Gartner Hype Cycle 2024: AI Gateways are in (Lunar.dev. included!)

Gartner's 2024 API Hype Cycle highlights the growing significance of AI Gateways, API Consumption by Generative AI, and Federated API Gateways, reflecting a transformative shift in API utilization and management. AI Gateways are emerging as crucial solutions for managing and securing connections to AI providers, offering essential features like protecting API keys and facilitating multi-LLM routing. The rise of generative AI technologies is driving a new kind of API consumer, necessitating a strategic approach to managing API consumption with a focus on security, latency, and infrastructure management. Federated API Gateways enable organizations to employ multiple gateway technologies to address diverse needs, enhancing security, scalability, and performance. This evolution signifies the need for a comprehensive strategy to manage API consumption effectively, ensuring efficient and cost-effective use of APIs within organizations as generative AI and diverse gateway technologies become more prevalent.