Every technology goes through an evolutionary arc, triggering the breakout moment by a strategic breakthrough event. For Artificial Intelligence (AI), that moment was the launch of ChatGPT in 2022.
As per Emerging Technology Survey 2023, of the 54% corporations surveyed, greater than half have integrated generative AI of their business operations inside a 12 months. With the tremendous growth in AI in 2023, now we have to ask: What does 2024 hold for AI? Will the hype convert into a sturdy AI ecosystem?
Here, we make 6 daring predictions about the key developments and innovations shaping AI in 2024. Let’s quickly recap AI’s wild 2023 12 months and what the long run holds now.
2023: A 12 months in AI
January: Released in November 2022, ChatGPT marked the start of AI’s explosive growth. By January 2023, ChatGPT became the fastest service to succeed in 100 million monthly energetic users (inside 2 months).
February: Google pronounces ChatGPT competitor Bard, kickstarting the AI wars.
March: OpenAI makes significant advancements with the discharge of GPT-4, APIs for ChatGPT, and its text-to-speech model Whisper.
April: Google pronounces Google DeepMind, combining the teams of Google Research and DeepMind.
May: Microsoft pronounces AI assistant for Windows 11, and NVIDIA reaches a $1 trillion market cap fueled by the AI boom.
June: The European Parliament makes significant developments on the EU AI Act. It’s the primary time a widely known regulatory body has penned down AI regulation.
July: Meta pronounces its open-source LLM model Llama 2, and Anthropic releases ChatGPT competitor Claude 2.
August: Quora pronounces its own AI chatbot called ‘Poe’.
September: Amazon makes historic $4 billion investment into OpenAI competitor Anthropic.
October-November: Elon Musk pronounces AI chatbot for X called ‘Grok.’ Also, chaos emerges with the OpenAI board as Sam Altman is briefly fired as CEO (and later reinstated).
December: Google pronounces Gemini, its multimodal AI model.
AI in 2024: What’s to Come
Prediction#1: Increased Regulation and the Need for Compliance
As AI takes off and continues its upward ascent, the technology will come under increased scrutiny from regulatory bodies. This has been evident from 2023 events equivalent to the EU AI Act and the U.S. Senate hearings on AI.
Regulation has turn into a priority even contained in the private sector, equivalent to the recent events with OpenAI where disagreements emerged over AI regulation.
We predict that 2024 will mark a big moment socially and legally for AI regarding what it ought to be used for and the way it ought to be used.
Prediction#2: The Rise of Multimodal AI
After Large Language models (LLMs), diffusion models, and generative AI, we are going to see much more powerful recent ways of AI interaction emerge in 2024 with ‘Multimodal AI’.
With this, users can use images, speech, numerical data, etc., to interact with the AI systems intuitively. Consider Google’s recent announcement of its Gemini LLM model, which is able to succeed LaMDA and PaLM 2 with multimodal AI capabilities.
OpenAI’s GPT-4 has multimodal capabilities in research settings, with multimodal features available in ChatGPT for plus and enterprise users.
Prediction#3: AI Personal Assistants as ‘Copilots’ Will Gain Traction
We predict AI will enable every user to have their very own personalized assistants to assist accomplish more with less. Furthermore, corporations will equip their customers with an AI assistant to provide each user more personalized interaction.
Firms can even train AI on internal data to create personal AI assistants, enabling employees to work higher and smarter with a private AI sidekick.
Prediction#4: AI Deepfakes Will Make Misinformation and Political Propaganda Larger Problems
Digital misinformation and its influence on politics have been a widespread concern because the onset of social media. But now, with the rise of AI-generated multimedia propaganda, i.e., ‘deepfakes’, the issue will turn into a force multiplier.
Especially with elections within the U.S. in 2024 and other parts of the world, equivalent to India, having the ability to tell if a certain video, audio, or image is real or AI-generated can be a crucial issue.
Prediction#5: How We Look Up Information Online Will Change
Today, looking up information online involves typing something right into a search engine and getting search results pointing to different web sites. But now, with the rise of advanced models like Bard and ChatGPT, the best way we search for information has modified.
We predict LLMs will act more as reliable dialogue partners, allowing for deeper, intuitive, and contextual access to knowledge. Furthermore, this can be supported by the LLMs providing relevant website links where the user can go to confirm information.
Prediction#6: Biotech Will Be the Biggest Benefactor of AI
AI’s impact in 2023 was rapid and spanned various industries. While biotech may not have dominated the general public conversation, it’s one industry that can see AI’s impact probably the most.
AI’s ability to take complex data and help derive meaningful insights at an unparalleled scale is remarkable. While previous traditional means faced roadblocks, the biotech industry will now benefit from this event.
For instance, in genomics and gene editing, researchers can now analyze complex gene data to discover targets for CRISPR. This can assist understand genetic diseases and even map out the impact of gene editing upfront.
The chances are infinite, so we imagine biotech will proceed to profit from AI technology.
More to Come
If 2023 was the 12 months AI captured public attention, 2024 can be the 12 months the technology consolidates and firmly strengthens its presence. This can include breakthroughs in medicine/biotech, recent ways to interact with technology through multimodal AI, and rather more.
To remain informed concerning the latest AI news, stay connected with us at unite.ai.
