting a need for comprehensive governance controls and strengthening AI systems through RLHF.
Finally, this year’s attendees tackled the key challenges AI researchers and practitioners will need to address in the coming years.
In terms of popular research, there were a number of stand-out themes:
Finally, what are the predictions of V7 experts, having had the opportunity to dive deep into AI advancements courtesy of CVPR?
"Demonstrating V7 to the computer vision community at CVPR 2023 was a great experience. We were very happy to demo all of our latest and greatest features, such as our SAM integration which performs instance segmentation from a single click, AutoLabel which magically finds similar instances of a particular class, and semantic segmentation using pixel-perfect masks.
However, the highlight was the many great discussions with exciting companies, diving head-first into AI-powered product development in 2023. The appetite for AI-powered product development was immediately clear, with countless companies realizing the time to strike with AI is now. The hard work of the academic community is now paving the way for commercial application - and it’s phenomenally exciting to sit at its center."
James Petts, Medical Engineering Manager, V7
While CVPR 2023 was packed with a host of innovations, reveals, and trends, there were three key takeaways from the event:
Are you preparing to dive head-first into AI-powered product development? V7 can fuel your project, with infrastructure that:
Get in touch with the V7 team.