I thought it would be interesting to give perspective since this question was asked 11 years ago. In that span we have learned a great deal about how four-dimensional gravity might be encoded in lower-dimensional quantum field theories, even though a fully satisfactory model for our ΛCDM universe is still out of reach.
For work with a positive cosmological constant, we look to Strominger’s dS/CFT proposal, which treats future infinity of de Sitter as a three-sphere that should support a Euclidean CFT$_3$. The idea is elegant, but the would-be boundary theory seems to require an imaginary (hence non-unitary) central charge, and no explicit example reproduces pure Einstein gravity so far arXiv:hep-th/0110087.
Calculable progress came from higher-spin gravity. By analytically continuing the well-studied AdS dual, Anninos, Hartman and Strominger matched Vasiliev gravity in dS$^4$ to an Sp($N$) anticommuting vector model, successfully reproducing correlators at large $N$ arXiv:1108.5735. This is a powerful toy laboratory, but it does not yet describe the spin-2 sector of ordinary general relativity.
A different route, the dS/dS correspondence, places two coupled CFT$_3$s on a lower-dimensional de Sitter slice inside the bulk. It captures physics visible to a single observer over sub-Hubble timescales, but its microscopic completion remains unknown arXiv:hep-th/0407125. The principal challenges on the de Sitter side are reconciling unitarity with horizon entropy and extracting real-time observables from a Euclidean boundary description.
Setting the cosmological constant to zero changes the holographic screen to null infinity, topologically $S^{2}$. The past decade has therefore focused on celestial holography, in which 4-D scattering amplitudes are Mellin-transformed into correlators of a 2-D CFT living on that sphere. This celestial CFT carries the infinite-dimensional BMS/W$_\infty$ symmetry expected of asymptotically flat spacetimes and gives a natural home to soft theorems and memory effects arXiv:2303.10037.
Most recently, researchers have begun assembling the operator algebra of this celestial theory, building chiral sectors that reproduce tree-level graviton amplitudes and encompass the $w_{1+\infty}$ current algebra arXiv:2407.13558. The frontier problems are extending the construction beyond tree level, taming infrared divergences, and encoding black-hole processes.
Of course, the ideas sketched above barely scratch the surface: parallel efforts range from twistor-string and ambitwistor constructions of amplitudes, to numerical and lattice studies of quantum gravity, to bootstrapping Carrollian and BMS-invariant field theories, to exploring how quantum-information concepts like complexity and quantum error correction might constrain any would-be hologram; even lower-dimensional solvable systems such as JT gravity, SYK-type models and 2-D Liouville have become test beds for lessons that could lift to four dimensions, while cosmologists investigate whether inflationary correlators already hide a “celestial” imprint we can observe.
Either line of attack could yet yield the holographic description of gravity in a universe like ours; for now they provide complementary clues and a rich set of problems for the next decade.